531–540 of 717 posts
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Oracle is also doing layoffs today and would somewhat be in the stable class. It’s just like nature it just is. Think the thing to do is just take Larry Ellisons advice and GTFM.
Guide to financial management?
An [invented] Larry Ellison quote from "The Dropout", the Elizabeth Holmes Theranos TV mini-series funded by Hulu.
The truth is that a majority of tech companies don't need 50%+ of their employees. Google could lay off vast swathes tomorrow and be immensely more profitable without any loss in revenue. The 2010s will be remembered as the golden era for tech employment. The second we start getting industry wide layoffs, the insanely high wage inflation we've seen will kick into reverse much faster than you probably believe possible…
A lot of Robin Hood's growth in particular was driven by people gambling their stimulus money because they didn't need it to make ends meet, and by the Fed juicing the markets with low rates for far too long, and by the ridiculous meme stock phenomenon. It was a perfect storm of stupidity. Personally I'm glad that some sanity is returning to investing, and we are still a long way from getting back to normal.
People stuck at home, with extra spending money, and a desire for internet points, caused your deviation from normality in investing.
* unmute microphone * "thats bull shit you took 800m in compensation last year" * get fired without severance * feel really good
"Last year, we staffed many of our operations functions under the assumption that the heightened retail engagement we had been seeing with the stock and crypto markets in the COVID era would persist into 2022..." We are now at the point when we will find out which of the changes to behavior (financial and otherwise) that came about with the onset of the covid-19 pandemic are going to be lasting, and which are not. I…
I think people are going to be more tech focused as a result of the pandemic. I notice that the majority of my meetings, even mundane meetings, are virtual rather than face-to-face for example. The big difference that is happening currently is inflation, recession fears, and fear among the general public about financial turmoil. The entire situation has been very poorly handled by governments and institutions around…
The truth is that a majority of tech companies don't need 50%+ of their employees. Google could lay off vast swathes tomorrow and be immensely more profitable without any loss in revenue. The 2010s will be remembered as the golden era for tech employment. The second we start getting industry wide layoffs, the insanely high wage inflation we've seen will kick into reverse much faster than you probably believe possible…
> I approved and took responsibility for our ambitious staffing trajectory—this is on me It's all well and good to say that, but what has he actually done to take responsibility?
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> The truth is that a majority of tech companies don't need 50%+ of their employees. Totally agree. The problem is, nobody knows how to tell which ones. On the ground it's obvious. I'm sure everyone here knows who on their team is crucial to their current production stack, and also knows others who would have no impact (or even positive impact!) if they left. One level up - the direct EM - has most of that context to…
No heuristic is perfect, but it's fairly easy to quantify empirically from activity/records. Developers who are productive (actually write and ship large amounts of quality code) tend to be valuable and those that don't, aren't. That being said there are some intangibles, like morale etc. It's possible there are people that benefit the team while having low personal productivity. But anyway, no need to approach in th…
Earlier quoted context omitted.
Your best engineers are facilitators, not coding monkeys.
Your best engineers are both.
The more people, the less code you'll do.
Software engineering goals is to solve human problems, you can't escape human relation, which eventually means facilitating stuff.
Somehow I feel that all these VC backed firms just add employees for the sake of adding employees. I use Tastyworks - another free online brokerage that it almost at feature parity with Robinhood. They have stocks, options, futures and even some selective crypto. They also make money using PFOF just like Robinhood. However on Linkedin, their employee count is less than 100 (99 to be precise) On the other hand, Robinh…
A startup is designed to grow as fast as possible until they saturate their market.