Joist lays off 60 employees in Toronto as company relocates to SF

Post by jrockway » Thu, Jun 23, 2016, 4:29 PM UTC

n00b101 wrote: post #7

MrLeftHand wrote: post #2

This is some nasty stuff. I feel sorry for the guy literally working there less then a day and getting the boot. Shows some really serious problems in management. Who the hell hires people when they know very well they won't stay and make the whole staff redundant. Well, except for friends and family of course. Either it was a lack of communication between management and HR, or they just really didn't give a flying f…

I know someone who left a finance job in NYC to move to London. Was fired in his first week; the trading desk he had joined was abruptly closed down. I guess senior management kept the plans secret from the line managers who kept on hiring without knowing what was coming. So I don't think this sort of thing only happens in start-ups (if anything, I would guess this type of thing is more likely to happen in a large co…

Post by Waterluvian » Thu, Jun 23, 2016, 4:32 PM UTC

udba wrote: post #30

As an engineering student at UWaterloo it's pretty depressing to watch most of the best upper year engineers finish their studies and then abandon Canada for SV. There's logic in it for them: American companies are offering huge sums of money by Canadian standards, the weather is nicer, and the opportunities seem better. If I didn't have serious reservations about living in the US, I would probably do the same. Howev…

Post by vinceguidry » Thu, Jun 23, 2016, 4:40 PM UTC

reustle wrote: post #5

> Kathan told BetaKit that the “incredible difficulty” of acquiring senior-level talent in Toronto As some companies are (finally) starting to realize, there are incredibly talented people all over the world, who are not within 1.5 hours of your office. Allowing them to work remotely opens your company up to a much higher caliber of talent for the same, if not lower, cost. The tools are out there now and they work we…

Post by notacynic » Thu, Jun 23, 2016, 4:42 PM UTC

Post by p4wnc6 » Thu, Jun 23, 2016, 4:44 PM UTC

johan_larson wrote: post #36

jacques_chester wrote: post #18

> to achieve our vision for Joist, we need the best talent in the world This is a standard mantra of startup lore, but if I put on my nitpicking hat, is it strictly true? I mean we're not talking about the Manhattan Project here. Plus it's not as though there isn't intensely fierce competition for talent in the valley. Just because a lot of talented people are there, doesn't mean you'll get to hire them. The "best ta…

The question to ask anyone who claims they only hire the best is, "How do you make sure of that?" They should have an answer, and it needs to be a good one.