Tech Industry
Yesterday
1637
Cute girl on the floor
Tech Industry
Yesterday
2782
The job market is absolutely brutal right now
Personal Finance
Yesterday
3036
Calculated my NW and now i can't sleep
Tech Industry
Yesterday
1451
I am starting to think Chinese interviewers currently fail non-Chinese candidates on purpose.
Tech Industry
Yesterday
2250
Crossed a line with my boss
In a short span of 4 months it looks like these orgs have put thousands of people out of their jobs What’s causing these companies to lay off their work force ? How do you foresee, prepare and jump ship before the lay off hits? Is there a pattern? Who is next? #better #peloton #zillow #amazon
Newsflash : Majority of startups crash and burn. It’s high risk , high reward.
I mean that’s expected. For start ups. I’m Sure job security is usually a huge concern for anyone joining startups. So many moving parts. But I’m curious about already somewhat established orgs
These were not established ! They capitalized on the buzzword of the day, on a pandemic and it’s short term needs.
All were B2C companies that saw a huge spike in interest with the pandemic. Now, demand is normalizing and things are getting closer to normal.
Ok I can see how that makes sense. . So do employees at other B2C firms that spiked during the pandemic need to start leetcoding ? Lol
Depends on if they had massive growth due to lockdowns or not.
Interest rates affect everything
Pls explain
You forgot Wish and Hyperscience
Oh I must have missed those
Zulily
Why zulily?
Their business model was sound for times after the 2008 crisis where there was a product surplus everywhere and they got everything for dirt cheap and sold back with massive discounts. It doesn't work in today's business era. What they have now instead is 10 cent lower than Amazon prices + some shipping cost with at least 3 week delivery. Can't compete with Amazon at all. They had their one of 2 fulfillment center closed in the past few weeks. Already had 2 big layoffs in the past 4 years. Only a matter of time they get to engineer layoffs, and by the way engineers already constantly have a high turnover rate in every single org. They boomed a bit back during the early times of pandemic due to Amazon's product scarcity, unlike an interest that could've been gathered due to some cool thing they did. Like every business boomed for similar reasons, it's only a matter of time they crash big time
Rivian? Their price hike on pre-orders failed, they gonna recoup their cost somehow?
Peloton was an obvious dud once the Covid mania set in. Zillow actually seemed to have some legs and it would’ve been hard to see how bad their house flipping business would’ve been doing.
We are headed into a recession by the second half of the year; unfortunately layoff posts are going to start appearing on a regular basis. Hopefully the layoffs will be handled more professionally than Better.com did.
no one is safe
Better, Zillow and Peloton all have public announcements of large layoffs. Is that what you are asking?
The news?