Earlier quoted context omitted.
My “career story” is already nice and curated for you. It’s called a resume.
Seems like they let's candidates filter themselves. Win win
No shit. Every company “lets” candidates filter themselves
Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
461–470 of 531 posts
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#462Earlier quoted context omitted.
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…
Yes, the first thing I tell someone laid off is that the world is better off with efficient capital deployment. They should know better and not have any emotional reaction. It’s purely logical after all. The CEO should have put that in the letter.
Then he should stop ranting about Executive pays.
You can't have it both ways. Start misinformation about how capital markets work and not expect to be corrected.
HN is a discussion forum. If an incorrect fact or misguided opinion is shared, it will be debated.
I'm sympathetic to OP, but I also understand the dangers of misinformation and the resulting brainwashing of anti-capitalistic movement it causes and I will protect capitalism.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#463Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#464Earlier quoted context omitted.
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…
Yes, the first thing I tell someone laid off is that the world is better off with efficient capital deployment. They should know better and not have any emotional reaction. It’s purely logical after all. The CEO should have put that in the letter.
I'm sure you'll use the same logic when a coal worker is fired, right?
The hypocrisy is mind-boggling.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#465Earlier quoted context omitted.
Yes, the first thing I tell someone laid off is that the world is better off with efficient capital deployment. They should know better and not have any emotional reaction. It’s purely logical after all. The CEO should have put that in the letter.
Then he should stop ranting about Executive pays. You can't have it both ways. Start misinformation about how capital markets work and not expect to be corrected. HN is a discussion forum. If an incorrect fact or misguided opinion is shared, it will be debated. I'm sympathetic to OP, but I also understand the dangers of misinformation and the resulting brainwashing of anti-capitalistic movement it causes and I will p…
and I will protect capitalism.
Truly the hero capitalism deserves.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#466Earlier quoted context omitted.
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?
Shopify is a bit weird in that the CEO Tobi has controlling shares in the company. Short of embezzlement or intentionally destructive behavior he's effectively unaccountable to anyone but his own stock portfolio.
Important to note, Tobi's controlling share was voted upon.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#467I've seen little evidence that a company can thrive after 20% workforce cuts. Whatever successes Shopify has had, it's safe to say those days are done.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#468Earlier quoted context omitted.
The CEO's job is to deliver results, not maintain full employment. Companies exist, and have always existed, to be temporary money-making enterprises. Acting like they are civil institutions tasked with upholding the social fabric is absurd.
But why did the CEO hire all these useless people in the first place if they are so competent? Why did it take until now to fire them?
The CEO isn't an all knowing entity. It's possible they made a judgement call and were wrong.
Would you prefer that companies be absolutely sure before they hire anyone to ensure layoffs never happen? It seems like the end result would be less hiring / more people without work.
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#469I'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…
Same here, and I totally agree.
This was a job I looked forward to each morning. It was just a fun place to work full of talented people and a great culture. There were exciting projects in the works and I wanted to keep being a part of them. My time was cut short and it's disappointing to say the least.
They tried to hire people who care and that showed in the daily interactions. It's in stark contrast to today's actions and I won't be so trusting again.
Best of luck to you!
Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics
#470Earlier quoted context omitted.
Then he should stop ranting about Executive pays. You can't have it both ways. Start misinformation about how capital markets work and not expect to be corrected. HN is a discussion forum. If an incorrect fact or misguided opinion is shared, it will be debated. I'm sympathetic to OP, but I also understand the dangers of misinformation and the resulting brainwashing of anti-capitalistic movement it causes and I will p…
and I will protect capitalism. Truly the hero capitalism deserves.
I lived in a country which had
democracy + socialism
democracy + capitalism.
One period marked poverty, child mortality, While the other marked good standard of living and reduced child mortality.
I'll let you guess and pick the confounding variable from the equation. That's the advantage of independent thinking vs brainwashed-by-liberal-universities (and thank god I didn't study in some brainwashed liberal university)