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Re:Stripe Layoff 14% of Workforce by thunkle on Thursday November 03, 2022 @11:40AM (#33452720)
I work for Stripe and got laid off this morning. Sucks because my manager was only told this morning, and didn't have a chance to talk about how well I was doing or take any part in the decision making. We'll at least I'll get a break. I worked nights and weekends all of October.
Re:Stripe Layoff 14% of Workforce by tasuki on Thursday November 03, 2022 @11:47AM (#33452846)
> I worked nights and weekends all of October.

Sorry to hear that. Why were you working nights and weekends?

Re:Stripe Layoff 14% of Workforce by par on Thursday November 03, 2022 @12:20PM (#33453355)
Probably because they were scared of losing their job and were being asked to work harder.
Re:Stripe Layoff 14% of Workforce by memish on Thursday November 03, 2022 @12:55PM (#33453891)
Or they are a self motivated high achiever.
Re:Stripe Layoff 14% of Workforce by rchaud on Thursday November 03, 2022 @01:24PM (#33454355)
Didn't seem to make a difference here.
Re:Stripe Layoff 14% of Workforce by Jackpillar on Thursday November 03, 2022 @01:33PM (#33454492)
This is a case study of the futility of intra-corporate "high achieving" when you can be laid off on a whim regardless of performance.
Re:Stripe Layoff 14% of Workforce by Pet_Ant on Thursday November 03, 2022 @02:16PM (#33455094)
Layoffs can be random, but promotions rarely are. It’s not necessarily a bad play.
Re:Stripe Layoff 14% of Workforce by hanspeter on Thursday November 03, 2022 @01:15PM (#33454227)
Or they have fun coding.
Re:Stripe Layoff 14% of Workforce by 2OEH8eoCRo0 on Thursday November 03, 2022 @01:23PM (#33454331)
I have fun coding. I can't get out of work fast enough. Partly to do my own coding.
Re:Stripe Layoff 14% of Workforce by hklgny on Thursday November 03, 2022 @02:06PM (#33454975)
I have fun coding. I can't wait to dig into interesting problems and figure them out - regardless of if it's for my own coding or my employers.
Re:Stripe Layoff 14% of Workforce by pyr0hu on Thursday November 03, 2022 @01:45PM (#33454677)
Ah yes, jumping to conclusions without letting the parent commenter reply. Genius.
Re:Stripe Layoff 14% of Workforce by clpm4j on Thursday November 03, 2022 @12:29PM (#33453506)
This is apparently par for the course at Stripe.
Re:Stripe Layoff 14% of Workforce by bigstripedrama on Thursday November 03, 2022 @11:49AM (#33452875)
Sorry you're going through this and hope you don't have too much stress. I also echo the sentiment about needing a break, I wish I got laid off today. I'm not sure I can handle the Stripe culture that emerges from this.
Re:Stripe Layoff 14% of Workforce by baxtr on Thursday November 03, 2022 @11:57AM (#33453034)
How will it change you fear?
Re:Stripe Layoff 14% of Workforce by UncleOxidant on Thursday November 03, 2022 @01:21PM (#33454305)
I don't work at stripe, but in general after a big layoff there's still the same amount of work to be done but now you have less people to do it. It's not just the people that were laid off that are gone, but others will leave after the layoff occurs fearing more layoffs to come. Leading to even less people to do the work. It can become a downward spiral for those who are left.
Re:Stripe Layoff 14% of Workforce by kache_ on Thursday November 03, 2022 @01:26PM (#33454369)
it's fine

I'm sure that most of stripe work reasonable hours

Re:Stripe Layoff 14% of Workforce by gloryjulio on Thursday November 03, 2022 @02:03PM (#33454924)
From what I heard from various sources, you probably meant to put a /s at the end
Re:Stripe Layoff 14% of Workforce by midhhhthrow on Thursday November 03, 2022 @03:38PM (#33456304)
At that point you really want to quit. At least until it gets to the point where the company is trying hard to keep employees That’s when they start handling out raises again
Re:Stripe Layoff 14% of Workforce by striper123 on Thursday November 03, 2022 @07:38PM (#33459534)
When I was hired about a year ago, there was already not enough work to be done on my team. We were already consistently going into the "tech debt backlog" just to keep everybody saturated with work -- and even then had to do a "we'll just reserve some capacity for you for things that come up later in the sprint" (things never came up.)

And even at that point, my team doubled in size over the next few months with no increase in work. Stripe over-hired badly. Very badly. I also wish I got laid off today. The 14 weeks severance would have been a godsend for me.

Re:Stripe Layoff 14% of Workforce by chasd00 on Thursday November 03, 2022 @09:42PM (#33460691)
yeah it's hard for me to wrap my head around this. I'm very well paid and have a lot of money in the bank but grew up poor so the moment i'm unemployed all i can think of is the wolves will be at the door any minute. A break or like the sabbaticals people take because of "burn out" seem like an unacceptable risk to livelihood. Again, i think it just comes from growing up poor but if i'm not working i get really really scared that i'm two steps away from living in a shelter no matter how much is in savings/investments.
Re:Stripe Layoff 14% of Workforce by Jagerbizzle on Thursday November 03, 2022 @10:20PM (#33461109)
I don't intend to come across as trite, but based on my reading of this comment I'm sure you'll find another satisfactory job soon. Relax and enjoy the time to reflect.
Re:Stripe Layoff 14% of Workforce by nicbou on Friday November 04, 2022 @04:08AM (#33463400)
If possible, live below your means and set some money aside. It does a lot to diminish that fear.
Re:Stripe Layoff 14% of Workforce by throwawaysleep on Thursday November 03, 2022 @11:54AM (#33452971)
It is far better to be a massive underperformer at three jobs than be a good employee at one. Layoffs that are large usually have nothing to do with performance as if they did, word would leak.

This is why I feel no guilt over letting my teams down repeatedly. It doesn't matter unless you are bad enough to fire.

Re:Stripe Layoff 14% of Workforce by willio58 on Thursday November 03, 2022 @12:22PM (#33453398)
No amount of money would make the stress of 3 jobs worth it to me. To constantly be letting down people around me would be depressing, don't care if I'm making 500k/yr.
Re:Stripe Layoff 14% of Workforce by thundergolfer on Thursday November 03, 2022 @12:32PM (#33453551)
A single Stripe E3 role (senior eng) can pay over $500k/yr.
Re:Stripe Layoff 14% of Workforce by trimbo on Thursday November 03, 2022 @01:31PM (#33454463)
How much of that $500K is liquid?
Re:Stripe Layoff 14% of Workforce by wetpaws on Thursday November 03, 2022 @01:52PM (#33454774)
this is a $500K question
Re:Stripe Layoff 14% of Workforce by countvonbalzac on Thursday November 03, 2022 @01:55PM (#33454827)
Looks like on average an L3 SWE at Stripe gets paid 215k stock, 218k stock, 34k bonus. So ~53% of pay is liquid (cash), the rest equity in a private company.

Source: https://www.levels.fyi/?compare=Stripe&track=Software%20Engi...

