451–460 of 531 posts
I'm impacted. And it sucks. It sucks because I really liked the company. I liked the culture. I liked the leadership style. I liked the mission. I genuinely think that company is doing good for the world, and making money in the process. The challenge now is that the leadership have burned a lot of trust with the employees. They repeatedly said no more layoffs were coming, but with this move they all benefitted finan…
I'm impacted. And it sucks. It sucks because I really liked the company. I liked the culture. I liked the leadership style. I liked the mission. I genuinely think that company is doing good for the world, and making money in the process. The challenge now is that the leadership have burned a lot of trust with the employees. They repeatedly said no more layoffs were coming, but with this move they all benefitted finan…
I'm sorry for you. The CEOs / Executives are literally appointed by the board who in turn are voted in by shareholders. It is their job to increase the share price. The world is better of with efficient capital deployment. So, I don't understand how the smartest people in this world don't understand the fundamental working of capital markets. Note: it's the same shareholders that have allowed to get $200-$300k TCs wh…
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.…
Is there evidence of this now?
What I see is a small fraction of the open roles I'm used to seeing.
Compensation, on the other hand, is the same at these big companies. If not even higher than it was a couple years ago.
I'm impacted. And it sucks. It sucks because I really liked the company. I liked the culture. I liked the leadership style. I liked the mission. I genuinely think that company is doing good for the world, and making money in the process. The challenge now is that the leadership have burned a lot of trust with the employees. They repeatedly said no more layoffs were coming, but with this move they all benefitted finan…
I'm sorry for you. The CEOs / Executives are literally appointed by the board who in turn are voted in by shareholders. It is their job to increase the share price. The world is better of with efficient capital deployment. So, I don't understand how the smartest people in this world don't understand the fundamental working of capital markets. Note: it's the same shareholders that have allowed to get $200-$300k TCs wh…
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> It is literally impossible for them to run out of money Musk has reminded me that even billionaires are one accidentally legally binding agreement away from pissing away $40B
But he's still a billionaire! There is no tangible difference between being worth $1B and $100B beyond social cachet. It is impossible to spend meaningful money at that level.
I'm impacted. And it sucks. It sucks because I really liked the company. I liked the culture. I liked the leadership style. I liked the mission. I genuinely think that company is doing good for the world, and making money in the process. The challenge now is that the leadership have burned a lot of trust with the employees. They repeatedly said no more layoffs were coming, but with this move they all benefitted finan…
I was around for layoffs last year and I found it very surprising that nobody made more noise about the fact that executives never shared the hard numbers they used to make their layoff decisions. I'll be very curious to hear chatter over the coming weeks around how they rationalize these layoffs.
If nothing else, stock prices tell a pretty cynical story.
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Well then Shopify should have better communicated and be better prepared, plus give the candidate enough time to recover from the flight. Bad form from Shopify if true...
They probably should do this, but if they have enough applicants for the job, this sort of "difficulty" itself is probably a useful filter to weed out those who can't put up with the pain. That it is unpleasant for the potential hire doesn't really say much about the interests of Shopify. For senior engineers this probably is a bad strategy, but maybe not for entry-level or intermediate engineer who they will push ar…
If that's a useful thing for your software development company to do, it is a bad place to work and it should work to improve it.
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I didn't feel compelled to share anything I didn't want to share. I really felt free to frame it in a way that I was comfortable with. It's as much a "career story" as a "life story", IIRC.
My “career story” is already nice and curated for you. It’s called a resume.
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That isn't what passive voice means. From https://en.wikipedia.org/wiki/Passive_voice : For example, in the passive sentence "The tree was pulled down", the subject (the tree) denotes the patient rather than the agent of the action. In contrast, the sentences "Someone pulled down the tree" and "The tree is down" are active sentences.
Thanks, E. B. White. The parent poster meant that the tone was passive, and I think everyone understood that.
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> Shopify will be smaller by about 20% So are they going to fire 20% of the C-suite and upper management as well? :)
C-Suite are appointed by the Board. If the board thinks they are not doing their job, they will be fired. How is it not difficult to understand for a self-appointed smart crowd?