Tech Industry
Yesterday
1279
Women, help me understand why this is inspirational
Tech Industry
Yesterday
2205
What happens when most of your team is Indian?
Tech Industry
3d
59762
Crossed a line with my boss
Tech Industry
Yesterday
363
Does the market believe in Sundar Pichai?
Health & Wellness
Yesterday
365
Lasik cost
Fintech is getting absolutely destroyed by wall street, people are spending less and saving their money. PayPal already kicked off their layoffs. Winter is coming…
When is Dara gonna send that email
Probably in about 2 weeks
Thought so
Source: trust me bro
At least I’m creating content here for everyone
That doesn’t mean it’s good content 🤦🏽♂️
If people are spending less, won’t that affect all companies? No company is safe including Uber or Microsoft
I’m not a microsoft fan boy by any means. That said, microsoft had a lot of revenue streams with large sunk costs for companies to leave. You just can’t spin down azure resources that run your core app, or tell people they don’t need office, or reduce security costs like defender.
You’re right lol, I meant more in terms of layoffs. Some poor (or lucky) teams are always laid off every year
Very unlikely to happen at stripe unless the economic climate gets drastically worse. We are still hiring.
Please be careful and don't drink the koolaid. Look at other posts about bolt how the mgmt said they are doing awesome and today laid off.
Everyone’s still hiring, until they’re not.
How funny it is Everyday some Layoff speculation posts and that’s not from an internal employee but from some random folks
I’d be shocked if we aren’t first before both of them.
How come?
PayPal's oversold imho. If I had cash on hand, I'd be scooping them up for a steal. Truth be told they were planning layoffs prior to the big dips this past quarter
Why would these companies be hiring if they are preparing to layoff soon?
Ikr? Afaik a lot of companies still hire despite having layoffs. Bolt for instance still has a lot of open roles as do Robinhood, Coinbase, PayPal, you name it. Layoffs are more a consequence of companies having to lower their valuations (if they are preIPO) or having to address lowered valuations (if they are public already). To justify the lower valuation, companies have to reduce costs and headcount is usually one of the biggest costs and the easiest to incrementally cut. The reason they are still hiring is that these companies are operationally solvent ie they are not struggling to the point of becoming at risk of becoming insolvent and growing. Usually there are critical roles that still need to get filled. So like it or not, layoffs are often used more as cosmetic surgery to appease investors
Layoffs don't always come with a freeze in hiring. They may be because focus shifts from one area to another so they layoff from the first area and hire in the second.
Lol at comparing PayPal with Sq. Having worked at PayPal before I know that yearly layoffs several times in different parts is their mechanism. They will always do layoffs, and attrition will take care of the rest.
Comes from the person who works at Uber.
Any sense square might do layoffs soon? Currently interviewing there
Lol I’m leaving soon