Re:Stripe Layoff 14% of Workforce by thundergolfer on Thursday November 03, 2022 @03:39PM (#33456314)
The equity vesting is a $$ amount though, not a number of shares, so it's less volatile than typical RSUs.
Re:Stripe Layoff 14% of Workforce by animitronix on Thursday November 03, 2022 @01:43PM (#33454658)
And that's why they're having layoffs today
Re:Stripe Layoff 14% of Workforce by throwawaysleep on Thursday November 03, 2022 @12:24PM (#33453424)
They don't care about you. Don't make the error of caring about them.
Re:Stripe Layoff 14% of Workforce by willio58 on Thursday November 03, 2022 @02:05PM (#33454955)
It's not about caring about the employer, it's about living my own life. Your work life is most of what you do for several decades of life. I don't want to suffer, barely squeaking by, stressed and at the brink of being fired by multiple employers for decades. I make a fraction of what some people here make and I still make more than I need. Money beyond a certain amount doesn't make you happier, in fact I'm pretty convinced it makes it harder to be happy.
Re:Stripe Layoff 14% of Workforce by jesuscript on Thursday November 03, 2022 @01:14PM (#33454196)
You may not believe it, but people are fickle. It’s that old Eddie Murphy bit about “What have you done for me lately”. Believe it or not, you have pleased and disappointed your company over and over, back and forth, based on things you did, and they only look at the last thing you did.
Re:Stripe Layoff 14% of Workforce by Taylor_OD on Thursday November 03, 2022 @12:02PM (#33453106)
> It is far better to be a massive underperformer at three jobs than be a good employee at one

Can you explain this? Do you mean working three jobs at once?

Re:Stripe Layoff 14% of Workforce by throwawaysleep on Thursday November 03, 2022 @12:06PM (#33453162)
Yes. Find three remote jobs. It is what I do.
Re:Stripe Layoff 14% of Workforce by endtime on Thursday November 03, 2022 @12:20PM (#33453371)
You contribute to anti-remote work sentiment by doing this.
Re:Stripe Layoff 14% of Workforce by John23832 on Thursday November 03, 2022 @12:33PM (#33453566)
That's not their fault. If they're doing the job well enough at all 3, they've satisfied the requirements for employment. Who cares what others think about their "remote sentiment"?
Re:Stripe Layoff 14% of Workforce by nrmitchi on Thursday November 03, 2022 @12:45PM (#33453733)
> It is far better to be a massive underperformer

In what world do you read this and think "doing the job well enough at all 3"?

Re:Stripe Layoff 14% of Workforce by throwawaysleep on Thursday November 03, 2022 @12:48PM (#33453795)
They are the same. You want to be a 30th percentile employee. Bad enough to do little work and never be trusted with anything important or with hard deadlines, but just good enough not to fire.

He is saying that if I am not getting fired, I am good enough to continue working there.

Re:Stripe Layoff 14% of Workforce by nrmitchi on Thursday November 03, 2022 @12:53PM (#33453860)
I am familiar enough with the concepts of OE.

There is a difference between being good and efficient enough to handle number roles, and the borderline scam of "get a remote job and try to stay under the radar and drag it out before they fire you".

I'm honestly not 100% sure which of those you are advocating for.

Re:Stripe Layoff 14% of Workforce by true_religion on Thursday November 03, 2022 @02:50PM (#33455596)
I'm just confused. Why can't people have second tech jobs?

Cashiers can have second jobs working in a different store. Factory workers can work in other factories (it's hard on your body but overall okay).

No one would similarly complain if an Google software engineer was also 'forced' to make ends meet by working in an Apple retail store.

Yes, it's hard on your body and mind to work more than 1 job, but if you need the money then what choice do you have?

Re:Stripe Layoff 14% of Workforce by John23832 on Thursday November 03, 2022 @03:43PM (#33456387)
Because they haven't been let go? They're paid for the time they're there, not the time they are not.
Re:Stripe Layoff 14% of Workforce by chucksmash on Thursday November 03, 2022 @01:33PM (#33454495)
This smacks of "not their fault, they are just making an economically rational decision" justification to me.

If they signed a contract to the effect they would work exclusively for one company, their choice to lie is unethical. It might be profitable as well, but "not their fault because it's profitable and they can get away with it" shamelessness, writ large, is making everything worse.

Re:Stripe Layoff 14% of Workforce by John23832 on Thursday November 03, 2022 @03:45PM (#33456409)
> This smacks of "not their fault, they are just making an economically rational decision" justification to me.

This is exactly the point.

The if's don't matter because they weren't addressed. You can't assume that person is breaking contract law. You have no idea.

Re:Stripe Layoff 14% of Workforce by chucksmash on Thursday November 03, 2022 @04:44PM (#33457224)
Or maybe intentionally screwing people (coworkers, your employer) over is an unethical thing to do even if we lean into the extreme credulity you profess here and say, "hey, we don't know if this poster signed one of those special 'FYI I will be screwing you over' contracts, it is not for us to make assumptions, we haven't reviewed the contract."
Re:Stripe Layoff 14% of Workforce by John23832 on Thursday November 03, 2022 @06:52PM (#33459074)
Couple of things:

Nobody owes their employer any more than the minimum that is guaranteed by the employment contract. Sucks, but that's life.

If you feel like the quality of your coworkers that give minimum effort is screwing you over, talk to your employer.

If an employer can be picky enough that they require you to only have them as your only employer, they would need to specify that in an employment contract (it's not enforceable, you have a right to privacy from your employer).

If you want to be "ethical" (ie, servile to your employer) to the detriment of your economic survival, that's fine. That's your choice. Everyone else is going to play the game to the rules.

Re:Stripe Layoff 14% of Workforce by throwawaysleep on Thursday November 03, 2022 @12:27PM (#33453473)
In a tragedy of the commons, one should race to exploit the commons.
Re:Stripe Layoff 14% of Workforce by danbolt on Thursday November 03, 2022 @12:48PM (#33453786)
What makes you feel that way?
Re:Stripe Layoff 14% of Workforce by colinmhayes on Thursday November 03, 2022 @01:20PM (#33454287)
probably game theory
Re:Stripe Layoff 14% of Workforce by higlen22 on Thursday November 03, 2022 @12:57PM (#33453915)
LOL, *you* are the only tragedy here. 3 jobs, i doubt you even have time for friends.
Re:Stripe Layoff 14% of Workforce by bbor on Thursday November 03, 2022 @02:40PM (#33455446)
That’s so sad… do you see a bright future for the human race?
Re:Stripe Layoff 14% of Workforce by throwawaysleep on Friday November 04, 2022 @09:35AM (#33466427)
For some. Mostly those who beat others.
Re:Stripe Layoff 14% of Workforce by UncleOxidant on Thursday November 03, 2022 @01:24PM (#33454343)
So you can burn out in 1/3 of the time.
Re:Stripe Layoff 14% of Workforce by ajb on Thursday November 03, 2022 @01:22PM (#33454318)
You're screwing over your colleagues, not just your employer. We just fired someone like you.
Re:Stripe Layoff 14% of Workforce by animitronix on Thursday November 03, 2022 @01:45PM (#33454674)
I want to interview him just to confirm I'm correctly screening out people like this guy
Re:Stripe Layoff 14% of Workforce by ZachSaucier on Thursday November 03, 2022 @12:02PM (#33453103)
I believe that this is the case for all employees laid off by Stripe, including myself.
Re:Stripe Layoff 14% of Workforce by gaws on Thursday November 03, 2022 @12:07PM (#33453170)
> I worked nights and weekends all of October.

Just in October? Has this happened before?

Re:Stripe Layoff 14% of Workforce by thunkle on Thursday November 03, 2022 @12:58PM (#33453933)
Ya'll are hyper focusing on the nights and weekends. That was my personal decision, not part of the culture.
Re:Stripe Layoff 14% of Workforce by givemeethekeys on Thursday November 03, 2022 @01:03PM (#33454028)
Due to the recent news of other tech companies making their employees working nights and weekends before laying them off, it is easy to interpret your earlier message such that Stripe did the same.
Re:Stripe Layoff 14% of Workforce by filoleg on Thursday November 03, 2022 @03:04PM (#33455809)
> recent news of other tech companies making their employees work nights and weekends

Are there any companies aside from Twitter that would fall under this? Because that's the only one I've seen mentioned in the news that way, but you make it sound like there are plenty others. So I was curious if I simply missed something.

