Dropbox announces 20% global workforce reduction

Post by [deleted] » Wed, Oct 30, 2024, 6:37 PM UTC

keybored wrote: post #455

csallen wrote: post #385

Earlier quoted context omitted.

People enjoy having a purpose and a mission in life. Leading a team of people that you put together, in order to improve a project you started, and knowing that doing so will improve both your lives and theirs, is incredibly fulfilling. Even if the day-to-day is full of hardships. In fact, working to overcome hardship is one of the primary source of meaning in life. Kids are another example. They're expensive, they'r…

Dreaming of winning the lottery and Going On Permanent Yacht Vacation is precisely the difference between being a worn out low-level worker and being a high-level executive who has all their needs met (or at least has the resources to have them met). With the latter you can have enough resources for you next ten generations and still go to work and optimize shareholder profits while thinking to yourself that you are…

Post by alephnerd » Wed, Oct 30, 2024, 6:37 PM UTC

mrthrowaway999 wrote: post #611

staunton wrote: post #597

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Let's keep trying. What learning opportunities do you see in the details here?

Just off the top of my head: every engineer should have 6+ months of savings. Market isn't great but our salaries can help build those savings easy. If I had more time, I would love to understand the fss market better and also what impact ai is having there. I don't see a Q3 earnings report from Dropbox, but as others have pointed out in other comments, Dropbox seems to have been doing fine financially.

Post by rsanek » Wed, Oct 30, 2024, 6:38 PM UTC

hankman86 wrote: post #463

The uncomfortable truth is that pretty much any business can cut staff by 20% without impacting overall performance. Provided that you manage to weed out the tail end of the performance bell curve that is. Most of the time, reducing staff is a healthy move for the business and the impacted employees. The company will not only save cost, but strengthen its culture of high performance. And under-achieving employees are…

Post by draw_down » Wed, Oct 30, 2024, 6:40 PM UTC

hn_throwaway_99 wrote: post #645

AdmiralAsshat wrote: post #466

Remember how there used to be a blog (or maybe it was a Tumblr, I forget) that documented every "Our incredible journey" post that inevitably announced the start-up's closure? I think we need another one for "An update from ", as this has seemingly become the standard subject to use when you're announcing layoffs or data breaches. I saw an identical headline earlier today from Sony announcing a studio closure: https:…

I always think it's a bit weird how people put so much effort and angst into (over)analyzing the language that execs use in layoff announcements in the first place. It's a layoff. Yeah, it sucks, and no matter what the CEO says people will be pissed. Better to just take the same good advice as when starting a new relationship: "Just ignore everything they say, and only consider what they do ." I.e. is the severance p…

Post by silisili » Wed, Oct 30, 2024, 6:41 PM UTC

dixie_land wrote: post #578

wbl wrote: post #564

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Avoid lifestyle creep! I have to say I'm bad at this myself: somehow it all adds up, while each individual expense doesn't look so bad.

Exactly, I feel a lot of my coworkers fell under this trap: if you need cashflow for mortgage on your 4m mansion in (affluent neighborhood), you can't really afford it.