351–360 of 531 posts
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Can you share a bit about what they did well in the behavioral interviews? Do you have specific examples? Would love to learn some best practices
Shopify calls its first interview the "life story" interview, and (in my experience) it was a great place for me to talk about my career, reflect on past successes and mistakes, and demonstrate empathy and self-awareness.
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>Aren’t CEOs paid ludicrously well to make long term decisions, rather than just flail around? CEO's are neither prophets nor oracles. They are effectively dice-rolls with a face. Not roll er s, but rolls. No matter what, sometimes you get bad numbers. Founder CEO's like Lutke are heroes. They have skin in the game. This forces them to calculate their risks. Their actions and decisions have greater weight because of…
Lutke's not a hero, he's a mini-Zuckerberg: he still runs the company he founded as CEO, but he has already made more than enough money to comfortably retire. Also like Zuckerberg, his company might be better off without him at this point, since being practically unaffected by success or failure makes continuing as CEO something of a vanity project.
Once again a company that prides itself on being a follower rather than a leader. It drives me insane >Our numbers were unhealthy, just like it is in much of the tech industry. Ok, can we consider this in your compensation discussions this year? That you mindlessly followed the crowd and left your company structurally weak? Or do we think you're going to shoot for record compensation this year?
Is the company structurally weak? Absolutely awful situation for the workers, but I haven't seen systemic negative effects for the companies conducting layoffs.
Businesses are path dependent, you can't just go "oh, not enough people hire more, oops! too many, fire some!".
Is this the same CEO who decided to double the engineering team in a single year? https://techcouver.com/2021/01/06/shopify-to-double-engineer... Aren’t CEOs paid ludicrously well to make long term decisions, rather than just flail around?
From a business perspective, this is great for Shopify. The labor market for software engineers has seriously softened as a result of all the layoffs. Go look at job openings and their posted salaries. When Shopify beings hiring again, they are going to be able to hire talent at a fraction of the price. Also, this is largely a coordinated effort from activist investors specifically targeting large tech salaries. E.g.…
AI is already displacing some people from their work. I hate both absolute capitalism and socialism/communism. How can AI help us find a sweet spot?
Does anyone have a sense of how bad things really are for the US economy and what the next 12/18 months are going to look like? Seems like every day all I see is doom and gloom, I've not seen a bright spot in quite some time... it's becoming increasingly difficult for me to get a sense of where things are. People keep saying things are going to get worse, I keep reading things are going to get worse, friends are lite…
Separate your personal happiness from your job. Who knows what the future holds, maybe it won't be working in tech. Be ready for anything IMHO. It might get better, or it might not any time soon. But the sun will come up again tomorrow, and the day after and after etc.
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Not saying downsizing does not make sense, but its a stretch to say that its a service to our society to downsize one's company. > As a society we allow layoffs because it reallocates skilled workers to new areas that actually need them This more sounds like a trap mindset to me to be honest. Its associating some sort of morality to what is just regular part of running a business. Companies do what's best for the com…
The conceit that there exists human actions that are exempt from “morality” is fundamentally depraved.
I was pointing out that’s not the case.
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Is the company structurally weak? Absolutely awful situation for the workers, but I haven't seen systemic negative effects for the companies conducting layoffs.
I work at a company that did similarly large layoffs despite record profits. In our case, the cuts were conducted by an MBA. Many important revenue driving products have been mangled by having their teams entirely removed, with pages going completely unanswered. In at least one case, it seems like an entire team was cut in error. The company was seriously negatively impacted, but the share price hasn't budged. To the…
1) wage suppression
2) by hostile take overs inside the company by MBAs, the phase lag between the layoffs and impact on velocity or the bottom line is too long. The second order fire that comes months later gives them an option to look like a hero again.
Most MBAs burn an asset for a short term gain. Period.
Does anyone have a sense of how bad things really are for the US economy and what the next 12/18 months are going to look like? Seems like every day all I see is doom and gloom, I've not seen a bright spot in quite some time... it's becoming increasingly difficult for me to get a sense of where things are. People keep saying things are going to get worse, I keep reading things are going to get worse, friends are lite…
QoL for most Americans will continue to drop to match USA's precipitous decline in geopolitical status, but even Russia rebounded after just a couple decades. Hey, we got a bunch of O&G as well.
Is this the same CEO who decided to double the engineering team in a single year? https://techcouver.com/2021/01/06/shopify-to-double-engineer... Aren’t CEOs paid ludicrously well to make long term decisions, rather than just flail around?
>Aren’t CEOs paid ludicrously well to make long term decisions, rather than just flail around? CEO's are neither prophets nor oracles. They are effectively dice-rolls with a face. Not roll er s, but rolls. No matter what, sometimes you get bad numbers. Founder CEO's like Lutke are heroes. They have skin in the game. This forces them to calculate their risks. Their actions and decisions have greater weight because of…
Then why are they compensated like they're gods?