Re:Stripe Layoff 14% of Workforce by sushid on Friday November 04, 2022 @01:27AM (#33462572)
Startups. If they do the math and the trendline doesn't seem good, they'll make their teams go through a grind before layoffs. It's not necessarily to eke out a bit of productivity, per se, but they're essentially throwing hail marys in the hope that something will happen.

Of course, when it inevitably doesn't they axe a few and the rest go back to work.

Re:Stripe Layoff 14% of Workforce by filoleg on Friday November 04, 2022 @03:36PM (#33472560)
Fair, I agree. For SV startups though, "working day and night" seems to be a fairly common scenario, not specific to these past few months.
Re:Stripe Layoff 14% of Workforce by whimsicalism on Thursday November 03, 2022 @01:34PM (#33454515)
The culture is the product of many personal decisions. If I was working nights and (especially) weekends at my current employer (another big tech company), I would be told to stop.
Re:Stripe Layoff 14% of Workforce by TearsInTheRain on Thursday November 03, 2022 @02:26PM (#33455249)
why is that a good thing?
Re:Stripe Layoff 14% of Workforce by toomuchtodo on Thursday November 03, 2022 @02:27PM (#33455266)
To not drag down everyone else’s quality of life. Culture comes from the top. Defaults matter.

Overarching thesis is the people who work to live don’t want to be dragged by those who live to work.

Re:Stripe Layoff 14% of Workforce by apozem on Thursday November 03, 2022 @03:10PM (#33455872)
The pressure is there if someone on your team works nights and weekends, especially if they are senior to you. They may not even realize they are pressuring you! But it is impossible to avoid.

Something to remember, especially if you have anyone working under you - your work level will be seen as the minimum for your team members, not the exception.

Re:Stripe Layoff 14% of Workforce by danielrhodes on Thursday November 03, 2022 @03:12PM (#33455901)
It seems unreasonable to dictate the way your colleagues work because it doesn't match your own value system. If the culture of the company/team is fast paced or long hours, maybe it isn't the right fit for you.

Generally speaking though, companies should value output and results over hours. Easier said than done. Additionally, value should be placed on what one commits to do and delivers on. So if somebody is constantly having to pull late nights to complete work, they may be overcommitting. It's also possible a manager will consistently push people to overcommit: this is a problem because that can indicate poor boundaries, bad planning, poor resourcing, and so on.

Re:Stripe Layoff 14% of Workforce by kdmccormick on Thursday November 03, 2022 @03:26PM (#33456108)
> If the culture of the company/team is fast paced or long hours, maybe it isn't the right fit for you.

Sure. And if the culture of the company/team is working 40 hours a week max and calling people out when they work more than that, then maybe it isn't the right fit for you.

Re:Stripe Layoff 14% of Workforce by ljm on Thursday November 03, 2022 @03:17PM (#33455987)
I agree with the overarching sentiment, which is to lead by example (even if you're not explicitly in a leadership position).

At the same time I can accept some nuance here, e.g. working nights and weekends because you're taking some time back during the day in the week.

Similarly with remote working, if there's a wide enough timezone difference you might shift your routine to maximise overlap with the team.

I'm strongly in favour of maintaining harmony between work and life such that you're able to comfortably do both, but would not insist on a hard and fast rule.

If someone even further up the ladder says X does nights and weekends, so should the rest of the team, then the buck stops with that person, and they are contributing negatively to the culture.

Re:Stripe Layoff 14% of Workforce by rjh29 on Thursday November 03, 2022 @03:16PM (#33455961)
If some % of people are doing it then everyone will eventually be pressured to do it, otherwise they'll be at the bottom of the performance list. (Unless they are very good)
Re:Stripe Layoff 14% of Workforce by carstenhag on Thursday November 03, 2022 @04:47PM (#33457269)
In Germany that is required by law (if your employer sees you working when ill, working too long, working too much - they have to force you to stop).

If not by law, then because almost noone is happy working 60-70h and it puts pressure on others who feel like they also need to work similar hours. Additionally the efficiency gets worse as the weekly hours increase.

Re:Stripe Layoff 14% of Workforce by Klonoar on Friday November 04, 2022 @03:23AM (#33463174)
There are absolutely teams at Stripe where they would tell you to stop doing that and work normal hours.
Re:Stripe Layoff 14% of Workforce by hnews_account_1 on Thursday November 03, 2022 @02:51PM (#33455608)
Don’t worry. Online forums are always like that. They’ll pretend like they’ve never had a high pressure job that paid out handsomely if you applied yourself and hence motivated you to work harder. To them, they think everyone should have work life balance from the age of 23 just because they’ve discovered its importance at 32 years of age.

Young people have to work hard. I don’t expect my reports to work on any evenings or weekends and if they even suggest it, I tell them not to and give them more lead. At the same time, if they override my decision and work through the evening, I am ready to answer questions over IM if I’m free too. I’m not going to say “why are you working evenings?”.

People online are daft.

Re:Stripe Layoff 14% of Workforce by truncate on Thursday November 03, 2022 @03:15PM (#33455937)
I just reached my 30s, and have pretty good WLB. Good WLB is just part of the picture though. You can work 5 hours a day and be miserable, and you can work 12 hours a day and be happy. It's also nice to have flexibility and independence I think. Being forced to work 12 hours always sucks over voluntarily working 12 hours.

I'd not recommend 23yo to stay chill in job, particularly if they have some ambition. At the same time, don't devoid yourself of other experiences in life if possible. Honestly, there is plenty of time in a day. If we have good discipline and prioritize correctly, lot can be done. That's what I struggle with personally.

Re:Stripe Layoff 14% of Workforce by hnews_account_1 on Thursday November 03, 2022 @04:04PM (#33456728)
Yes. Typically the guy who is working harder also happens to have varied interests. I’ve yet to see a work drone without an outside life who is doing 24/7 work. If I see them, I’d definitely limit them from work. I was the same 23 yo. I had an active social life and all the troubles of finding love etc. I did all right. Maybe a little worse than some of the folks I see today.
Re:Stripe Layoff 14% of Workforce by gurumeditations on Thursday November 03, 2022 @03:12PM (#33455892)
That is so willingly naive. A culture that allows something which grants an advantage eventually requires you do that thing by implicit force. Don’t fool yourself. This is 101 stuff and anyone who doesn’t understand this concept shouldn’t be in charge, because it doesn’t just lead to overwork but also to more pernicious evil things, see MeToo and others.
Re:Stripe Layoff 14% of Workforce by hnews_account_1 on Thursday November 03, 2022 @04:01PM (#33456683)
This is nonsense. You want to muzzle a hard worker because you think the rest of the workforce will not match up? What I count is the output, not if people are working evenings and nights or during the workday. Work output is capped by what I require so I hold all the cards and I’ll pay the guy who wants to work more.

Harrison Bergeron much?

Re:Stripe Layoff 14% of Workforce by lmarcos on Thursday November 03, 2022 @04:39PM (#33457168)
It could be as well that it's an European thing. At least over here work is just work (9 to 5, or less if possible), so we prefer to spent life with friends and family. Yeah, we don't earn $500K/year, but that's alright.
Re:Stripe Layoff 14% of Workforce by hnews_account_1 on Thursday November 03, 2022 @04:50PM (#33457311)
Yeah exactly. I don’t think of a worker who wants to stick to 9-5 as worth less until appraisal. I may still give them a full rating but not as much in bonus. You’re already paid plenty just to do your daily job. If anyone is going above and beyond in meaningfully productive ways, they get paid more.
Re:Stripe Layoff 14% of Workforce by cr4nberry on Thursday November 03, 2022 @11:16PM (#33461636)
This feels odd to read as an American. I have a hard time understanding how anyone could make the next AWS on just a 9-5
Re:Stripe Layoff 14% of Workforce by hazyc on Thursday November 03, 2022 @11:36PM (#33461819)
Not sure if you're joking, but "we prefer to spent life with friends and family" implies that they have no interest or desire to build the next AWS.
Re:Stripe Layoff 14% of Workforce by badpun on Friday November 04, 2022 @04:57AM (#33463670)
> I have a hard time understanding how anyone could make the next AWS on just a 9-5

Why? Surely it's doable within the 9-5 schedule (plus some people for the on-call rotations), it would just take a bit longer?

