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Re:Stripe Announces 14% Layoff by jgoodhcg on Thursday November 03, 2022 @02:40PM (#33455438)
4 months is relatively generous but...

> if you can't find a new job in 4 months, it's on you,

This statement feels _wrong_. We are all subject to macro trends that we don't have control over. They impact our lives. Even the well off tech people but especially people in other industries.

Re:Stripe Announces 14% Layoff by verst on Thursday November 03, 2022 @02:44PM (#33455507)
Good luck finding a job in this economy now. It's tough for everyone, even the most skilled. Many companies have outright hiring freezes. I just read that Amazon now has a hiring freeze for all corporate jobs, previously this only impacted retail, stores etc
Re:Stripe Announces 14% Layoff by mtkd on Thursday November 03, 2022 @03:17PM (#33455980)
My email has gone from big recruitment finders-fee offers in spring to a drip of single 'seasoned candidate available' contacts in summer to '3 hand picked senior CVs enclosed' this week

It's possibly going to be hard yards for many people over next few months -- but lots of successful companies were born in such periods

I hope it works out for OP and everyone else impacted -- maybe one will build the next Stripe

Re:Stripe Announces 14% Layoff by relaxing on Thursday November 03, 2022 @03:11PM (#33455882)
What economy are you in? I still see plenty of job postings on the East coast.

Anyway, if you were looking for a break from Stripe’s culture you’re not gonna be happy at AMZN.

Re:Stripe Announces 14% Layoff by verst on Thursday November 03, 2022 @04:05PM (#33456737)
I work on cloud computing services (PaaS / BaaS) and infrastructure. All the big employers in this space have hiring freezes.

I used to get 20 recruiting emails from Amazon a month. Now they have a complete corporate hiring freeze. The saying here in Seattle goes that if you can't find a job you could always try one of the many Amazon roles because they were always hiring. Not so anymore.

EDIT: if parent comment is referring to Amazon job postings, the all up corporate hiring freeze was just announced this morning!

Re:Stripe Announces 14% Layoff by system2 on Thursday November 03, 2022 @04:17PM (#33456877)
You are talking about a niche. There is more jobs than employees can fill. Companies are begging to find qualified employees.
Re:Stripe Announces 14% Layoff by mr90210 on Thursday November 03, 2022 @04:54PM (#33457364)
I second that.
Re:Stripe Announces 14% Layoff by verst on Thursday November 03, 2022 @05:50PM (#33458252)
Sure, but what about the psychological impact / feelings of people when reading all the news of hiring freezes?

For example engineers that were laid off at Stripe in Seattle ordinarily have a good chance of getting a job at Amazon, but now Amazon isn't hiring. That combination certainly causes folks to feel uneasy.

Additionally, cities like Seattle are expensive and not all companies pay equally well. If you bought a house on a single income but suddenly cannot find a new job paying enough to pay your bills, then that's a problem too. Previously there were lots of jobs of similar pay to go around. In the current economy that is no longer the case. Suddenly you will need to make some tough choices. Yes we can argue that nobody should have put themselves into such a position in the first place, but buying a house is incredibly difficult in markets like Seattle and San Francisco, and so I don't blame people who are now in this predicament.

Re:Stripe Announces 14% Layoff by system2 on Thursday November 03, 2022 @06:41PM (#33458955)
>but now Amazon isn't hiring

Amazon is not the only company. There are literally millions of companies out there. They can stop being so delicate and suck it up and work somewhere else than FAANG.

>If you bought a house on a single income but suddenly cannot find a new job paying enough to pay your bills

Have you seen the tv show called x-files? Trust No One. Don't make big financial decisions by depending on someone else. Save enough to save yourself from that kind of trouble and find a job. It doesn't need to be Amazon. Suck it up and survive.

I blame people who cry after making $200k+ and not saving. I blame them for making weird financial decisions and thinking their social status depends on their job titles at certain companies. Life is fast and everchanging. You must trust no one and be self sufficient.

Re:Stripe Announces 14% Layoff by srcreigh on Friday November 04, 2022 @01:27AM (#33462568)
Someone from Amazon emailed me a few hours ago
Re:Stripe Announces 14% Layoff by themagician on Thursday November 03, 2022 @03:43PM (#33456390)
People are hiring everywhere, and for like 1/3rd of the jobs you can work from home. It may get nasty in the next few months, but not today.

For most people in the job market today the unemployment rate is literally the lowest it's been in their entire lifetime.

Re:Stripe Announces 14% Layoff by Andrew_nenakhov on Thursday November 03, 2022 @05:24PM (#33457872)
A good strategy is to lower your compensation expectations significantly. You might get paid 40% or 50% of previous pay, but you still have solid ground under your feet and for once you might get an interesting project you always wanted to do, using some tech you never had time to try. Add it's not slavery, you can change jobs again when market improves.
Re:Stripe Announces 14% Layoff by austenallred on Thursday November 03, 2022 @07:56PM (#33459703)
As someone who trains a _lot_ of junior engineers and data scientists, it’s harder than 2021 but for an experienced engineer it’s frankly not that hard to find work right now.
Re:Stripe Announces 14% Layoff by csomar on Thursday November 03, 2022 @09:54PM (#33460851)
Unemployment is near all time lows. The number of employed people is near all time high, and many have quit the job market (due to Covid). We are quite far from the scenario you are describing.

