How is Groq acquiring net new customers and building revenue pipeline? Is the company leaning on partnerships with Data Centers, Foundries, and tech alliances? Are they chasing Hyperscalers like Equinix? Are they chasing enterprises like Ford, JP Morgan Chase, geospatial, and NASA? #ai #groq
Big Tech (MAANG) layoffs have a whopping <;5% savings in terms of revenue. Meta laying off 11K employees at avg 400K = $4.4 bil savings against 88 bil revenue, i.e. 5% savings. After that they splurge $15 bil in metaverse madness https://www.cnbc.com/2022/10/26/meta-plans-to-lose-even-more-money-
Are SPACs creating a bubble for companies with minimal revenue but are in “hot” industries? Lots of capital chasing unprofitable companies
My opinion is formed from two anecdotes (not insider info): - Amazon has brought back Chase Freedom 5% credit card discount for Q2. It used to offer this in every Q4 for many years but had stopped it completely for the past several years. This might be to rekindle demand and improve revenue. -Addi...Read more
As tech gets laid off are we going to see an uptick in people working at tier 3 & 4 companies with average TC? Not talking tier in terms of revenue, in fact these are old established companies doing “cloud migration” Tier 3 and/or 4: T-Mobile, Chase, Bank Of America, USAA, Walmart, Chevron, Exxon, ...Read more
Currently at Intuit as a distinguished engineer. Got an offer from rippling ( makers of HR software). Yoe - 15 years Current comp ( 550k) Base - 320k Bonus 30% Rsu - 200k/year Rippling comp ( 1mm) Base - 380k Rsu - 750k/year I am chasing comp and don’t care much about wlb. I am pretty confi...Read more
All they do is payments processing, and they don’t even do a lot of it. They process about $180B a year. By contrast, Chase processes approximately $6 Trillion and they’re market cap is $300B. However, they also have an investment bank, commercial bank, consumer bank, etc. Stripe has none of that. W...Read more
Googles Search == Microsoft Windows. On this premise google has the same dilemma that other public companies have: chatgpt and others are disruptive but google shareholders will want returns and won’t accept stock declines. Revenue pressure wins. So google will go the way of Microsoft from leading...Read more
I wanted to keep this quiet for obvious reasons but I feel that it must be disclosed given the lack of respect, compassion and honesty Goldman Sachs has for their employees. In 2020, in the midst of the pandemic, two VPs who had their maternity/paternity during the same year were fired from the firm...Read more
then this lesson in large layoffs would not apply to the big tech companies that are already very profitable, like Google. It might apply to companies that are losing money and are not profitable. If he succeeds in making Twitter profitable, eventually, it will become another, healthy, profitable t...Read more
Has anyone obtained a Chase or American Express business credit card solely for the purpose of earning signup bonuses (SUBs) while holding an H1B visa? I have come across forum posts that claim this practice is not illegal, as one can claim to be a sole proprietor by stating they sell used items on...Read more
Not posting this to brag or flex (as I still have a long way to go) but moreso as motivation for anyone who has an itch to be an entrepreneur. In Jan I was laid off from a company I had been loyally working at for 8 years (I was 30 yrs old). I had consistently delivered in my revenue generating ro...Read more
I feel like the upper management of my company is taking a lot of risk. We are a b2b startup (no consumer facing) at a late stage (series D) and despite growth growth being definitely slower than it used to be, I just heard a rumor that they’re trying to raise more money at a valuation of 50X our cu...Read more
Obviously ChatGPT and it's competitors have value. But is this value that much more than every other cloud service at an AWS, Azure, GCP ect.? Microsoft is at a Market Cap of 2.4T, Google at 1.6T. Is AI really worth more than a maybe 10% increase from what they were before? Maybe these companies b...Read more
Imagine, a paper written by your company's employees revolutionizes the industry. One of the startups inspired by that creates chatgpt and you're so far up your ass that you don't even realize the importance of it. Then you suddenly wake up and call yourself "AI first company" and issue "code red" t...Read more
Asking as I have tried several flavors and almost none of it so far feels worth chasing. The ones that do don't pay bills. Such is the paradox of life Useless ones so far: Building complex systems in tech Building/leading revenue increasing initiatives. Making cringey useless posts on Social Med...Read more
One of my friend asked me to join his startup at C-level position, 250k base and 5% of his company in exchange of creating an extra product out of my moonlight project (under the startup umbrella). I've been talking with him for some time (months?) and at some point I decided why not to try? Startup...Read more
Sorry I used strong language here, but disgusting is not even enough to describe this situation. I transferred team 4 months ago since my former manager was not a tech lead but rather, a politician. In the past 4 months, two people including me left his team. Although we are not the TT in his mind...Read more
In terms of Percentage, Amazon layoffs are even lower to their PIP numbers (18K out of 370K in Corporate). They are just trying to fool others by laying off people they marked as PIP. If they would have followed the industry trend of 10-15%, they should ideally be laying off close to 50K people. J...Read more
Need help evaluating which job to take. First option is product management at an industrial manufacturer. Great Product experience and would be wearing a lot of hats. Also diversifies me away from engineered sales, in which I have 9+ YOE. Downside is comp is not great. TC $126k Second option is an...Read more