Re:Stripe Layoff 14% of Workforce by cr4nberry on Friday November 04, 2022 @05:37AM (#33463934)
Maybe because you'd have to go the extra mile to outdo competition and gain a majority market share.

It isn't just the 9-5, but the idea that your job stops when you leave the office. If people see it as a transactional relationship only, it means there's less investment in the product

Re:Stripe Layoff 14% of Workforce by hnews_account_1 on Friday November 04, 2022 @08:35AM (#33465539)
People may have no desire to build the next aws. That is fine too. He’s not claiming to have a world changing job.
Re:Stripe Layoff 14% of Workforce by unity1001 on Thursday November 03, 2022 @07:18PM (#33459317)
> Young people have to work hard

If people have to work hard to make a good living in the 21st century that we are now in, then it means that whatever society they are in has failed.

Re:Stripe Layoff 14% of Workforce by refurb on Thursday November 03, 2022 @09:57PM (#33460877)
No it's not. Clearly our standard of living keeps improving, so costs keep going up.

I could work 10 hours a week and easily afford a 1920's lifestyle. But I prefer 21st century healthcare.

Re:Stripe Layoff 14% of Workforce by unity1001 on Thursday November 03, 2022 @10:48PM (#33461414)
> But I prefer 21st century healthcare

Perfectly viable anywhere without privatized healthcare.

Today, we are able to have only ~10% of the population work, and keep all the living standards of the 90% majority.

Re:Stripe Layoff 14% of Workforce by refurb on Friday November 04, 2022 @12:56AM (#33462371)
No, you’re not going to be able to afford gene therapy on a 1920’s income
Re:Stripe Layoff 14% of Workforce by unity1001 on Friday November 04, 2022 @03:15PM (#33472211)
Gene therapy is still experimental. So its not an argument.
Re:Stripe Layoff 14% of Workforce by hnews_account_1 on Thursday November 03, 2022 @10:00PM (#33460910)
Unless you are born disabled, you’d better be born in a society that values hard work. At least until we reach self sustaining societies where no one needs to work, the dynamics of which are not worth speculation from our current standpoint in history.
Re:Stripe Layoff 14% of Workforce by unity1001 on Thursday November 03, 2022 @10:47PM (#33461399)
> At least until we reach self sustaining societies

We are beyond 'self sustaining society'. We are throwing away food to protect market prices, we have planned obsolescence that makes perfectly fine devices to be thrown away to force people to buy new devices, we have more empty houses than the number of homeless.

The existing scarcity is artificial. Not something real.

Re:Stripe Layoff 14% of Workforce by hnews_account_1 on Friday November 04, 2022 @08:33AM (#33465517)
Again this is incorrect. The only thing we have is artificial food security where we have issues with transport despite manufacturing enough to end global hunger. There isn’t enough housing to accommodate everyone. If you mean there are enough buildings, that is a cruel joke to the homeless.

Lol the best part though is thinking we are post scarcity. I thought this place had more brains than reddit or other idiotic forums.

Re:Stripe Layoff 14% of Workforce by unity1001 on Saturday November 05, 2022 @01:28AM (#33478256)
Sorry, all of your propositions are incorrect. But Im not interested in engaging a lengthy discussion.
Re:Stripe Layoff 14% of Workforce by cr4nberry on Thursday November 03, 2022 @11:14PM (#33461617)
Maybe because they enjoy work and the learning that comes with it? Or because they want to outdo the preexisting products?
Re:Stripe Layoff 14% of Workforce by reducesuffering on Thursday November 03, 2022 @03:04PM (#33455807)
Actually, with a 3.1 WLB rating, it seems that it likely is very much part of the culture. https://www.teamblind.com/company/Stripe/reviews
Re:Stripe Layoff 14% of Workforce by petrusnonius on Thursday November 03, 2022 @06:39PM (#33458923)
It is.
Re:Stripe Layoff 14% of Workforce by berjin on Thursday November 03, 2022 @03:15PM (#33455944)
But in doing so were you not influencing the culture? Depending on how promotions etc work others might feel they need to keep up with that one guy working in the weekend.
Re:Stripe Layoff 14% of Workforce by lmm on Thursday November 03, 2022 @07:20PM (#33459333)
So you chose to undermine your colleagues and a somewhat decent culture, to gain a lead in a race to the bottom? That's even worse than enabling a company that's already shitty.
Re:Stripe Layoff 14% of Workforce by qwertywert_ on Thursday November 03, 2022 @10:38PM (#33461303)
Stripe is a competitive company from reviews, maybe he enjoys a fast-paced busy environment. He gets paid for it. If people at Stripe don't like that culture they can very easily leave and get a more relaxed job.
Re:Stripe Layoff 14% of Workforce by TorKlingberg on Thursday November 03, 2022 @12:58PM (#33453938)
> Sucks because my manager was only told this morning

As a manager I find their really curious. I guess they were trying to avoid leaks. I wonder how they chose who to lay off. Most recent performance rating? Next level managers impression?

Re:Stripe Layoff 14% of Workforce by mik3y on Thursday November 03, 2022 @01:34PM (#33454526)
Yes, it's normal for layoffs to be planned and executed by a very small group, typically to avoid leaks or creating hysteria ahead of decisions being finalized. This typically means less-than-perfect information is available, and so less-than-scientific cuts are made.

"Ideally", your layoff strategy dictates some cuts regardless of performance: Say we're shutting down the self-driving car division, folding up recruiting, or choosing to accept the risk that comes with getting rid of the whole security team; sadly, the performance of the individuals involved isn't really considered.

Tenure, seniority, and comp are also factors that can come into play & are straightforward to establish without lower-level involvement.

Re:Stripe Layoff 14% of Workforce by anyfoo on Thursday November 03, 2022 @03:12PM (#33455902)
> Say we're shutting down the self-driving car division, folding up recruiting, or choosing to accept the risk that comes with getting rid of the whole security team.

Did you intend this to be a spit take? The sentence read about the same as “Say you’re taking a stroll around town, visit a few cafés, or decide to end the day by jumping into an active volcano.”

Re:Stripe Layoff 14% of Workforce by BayesianDice on Thursday November 03, 2022 @03:45PM (#33456417)
I'm guessing a reference to Patreon in September this year: https://techcrunch.com/2022/09/09/patreon-security-layoffs/
Re:Stripe Layoff 14% of Workforce by anyfoo on Thursday November 03, 2022 @03:55PM (#33456582)
Wow, thanks for the link, I did not know. That's... bad.
Re:Stripe Layoff 14% of Workforce by isbjorn16 on Thursday November 03, 2022 @04:23PM (#33456968)
bit like seeing someone jump into an active volcano, really
Re:Stripe Layoff 14% of Workforce by mik3y on Thursday November 03, 2022 @04:44PM (#33457238)
No, I didn’t mean it that way or in reference to a specific company - although I can see how it read that way! Your comment made me laugh.

The point was more that layoffs can take out big slugs of staff without considering the individual, in a few different ways: initiatives we can just cancel completely (self driving cars); people we will likely need later but less in the shorter term (recruiting); or places where we consciously take on added risk (losing security).

I do think that for the company that sacked their security team, the executives may very well have had a full understanding of the risks it created — but couldn’t easily say so publicly (“we chose to 10x our risk of a security incident, so we keep 1 more product initiative staffed which might save us”). Just speculation. Not a situation I think many of us would be comfortable in.

Re:Stripe Layoff 14% of Workforce by NateEag on Friday November 04, 2022 @08:44AM (#33465631)
frankly, as someone who is absolutely not a security expert but who pays attention to security concerns, most security efforts provide very little business benefit.

