Remote, historically good pay, great coworkers; good work life balance
Instability due to bank failure and acquisition. No idea what things will look like in the future.
Good work - life balance Job security Good for business knowledge
Valley focus more on vendors and contractors Compensation is very low
Planning to join SVB soon. CEO in earnings call mentioned about potentials layoffs in professional services. Any insights from existing employees?? #layoffs #siliconvalleybank
I am curious. How much of a notice did you get? I heard they laid off a round last Friday. My sincere condolences. It's coming down the pipe for all of us.
It is being reported that ROKU had 26% of total cash and cash equivalents held with Silicon Valley Bank. Layoffs loading .... Here is unverified list of companies impacted https://unusualwhales.com/news/roku-had-26-of-total-cash-and-cash-equivalents-held-with-now-collapsed-silicon-valley-bank
No deposit access => no payroll => furloughs (also to avoid tax and SS liabilities) This will effect small and large SV firms: "After Silicon Valley Bank Fails, Tech Startups Race to Meet Payroll" Even established companies, such as Roku and Roblox, have deposits stuck at SVB https://www.wsj.c
https://www.npr.org/2024/01/28/1227326215/nearly-25-000-tech-workers-laid-off-in-the-first-weeks-of-2024-whats-going-on Remember the time startups thought they could trust Silicon Valley Bank not to fail? It's the same explanation. #layoff
If tech layoffs continue to mount, and mortgage rates remain elevated, it could keep housing markets out West in correction-mode. That could especially be true if tech layoffs accelerate later in the year when the housing market has moved into the slow season. On one hand, it’s unclear how many tec...Read more
With the bank run happening in Silicon Valley Bank, sure this is going to impact many tech startups. But guys, do you think this panic mode will trigger Bank runs in other banks also? Which large tech companies can get impacted? Will it trigger more rounds of layoffs? Let's discuss here👇 Tc: �...Read more
Bank are already gearing up with mortgage operations layoffs. Fake news? https://wolfstreet.com/2018/11/16/housing-downturn-arrives-in-silicon-valley-san-francisco/ www.sfchronicle.com/business/networth/amp/Well-this-is-new-Price-cuts-on-Bay-Area-homes-13400672.php https://www.nationalmortgag...Read more
https://twitter.com/CNBCOvertime/status/1634307044613189635 """ . @GarryTan CEO of @ycombinator calling the SVB fallout an "extinction level event for startups" "These depositors will not survive weeks or months without some sort of plan from the govt." """ anyone know where to find list of c...Read more
The near Lehman-like collapse of Silicon Valley Bank last Friday was a massive blow to the startup and venture-capital ecosystem, where new ideas and companies come from. And earlier this week, more layoffs and limited hiring at Meta Platforms Inc. META and Apple Inc. AAPL, respectively, pointed to ...Read more
After months of weak buyer interest, agents began seeing larger crowds at open houses in January and getting multiple offers above asking price on their listings. By early March, though, climbing mortgage rates, plunging stock prices and mushrooming Big Tech layoffs tempered hopes for a spring rebou...Read more
Meta layoff news on the horizon, many leaks Multiple smaller firms had layoffs https://twitter.com/KobeissiLetter/status/1633924623086526465?s=20 Liquidity is disappearing all around the board: 1. S&P 500 lost $600 billion in 2 hours 2. Crypto markets down $40 billion today 3. Four biggest US bank...Read more
Just recover(ing) from a layoff and the SVB crash ; everyone is saying it’s going to be 2008 all over again or some larger crash , this is getting me worried a lot, since I’m about to move to a startup . Don’t want to get laid off again on a visa , this is just horrible . https://www.cnbc.com/2023...Read more
Obviously, I do not think the two are friends , nor do I have or care about any conspiracy story, but given how The Fed & Jerome Powell has done to the American Economy (stating inflation is transitory when it is so obvious to pretty much everyone else that it is not, raising rate regardless of what...Read more
When the government bailed out greedy banks back in 2008 a backlash in the form of occupy wall street movement ensued that caused more regulation of financial institutions to reign in greed. We need an occupy silicon valley movement today. Wanted to gauge interest in mobilizing to express our disple...Read more
When I joined Google several years ago, one thing that made it clearly a lot better than other megacorps was the integrity of management and the technical competence of pretty much everyone up on your reporting chain. Already then there were several layers of bullshit piling up, still, in the end of...Read more
hypothetical question: Are startups prepared for recession? Which one is most prepared? I did a bit research by myself, folks can add more comments, might be useful information. I can add more if folks can help naming startups. Probably I should add other dimensions such as expansion rate etc. I do...Read more