Blind TL;DR Edition No. 46: Week Ended Sept. 23, 2022
Blind TL;DR helps you stay on top of what shaped the tech industry this week in about 3 minutes. Keep tabs on the latest with insights straight from the newsmakers—technologists like you.
Quiet layoffs
Meta wants to cut expenses by at least 10%, starting with staff—just don’t call it a layoff. The metaverse company has ramped up department reorganizations. The move requires some employees whose positions have become redundant to find another job at the company in 30 days or risk getting laid off.
Find out how hard it is to find another job within Meta on Blind.
Not really a tech company
The real estate company Compass looks to be admitting it isn’t a tech company. The company may have laid off as many as 800 people from its product and engineering teams. The layoffs hit other groups but were primarily focused on the technology team.
Cleaning up the books
Instacart really wants its upcoming IPO to do well. The grocery delivery app has slowed hiring, cut staff, and reduced spending to help show that it can one day make a profit. According to some reports, the company has fired more than 3,000 people after its last performance review cycle.
Get the details on the stealth layoffs.
Are you mad?
Engineers at Amazon aren’t happy, and the CEO wants to do something about it. The internet giant created a new team to help break down the bureaucracy and make the company more efficient with code automation, better developer tools and new safety infrastructure.
Learn more about the changes on Blind.
Be confident
The U.K. is reviewing Microsoft’s decision to buy Activision Blizzard for $69 million. Despite the regulatory review of the acquisition, Microsoft believes they’ll be able to complete the deal for the Call of Duty maker. Why you should care: Microsoft will become the world’s third-largest video game company if the purchase goes through.
Join the debate and see if it’s a good time to join Activision.
Got a gap?
Most companies don’t like to take risks. You might have heard that they dislike it when they see periods when you didn’t work when reviewing your resume. Fortunately, it’s not always bad news.
Here’s how you can beat HR and explain the gaps on your resume.
Be a newsmaker
Make an impact with your work. The top companies in the headlines are using Blind to grow. Find out how you can get an offer from some of the most innovative and fast-growing companies.