What was it Steve Yegge said in that legendary platforms rant?

"But I'll argue that Accessibility is actually more important than Security because dialing Accessibility to zero means you have no product at all, whereas dialing Security to zero can still get you a reasonably successful product such as the Playstation Network."

Even if you get bit by a huge data leak, it's just not going to matter that much (from a business perspective) if you already managed to become a big, significant part of the world (like PSN or Equifax - they're still around today, largely unimpacted by their screwups).

If you don't manage to become a big, significant part of the world, security successes or failures just won't matter that much. You don't have a lot of value, because you don't have a huge treasure trove of data, so you're not a primary target for most attackers. You'll sit there being irrelevant, and if there is a breach someday, probably neither you nor any of your handful of customers will actually notice."

Am I content that the world functions this way? No.

But I think it's important to recognize that it does.

Re:Stripe Layoff 14% of Workforce by taude on Thursday November 03, 2022 @05:01PM (#33457479)
It's even more common to hire one of the big consulting firms to do most of this. Every layoff at large companies I've been involved with was done via a Bain, BCG, etc...
Re:Stripe Layoff 14% of Workforce by nullc on Thursday November 03, 2022 @07:27PM (#33459402)
> , typically to avoid leaks or creating hysteria ahead of decisions being finalized

When a layoff is known to be coming, the best and most employable people will often head for the doors quickly... leaving the company with a greater concentration of less desirable employees.

If it's by surprise then you'll lose fewer of the people you wanted to keep.

Re:Stripe Layoff 14% of Workforce by hn_throwaway_99 on Thursday November 03, 2022 @10:33PM (#33461254)
I don't that's really generally true. If it seems like the company is a "sinking ship", then yes, people who can see the writing on the wall and have food opportunities elsewhere will often leave quickly.

But in this case, nobody is worried about Stripe's long term trajectory or viability. I doubt the best and most employable people are leaving Stripe.

Re:Stripe Layoff 14% of Workforce by emodendroket on Friday November 04, 2022 @01:51AM (#33462689)
That assumes the "best and most employable people" are confident in their own status as such.
Re:Stripe Layoff 14% of Workforce by saiya-jin on Friday November 04, 2022 @04:59AM (#33463684)
Imagine you had a recruiter call you for this next gig at great company which has +20% salary bump. Once you hear something bad is coming in your current company and no idea if you will be caught in it or not, its much easier step to just go and accept the next offer that you would otherwise pass.
Re:Stripe Layoff 14% of Workforce by dmurdoch on Thursday November 03, 2022 @01:33PM (#33454508)
I work at a company that did layoffs recently as well, about double this size.

Our managers also had no idea until day of. The entire day was spent watching co workers google calendars and slack accounts. Once they got a meeting booked with HR, their meeting titles all turned into "busy", so we would know who is getting cut and who wasn't. It was a brutal day.

In our case I don't think they were picking people based on performance whatsoever. It seemed to just be about who was paid the best and who in the org structure could have their job removed and someone else take over. Really weird.

Re:Stripe Layoff 14% of Workforce by pc86 on Thursday November 03, 2022 @01:49PM (#33454732)
Is it "really weird," though? Layoffs, especially when you start talking about entire teams, divisions, products, etc. is about revenue, profitability, and righting the ship (or safeguarding the ship so you don't have to right it 6 months from now). Whether Jim got "exceeds expectations" or "greatly exceeds expectations" is irrelevant when an EVP needs to trim $12M off their budget and Jim's department lost $9M last year.
Re:Stripe Layoff 14% of Workforce by imchillyb on Thursday November 03, 2022 @02:50PM (#33455591)
> Is it "really weird," though? Layoffs, especially when you start talking about entire teams, divisions, products, etc. is about revenue, profitability, and righting the ship (or safeguarding the ship so you don't have to right it 6 months from now). Whether Jim got "exceeds expectations" or "greatly exceeds expectations" is irrelevant when an EVP needs to trim $12M off their budget and Jim's department lost $9M last year. -@pc86

What a bullshit corporate apologist take on mass firings you have there @pc86

If the ship requires "righting" then management -the entire team- should be the first to go. And, yet, those positions never are the first layed off. Instead, it's the ones that need the monies, and had no decision making power at the company.

The 'righting' came because of shitty financial decisions made from top-down. The top should be fired first and foremost. The company wouldn't be in the position its in if management were doing their fucking jobs.

Re:Stripe Layoff 14% of Workforce by JBlue42 on Thursday November 03, 2022 @03:03PM (#33455800)
I feel like pc86 was just being straightforward about how those decisions are made. They can speak for themselves though.

When I was part of a mass lay-off, it was big enough to trigger CA state law where they had to detail everything. You could clearly see that it was strictly based on who was paid the most (below the managerial level).

>The 'righting' came because of shitty financial decisions made from top-down. The top should be fired first and foremost. The company wouldn't be in the position its in if management were doing their fucking jobs.

Should but rarely, if ever, happens. Some even get a larger bonus when meeting next quarter targets or some other short-term indicator.

Re:Stripe Layoff 14% of Workforce by pc86 on Thursday November 03, 2022 @03:12PM (#33455905)
You are correct I was just saying what typically does happen, not what should happen.

And when someone responds with so much misguided anger it's not even worth the effort to respond.

Re:Stripe Layoff 14% of Workforce by furbyhater on Thursday November 03, 2022 @03:13PM (#33455919)
> it was strictly based on who was paid the most (below the managerial level)

The "(below the managerial level)" part is the problem and the reason it is outrageous to people invested in a company but not in a position of power (such as the actual developers/engineers, even in a tech-centric company, at least once it has grown to a given size).

Re:Stripe Layoff 14% of Workforce by pc86 on Thursday November 03, 2022 @03:27PM (#33456131)
A lot of times what you'll see done is structured more as a reorg than just a straight layoff, where if they need to trim $xM from the budget, they'll start shrinking and eliminating teams at the IC level until they reach .7-.8 of that figure, then see how many "extra" managers they have and start trimming there, typically just based on seniority rather than pay. Rinse and repeat until you're at .9-1.1x depending on how many people you think will resign after the layoffs.
Re:Stripe Layoff 14% of Workforce by cragfar on Thursday November 03, 2022 @02:50PM (#33455595)
A common sentiment you see on the internet (especially from younger people who haven't experience a tough labor market) is that only the low performers get laid off. So I can see how they think it's really weird if managers aren't involved.
Re:Stripe Layoff 14% of Workforce by newsclues on Thursday November 03, 2022 @03:52PM (#33456526)
If layoffs are occurring, companies or managers are going to want to cut poor performers or trouble employees at that time.

So if younger employees are saying it's cutting low performers, and the rest are left as the younger and lower paid workers to pick up the slack, where senior levels are cut indiscriminately or based on salary, because they are higher paid and the goal is to cut expensive workers.

Re:Stripe Layoff 14% of Workforce by throwaway16273 on Thursday November 03, 2022 @04:27PM (#33457023)
I was part of lay offs some years ago. Managers didn’t know until the day of, and it wasn’t based on performance. All the performance reviews were already done months before. Some people were even due for promotions.
Re:Stripe Layoff 14% of Workforce by ghshephard on Thursday November 03, 2022 @04:51PM (#33457320)
Low performers always 100% of the time get dropped during layoffs. It's the one window that companies can mostly let go of employees without being sued. (Though, if they lay off too many people in a protected class, still can get sued). What's interesting about a lot of the division or sector-downturn layoffs, that you end up seeing solid performers, and, when you are dropping a good portion of your division - very good performers let go. Most companies try to make a play for keeping their 10x developers - but, I've been in layoffs (Browser Division, Netscape, 1997sh) - where just absolutely everyone was dropped, regardless of performance.
Re:Stripe Layoff 14% of Workforce by scarby2 on Thursday November 03, 2022 @06:04PM (#33458478)
> Low performers always 100% of the time get dropped during layoffs.

