Bad news from compass… With current real estate market down pressure, they gonna cut 75% of product org. A lot of great eng that I’m working with gonna get affect plus myself. Would be happy to connect for referrals, will be highly appreciated plus a beer 🍺 Tech lead current tc: 500k Soon tc: 0k Love #airbnb #block #dropbox #pinterest #meta #sofi #doordash Remote only please :)
How can they function with just 1/4 of tech staff ?
India engineering not affected
So basically shifting to lower cost geo.
Nothing is confirmed as they are not sharing exact numbers But those are quite close estimates that I heated from many mngrs
Doesn’t that mean they’re about to collapse?
Compass is laying off 15% of its workforce, around 375 employees, That *may* be 75% of engineering https://www.google.com/amp/s/www.protocol.com/amp/coronavirus-compass-layoffs-real-estate-2645572882
This is over 2 years old tho…
Oops .. I may have gotten fooled by the Google result of '11 hours ago'
DM if interested in Atlassian. Anyone else affected feel free to DM too.
Dm for Pinterest 📌
Aren’t you guys on a hiring freeze tho?
No we are not on a hiring freeze. We just have limited of roles open at the moment based on company priorities. We are just being thoughtful on how we’re hiring and not handing headcount out like candy 🍭 DM me if you’re looking for an L5 swe role :)
?
Still not making a profit though ? https://www.bloomberg.com/news/articles/2022-08-15/biggest-us-brokerage-compass-comp-aims-to-turn-profit-as-housing-market-slows
Compass posted a $101M loss in Q2. Q2 is typically the best quarter for a brokerage. Company is going tits up soon.
DM for atlassian
How would you rate work and culture within Atlassian
The work I am doing is OK not super interesting or challenging but culture is good and values are embraced every day. No micromanaging and good WLB which I really appreciate.
Dm for TikTok
I don’t understand, are you saying layoffs confirmed or this is speculation. Never heard of 75% layoffs except for companies about to die
this isn’t the only post about it: "Compass Layoffs September 2022 (Tech Industry)" https://us.teamblind.com/s/v7kMAcac
It will be actually 80%