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Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

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Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#281

Post by johnnyanmac »

kwhitefoot wrote: post #216
mjhay wrote: post #69

Earlier quoted context omitted.

Yeah that is a good point. Short-term thinking and short tenures are incentivized. The short average tenure in tech is just crazy to me, considering that onboarding takes forever compared to most industries, and how expensive the hiring process itself is. Nonetheless, companies hate giving existing employees raises despite how much it helps retention.

> onboarding takes forever compared to most industries, What? If you mean other industries where people are called engineers is used then I'm pretty sure that getting up to speed in another industry and becoming familiar with the unspoken, unwritten, unconscious rules that make the product possible must take at least as long as in any kind of software based company. Not to mention that there are often lots of constra…

Other engineering professions have standards and licenses to streamline a lot of the technical ins and outs. Even within the same domain of software, the tech stacks and methodologies can different very radically. And you're often not just hiring mid+ level folk just to code.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#282

Post by johnnyanmac »

ericmcer wrote: post #185
KptMarchewa wrote: post #116

Earlier quoted context omitted.

I agree - but I think this decision was made pretty consciously. As in, they did internal equivalent of PE buyout. Accept you're not growth company, get rid of large portion of the staff, cut all new developments and prospects, rest of remaining stuff just supports existing business. And extract all the wealth from this position that you can.

I am really surprised more CEOs don't do this. If I got a business to a few million in recurring revenue it would be very tempting to slice expenses down to just maintenance mode, take a huge salary while riding it into the dirt for a few years and then retire.

publicly traded companies don't want steady profits. They want infinite growth, and growth requires investment in R&D. Hence the huge hiring sprees over the pandemic.

But prospects point towards a recession, the boons of the pandemic are over, and interest rates aren't dirt low anymore. Which is why companies are indeed shifting down to "maintenance mode".

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#283

Post by johnnyanmac »

OkayPhysicist wrote: post #124
KptMarchewa wrote: post #116

Earlier quoted context omitted.

I agree - but I think this decision was made pretty consciously. As in, they did internal equivalent of PE buyout. Accept you're not growth company, get rid of large portion of the staff, cut all new developments and prospects, rest of remaining stuff just supports existing business. And extract all the wealth from this position that you can.

Oh, in this case it was just shameless union busting. Taking an axe to your company yourself is a helluva lot cheaper than hiring the Pinkertons.

It'a a mix of a declining economy and convinient union busting. Many other companies are ding this sot layoff strategy and don't have looming unions to worry about.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#284

Post by johnnyanmac »

paxys wrote: post #240
0xcde4c3db wrote: post #237

Earlier quoted context omitted.

I don't think the problem is "MBA brain", at least not directly. MBA types may have earned a reputation of being distinctly out of touch with the "factory floor" and the end user, but their actions are often rational if viewed through sufficiently Excel-tinted glasses. To me, the RTO push does not seem rational in that way. I fully admit that this is a half-baked hypothesis based mostly on vibes, but I suspect that a…

I agree. If a company asked its team of MBAs to figure out the ideal work situation, they'd run the numbers and conclude that saving on expensive office space, expanding the talent pool, being able to hire in cheaper regions, keeping employees happier and reducing attrition etc. made remote work the more favorable option. The problem is instead power tripping execs who ignore this advice and go nah, what we really ne…

you're forgetting the sunk cost of renting some office in town. If the numbers are big enough, and especially when you want to downsize anyway, it may make more sense to enforce RTO to kill two birds with one stone. RTO works on the gamble that you keep enough of your staff afterwards to be fine.

IDK if 50% means they lost that gamble, but it sounds higher than expected. I wouldn't have place it higher than 20-25% for a company Grindr's size.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#285

Post by johnnyanmac »

kayodelycaon wrote: post #11

Misleading title. Grindr is likely trying to remove everyone who was talking about unionizing and doesn't think they got enough of them in the first round of constructive firing measures.

It's in the lede, to be fair (even before the article get paywalled off):

>Grindr Inc. has lost about 45% of its staff as it enforces a strict return-to-office policy that was introduced after a majority of employees announced a plan to unionize.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#286

Post by znpy »

hdjjhhvvhga wrote: post #95
znpy wrote: post #34

Earlier quoted context omitted.

The people who stayed can give their two week notice next week and argue that they are way more critical now.

Unless they do it en masse, it won't work.

actually if they do it one by one it's just better.

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#287

Post by dghlsakjg »

vuln wrote: post #273
boeingUH60 wrote: post #227

Earlier quoted context omitted.

The ADL is not powerful enough to cause a 50% drop in Twitter revenue…most businesses don’t care about what they say. The reason for the drop is Musk’s erratic behavior. Advertisers paused or halted their spending entirely because Musk is known for making on-the-fly decisions, and businesses don’t want to get caught up in his latest antics.

Cool show your proof. Thanks. Anything else is just your opinion presented as fact.

Your “proof” is that Mr. Musk says so.

There is no proof outside of Musk’s statements that revenue has dropped since X no longer makes public their finances, and there is no proof that anything the ADL has done rises to legally actionable defamation. They have certainly mounted a boycott campaign, but that is not proof of defamation. Myriad other organizations have also called for boycotts. It is curious to me that you are so personally focused on the one boycott that Mr. Musk cited as the sole cause of the revenue drop.

I did link in another post a peer reviewed study from a third party showing that hate speech has measurably risen since Mr Musk’s takeover.

There certainly is a lot of correlation here, but all of us, including you, are speculating on the causality. You are leaning heavily on the statements of a single man who has a proven track record of being incorrect, to put it gently. We are leaning on a variety of other heuristics that can be summed up as “A known bullshiter has said something that sounds like bullshit, and makes no sense to our understanding and experience of the world.”

Re: Grindr Loses Almost Half Its Staff on 2-Day RTO Requirement

#288

Post by toomuchtodo »

giantg2 wrote: post #218
toomuchtodo wrote: post #53

Earlier quoted context omitted.

It's likely. https://prospect.org/labor/2023-08-28-bidens-nlrb-brings-wor... https://www.nlrb.gov/news-outreach/news-story/board-issues-d... https://www.nlrb.gov/news-outreach/news-story/national-labor...

Sure, plenty of rules exist. The real test is in how those get enforced.

https://www.nlrb.gov/news-outreach/news-story/us-circuit-cou... ("U.S. Circuit Court Directs U.S. Marshals to Take Haven Salon + Spa Corporate Officials into Custody for Refusing to Comply with Board’s and Court’s Orders")
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