571–580 of 1001 posts
i'm gonna write this terrible news in all lowercase cause it's super aesthetic. maintain a bit of professionalism for the 4,000 people whose lives i'm throwing into turmoil? i don't think so, i have my shift key taped over so i don't accidentally show respect to anybody
He didn't even write it. There's one phrase where there is a curly apostrophe vs a straight apostrophe. He likely only wrote one single phrase in the entire thing and used AI for the rest of it.
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To be fair X has significantly declined as an experience since Elon laid of 80%. I assume many of those he laid off were soft skill people that helped curate the experience.
As you know, this is a subjective take. (I enjoy my experience there more now, for example, with less social politics in my feed.) And their head of product claimed that X only has around 30 FT employees apparently working on it, so it's much more than 80% since then. https://www.ndtv.com/feature/x-head-of-product-claims-compan...
And don't get me started on the UX. Fucking dumpster fire of an experience. But network effects gonna network effect.
More information: getclera.com/block
Its 100% free
>we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. In my country, this action would be literally illegal. Even in countries where it isn’t, it feels highly immoral. “I’m not in any kind of pressure to do this but I’m choosing to shed the people who created my wealth for greater…
?
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Re: over hiring I haven't worked for a large company for a long time but the last place I was my VP pushed us to hire 1000 people in one year. Turns out he was an acting VP, and needed to have that number for his formal promotion. Our division got penalised at the end of the year for falling short. By 30+ people. I left before it collapsed and was sold for parts.
wow which company was this?
More information: getclera.com/block It's 100% free for Talents. If you refer a talent we place into a new job, you get 1000 USD.
> i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. Why are companies seeing it purely in terms of "we can work with a smaller team so we must" and not "my existing team can do so much more"?
Their stock price has been flat for like 4 years and they have no advantage in this new AI world that would change that. These layoffs would have happened AI or not.
We'll see how much the AI aspect is true by whether they're thinning out teams equally, or just axing whole initiatives. My impression of Block was that it was mostly a one-trick pony (okay, two if you include CashApp) with a bunch of side initiatives that never seemed to pan out, so I'm expecting it to be more of the latter, with this being more of an admission that they're now in "maintenance mode". Either way, I t…
I'm convinced that these "AI Layoffs" are these companies trying to save face from the absurd overhiring that they did in 2022 and 2023 because apparently they thought that these no-interest loans/free money would just last forever. No one really "knows" how to grow businesses so the easiest way to spend a lot of money quickly is hiring lots of people, whether or not they are "necessary". Then this free money dries u…
This keeps coming up, but the numbers at these companies don't add up. Any given FAANG you can think of (outside of maybe Apple) has had at least 5 rounds of layoffs over the years. But can you point to any of them having a lower headcount? I doubt all those engineers are being redirected towards AI development.
And despite that similar hearcount, it seems all have decrease initiatives over the years too. Meta stepped back from the verse it re-branded under, for instance.
I'm fairly convinced that what's happening is outsourcing initiatives disguides as layoffs for AI efficiencies.
I wrote this, currently at -2 points, a mere 24 hours ago, as a response to simonw unbounded and unwarranted optimism: >>We're three years into the ChatGPT revolution now and so far the main observable impact on the craft that I care about is that I can build more ambitious things. >I think you refuse to extrapolate the obvious consequences and have forgotten (if you ever knew) how it's like to be in trenches. You pu…
The odd thing I find with folks championing AI, and those who have effectively laid themselves off from their own job and now are basically just glorified prompt engineers, is that you're just making yourself obsolete. AI will get better so much faster than you can adapt. One day you're happily vibe coding your 50th app, having other agents do your work for you. The next, you're worse than AI and you're redundant, an…
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The Twitter layoffs being used as proof of _anything_ is misguided no matter what you're trying to say. If success is losing half their revenue, reverting to revenue numbers from a decade ago, I gotta know what failure looks like. You might argue that the revenue losses aren't correlated to their headcount changes and probably make a good argument, but I mean... It's not a great one
I've never seen the motivation behind buying Twitter to have been revenue, or free speech for that matter. Elon wanted a unique content source to train LLMs on and he got it. Whether that proves out as a good training dataset is still up in the air, but I can't imagine he cared about Twitter revenue.