This is totally not true. Usually they make jobs redundant not people. If there's a pool of people doing the same job and that headcount is reduced then it will often be the lowest performers that go however some places have done LIFO or cut the most expensive.

However if you're doing layoffs and you reduce your frontend team the it's likely low performers from the backend team get to stick around.

Re:Stripe Layoff 14% of Workforce by emodendroket on Friday November 04, 2022 @01:53AM (#33462706)
When I saw layoffs at a small company (i.e., you could know all the engineers in the company) you could have probably guessed who they would have been by how well they seemed to perform. When I saw it in a big company, not much rhyme or reason tbh.
Re:Stripe Layoff 14% of Workforce by zimzam on Friday November 04, 2022 @09:19AM (#33466171)
Which "makes sense" since companies usually try to keep the team deciding who to lay people off very small for fear of leaks. So the n people at a small company making the decisions might know everyone but the same n people at a large company might barely even know the names of all the middle-managers much less all the individual contributors and how well they are each doing within their role.
Re:Stripe Layoff 14% of Workforce by emodendroket on Friday November 04, 2022 @02:38PM (#33471647)
Yeah, it was a bit of a surprise at first (not least because I was included, haha) but you’re right.
Re:Stripe Layoff 14% of Workforce by ghshephard on Friday November 04, 2022 @03:48PM (#33472759)
I've been through 18 layoffs since 1996, about 12 of them while in management. I can only speak to the Bay Area - practices may be different outside. You are correct, that lots of times positions/jobs are made "redundant" as part of the layoffs - but speaking as someone who both observed, and participated in the process - those "redundant" positions were quickly backfilled after the layoffs if there was any need.

The one exception might have been when the entire browser division was dropped back in Netscape - everyone was chopped there - but I can't say with certainty whether low-performing Server Division people were impacted (though IT and HR positions were chopped). So - fair, when a division or operating group is cut wholesale, low-performers in other divisions might not be dropped - but knowing the mindset of management - they really like to take advantage of a layoff as a "get out of jail free" card to let someone go. Much less stress, and way, way less paperwork.

Re:Stripe Layoff 14% of Workforce by yodsanklai on Thursday November 03, 2022 @06:17PM (#33458642)
> if they lay off too many people in a protected class, still can get sued

That's interesting, but how would you know? suppose you're in a protected class, and suspect some form of discrimination. How would you fight it?

Re:Stripe Layoff 14% of Workforce by heavyset_go on Thursday November 03, 2022 @11:42PM (#33461864)
Everyone is in a protected class because everyone has a nationality, immigration status, ethnicity, sex, sexuality, etc.

The EEOC investigates workplace discrimination, so if you suspect it, it would help to file a complaint with them. They can gather evidence to determine if discrimination took/takes placr and hold the employer accountable.

Re:Stripe Layoff 14% of Workforce by ghshephard on Friday November 04, 2022 @03:52PM (#33472808)
One of HRs jobs is to track % of people who are > 40. If you are a company of 1000 employees, and you are 25% of each age group 20+,30+,40+,50+ and you do a 100 person layoff, and 100% of them are 40+ - you will be sued and they will almost certainly win.
Re:Stripe Layoff 14% of Workforce by okaram on Thursday November 03, 2022 @06:50PM (#33459057)
Most layoffs will include some low performers, but almost never only or all low performers.

If lucky and done right, performance will (inversely) correlate with probability of layoff.

Re:Stripe Layoff 14% of Workforce by couchand on Thursday November 03, 2022 @04:17PM (#33456873)
Yeah, and don't let anybody ask what compensation the EVP is getting, there's definitely no fat to trim there...
Re:Stripe Layoff 14% of Workforce by jcadam on Thursday November 03, 2022 @04:35PM (#33457141)
Hey if you don’t pay top dollar for quality executive talent, you might end up with people who run the company into the ground slightly faster.
Re:Stripe Layoff 14% of Workforce by wongarsu on Thursday November 03, 2022 @05:47PM (#33458210)
Assuming perfect information, Jim's skill being transferable, and Jim's performance eval being objective, you'd expect that the company would profit from transferring Jim and other top performers to their profitable products, and cutting the worst employees from those projects (after all, even a department making profit is likely to have some employees on the low end of the performance bell curve).

Of course that isn't as easy because of morale, team cohesion, performance evals rarely being comparable across teams, and people being not as fungible as the above suggests. Not to mention all the work this takes, in a time when you probably have other worries. So maybe it's not "really weird", just "not immediately obvious"

Re:Stripe Layoff 14% of Workforce by throwaway292939 on Thursday November 03, 2022 @09:11PM (#33460393)
Exactly. Layoffs are done in a way order to preserve the company given less resources.
Re:Stripe Layoff 14% of Workforce by dboreham on Thursday November 03, 2022 @05:46PM (#33458192)
Hmm. I think we were at the same place.
Re:Stripe Layoff 14% of Workforce by ffggvv on Thursday November 03, 2022 @01:38PM (#33454587)
not at stripe but another similar company that recently had layoffs.

ones at my company were decided by the next level manager, based on the most recent perf review

Re:Stripe Layoff 14% of Workforce by naasking on Thursday November 03, 2022 @02:00PM (#33454892)
> As a manager I find their really curious. I guess they were trying to avoid leaks.

That's something I don't quite get. This adversarial relationship between employees and employers and management is stupid. Why not tell the workforce you have to cut costs, so if you're thinking of changing careers now is the time. Whoever is left presumably wants to stay.

Re:Stripe Layoff 14% of Workforce by lazide on Thursday November 03, 2022 @02:16PM (#33455102)
Like the court system being adversarial, it’s that way because it’s the only thing that scales, for a number of reasons. The longer a company can avoid it/bigger they can be without it, the better everything is. At some point however, it’s inevitable.

To answer your second question, because the ones who leave are often the ones with the most options and lowest risk to themselves if they are unemployed, which highly correlates with those who are the ‘best’ (in most hiring managers minds).

So it’s pretty common for all the ‘high performers’ to bail (happens anyway, but to a lesser extent on it’s own the moment ‘growth’ isn’t the first thing on peoples minds), and the folks left behind to be those that don’t feel comfortable finding another position.

Either because they have a mortgage hanging over their heads, or don’t feel confident in their skills, or are preoccupied with other responsibilities (kids, older parents, etc) and have less free time/are less interested in doing extra hours, or just hate interviewing, etc.

It’s basically the equivalent of a hot/pretty boyfriend or girlfriend. They are able to find other options easier, so tend to be the first to bounce if they stop getting what they want.

If you’re a manager, that’s obviously not great. Especially if you’re shallow.

Re:Stripe Layoff 14% of Workforce by naasking on Thursday November 03, 2022 @02:19PM (#33455140)
> To answer your second question, because the ones who leave are often the ones with the most options and lowest risk to themselves if they are unemployed, which highly correlates with those who are the ‘best’.

Maybe, but some of these "best" people might just leave after a round of layoffs anyway right? And now you're even more short-staffed than you wanted to be.

Re:Stripe Layoff 14% of Workforce by lazide on Thursday November 03, 2022 @02:24PM (#33455217)
Yup!

Though the issue they are trying to solve appears to be having too many staff (overall).

Understaffing is almost always a local/team level concern.

As long as nothing important implodes after the cuts, it’s working as intended from their perspective.

The line and middle managers are the ones who always get really screwed in these situations, as they’re the ones responsible for figuring out how to keep who they need and keep things running (and growing!) while having the rug pulled out from under them staffing wise (and probably in other ways too).

This is when you figure out what (if any) power they have, how well they can prioritize, and what their personal character really is.

