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1100 layoffs at Bay Area tech companies
- byset 8y agoAmy context to this? Is it an unusually large number of tech company layoffs?
- jchallis 8y agoCreative destruction in practice. Older firms like Oracle / SAP reducing headcount, while newer firms are adding headcount with a net increase in high quality jobs.
- skrebbel 8y agoSAP isn't a "Bay Area tech company" though.
- jchallis 8y agoI think the only thing these workers have in common are area code 650 phones. A consultant for SAP, a cloud architect at Oracle, a fraud analyst at Paypal and a Whole Foods shopper at Instacart have essentially zero overlap in their day to day activities.
- ryen 8y agoBut it did say this: "For SAP, Oracle and PayPal, the majority of the employment reductions will be in software jobs."
- _Codemonkeyism 8y agoWhen you drive down to San Jose you'll see several companies with a SAP logo who have been bought in the last 10 years in the HR space, e.g. SuccessFactors (2011).
- mathattack 8y agoAnd if your company uses SuccessFactors you can see how little they’ve invested in engineering lately.
- maxxxxx 8y agoIt always amazes how bad enterprise systems can be. My company uses SuccessFactors and also a thing called Windchill. After seeing how convoluted Windchill is you will think that SuccessFactors is actually quite decent. Kronos is also a great case study in terrible design.
- xkcd-sucks 8y agoWorking at a startup that does b2b software it's pretty clear. "Tail wags the dog" development and placing the highest priority on C-level personal relationships
- maxxxxx 8y agoIt's the old problem where the decision makers never use what they buy. I hear that's also the problem with a lot of medical software.
- mathattack 8y agoI think it’s caused by a few things: - Enterprise software CEOs are more likely to come from Sales than their consumer counterparts. - Enterprise software has more lock-in. Ones the market is saturated, their best financial move frequently is to milk the existing base rather than improve things. (This is why one should avoid long term contracts like the plague)
- 8y ago
- IloveHN84 8y agoToo expensive salaries? It's funny to see promises such as 400K$/year (compared vs. the rest of the world) and hear stories like this
- wgerard 8y agoThe places where you're promised total comp like that (e.g. FAANG) are not the places laying people off in this article.
- WhiteSource1 8y agoLeft out Imperva, which was bought by Thoma Bravo in January. 150 people let go while the CEO makes $15 million. Mismanaged incentives - employees don't matter, just shareholders.
- stevholt 8y agoJust make the employees shareholders
- _Codemonkeyism 8y agoIf they are not majority shareholders, losing their job will probably have more impact than the share gains.
- sam_lowry_ 8y agoWell, that's the idea of Lenin.
- C1sc0cat 8y agoRochdale Pioneers Actually :-) Yes I do know there where precursors to worker coops in Italy prior to that.
- _Codemonkeyism 8y agoI've followed the up and downs of Mondragon for the last decades. Raiffeisen is known in Germany.
- openloop 8y agoThis is fine.
- hakosees 8y agoSome mun jaani ock po
- Allower 8y agoConsidering Oracle just laid off like 30000 people this doesn't seem like a big deal
- hashberry 8y agoDo these companies foresee an upcoming recession? It seems big companies always try to tighten up before a recession becomes "official."