Live data from Hacker News

Tell HN: Confluent laying off 8% of staff

news.ycombinator.com

91–100 of 329 posts

Re: Tell HN: Confluent laying off 8% of staff

#91
post #23
post #3

The real question is: does the CEO take full responsibility?

I mean, it’s a funny joke. But this attitude only upsets people who thought jobs were not transactional. Kind of reminds me of stories by people who paid for sex and found out the sex worker didn’t want to cuddle afterwards.

The problem isn't that CEOs don't get punished. The problem is when they virtue signal with "I'm sowwy " and claim responsibility without accepting accountability.

Re: Tell HN: Confluent laying off 8% of staff

#92
post #85
post #74

Earlier quoted context omitted.

Is it inconceivable that layoffs are the right choice for a business?

It's not inconceivable, but it's weird that everybody is doing it at the same time even when the company is perfectly healthy.

patagonia see, patagonia do. I blame the boards.

Re: Tell HN: Confluent laying off 8% of staff

#93
post #24

I really get the feeling that many companies are just blindly doing whatever other companies do. One starts large layoffs, and suddenly everybody is doing it. At other times, when one goes on a hiring spree, they all go. One tries to reduce salaries, they all do. One pays enormous bonuses, and they all do. It's like CEOs aren't really thinking for themselves, just copying whatever the market does.

Is there any chance that we're dealing with a form of confirmation bias? In an economy as large as the US's there will always be companies laying off workers. Current unemployment is low so I'm not sure if there's any major, new trend other than reporting it on HN.

Re: Tell HN: Confluent laying off 8% of staff

#94
post #24

I really get the feeling that many companies are just blindly doing whatever other companies do. One starts large layoffs, and suddenly everybody is doing it. At other times, when one goes on a hiring spree, they all go. One tries to reduce salaries, they all do. One pays enormous bonuses, and they all do. It's like CEOs aren't really thinking for themselves, just copying whatever the market does.

There's a lot of performance in hiring and firing, even outside a supposed 'recession' CEO's are rewarded for 'cutting the fat' through firing via stock bumps because at the very least it's going to temporarily cut some costs in a very surface level analysis. Couple that with the constant recession talk that never seems to materialize and boards and shareholders are looking at companies thinking they need to trim down some for the recession that's seemingly been just around the bend for a whole year now.

Re: Tell HN: Confluent laying off 8% of staff

#95

Earlier quoted context omitted.

I don’t get this mentality. From a meta level, Confluent isn’t profitable. In this environment, what would you have Confluent to do? The second point, a job is always transactional, you exchange labor for money and at any given time, either party can stop that transaction Also, if you are a tech person in any major city in the US, you are more than likely making at least twice the median wage in that city. If others…

should be able to save enough to weather a brief storm is a huge assumption. What do you do if you have dependents or complex medical needs personally? What happens if you have a personal emergency during your job search? What do you do if you have existing debt from a previous emergency, medical crisis, etc?

> What do you do if you have dependents or complex medical needs personally

You get COBRA through your former employer. Been there done that. I had a pre-existing condition that I couldn’t get health insurance individually (pre-ACA)

> What happens if you have a personal emergency during your job search? What do you do if you have existing debt from a previous emergency, medical crisis, etc?

You talk to the people and make arrangements or you just don’t pay them until you can afford to. Your priority becomes house, food, shelter, car.

How do you think people making much less than tech workers handle it?

Re: Tell HN: Confluent laying off 8% of staff

#96
post #24

I really get the feeling that many companies are just blindly doing whatever other companies do. One starts large layoffs, and suddenly everybody is doing it. At other times, when one goes on a hiring spree, they all go. One tries to reduce salaries, they all do. One pays enormous bonuses, and they all do. It's like CEOs aren't really thinking for themselves, just copying whatever the market does.

I get why public companies like google, meta or even confluent is doing layoffs when the stock price falls 50-75%, the employees are unhappy and the shareholders are unhappy. Layoffs is a way to tell shareholders that the leadership is doing something to curb the costs and try to increase profit. But there are also pre-ipo private companies laying people off, that part I don't quite understand, since they have no shareholder pressure.

Re: Tell HN: Confluent laying off 8% of staff

#97
post #91
post #23

Earlier quoted context omitted.

I mean, it’s a funny joke. But this attitude only upsets people who thought jobs were not transactional. Kind of reminds me of stories by people who paid for sex and found out the sex worker didn’t want to cuddle afterwards.

The problem isn't that CEOs don't get punished. The problem is when they virtue signal with "I'm sowwy " and claim responsibility without accepting accountability.

That's the defined procedure though, without that, you draw more attention. There is a clearly defined playbook at this point, and it WORKS, so why go making up your own words when they just wanna hear the song?

Re: Tell HN: Confluent laying off 8% of staff

#98

Earlier quoted context omitted.

> But this attitude only upsets people who thought jobs were not transactional It's entirely possible to believe your job is transactional while expecting accountability for all underperforming colleagues, at all levels. Rather than just the rank-and-file.

This is why it is important to fire people who push regressions to production. Accountability is important!

Maybe? Depends on the severity of the regression, how much it cost, whether there was negligence or carelessness involved etc. And arguably you'd first fire the person who set up a process that allows regressions to be pushed to prod so easily.

Underperformance is not a single mistake. It's a pattern of behaviors that compound.

Re: Tell HN: Confluent laying off 8% of staff

#99
post #74

Earlier quoted context omitted.

Is it inconceivable that layoffs are the right choice for a business?

Yes. They never are. A recent study investigated this and neither stock price nor productivity nor profitability improved. All mass layoffs do is crater employee morale. And yes, it's a "others are jumping into the lake with their clothes on, let's get our brooks brothers shirts wet, too" thing without any rational cogitation involved..

Do you have a link to that study would like to share that with someone.

Re: Tell HN: Confluent laying off 8% of staff

#100
post #24

I really get the feeling that many companies are just blindly doing whatever other companies do. One starts large layoffs, and suddenly everybody is doing it. At other times, when one goes on a hiring spree, they all go. One tries to reduce salaries, they all do. One pays enormous bonuses, and they all do. It's like CEOs aren't really thinking for themselves, just copying whatever the market does.

Indeed.

- FAANG started to offer free drinks in the office? Every startup begins to do the same

- Agile coaches are hired at FAANG? Every damn startup needs their own Agile coaches as well

- "Think customer first" was coined by... and then every startup made it its core value

- Staff, Principal, VP engineer levels are introduced at FAANG... you know the drill

- Microservices...

Every tech company out there dies to be Google or Facebook or Apple. They will copy every single thing from them.

Post reply on HN