Stripe laying off around 14% of workforce

Post by maerF0x0 » Thu, Nov 03, 2022, 11:52 PM UTC

jacobsenscott wrote: post #766

oblio wrote: post #747

Earlier quoted context omitted.

> I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. Oh, sweet summer children and children of recession free economies for IT. If job openings fall to 10-20-30% of current ones and tens, hundreds of thousands of IT workers are fired, good luck getting hired quickly, when any of the few good remaining job opening has hundreds of good applicants. We'll be back to the days of: Sure, you can…

Can we please retire this "sweet summer child" thing? It is annoying af, rude, and likely never written by anyone over 30.

Post by maerF0x0 » Thu, Nov 03, 2022, 11:59 PM UTC

CTDOCodebases wrote: post #782

rexreed wrote: post #726

Earlier quoted context omitted.

Recruiters are always willing to waste your time especially since their job is to provide their employers options, and besides they need their pay as well. If they aren't recruiting, then they aren't justifying their own salaries. So while you might be getting interview or connection requests, that doesn't correlate to actual hiring.

They mine you CV for info and use that for lead generation.

Post by bradknowles » Fri, Nov 04, 2022, 12:05 AM UTC

jacobsenscott wrote: post #766

oblio wrote: post #747

Earlier quoted context omitted.

> I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. Oh, sweet summer children and children of recession free economies for IT. If job openings fall to 10-20-30% of current ones and tens, hundreds of thousands of IT workers are fired, good luck getting hired quickly, when any of the few good remaining job opening has hundreds of good applicants. We'll be back to the days of: Sure, you can…

Can we please retire this "sweet summer child" thing? It is annoying af, rude, and likely never written by anyone over 30.

Post by sirsinsalot » Fri, Nov 04, 2022, 12:06 AM UTC

bradleyjg wrote: post #795

sirsinsalot wrote: post #753

Earlier quoted context omitted.

I've been a continuously hired coder for 20 years, with zero qualifications, and have never experienced anything but demand even in recession. There's always non FAANG boring crud apps to code.

Your first job would have been at the tail end of the dot com bust. That was a fairly tough time to start. By 04-05 tech was back and has been ever since. Tech didn’t see layoffs, like we are seeing now, in 2008. So you have 1, maybe 2, data points?

Post by b4je7d7wb » Fri, Nov 04, 2022, 12:09 AM UTC

jedberg wrote: post #774

latortuga wrote: post #746

Earlier quoted context omitted.

Unlimited PTO sucks for employees. It isn't the case in every state but some states, including mine, require employers to pay out PTO upon separation. So having unlimited automatically means you get paid out nothing on separation, a bad deal for employees. If you're allowed to take time off, then you have earned it but because of the policy, you don't get to realize the benefit of having earned it upon separation. Un…

> Unlimited PTO also discourages using PTO because nobody wants to be seen as the person taking the most vacation. That depends on the management. I took more vacation at Netflix than anywhere else (where we had unlimited PTO). But the management made a point of talking about their extended vacations and making sure all the VPs took at least a few weeks of vacation every year to set a good example. There was no stigm…