Will they level with people, cut things that don’t matter (as much), even if it’s a hard decision, give people flexibility where it matters, go up to bat for folks who it’s important that be done?

Or will they deflect, throw people under the bus to avoid making hard calls, and emotionally manipulate who’s left to keep things afloat while burning them out and underpaying them?

Re:Stripe Layoff 14% of Workforce by cldellow on Thursday November 03, 2022 @02:18PM (#33455129)
Some possible reasons:

You may not get the number of volunteers you need, so you still have to do layoffs. Except now, more people have been stressing about it for a longer period of time.

The "low performers" who will have a hard time finding a new job elsewhere are unlikely to voluntarily leave. So you offer a buyout package to derisk the decision for them. But then the "high performers" who you'd rather retain might decide that yeah, it's easy to get a new job, so they'll take a sack of cash and go do something new.

Re:Stripe Layoff 14% of Workforce by naasking on Thursday November 03, 2022 @02:27PM (#33455271)
Yes, there's stress associated with possible layoffs, but buyout packages and knowing it's not going to happen for, say 6 months, means there's loads of time to make the necessary adjustments. I think a big part of the stress is the suddenness of it all. Something like 50% of people are living paycheque to paycheque, so of course a sudden round of layoffs would be crazy stressful because there's a chance that your life is about to implode. Knowing you have 6 months to figure something out would not be nearly so bad.

So what I'm suggesting is that you announce ahead of time and let people who were considering a change go ahead.

Then when that deadline is reached, you offer those buyout packages to the low performers or others you don't want, until you reach your target.

Re:Stripe Layoff 14% of Workforce by cldellow on Thursday November 03, 2022 @02:35PM (#33455385)
> Knowing you have 6 months to figure something out would not be nearly so bad.

Is the idea that the company tells the affected employees, "Hey, we're planning on firing you in 6 months. We'll pay you severance then, unless you've already quit and found a new job. Or, if one of your peers-who-we're-not-planning-to-fire finds a new job, we'll keep you."

If I'm the company, that doesn't seem very attractive to me -- I've told the employee something that's going to taint the business relationship and make the next six months very awkward.

If the idea is that the company says generally "We need to reduce headcount by 14% in 6 months", I'm not convinced this changes the stress factor much. During those 6 months, a bunch of employees will be seeking assurances that _they_ won't be in line to be fired. This will create a bunch of tension among colleagues. In 6 months, a whole bunch of people are still going to get fired. They'll have had 6 months in which they could perhaps have saved more money, but they're still getting fired. The trauma is still going to be significant.

Re:Stripe Layoff 14% of Workforce by cldellow on Thursday November 03, 2022 @02:55PM (#33455676)
I'm open to the idea that there might be some employees who would find this more humane.

However, I think a lot of people really struggle with uncertainty. During these six months, especially in a large corporate environment, there would be a lot of horse-trading. Employees will seek assurances they won't be fired. They may avoid projects or people they think are likely to get cut.

At the same time, the business likely has an idea of where they want to go. The "in" managers will navigate their preferred people to safe projects. But there isn't room in the boat for all of their employees -- after all, the business has announced the target for layoffs.

This was my experience when I was at Microsoft during their horribly ill-conceived layoffs in 2009. They basically announced that there would be 3 rounds of layoffs tallying up to 5,000 people over the next several months. It was... incredibly demoralizing.

I still remember one fellow on my team who got fired in the 2nd or 3rd round. He took it poorly (understandably!) and then ripped into the people who didn't get fired (also understandable, but still really shitty).

I don't really know that the advance warning helped him. I think he knew he was likely to get fired when layoffs were announced. Being a dead man walking... not very good for anyone, really.

Re:Stripe Layoff 14% of Workforce by kmonsen on Thursday November 03, 2022 @03:58PM (#33456616)
I struggle with uncertain, I struggle even more with not being able to pay the bills. I think I’m not alone.

Uncertainty is important in general but right here right now I’ll take it.

Re:Stripe Layoff 14% of Workforce by cldellow on Thursday November 03, 2022 @04:20PM (#33456917)
I think you're saying that if you were being fired, and you were given a choice of:

(1) you're fired immediately, with 3 months severance pay

(2) 6 months notice, at the end, you're fired with no severance pay

you'd prefer the second choice?

That's reasonable!

The uncertainty I was describing in my comment applied not only to the fired employees, but to the ones who were being kept. From the company's perspective, there's value in providing clarity to those employees. That's why they'd rather pay 3 months severance (and get no labour from the employee) vs paying 6 months notice (and, theoretically, getting 6 months of labour from the employee).

Re:Stripe Layoff 14% of Workforce by kmonsen on Thursday November 03, 2022 @07:28PM (#33459420)
That makes sense, but I think there will be lots of uncertainty in the company after the first wave of layoffs. It’s quite likely there will be more.
Re:Stripe Layoff 14% of Workforce by jlrubin on Thursday November 03, 2022 @02:13PM (#33455055)
that'd cause an org wide panic, and you might lose key personel in your actually profitable business units. cutting costs at this scale is not just reducing employees, it's getting rid of employees who are working in areas you need to cut. the secrecy lets management retain control.
Re:Stripe Layoff 14% of Workforce by naasking on Thursday November 03, 2022 @02:20PM (#33455165)
> cutting costs at this scale is not just reducing employees, it's getting rid of employees who are working in areas you need to cut.

Sure, but if people are going to leave after cost cutting is announced, then you can often shuffle people from those areas into other areas without dealing with whole hiring rigamarole.

Re:Stripe Layoff 14% of Workforce by reikonomusha on Thursday November 03, 2022 @02:25PM (#33455231)
Presumably because you want to lay off 15%, not 50%.
Re:Stripe Layoff 14% of Workforce by winphone1974 on Thursday November 03, 2022 @02:55PM (#33455672)
This is a crazy approach. It signals the company is on trouble so the first to go will be your best, who all have lots of options. Anyone half decent will immediately start risk diversification by looking for other opportunities. Meanwhile nothing will get done by anybody and in the end your left with the dregs.

Far better for everyone involved to do it quick rather than perfect. Those getting let go shouldn't see it coming and those staying shouldn't find out before it's all been done.

Re:Stripe Layoff 14% of Workforce by rightbyte on Thursday November 03, 2022 @03:45PM (#33456410)
The tell in advance approach is common place in countries with strong unions. The company might need to announce layoffs half a year in advance of the actual layoffs.

In effect noone will lose their job quickly unless there is a bankruptcy.

There is probably way less confusion in that way since you know that security guards wont escort you out any minute ...

Re:Stripe Layoff 14% of Workforce by ahoy on Thursday November 03, 2022 @04:21PM (#33456923)
Wage labor in capitalism is by its very nature adversarial, I'd say.
Re:Stripe Layoff 14% of Workforce by freshfunk on Thursday November 03, 2022 @02:10PM (#33455019)
When you want to do broad company-wide layoffs, you have to adopt some broad strategies, otherwise it'll be way too much work to find 15% of the company. It's like trying to do surgery with a scalpel when you really need a saw to amputate an arm.

Imagine the mechanics if they involved every single low-level manager in decision making. You'd never find 15%. Everyone would justify where a person on their team or their team as a whole deserves to be saved. So you apply broader rules (eg certain products, certain types of jobs, performance based). The upside is that you can avoid people-specific favoritism. The downside is that you lose good people in those areas as you're not distinguishing good from bad.

Re:Stripe Layoff 14% of Workforce by rootusrootus on Thursday November 03, 2022 @06:33PM (#33458847)
My current company did a layoff, not quite 15%, but in that ballpark. They went down as far as the directors and gave them a number. I.e. pick X people to lose. This was in addition to some specific cuts where they axed the entire product and all teams associated with it.

It definitely allowed management to cut a few people that had been on their short list for a while.

