381–390 of 414 posts
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Its not actual satire though ... Missing analyst expectations is a massive failure of management, they set the guidance and the expectations for the market; thus missing it by 2bn is actually a pretty poor performance.
Say company X issues guidance of $1.34/share Analysts expect $1.40/share. Company X releases earnings of $1.45/share. Things still tank, because... the "real" expectation was 5% over analyst expectations, which was already over guidance.
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Sure, it’s not easy to replace anyone. It’s often not even easy to replace cleaning personnel. But nobody is irreplaceable.
Good thing I didn't say that then
> That's the same thing as being difficult to replace
I‘d appreciate if you didn‘t respond in a passive-aggressive manner.
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Well said. For me, complaints of layoffs in tech companies and startups fall on deaf ears. I say this as someone who works for a startup, and whose partner works for Google. It has been incredibly obvious that technology companies over-hired during the pandemic and that the growth they were seeing was not sustainable. The “we prepared for a different economic reality than the one we face today” is hogwash. Rather tha…
> Rather than directing anger toward the managerial class for layoffs, I’d rather see anger directed toward them for over-hiring in the first place. Almost every criticism I see if the “managerial class” includes criticism for over hiring. That’s the point. Management making strategically unsustainable decisions is what resulted in over hiring. It’s a mistake by those in management, but the consequences, layoffs, are…
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The time between contracts is amazing. I spend loads of time with my kids and go on adventures. I need to do about 4 months of work to cover my family's living expenses, then another 2 to make sure I've saved adequately for retirement, then ideally I take 6 months off.
Seriously? Do you live off grid or something?
I grind away at our codebase day in day out causing me immense personal anxiety and burnout risk and all for what? Well! The honest answer is because software engineering is an incredibly satisfying intellectual pursuit. So satisfying that outside of work in my spare time I literally do it for free , giving away my work to strangers as free / open source software. Why draw a salary then? Or stock? Well obviously I ha…
this complaint is almost as tone deaf as the satire. poor you. i was laid off, and only got a month's severance.
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Or maybe you don't know how I feel and I can come to different conclusions that aren't a result of me "not giving a damn" about people. Not everyone who disagrees with you is evil.
Why is it so easy for you to disregard any kind of power/leverage relationship about labour and employment?
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Everyone is replaceable, in some way. Even Steve Jobs and Bill Gates seem to have been replaceable, at least from a stock owner perspective. I'd like to offer a different explanation: Entrenched in-groups and institutions control access to the highest paid jobs. You need to become a part of those to be allowed to participate.
>Entrenched in-groups and institutions control access to the highest paid jobs. You need to become a part of those to be allowed to participate. That's the same thing as being difficult to replace. You gain "access" by being perceived as difficult to replace. The more difficult you are to replace, the higher your access.
> Silicon Valley - Gavin firing Nucleus
I grind away at our codebase day in day out causing me immense personal anxiety and burnout risk and all for what? Well! The honest answer is because software engineering is an incredibly satisfying intellectual pursuit. So satisfying that outside of work in my spare time I literally do it for free , giving away my work to strangers as free / open source software. Why draw a salary then? Or stock? Well obviously I ha…
They tried this at twitter. But twitter survived. Turned out for KTLO not many people are actually required.
Also, when you are over staffed, employees have enough free time to get political, run slack channels, do activism and in general reduce the entire org's productivity. Most companies were stuck in this phase the last few years, with Coinbase and a couple of other companies being brave enough to say they don't want their employees engaging in workplace activism.
This whole macro-economic change and the twitter success after getting rid of 30% of its employees, has now given these companies an opportunity to follow without getting singled out. If they don't do it now, and do it 6 months later they will get called out as demons. Now since everyone is doing it, it is not that bad a PR hit.
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Why is it so easy for you to disregard any kind of power/leverage relationship about labour and employment?
I'm not disregarding it, I just think it's not represented accurately.