Live data from Hacker News

LinkedIn to cut 960 jobs worldwide

bbc.com

271–280 of 312 posts

Re: LinkedIn to cut 960 jobs worldwide

#272

Earlier quoted context omitted.

5 years experience web development/full stack/mobile here. 29 years old. I’ve never had a salaried job in my life. I’m able to pull down $150/hr for a couple months a year (8 hour days), $125/hr for another 6 months full time, then take a couple months off and I’m making a decent salary when it all shakes out. That’s fully remote and working for friends or friends of friends, occasionally taking a contract with a meg…

Any tax tips? That's an interesting observation. (Thank you!)

Not the OP, but the best 'tax tips' come from a tax professional in your region.

I'm in the US, and use a payroll service to pay myself a regular salary. The payroll service deducts and pays appropriate taxes and paperwork. I then also make estimated quarterly tax payments as well, to deal with any estimated overage I may earn/owe. I then pay a tax professional to reconcile everything at the start of the tax season.

Meet with a tax professional. Meet with 2 or 3. Find someone you're comfortable with who has clients like you. Or... find people like you and get referrals as to who they use.

Re: LinkedIn to cut 960 jobs worldwide

#273
post #97

I'm surprised. LinkedIn has to be one of the major sites whose traffic has gone up in recent months, with so many people looking for work and stuck in front of a computer.

LinkedIn makes most of its money out of companies posting job ads, not on people applying for them. And companies paying for ads are going down.

I always figured LinkedIn makes their money selling candidate data to recruiters.

Re: LinkedIn to cut 960 jobs worldwide

#274
post #214

I find it a little disappointing how when any large company reduces staffing it always makes the news. I'm not at all saying these people at LinkedIn deserve this, I bet they're smart people and I hope they find new employment very soon. But speaking generally ... many of us have worked at or worked with big bloated companies. We all know that many of them could be improved by slimming down. But we report on it like…

If you have to fire so many people at once, it means you've fucked up. They should have never been hired, or individually fired a while back, or whatever.

It means the company is making a dramatic shift in how they do things. While this could be good (mass layoffs often mean that the company has finally realized they have a problem), what is definitely means is that they've made a lot of mistakes. It's essentially admitting that they've made suboptimal decisions.

That is why it is reported on, not because it's a morally bad thing or whatever.

Re: LinkedIn to cut 960 jobs worldwide

#275

Earlier quoted context omitted.

From my experience you can opt-out of the bullshit with no ill effects, at least in the software industry. My activity is completely empty, no posts, no likes, etc and that doesn't seem to hurt me. I mostly use the tool as a rolodex to keep in touch with professional connections and be reachable by recruiters. The problem of course is that the platform doesn't seem to understand that and desperately tries to encourag…

Posts like this baffle me. This tool seems to function perfectly well as a rolodex and as a recruiter contact for you (its primary function for myself and most others) but somehow it's problematic for to have other functions for other users. > The problem of course is that the platform doesn't seem to understand that and desperately tries to encourage me to participate which seems pathetic at this point. They have 2…

Baffled by how defensive you are of a former employer. Linkedin emailed my contacts without asking. And the same has happened to me from my contacts. I would get emailed repeatedly to join. I don't support these dark patterns nor those who have worked for companies that build those dark patterns.

Re: LinkedIn to cut 960 jobs worldwide

#276
post #274
post #214

I find it a little disappointing how when any large company reduces staffing it always makes the news. I'm not at all saying these people at LinkedIn deserve this, I bet they're smart people and I hope they find new employment very soon. But speaking generally ... many of us have worked at or worked with big bloated companies. We all know that many of them could be improved by slimming down. But we report on it like…

If you have to fire so many people at once, it means you've fucked up. They should have never been hired, or individually fired a while back, or whatever. It means the company is making a dramatic shift in how they do things. While this could be good (mass layoffs often mean that the company has finally realized they have a problem), what is definitely means is that they've made a lot of mistakes. It's essentially ad…

To say you've fucked up in the face of a global pandemic seems a bit obtuse.

The current state of normal is not the same way to operate when there is no COVID. Sort of like saying we should have always operated like the bubonic plague never went away even after it did.

Treating the situations the same is too dogmatic.

Re: LinkedIn to cut 960 jobs worldwide

#278
post #244

Earlier quoted context omitted.

> Which is why I don't have any particular sympathy for the undulations in the job market of a salaried employee - at any point, they can freelance like I have to fill the gaps. Congratulations on your successful gig career that gives you great freedom and the means to support yourself. However, not everyone can freelance. They may have skills which have zero demand right now, they are unable to work remotely, or the…

I wouldn't call my career especially successful. I have slogged for 20 years at this. The one programming language I know how to use is probably the least fashionable and most laughed at around. I'm just saying that the focus in a "cutting x staff" thread is always on the loss of a job and not that the job was provided. I have multiple mortgages and a family that has limited my relocating. Being a small web studio ge…

Consider that some of the people being let go may be here on employment visas, and this may jeopardize their (and their family's) ability to remain in the country.

Re: LinkedIn to cut 960 jobs worldwide

#279
post #244

Earlier quoted context omitted.

I wouldn't call my career especially successful. I have slogged for 20 years at this. The one programming language I know how to use is probably the least fashionable and most laughed at around. I'm just saying that the focus in a "cutting x staff" thread is always on the loss of a job and not that the job was provided. I have multiple mortgages and a family that has limited my relocating. Being a small web studio ge…

Consider that some of the people being let go may be here on employment visas, and this may jeopardize their (and their family's) ability to remain in the country.

And they may have got into the country with the support of that company in the first place? I'm not heartless. I'm just saying that there is rarely much appreciation of the original opportunity in discussion about it ending.

Re: LinkedIn to cut 960 jobs worldwide

#280

Earlier quoted context omitted.

I'm baffled by that number given how bad the product is. It has a lot of potential, but is completely ruined by the social media aspect and their attempt at making it yet another cesspool like Twitter or Instagram, all the way down to the algorithmic feed, likes and reactions. They should step away from the nonsense and make the tool (because yes it should be seen as a tool and not a lifestyle) easier to use, not har…

> I'm baffled by that number given how bad the product is. That's because the "product" isn't the social network. The "product" is insight and access to much of the professional workforce. Sales and HR use it extensively. The social network aspect is likely to keep people semi-engaged with the platform and voluntarily disclosing things that Sales and HR can use as signals.

Indeed, "talent solutions" and "marketing solutions" are Linkedin's biggest revenue drivers. Subscriptions come after that.
Post reply on HN