Earlier quoted context omitted.
Their top tier compensation packages and stock performance over the past 15 years
That's the story, but I feel the acronym was "unfortunate" without them, so they were added.
'Too many employees, but few work': Pichai, Zuckerberg sound the alarm
321–330 of 1001 posts
Re: 'Too many employees, but few work': Pichai, Zuckerberg sound the alarm
#322As a consultant, I come around a bit. I have seen many companies with very poor productivity, and in zero of those cases was it laziness of the employees. In fact they usually would have loved to be more productive. Nobody wants to spend their life being dead weight. But as companies grow they install more and more rules and regulations that end up making sure nothing ever gets done. It is not unusual to meet "develo…
I've seen this increase proportional to the number of employees. People start trying to worry more about perception of progress by tracking proxy metrics, because the large the company, the harder it is to prove how each one contributes directly to the bottom line.
Re: 'Too many employees, but few work': Pichai, Zuckerberg sound the alarm
#323Maybe it’s not the employees fault, but the management who hired them… or maybe it’s the fact that it takes forever to get anything done at FAANG nowadays. Or maybe, just maybe, interviewing based on esoteric computer science problems isn’t the best way to identify high performing builders.. but a great way of identifying people who can hack a process to secure maximal reward. Look, if I can ‘crack the coding intervi…
If you have time to faff around at a FAANG, you have time to be cultivating your network to include some very influential people, you have time to be taking advantage of training resources or learning from the experts there that are completely free that most ordinary developers would have to pay thousands to get access to, you have time to work on side projects either for the company or, if you dare, for your own per…
Re: 'Too many employees, but few work': Pichai, Zuckerberg sound the alarm
#324This is such an embarrassment for these two... Aren't YOU the CEO of your company? Didn't YOU approve hiring plans and corporate goals? If there's not enough work, why don't you find something for them to work on, or replace your managers with folks that will. Instead, it's the employee's fault for being so unproductive.
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Re: 'Too many employees, but few work': Pichai, Zuckerberg sound the alarm
#325Earlier quoted context omitted.
> I remember the engineers on my team from HQ explaining to me that my proposed stand-up meeting schedule wouldn't work beacuse their intramural basketball league scheduled their games for that time. Meanwhile, in our low-perqs atmosphere in NY, distractions were limited and productivity was high. We also all made money. Your standup meeting could've been an email. Their immovable basketball game (quality of life) is…
This seems crazy to me, but I don't work in FAANG. A basketball game (I'm assuming recurring) during work hours? Quality of life from inside work? Are you all at campus for most of your day (ie, longer than 8h?) To me, quality of life is working hard and smart during the 8h, and keeping the rest of the day for you and your family. Quality of life comes from outside work, and the company respects and encourages that b…
Re: 'Too many employees, but few work': Pichai, Zuckerberg sound the alarm
#326Earlier quoted context omitted.
Google et al. cargo culted SGI culture -maybe it works for a class of geeks. Anyway they often coddled employees and treated them "like family" as they like to say and tell them they are special and the lucky few. You can bring your pet to work (if no one has allergies to it), you can waltz in late, go get a snack, log in, chat with your friends, play with new gizmos, then go to a meeting, get lunch, then work out, t…
Easy: it goes both ways. Keeping employees happy means they are willing to voluntarily spend more time at work. "Chatting with friends" is more often than not informally discussing work projects. Going home before traffic gets bad and working a few hours from home is the sane thing to do. My current employer is very lenient, and as a result I am very happy working here and put in more than I am required to. If they w…
Re: 'Too many employees, but few work': Pichai, Zuckerberg sound the alarm
#327Glad these guys seem to finally be noticing. I was a software engineering manager at a lean, high-margin, profitable start-up based in the NYC area starting in the late 2000s. We were acquired in 2014 by a very typical (for the time) SV-based competitor that had raised hundreds of millions in an IPO a few years earlier. Our acquirers had yet to see a single quarter of profit, of course. I and my team had so many good…
https://steveblank.com/2009/12/21/the-elves-leave-middle-ear...
Re: 'Too many employees, but few work': Pichai, Zuckerberg sound the alarm
#328Earlier quoted context omitted.
> Look, if I can ‘crack the coding interview’, then I can certainly crack ‘how to do as little work as possible and stack paper to the ceiling while my stock vests’. What's worse, many of the jaded people going through the motions probably started out gung-ho but then got frustrated to see how little impact they were really able to have and eventually became checked out. These kinds of things are self fulfilling prop…
I can't think of any work to be done for a Meta company that I'd find meaningful in any way. I imagine there are plenty of people who only figured this out for themselves after coming on board.
Re: 'Too many employees, but few work': Pichai, Zuckerberg sound the alarm
#329Earlier quoted context omitted.
> I can't find any other place that it comes from other than disappointment from those that didn't or can't pass those interviews. Oh, the macro is that these companies are oligopolies. About 15–20 years ago one of them realized that poaching entire teams from the others to enter new LOBs was cheaper than competing. So headcount grew. Outside of strategic hires it doesn’t really matter who they pick up. E.g. LinkedIn…
I might not be connecting the dots, but I don't see how this is related to the GP's gripe that these interview questions aren't good tools for hiring engineers.
The GGP is using an argument that if these techniques don't work, then the companies will fail, because that's how capitalism works.
The GP is saying that because these companies are oligopolies, they can do a lot of very inefficient things that don't work and distort the market, yet not fail and not be punished for it, thus that's why we should care.
Re: 'Too many employees, but few work': Pichai, Zuckerberg sound the alarm
#330As a consultant, I come around a bit. I have seen many companies with very poor productivity, and in zero of those cases was it laziness of the employees. In fact they usually would have loved to be more productive. Nobody wants to spend their life being dead weight. But as companies grow they install more and more rules and regulations that end up making sure nothing ever gets done. It is not unusual to meet "develo…
"Nobody wants to spend their life being dead weight." I disagree. There are plenty of people who would love to be dead weight just to float around in a company. The larger the team/company, the more chances of those people being around. They pretend to be always busy and doing something but don't actually get anything done. Seen it all for 18+ years. Having said that, there are plenty of people as well who would LOVE…
Not really. Even they will carve out some niche and pretend (even to themselves) to be doing useful work. Middle managers love to schedule irrelevant meetings, but they will provide some business justification to themselves and to others. You'll find the odd developer that's maintaining some internal app by themselves.
It's very rare that employees are just twiddling their thumbs and doing nothing all day. Specially if we are talking about a highly skilled workforce. I've seen that more often on boring entry level jobs - because the jobs are already boring by nature, so doing nothing and doing something is not much of a difference anyway.