Compensation is not bad since the recruiters are so desperate to fill their jobs asap that you can ask for the world without any attention to internal compression.
It’s a dog eat dog world now. No longer is Gap the company that values or supports family or cares about employee engagement, loyalty or tenure. You move up by who you know and how you look. Forget about diversity in the workplace. That’s all lip service. If you’re white and tall, this place is perfect for you.
https://www.theinformation.com/articles/google-cloud-narrows-gap-with-aws-in-revenue-per-employee In the first three quarters of 2023, AWS generated around $580,000 per employee while Google Cloud generated around $460,000 per employee, according to calculations by The Information using previously ...Read more
Spotify’s results are a great example of why we’re seeing tech layoffs. Impressive revenue growth of 18% year over year is dwarfed by costs growth of 44% year over year. Such gaps in costs versus revenue growth scares shareholders which is why layoffs.
How about India? How is 2024 compared to 2010? Are things super saturated? Wrt jobs for software engineers I understand that BJP got 16000 crores in electoral bons and spent in on PR campaign. I want to know the actual reality Super saturated meaning : 1. Number of jobs : eligible applicants - th...Read more
I had been offered full time opportunity with Gap Inc as a staff software engineer. Currently I am working working with Gap Inc as contractor. Looking into current retail market and Gap Inc revenue last two quarter, which is bad . I am looking for blind community feedback and some insight to take de...Read more
Basically joined a greenfield team and initiative at a startup along with 30+ engineers but the revenue has dropped a lot YOY by A LOT at least for my team. What should I do? I’ll be looking for a new job ASAP but I also will be having a job gap. How should I tell recruiter without sounding like a ...Read more
***This is a controversial take a few days before 4th of July*** It's common knowledge that the revenue required to fund Social Security is woefully inadequate with persistent funding shortfalls. The percentage of retiring Americans is growing and their medical needs is growing much faster than th...Read more
I’m having trouble trust my company when they use ARR numbers and compare that to the costs when tracking profitability. I dug into the actual revenues and there’s a gap of almost 25% between actual revenue for the year and the ARR we have licensed currently. ARR paints an unrealistic rosy picture t...Read more
I was Ex-MSFT , i have founded a software consulting firm and because of god grace i was able to get good clients and annual revenue reached to 1 Million USD. I have not raised any funding neither i need to. I am planning to go back to job and get higher level based on previous startup experience ...Read more
No real takeaways here… haven’t heard back yet (interview was on Friday) but I totally brain farted when I was asked which leadership principle spoke to me most. I wanted to say bias for action but ended up stammering about the leadership principle that involves actually doing… anyone can have ideas...Read more
"Diversity of background equals diversity of thought equals better organizational performance, and this is a proven fact." Raise your arm if you've heard this before, either at your own company or elsewhere. Google is ripe with blog posts about benefits of diversity in the workplace. But I can find...Read more
The final round for a C-suite position was with the HM, a mid-20s executive. Not so sharp, doesn’t have a super 3 YOE career, not the best communication skills. On the other side of the table, a late-40s professional with 20 YOE under the belt, experience working for multiple Fortune 20 companies, l...Read more
I think the layoffs we have seen is just the start of the recession. 2023 Is going to be hard, and it will affect severely on the entire economy, not just tech industry. We will see the news opening with the recession news, unemployment rates rising, some companies crushing, etc.. In the long run, ...Read more
SFT Shift Technologies. Nobody even knows about this thing. Yes it's an ex-SPAC. Yes, that sucks. I'll tell you why it doesn't matter and why it will 2-3x in one year. They sell used cars online. Auto ecommerce. They just had the best earnings of their history on 8/10, crushed revenue, improved ...Read more
No insider information here, but sharing my predictions: Facebook - Won't collapse or go bankrupt, but will drop out of Fortune 100. Days of mega apps drawing huge revenues and valuations will be over as top of funnel owners consolidate power. Metaverse 20 year hail mary won't save in the short t...Read more
I left Amazon to join a well funded startup. Initial days were good, later the company started to fall apart as there was no concrete revenue model. Most of the good people including co-founders started leaving even without job offers. I was doing good in the company, even got promoted after which t...Read more
Company had a really good run, grew exponentially (now 120 employees) and was able to secure pretty solid rounding at a reasonable valuations. However, growth is now slower as the competition caught up, and we have massive execution/quality gaps. It would be the perfect time to sell the ship and pr...Read more
My entire career has been in marketing + advertising, B2B + B2C, on the agency side. Most recently I've been the VP of Operations + Strategy for a small agency/startup focused on driving revenue by aligning sales + marketing teams with account-based marketing campaigns. I'm considering my next move ...Read more
Hi blinders Today I write this post to WARN the tech community about a really shady company called Lacework. Lacework is a cybersecurity pre-ipo company primarily focused on Cloud security started in 2015. Once it was a very promising company company with $1.8B funding in total from big players li...Read more
story time: i quit my first software engineering job after 9 months because my startup was having signs of failure (massive 20% layoff, the new talent is really bad, too many technical problems that management and product can’t wrap their heads around, funding running low, severely missed revenue pr...Read more
I am a backend engineer w 4~5 yoe in my late 20s and looking for a job due to layoffs. I was approached by a founder in a finance SaaS firm but after meeting with the team have some doubts. Company details: - 1 mil preseed - 1 CEO 1 backend 1 frontend 1 designer (all friends from same high school)...Read more