#layoff #severance
One of the safer companies in the industry. Used to be. One step behind Microsoft and Google usually. With Microsoft layoffs announced I predict we will announce layoffs soon. We are already copying Google by forcing pip on many this cycle. TC 380k Sr Swe 8 yoe all here
100’s of roles gone, more to come. What’s the state of google? Alphabet union: “Tonight, Google began another round of needless layoffs. Our members and teammates work hard every day to build great products for our users, and the company cannot continue to fire our coworkers while making billions e...Read more
They laid off another 10% of the people. If we all come together and not buy the products made by layoff companies they will have to change. I will start with not buying a Tesla car. One less car sold is one employee not laid off. Don't think like it won't make a difference. I know that the car I d...Read more
Of other companies with high comp and continuously prove how humane they are to employees and choose other cost saving measures instead of layoffs??? Are we doing it for the “so called” prestige of said companies? It’s def not money because many companies have high comp https://www.nme.com/news/gam...Read more
Seems like all big companies follow the same recipe. A wave of layoffs in engineering, later weirdly synchronous a wave of layoffs in HR, hiring freezes. Everyone copies each other, almost synchronized. Making work more intense, convincing us that we need to be worried about it. I've decided to step...Read more
OK you all saw layoffs from the perspective of the employee or the spectator. Want to share from leadership side how things work. Ask me any questions, I can't disclose much about my personal exp so don't ask that. Every small to mid sized company maintains runway projections, pre-IPO keep track of...Read more
Disclaimer: I don’t have any insider info about layoffs, but there is a strong possibility of one in the near future for Software Engineers in tech companies (my personal views). tl;dr: avoid "epxerimental" stuff and don't be a slacker == Theoritical possibility == Its a common knowledge now that ...Read more
Looking at the recent layoffs at Meta, Google and a bunch of other companies, I wonder if they know something we don’t. I feel like a big rug pull is approaching and they are bracing for it. Is recession good for housing market? I’m starting to wonder how this would impact housing in the bay.
We usually used to have layoffs when there was a bad economy. Currently, the economy is still doing great. It seems layoffs are in big tech to justify investments into acquisitions and AI, while smaller companies are just pinch saving following the big guys. We've never had layoffs used in this way....Read more
Just got off a call with a Fortune 50 company for a new role. When we were chatting about compensation, I said I would need the middle to higher range that was posted on the job description. The recruiter laughed and said they had to put that salary range for legal reasons but it’s actually not tru...Read more
Can we please stop calling it “The Great Resignation”? People are tired. Companies are still trying to return to pre-pandemic practices that weren’t even working prior to 2020. Companies are incentivizing new talent with crazy sign-on perks/bonuses while completely disregarding the staff that kep...Read more
When companies layoff people, the newest members are most vulnerable. You may think that layoffs are performance based, but it also has some other factors. When you join a new company, you will not always get the culture and things they optimize for. For instance, at Meta, even solid developers cry ...Read more
Are we all being gaslit into believing that the layoff environment is due to preparing for a downturn in "economic conditions"? CEOs would never say to the public "yes, we are replacing you with AI". 1) Nearly every sector besides tech is flourishing with opportunities. 2) Tech companies are actu...Read more
Meta = 21K (11K last November + 10K last week) , Amazon = 27K (18K January + 9K today). Total across these 2 companies = 48K layoffs. If we include the 2 other large layoffs - Google and Microsoft - that's 70,000 layoffs in total across only the 4 largest companies (announcing layoffs) since Novem...Read more
5 weeks after the announcement of “painful layoffs” we finally have a date a time set for 20% of the company to be axed. Tomorrow, Friday the 13th. The company has been at a standstill since this announcement and now there’s another day of waiting. Ryan Peterson is a piece of shit.
Qualcomm just had its earnings call, and the stock is already down 7% after hours. Everything is down - revenue, net income, guidance. Now there's going to be layoffs Qualcomm warned of likely restructuring charges for job cuts. “While we are in the process of developing our plans, we currently ex...Read more
I’m not impacted by the layoff but just feel angry about how companies like Meta handle termination. We’re supposed to turn in 2 weeks notice when we quit but when companies do it they can just revoke access in one night while we’re asleep? When I quit, I’m literally just gonna tell my boss the day...Read more
Public service announcement- Layoffs have been planned. In the ECM , IB , S&T, Tech areas. Impacted companies - Moelis, UBS, Morgan Stanley, PJT, Jefferies, Evercore, BLK, Citi 100% confirmed. Please prepare and safeguard yourselves. Good luck to all of us Oct/ Nov 2022 Source - we are a group ...Read more
I was in a happy hour earlier this week and we got into this talk about the layoffs that are happening. One guy brought up an interesting point: "If you suspect a company you're interviewing with could layoff soon, ask for a sign on bonus" I mean ideally you don't join the company in the first plac...Read more