striper123
Re:Stripe Announces 14% Layoff
on Thursday November 03, 2022 @10:47PM (#33461401)
I just went through it and I think they did it properly. Effectively the process went like this:
At 9am PST we received the email, a minute or 2 later we received another email, "If your role is being impacted you will receive an email in the next 15 minutes." Then, 15 minutes later, we received another email "If you haven't received an email, you haven't been impacted."
There was only 15 minutes of uncertainty for everybody. It felt well considered. Cold, maybe, but quick.
Re:Stripe Layoff 14% of Workforce
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
on Thursday November 03, 2022 @07:35PM (#33459493)
It's simple, they aren't bleeding cash, the business isn't in trouble, but they aren't seeing enough growth to justify employing all those people for another few years. It's exactly what the email said, they over-hired.
Re:Stripe Layoff 14% of Workforce
on Thursday November 03, 2022 @07:32PM (#33459471)
How come Lyft is only giving 10 weeks? Are they breaking the law?