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Why is every layoff 10-15%?

blog.eladgil.com

91–100 of 263 posts

Re: Why is every layoff 10-15%?

#91
post #53

Earlier quoted context omitted.

> but many CEOs will tend to believe that things will go better with everyone back in the office Many of us SWEs believe the same!

Everyone in the office? Really? All the time?

No, only when you're not stuck in traffic

Re: Why is every layoff 10-15%?

#92
post #85

Earlier quoted context omitted.

Yeah, Twitter is basically a running case study in what not to do when it comes to acquiring a company successfully, and can't be held up as anything other than "what happens when you do everything wrong". Certainly, it's not a useful example for others, even as a warning, because you can't easily tell what bad actions led to what bad consequences; there are so many of both.

Success might be difficult to define. If this produces the results that are desired by Elon and the investors then it's probably a success from their perspective. I worry if that's the case, it'll be like all the buy out, chop up, and liquidate value takeovers they made movies about.

Elon Musk took on significant debt (i.e. interest payments) when he acquired Twitter, and Twitter was already losing money when he did.

It will take significantly more than just liquidating Twitter's assets for him to succeed, he essentially needs to turn Twitter into successful company.

Re: Why is every layoff 10-15%?

#93

Earlier quoted context omitted.

He seems to be writing for CEOs. Reading further he seems to figure that CEOs will be able to reassert control of employees by forcing them back to the office since employees are not going to be able to easily jump ship for another job. As CEO now is your opportunity to rethink remote work. You may decide you want to continue as is, or you may want to make changes. You have an opportunity to act. Not that returning t…

> but many CEOs will tend to believe that things will go better with everyone back in the office Many of us SWEs believe the same!

SWEs that want to force everyone back to office have no life or a personality outside of their job.

Re: Why is every layoff 10-15%?

#94
post #62

Earlier quoted context omitted.

> but many CEOs will tend to believe that things will go better with everyone back in the office Many of us SWEs believe the same!

Many or a few? Most software engineers find themselves most effective in work from home. This breaks in favor at 3:4 or higher. The software engineers that want to work in office are the odd-balls. I am interested in the break down when one factors in whatever concept of '10x developers' -- which do the most productive of us prefer?

For me it would be more of a toss-up if software engineers generally actually worked in real individual "offices" (like we used to, as a 49 year old I still remember the before-times).

But when compared to the modern nearly-universal open office plan... yeah there's no doubt I'd much rather work from home as often as possible, and based on my experience in both environments I'll be far more productive doing the job from home. Everyone's mileage may vary.

Re: Why is every layoff 10-15%?

#95
post #13

> Remote work > Anticipate more mid-size and smaller companies will go back more fully into the office as times get tougher. This will not be one size fits all, but will be an increasing trend. Up to this point in the article, whether you agree or disagree with the points, the author offers some arguments and reasoning supporting each. Here, they simply assert that small and mid-size companies will go into the office…

For our ~200 person company, remote has been more expensive than an office in the financial district, sf, fwiw. Cost of travel for team get togethers/offsites for a distributed team is expensive.

Re: Why is every layoff 10-15%?

#96

Earlier quoted context omitted.

because twitter's own execs and HR had their say https://mobile.twitter.com/RichardHanania/status/15911538663...

That has no bearing whatsoever? That link itself says "Mr. Musk's team brushed aside the suggestion", meaning that didn't effect who was let go, but -even if it did-, it still would have no bearing, since regardless of who made the decision, or for why, the fact they're being sought after to be rehired so soon means your initial statement "nobody is firing productive workers" is false. Someone fired workers who were…

it does however suggest that some people might have been fired for reasons other than merit

Re: Why is every layoff 10-15%?

#97
post #7

Decimation is a concept going back to ancient times. The Romans would punish units by having every 10th soldier killed by his fellow legionnaires. It’s a number big enough to reduce cost and create fear but not enough to cause panic.

It pays to be a 10x legionnaire.

Re: Why is every layoff 10-15%?

#98
post #13

> Remote work > Anticipate more mid-size and smaller companies will go back more fully into the office as times get tougher. This will not be one size fits all, but will be an increasing trend. Up to this point in the article, whether you agree or disagree with the points, the author offers some arguments and reasoning supporting each. Here, they simply assert that small and mid-size companies will go into the office…

Companies will require RTO because it makes employees more productive. I've worked at one small and one large company during the pandemic involuntary WFH. In both cases productivity was noticeably worse, most especially for new employees onboarding remotely. I think WFH a couple days a week makes me more productive due to focus, but I'm unproductive and miserable now when none of my teammates ever come in. We're laug…

You can't measure productivity during the pandemic and assume it speaks for work from home in general. There were a lot of things about the pandemic that caused a reduction in productivity that had nothing to do with whether or not workers were in an office.

Also consider that productivity might be best with employees choosing their office schedule. Some might be more productive in the office five days a week, others zero... and the majority will probably be somewhere in between, spending some days at home and some days in the office.

Bottom line, though: the pandemic is not a good time to measure productivity for any reason, and consider it representative of the norm.

Re: Why is every layoff 10-15%?

#99
post #13

> Remote work > Anticipate more mid-size and smaller companies will go back more fully into the office as times get tougher. This will not be one size fits all, but will be an increasing trend. Up to this point in the article, whether you agree or disagree with the points, the author offers some arguments and reasoning supporting each. Here, they simply assert that small and mid-size companies will go into the office…

The cost of office space for tech employees rarely exceeds 5% of pay (for high-paid tech workers).

It's not as expensive as you might first expect.

To the people who actually go into the office, it's probably well worth it.

Re: Why is every layoff 10-15%?

#100
post #90

10–15% is about the maximum amount of dead-weight employees (the kind who don't have the skills to perform the job-role they're hired for, who were hired due to favoritism, bribes, blackmail, or pure hiring-process "throw a dart" laziness) you can have on a corporate balance sheet before the aggregate lack of expected productivity per OpEx dollar starts to be suspicious. The further below this limit a company is oper…

It seems to me unlikely that they both couldn’t tell who was performing in normal times and then find them with surgical precision while panicking.
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