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LinkedIn to cut 960 jobs worldwide

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Re: LinkedIn to cut 960 jobs worldwide

#51

Earlier quoted context omitted.

And they prefer you to be managed by a salesperson over letting you be self-serve as they tie you into a guaranteed spend with them. I spent years trying to untangle us from their managed services, but couldn't as they batched all discounts company wide. I've never worked anywhere where departments shared budgets (even in a 3 person startup, my marketing "budget" was kept separate to other elements, alas the CEO had…

Literally everything your company pays for is out of individual departmental budgets? You can't do internal chargebacks, shared services, or move budget around if needed? I've never worked anywhere w/ the kinda crystal ball required to make rigid dept budgets work year-round, personally.

The barriers for shifting cash around were really high, and only allowed at half ends where it had to be returned centrally and then reallocated based on business case.

Less than a certain amount and you literally couldn't move it out of a department (spend it or lose it) - you could shift it inside the department easily enough, but we as marketing and them as HR couldn't do it.

> the kinda crystal ball required to make rigid dept budgets work year-round

Apart from some mild quarterly reforecasting, you mean you've never had the joy of trying to flight out an entire year's marketing spend at the start of the year before? And then have to justify every "variance" ;)

Re: LinkedIn to cut 960 jobs worldwide

#52
post #11

Earlier quoted context omitted.

I don't think you stay in business long paying folks that ... you don't want / need working for you anymore.

Yeah. But the economies are going to recover right? I don't think a few more months of pay slips for 1000 people is going to make any dent in MS bank account. But it sure makes a dent in the life of people who were let go in the middle of a pandemic. If they were not needed in the first place, then the management who hired them in the first place should be also fired for incompetence and letting them all go in middle…

> If they were not needed in the first place, then the management who hired them in the first place should be also fired for incompetence and letting them all go in middle of a pandemic.

It is unreasonable to expect management to have a crystal ball into the future.

The role of serving as a safety net can only be accomplished by society as a whole, not individual business. Businesses should be able to purchase labor and not purchase labor as they see fit, just like they purchase other supplies for the operation of the business. The role of providing basic income should fall to the government.

Re: LinkedIn to cut 960 jobs worldwide

#53

Earlier quoted context omitted.

Please link this comment in your careers page, under company culture, if you ever start a company.

Businesses earn money by providing goods & services better than alternatives. Charities earn money by begging. I'd rather work for a business.

[deleted]

Re: LinkedIn to cut 960 jobs worldwide

#54

Companies commonly use layoffs as an easy way to get rid of under-performing staff, realize cost savings from previous investments (e.g., automation) ahead of schedule, or efficiently reorganize divisions whose execs fall out of favor. Not going to say this is good, but a However callous it is, roles on the margin get cut when prospects for growth dim.

> a From what I've read, this was standard practice at Microsoft for over a decade.

I think this makes sense during a downturn, but probably wears on morale if it happens every year.

Re: LinkedIn to cut 960 jobs worldwide

#55
post #39

Companies commonly use layoffs as an easy way to get rid of under-performing staff, realize cost savings from previous investments (e.g., automation) ahead of schedule, or efficiently reorganize divisions whose execs fall out of favor. Not going to say this is good, but a However callous it is, roles on the margin get cut when prospects for growth dim.

The issue not being talked about is the removal of the recruiter from remote roles. Those recruiters paid linkedin thousands a year for premium access. Plus the lower jobs posting overall.

What do you mean? The only remote job I have had used a typical recruiter from the company side. I am sure he had a premium subscription. I didn't use a recruiter from my side as I knew someone that worked there.

Re: LinkedIn to cut 960 jobs worldwide

#56

Earlier quoted context omitted.

It’s a business not a charity

Please link this comment in your careers page, under company culture, if you ever start a company.

The Netflix culture deck arguably says that in nicer words.

https://www.slideshare.net/reed2001/culture-1798664/24-Were_...

Re: LinkedIn to cut 960 jobs worldwide

#57
post #37

What the heck do close to 10k people do at LinkedIn? Serious question. Why does this site/company require 10k people?