Finding your dream job? Maybe not. Finding a job in this market? It should be cakes.

Re:Stripe Announces 14% Layoff by true_religion on Thursday November 03, 2022 @02:46PM (#33455534)
I think what they mean is that morally, people need to take care of themselves. After four months, a past employer shouldn't still be on the hook for taking care of a person.

The past employer has new employees and that money needs to go to them.

Re:Stripe Announces 14% Layoff by IanPBann on Thursday November 03, 2022 @03:39PM (#33456316)
If they're cutting staff at that quantity it's almost certainly to save money, and the money saved from laying off employees shouldn't be going towards funding new hires.
Re:Stripe Announces 14% Layoff by Taylor_OD on Thursday November 03, 2022 @03:42PM (#33456371)
Right. A SWE I-IV might be easily able to step into another job, even another job with a similar comp level. But lots of folks, even tech folks, cant do it as quickly.

Director of QA? Might be tough and you'll likely turn down 10 manager of QA roles that want you to do hands on work along the way.

UX Research? You have a specific skill set that might be very useful at a large company but a lot of companies will want you to do more or handle more than you did previously.

Thats two examples but there are countless others. Plus a lot of folks go to Stripe as their first FANG+_job. They might not be able to step into another FANG+ role and could have to take a massive pay cut in their next roll.

Re:Stripe Announces 14% Layoff by badpun on Friday November 04, 2022 @05:06AM (#33463727)
> Thats two examples but there are countless others. Plus a lot of folks go to Stripe as their first FANG+_job. They might not be able to step into another FANG+ role and could have to take a massive pay cut in their next roll.

Oh, the woes of dropping from 98th income percentile to 95th...

Re:Stripe Announces 14% Layoff by Taylor_OD on Tuesday November 08, 2022 @11:15AM (#33520628)
I know you are joking but dropping from 250K to 125K is a significant life change and while you would still be fine in most of the US it could be really damaging for many families.
Re:Stripe Announces 14% Layoff by dangus on Thursday November 03, 2022 @06:14PM (#33458595)
Steering a bit into /r/antiwork territory, I agree. We are forced to work. We did not choose to work. The choice is to work or live under a bridge/get woken up by cops and thrown in jail. When employers take away our ability to work, they are directly assaulting our ability to survive.

Wild animals don't have this problem. If you're a deer you literally run around all day eating plants and fucking. Sure, the animal kingdom has a whole host of other concerns, but my point is that we've replaced all those with a system and we don't have any choice but to live within the boundaries of that system.

It's not legal to live a deer's lifestyle as a human.

In our system's status quo, companies are allowed and encouraged to speculatively over-hire. There is no consequence for doing so. They figure that having a few too many employees is an easily correctable problem, so it's safer to just hire aggressively and hope it pans out. If not, oh well, the business isn't the one paying the price.

I think it would be a good idea for businesses to be required to pay average pay out severances to laid off employees, and that requirement should extend beyond this "generous" 4 months. I also think about hourly employees where severance is a foreign concept.

Maybe then they'd run their businesses more conservatively instead of making moonshot gambles with human lives. Maybe it's not the best policy for "the economy" or "innovation" or "competitive business" but we have more than enough resources to provide for the humans of this world, we just choose not to allocate them fairly.

Re:Stripe Announces 14% Layoff by nullc on Thursday November 03, 2022 @07:36PM (#33459506)
https://theanarchistlibrary.org/library/bob-black-the-abolit...

> Wild animals don't have this problem. If you're a deer you literally run around all day eating plants and fucking. Sure, the animal kingdom has a whole host of other concerns, but my point is that we've replaced all those with a system and we don't have any choice but to live within the boundaries of that system. It's not legal to live a deer's lifestyle as a human.

I have a heard of 15 or so deer on my property. I spend a lot of time watching them, they seem to spend most of their time chewing their cud and watching for things that want to eat them but they seem pretty well adapted to it. They have a pretty good life overall. However, the deer don't have a choice either, but if they were given the choice to live as a typical human I doubt they'd take it. :) But then again, most people wouldn't choose to live as deer either.

Re:Stripe Announces 14% Layoff by tedunangst on Thursday November 03, 2022 @06:58PM (#33459141)
Is Stripe not also subject to macro trends?
Re:Stripe Announces 14% Layoff by GordonS on Thursday November 03, 2022 @07:01PM (#33459169)
Stripe have macro-level funding and profits; you can't compare an enormous company to an individual.
Re:Stripe Announces 14% Layoff by radu_floricica on Friday November 04, 2022 @02:16AM (#33462818)
Fair point. It's a bad situation for everybody. Digging for blame probably leads to lockdowns and printing money in the Corona days, and later to eco-legislation being passed in Europe right before Russia started WW3. Plus, of course, Russia for starting WW3. Ah, and China for using real estate as savings accounts, and burning a fair 50% of its international goodwill by squashing civil rights in Hong Kong.

Stripe CEOs are just trying to do right by their company and most of their employees. But yes, times are tough for everybody, and I probably shouldn't have minimized that.