Blind TL;DR Edition No. 5: Week Ended Dec. 10, 2021
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.
No raises at Google
Inflation hit more than 6%, but don’t expect your annual raise to match. Google, known for its generous “TC,” said it wouldn’t raise pay because of inflation at All-Hands. Looks like even Googlers aren’t immune to inflation.
Learn why companies don’t adjust pay based on inflation on Blind.
Press F to pay respects
Better Mortgage has had a terrible week after going viral. After laying off 900 people unceremoniously in an impromptu 3-minute Zoom call, the CEO confirmed he went on Blind to call out his employees. Now, he’s on “leave,” effectively immediately, according to a company-wide email from Better’s board.
Check out the CEO’s botched apology, which was leaked on Blind.
I am the captain now
Parag Agrawal has begun to make a mark on Twitter. The new CEO started with a reorg. The Big Blue Bird will have new general managers for the consumer, revenue and core tech teams. Some executives and leads will leave the company at the end of the year.
Some technologists at Blind are skeptical.
Back in ‘23
Lyft is pushing back RTO—workers won’t be back until 2023. The rideshare company said it won’t require staffers to work in the office in 2022. Still not full-remote, though.
Don’t miss the discussion on Blind.
The next Silicon Valley?
Florida is going all-in on crypto. The governor wants to let businesses pay state fees in crypto and is exploring using blockchain tech for Medicaid and even at the DMV.
Miami wants to be the Silicon Valley of crypto. Technologists on Blind debate whether it’ll really happen.
Why the new hire makes more money than you
Labor and HR experts call it pay compression. You’ll probably call it BS.
Professionals at Amazon have reported some new hires are earning more than they are, even after promotions. One engineer even found out another “SDE II” is making $120,000 more than they are!
This is what to do if this happens to you.
Be a newsmaker
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