Re:Stripe Layoff 14% of Workforce by RRL on Thursday November 03, 2022 @02:37PM (#33455404)
The layoff was leaked on Blind 24-48hrs ago
Re:Stripe Layoff 14% of Workforce by seabriez on Thursday November 03, 2022 @04:19PM (#33456905)
There's an ongoing leak about layoffs just about for any company on Blind at any given time whether it will happen or not. Too much trolling to be ever reliable.
Re:Stripe Layoff 14% of Workforce by sharkweek on Thursday November 03, 2022 @03:17PM (#33455972)
I have a number of friends who all work at Stripe and this was definitely a secret circulating among the staff for at least the last week or so, like well beyond the "I wonder if we'll also have layoffs" rumors going around at almost every tech co right now.
Re:Stripe Layoff 14% of Workforce by truncate on Thursday November 03, 2022 @03:33PM (#33456216)
I have a friend who worked at Stripe unit last year. He recently warned me that things are not going well, and he has heard rumors and I should avoid interviewing there. So I think they had some idea that something is going on.
Re:Stripe Layoff 14% of Workforce by bergenty on Thursday November 03, 2022 @05:28PM (#33457932)
Usually squads that aren’t totally “essential”. We ended up firing a lot of our analytics department since our new head wasn’t as data oriented.
Re:Stripe Layoff 14% of Workforce by lay0ffthr0waway on Thursday November 03, 2022 @07:05PM (#33459218)
Apologies for the throwaway account but it's for obvious reasons.

I work at one of the mega-cap tech companies and manage a large team of engineers. It's extremely clear to me based on various pieces of information that I have access to that we'll be having a significant round of layoffs sometimes in the next quarter or two, yet I have zero involvement in the process. I suspect that at some point I'll be officially "told" that it's happening; perhaps the morning of?

Re:Stripe Layoff 14% of Workforce by bitbuilder on Friday November 04, 2022 @01:22AM (#33462537)
Give it some time. I've been the manager of multiple engineering teams that had to undergo cuts, and in most cases I found myself in a situation similar to yours: it was obvious it was coming within months or weeks, but nobody was consulting me (which of course led me to believe I was being cut too).

But in every case, I was either consulted for input, or at least given a courtesy heads before the actual layoffs occurred.

In one case I was looped in a few weeks out and asked to help narrow things down. In another case I was simply shown a list of names the night before and offered a token opportunity to object. The list was sound, and I'm pretty sure my boss was doing me a solid on that one by sparing me the hardest decisions.

Line managers aren't always looped in for a few good reasons. Mainly, to prevent leaks. But also I think it can go a long way towards maintaining morale in a post layoff environment. There are countless anecdotes in these threads with people claiming their managers had no idea. Those same employees are now far less likely to be resentful of their managers for laying off their friends.

Best of luck. I don't envy being in your position.

Re:Stripe Layoff 14% of Workforce by mandeepj on Thursday November 03, 2022 @01:26PM (#33454373)
> my manager was only told this morning, and didn't have a chance to talk

Ha! And, you believed that? They were "told" not to "tell" about it to anyone until official announcement.

Re:Stripe Layoff 14% of Workforce by ceras on Thursday November 03, 2022 @01:31PM (#33454458)
Layoffs do sometimes happen this way. I was an EM at a company with layoffs where line managers were not told at all about layoffs or included in deciding who to lay off: all discussions happened at the director level and up.
Re:Stripe Layoff 14% of Workforce by the_af on Thursday November 03, 2022 @02:07PM (#33454987)
I know it's true this happens because in a recent round of layoffs, my manager not only found on the very same day, but got fired himself.

During mass layoffs, your immediate manager is often not told in advance in order to stop leaks and also because he/she may be one of the people laid off. (You cannot tell only some managers and leave others out, because managers of the same level talk among themselves. The ones left out would know why).

Re:Stripe Layoff 14% of Workforce by melony on Thursday November 03, 2022 @01:28PM (#33454400)
What was your role?
Re:Stripe Layoff 14% of Workforce by blobbers on Thursday November 03, 2022 @01:40PM (#33454614)
This is probably good for re-normalizing behavior.

The corporation is not your friend, and it can quickly turn on you. The bigger the corporation is, the less your realistic impact above replacement is. You may think you can climb the pyramid but it is very difficult to do so in a meaningful way at the mega corps.

If you want to work nights and weekends, do it for yourself or a small company where you can make a difference in outcomes.

Re:Stripe Layoff 14% of Workforce by Tade0 on Thursday November 03, 2022 @03:31PM (#33456194)
This appears to be a trend. A while ago my project owner's role went "poof" and he was notified of this via email the same morning.

The weird bit is that company policy is to award a generous notice period during which... you're not allowed to do anything.

It's been half a year now - most of the benefits of that period(like salary) are gone. He still appears to have access to the office, but nothing to do there.

I don't understand how a company which has such a program for laid off people doesn't bother to notify them in advance.

Re:Stripe Layoff 14% of Workforce by jcadam on Thursday November 03, 2022 @03:37PM (#33456280)
They will always tell you your job is secure up until the day you're let go.
Re:Stripe Layoff 14% of Workforce by andy_ppp on Thursday November 03, 2022 @03:42PM (#33456358)
That’s actually never how it worked at Yahoo! there was a tonne of notice that redundancies were happening and further to that more notice once your job was marked at risk. Seems particularly brutal that there doesn’t seem to be a clear process or reasoning - presumably some metric in GitHub that removes all context about what the employee was doing…
Re:Stripe Layoff 14% of Workforce by grammers on Thursday November 03, 2022 @03:35PM (#33456244)
Best of luck to you, that's tough.

It shouldn't be the case that people can be laid off just like that - particularly if their work was obviously needed.

Re:Stripe Layoff 14% of Workforce by rockostrich on Thursday November 03, 2022 @04:07PM (#33456762)
Sorry to hear that. My company went through a similar deep cut in May 2020 and I also wasn't informed which of my direct reports were getting laid off. After I was informed, I fought for the new hire who joined a couple of weeks earlier who was let go over one of the underperforming engineers (who has since improved a lot after getting feedback and working with me on their issues). The new hire was already contributing more and it was clear they picked up on both technical and non-technical concepts very quickly.
Re:Stripe Layoff 14% of Workforce by orsenthil on Thursday November 03, 2022 @04:19PM (#33456901)
> Sucks because my manager was only told this morning, and didn't have a chance to talk about how well I was doing

Usually, these 14% lay off happens to get rid off weaker folks. It is data driven.

Re:Stripe Layoff 14% of Workforce by another_devy on Thursday November 03, 2022 @06:39PM (#33458929)
You would think that!

When firing 14% staff like more than 1000 and decisions are made by handful of people it’s not about who performed better or worse it’s about firing whom will have more impact on reducing spendings and less disruption in software delivery.

Re:Stripe Layoff 14% of Workforce by orsenthil on Wednesday November 09, 2022 @01:16PM (#33535665)
I know few highly paid engineers survived twitter lay offs. They were very good in their domain, and have been working for more than 10 years at twitter.

Cost of keeping talented high performing, highly paid engineers is lesser than letting go low performing engineers.

Re:Stripe Layoff 14% of Workforce by neoplatonian on Thursday November 03, 2022 @06:09PM (#33458537)
Hey thunkle. Sounds like a tough spot to be in, but as you said, there's always a bright side, and who knows what lies ahead. What would be a good way to contact you?
Re:Stripe Layoff 14% of Workforce by refurb on Thursday November 03, 2022 @09:55PM (#33460860)
Sorry to hear that. No matter what it's always tough.

But I'll share that I've been on the other side - months and months of talk of layoffs, then 6 months later announcement that layoffs will be rolled out over 3 months. Then finally hearing almost a year after rumors started.

I'll say getting it over with has a certain appeal.