Earlier quoted context omitted.
I am absolutely for decoupling healthcare from employment (via universal care), and for mandated severance. However, there's a reason that so many - I'll pick on Germany here - German tech leaders move to the US. When firing employees becomes too hard, hiring is risky, giving people broad latitude is risky, and compensation suffers because high comp is risky. If you're a very capable software engineer, it's better to…
> When firing employees becomes too hard, hiring is risky, giving people broad latitude is risky, and compensation suffers because high comp is risky. I don't follow this conclusion at all.
Cloudflare lays off new hires
81–90 of 276 posts
Re: Cloudflare lays off new hires
#82Earlier quoted context omitted.
These things you mention are honestly more examples of fabricated concepts. Are you a religious person by chance?
> These things you mention are honestly more examples of fabricated concepts. Are you a religious person by chance? If you are trying to insult me, you should stop that behavior.
Re: Cloudflare lays off new hires
#83Possibly stupid question - why are so many companies laying off? According to Wallstreet, the majority of the recession scare isn't a scare. Inflation, while not fully at target, is getting better. Unemployment is at an all time low. So many companies are laying off like it's the worst times ahead. Obviously layoffs aren't taken lightly so there must be some internal signals that really push them to take these measur…
I'm also interested in the responses to your questions, but I would ask something else: are non-tech companies also doing layoffs? I'm not in the US so I'm not really up to date to that.
Re: Cloudflare lays off new hires
#84What matters here is trust. I'm glad she posted the video because it really sheds a light on awful corporate American Big Tech practices. Everyone who is considering working at Cloudflare or similar in the future will see how they treated her, and let that factor into their own decisions.
And I see some sexist comments about her being "emotional." If I were in the same position, I'd be pretty fucking pissed off too. I think she has every right to be angry, and these faceless corporate drones feeding her an empty list of platitudes make it worse.
Edit: my comment is in response to the Tiktok video, which isn't directly linked: https://www.tiktok.com/@brittanypeachhh/video/73223013131344...
Re: Cloudflare lays off new hires
#85Possibly stupid question - why are so many companies laying off? According to Wallstreet, the majority of the recession scare isn't a scare. Inflation, while not fully at target, is getting better. Unemployment is at an all time low. So many companies are laying off like it's the worst times ahead. Obviously layoffs aren't taken lightly so there must be some internal signals that really push them to take these measur…
- Investors pressuring for profits, cut costs (too many people hired during Covid, total salary bill too big to justify right now). One company does it, other companies may be pressured to drive up stock prices
- Money is expensive, - Section 174 possibly, companies can't write off entire salaries for engineers as easily to offset revenue, corporate tax bill increases. It was apparently an unexpected (people didn't expect it to pass) tax bill from 2017 that came into effect in 2022(or 23, idk)
- The sudden increase in layoffs this week could be due to a backlog over past month+ as a layoff in January looks less bad vs a layoff in December (holidays)
- Companies following the lead of other companies (CEOs not thinking for themselves, just looking at what others are doing) -- I don't think this holds, previous points make more sense
Most companies never state real motive, besides (now considered meme responses on HN?) like "we/I take full responsibility", overly generic "we over hired", or "due to (macro)economic conditions". So as far as I've seen it's mainly people guessing at the reasons.
Re: Cloudflare lays off new hires
#86Possibly stupid question - why are so many companies laying off? According to Wallstreet, the majority of the recession scare isn't a scare. Inflation, while not fully at target, is getting better. Unemployment is at an all time low. So many companies are laying off like it's the worst times ahead. Obviously layoffs aren't taken lightly so there must be some internal signals that really push them to take these measur…
Re: Cloudflare lays off new hires
#87This seems to be consistent to what was mentioned last year ( May 2023 ) on investor day. https://softwarestackinvesting.com/cloudflare-net-q2-2023-ea... section: profitability The idea, a year ago, was to replace underperformers in sales by average performers, this impacted ~ 100 people early 2023. Fast forward today, this seems to impact those that were expecting to reach average sales, they probably were also unde…
Re: Cloudflare lays off new hires
#88Plenty of these on LI today unfortunately. https://www.linkedin.com/posts/skoroleva_opentowork-techsale... https://twitter.com/BowTiedPassport/status/17451497589921956...
Yikes on that second link, I seriously hope she told them she was recording the call or she may run into some two-party consent issues.
Re: Cloudflare lays off new hires
#89Possibly stupid question - why are so many companies laying off? According to Wallstreet, the majority of the recession scare isn't a scare. Inflation, while not fully at target, is getting better. Unemployment is at an all time low. So many companies are laying off like it's the worst times ahead. Obviously layoffs aren't taken lightly so there must be some internal signals that really push them to take these measur…
I'm also interested in the responses to your questions, but I would ask something else: are non-tech companies also doing layoffs? I'm not in the US so I'm not really up to date to that.
However discussions about the economy's health become particularly politicaly charged during an election year. So any conversation about the state of the economy, whether it's perceived as good or bad, inevitably carries political implications in this context.
Edit: it is not Dominos it is Pizza Hut https://www.sfgate.com/food/article/pizza-hut-drivers-layoff...
Re: Cloudflare lays off new hires
#90Possibly stupid question - why are so many companies laying off? According to Wallstreet, the majority of the recession scare isn't a scare. Inflation, while not fully at target, is getting better. Unemployment is at an all time low. So many companies are laying off like it's the worst times ahead. Obviously layoffs aren't taken lightly so there must be some internal signals that really push them to take these measur…
In my bigcorp I observe a pivot toward a sustainable pace of growth and significantly tighter scrutiny on costs and efficiency despite working in a growing area of the business.