This article is so damn useful: https://danluu.com/sounds-easy/

> I can't think of a single large software company that doesn't regularly draw internet comments of the form “What do all the employees do? I could build their product myself.” Benjamin Pollack and Jeff Atwood called out people who do that with Stack Overflow. But Stack Overflow is relatively obviously lean, so the general response is something like “oh, sure maybe Stack Overflow is lean, but FooCorp must really be bloated”. And since most people have relatively little visibility into FooCorp, for any given value of FooCorp, that sounds like a plausible statement. After all, what product could possible require hundreds, or even thousands of engineers?

> ...

> Businesses that actually care about turning a profit will spend a lot of time (hence, a lot of engineers) working on optimizing systems, even if an MVP for the system could have been built in a weekend. There's also a wide body of research that's found that decreasing latency has a signifiacnt effect on revenue over a pretty wide range of latencies for some businesses. Increasing performance also has the benefit of reducing costs. Businesses should keep adding engineers to work on optimization until the cost of adding an engineer equals the revenue gain plus the cost savings at the margin. This is often many more engineers than people realize.

> And that's just performance. Features also matter: when I talk to engineers working on basically any product at any company, they'll often find that there are seemingly trivial individual features that can add integer percentage points to revenue. Just as with performance, people underestimate how many engineers you can add to a product before engineers stop paying for themselves.

> Additionally, features are often much more complex than outsiders realize. If we look at search, how do we make sure that different forms of dates and phone numbers give the same results? How about internationalization? Each language has unique quirks that have to be accounted for. In french, “l'foo” should often match “un foo” and vice versa, but American search engines from the 90s didn't actually handle that correctly. How about tokenizing Chinese queries, where words don't have spaces between them, and sentences don't have unique tokenizations? How about Japanese, where queries can easily contain four different alphabets? How about handling Arabic, which is mostly read right-to-left, except for the bits that are read left-to-right? And that's not even the most complicated part of handling Arabic! It's fine to ignore this stuff for a weekend-project MVP, but ignoring it in a real business means ignoring the majority of the market! Some of these are handled ok by open source projects, but many of the problems involve open research problems.

> There's also security! If you don't “bloat” your company by hiring security people, you'll end up like hotmail or yahoo, where your product is better known for how often it's hacked than for any of its other features.

> Everything we've looked at so far is a technical problem. Compared to organizational problems, technical problems are straightforward. Distributed systems are considered hard because real systems might drop something like 0.1% of messages, corrupt an even smaller percentage of messages, and see latencies in the microsecond to millisecond range. When I talk to higher-ups and compare what they think they're saying to what my coworkers think they're saying, I find that the rate of lost messages is well over 50%, every message gets corrupted, and latency can be months or years1. When people imagine how long it should take to build something, they're often imagining a team that works perfectly and spends 100% of its time coding. But that's impossible to scale up. The question isn't whether or not there will inefficiencies, but how much inefficiency. A company that could eliminate organizational inefficiency would be a larger innovation than any tech startup, ever. But when doing the math on how many employees a company “should” have, people usually assume that the company is an efficient organization.

Re: LinkedIn to cut 960 jobs worldwide

#58
post #39

Companies commonly use layoffs as an easy way to get rid of under-performing staff, realize cost savings from previous investments (e.g., automation) ahead of schedule, or efficiently reorganize divisions whose execs fall out of favor. Not going to say this is good, but a However callous it is, roles on the margin get cut when prospects for growth dim.

The issue not being talked about is the removal of the recruiter from remote roles. Those recruiters paid linkedin thousands a year for premium access. Plus the lower jobs posting overall.

> removal of the recruiter from remote roles

What does this mean? What issue is this?

Re: LinkedIn to cut 960 jobs worldwide

#59
post #37

What the heck do close to 10k people do at LinkedIn? Serious question. Why does this site/company require 10k people?

This question comes up on every post about a big tech company. LinkedIn in a global company operating commercially in probably almost every country. The "social network for work" part is easy but when you start talking about things like job listings across the world and then the sales and account management and local office management and compliance and the internal tools and billing and everything else, it's quite easy to get to 10k.

I wouldn't be surprised if they have 1000 people in the US just dedicated to sales & account management for the job listings.

Re: LinkedIn to cut 960 jobs worldwide

#60
post #37

What the heck do close to 10k people do at LinkedIn? Serious question. Why does this site/company require 10k people?

you don't think $7B of revenue in 2019 merits 10k people? Do you think you can run that size of a business with 500?

Yes you can. Look at Craigslist or POF.com for examples. But I also forgot that LI owns Lynda.com, so there are a lot of redundancies over there.
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