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I'm expecting brutal, decimating, RIF across the industry at the end of Q2.
by malwarebytess 4y ago
I'm expecting brutal, decimating, RIF across the industry at the end of Q2.
- notacoward 4y agoAlso, if things follow the same pattern as I remember from the 90s and 00s, each RIF will be associated with a rise in stock price. So it's not all bad, depending on where you sit relative to the action.
- rubidium 4y agoRIF?
- gowld 4y agoReduction in Force == layoffs
- jonny_eh 4y agoThanks, I wish people could speak clearly.
- Clubber 4y agoIt's a euphemism for layoffs which is a euphemism for mass firings, a la corporate speak. "Rightsizing," is another one.
- malwarebytess 4y agoIt's different from layoffs. RIF comes with the implication that the reduction is permanent.
- Clubber 4y ago>It's different from layoffs. RIF comes with the implication that the reduction is permanent. Academically, yes you're right. Practically, they are the same. No one can afford to sit around and wait a year or two to get rehired after layoffs, if that ever happens; and anytime a RIF happens, the positions are usually refilled once finances are better.
- compiler-guy 4y agoRIF is an industry standard term with a long history. The problem isn’t others speaking unclearly. It’s assuming others are in the wrong rather than being happy to learn something new.
- olddustytrail 4y agoIndeed it is! Part of the token ring header iirc?
- compiler-guy 4y agoContext is everything. In an economic discussion, one would use the economic meaning.
- olddustytrail 4y agoI know. It was a joke. I thought someone with the username compiler-guy might appreciate it but I guess not. Edit: otoh I've been a bit grumpy myself this week so who am I to judge. It wasn't a very good joke. I'll tell you the "youthful porpoise" one next time
- CoastalCoder 4y agoWhy wait? Now I'm curious.
- bombcar 4y agoThe one I’ve heard ends with “transporting underaged gulls across staid lions for immortal porpoises”
- jonny_eh 4y agoThis issue is that the audience of HN isn't limited to industry veterans.
- 4y ago
- olddustytrail 4y agoI too expect brutal, decimating euphemisms across the industry in Q2.
- ilamont 4y agoYes. The causes are different but the effects will be similar. Already open positions are being quietly withdrawn, people leaving are not backfilled, big projects are delayed or cancelled. Then as customers start pulling back or failing themselves, layoffs begin. It's terrible for the people impacted and those left behind who are often called on to take up the slack. My advice for anyone in the position of having to lay off staff: Be decent, help people move on, and do it early and do it all at once, not in uncertain "maybe things will turn around next quarter" waves which destroys trust.