Re:The layoffs will continue until (investor) morale improves
by no_wizard on Sunday March 26, 2023 @08:57PM
(#35321571)
To kick inflation though, it'd need to be more than 5%. In this year, we're probably looking at 8-10% to keep up with inflation.
Re:The layoffs will continue until (investor) morale improves
by gtop3 on Sunday March 26, 2023 @09:33PM
(#35321845)
1. Inflation numbers are hyper local to both individuals and region.
2. If we wanted to use a number with authority we would probably use 6.5%, which is the US Buerau of Labor Static's number for 2022 CPI.
3. My level of precision (one digit) should have been an informal indicator that I was using a rough estimate.
Re:The layoffs will continue until (investor) morale improves
by Aeolun on Sunday March 26, 2023 @09:09PM
(#35321679)
> It's another if you lose the most qualified and respected 6%.
I doubt that’s the case. The people deciding to lay off are just getting rid of 6% of their ‘resources’, they don’t consider that those 6% might be doing 50% of the work.
So 3 years on they’re just wondering why their engineering team is so useless, and thinking back to the good old times.
Re:The layoffs will continue until (investor) morale improves
by gtop3 on Sunday March 26, 2023 @09:17PM
(#35321749)
1. My comment was on managing churn rate, not layoffs.
2. My comment described a process in which talented engineers self select to leave companies, and management only had indirect input on which engineers leave.
The prevailing engineer perspective is that this behavior causes the smartest engineers with options and ambitions will move on. Other top engineers will leave simply because they prefer working with other great engineers. Three years of small plays like this from management is enough to cause complete brain drain, as even those waiting for more vesting will lose optimism. It's one thing to have 6% churn from engineering/product in a year. It's another if you lose the most qualified and respected 6%.