Engineers beware of

Canvas matthewdad
Oct 26, 2019 13 Comments

Yesterday laid off 40% of their people with no notice. They acquired Canvas a SF company a month ago and laid off half their team at that time and then laid off the rest with a significently less severence package.

Factors leading to the layoffs:
— WeWork debacle leading to decreased fundraising efforts needed to sustain the business since the company sets money in fire.
— Bad asset management! Until a month ago, they did not know where ~90% of cars were located. They continue to manage hundreds of millions of dollars worth of cars on google sheets.
— The company spends incredible sums on parties at the CEOs house.
— They continue to add new Vendors when they have account in collections as they haven’t paid their existing vendors in a year.

Reasons why to not work at Fair:
— They hire contractors on as vendors as a way to not pay them. Currently there are a handful of employees waiting to still be paid and its been 2-3 months.
— Leading up to the layoffs they slowed doen hiring in the sense that they did not put out offers and recind existing offers that were not approved or hand budgets to be funded. Ex: There was a candidate who transfered their H1B visa over to Fair only to have his offer and visa transfer recinded.
— The culture is sexist at best: the coding training challenge was to code a service which calculated an age floor for the youngest women you can date legally.


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TOP 13 Comments
  • Amazon / Eng

    Amazon Eng

    “The culture is sexist at best: the coding training challenge was to code a service which calculated an age floor for the youngest women you can date legally.”

    That’s sexist?
    Oct 26, 2019 2
    • UnitedHealth HFbG06
      Oct 26, 2019
    • New / Eng lHpK84
      I agree idk that sexist is the right word but it's definitely not appropriate code challenge topic
      Oct 26, 2019
  • Amazon TiCi
    The service would require the parsing of headers in the request such as the requester’s age and jurisdiction, making an assumption that every jurisdiction makes laws only based on age of the requester. Then a conditional logic is required in the server to return the appropriate value.

    But then there needs to be information stored that can most likely be hard coded in the service code if we assume a very micro scale of users, let’s say max 50 tps. We can use a static hash map that maps a jurisdiction to a lambda that takes in a requester’s age and spits out the response. With increased scaling, a static hardcoded hash map would no longer be sufficient and depending on scale a solution using DynamoDB and Lambda for the hash map replacement, and ECS Fargate for the service itself may be necessary.
    Oct 26, 2019 0
  • Facebook dogmilk
    Man why did you make three posts on the same stuff
    Oct 26, 2019 0
  • Credit Karma Bathroom
    This is fascinating.

    How’s the consumer business doing, anyway? Vs. business with Uber, OP.
    Oct 28, 2019 2
    • Canvas matthewdad
      They essentially closed the consumer side by raising prices 4x. Start payments went from $500 to up to $4000.
      Oct 30, 2019
    • Credit Karma Señor SWE
      That’s interesting... Terrible. Right, it used to be 3x monthly payment...
      Oct 30, 2019
  • Microsoft Caezure
    Seems like the fall of wework is the first reckoning of worthless startups.
    Oct 26, 2019 1
  • EY / Consultant rs999
    Wait Canvas is the university course/document management system company?? How can they let go everyone? It’s doing pretty well, no?
    Oct 26, 2019 1
    • Getaround PVaz71
      Canvas is a car subscription startup
      Oct 27, 2019
  • Expedia Group / Product produxtBrah
    standard tech eco-system shenanigans.. valuations are far too high tbh
    Oct 26, 2019 0


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