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They are doing what any company does whether the slow down in the economy impacts them or not. They lie and say it impacts them and use it to do a purge. I wor
by jesuscript 4y ago
They are doing what any company does whether the slow down in the economy impacts them or not. They lie and say it impacts them and use it to do a purge.
I worked at companies that were in no way impacted by the 2008 financial crisis (in fact, business was booming). Leadership managed to use it as an excuse to do a hiring freeze and plead with existing employees that they are the lucky ones and they need to work harder during “this difficult time”. Facebook and Google just turned to that page recently in the “ruthless business playbook: version 1 (it never needed to be updated since the dawn of time)”.
It’s kind of psych 101 stuff. Never underestimate the true nature of business: Amorality.
There is some genuine bullshit going on now days because we have record low unemployment and open job positions. If they say it’s all in the service and labor sectors, well, that just means you gave more people an opportunity to earn money. Those people will then go online and spend it, so how the fuck would Stripe get less business? Unless Stripe is genuinely retarded, in which case I wouldn’t blame the 14% layed off, I’d look to replace leadership. But you see, Stripe isn’t retarded.
Be ready for your company that’s in some booming industry to use the recession and inflation as an excuse.
- thomasjudge 4y agoJust like companies are using the cover of "inflation" to jack up prices (and profits) regardless of if they have cost increases or not
- heliodor 4y agoWho doesn't have cost increases?
- orra 4y agoI’ll rephrase what the other user said: businesses are not typical consumers. And CPI measures typical consumer price inflation. Hence, it's disingenuous for businesses to put up prices by CPI. In fact, businesses putting up prices is often a driver of CPI. Businesses face their own changes in prices, yes, but not by CPI.
- whimsicalism 4y agoBusinesses price at willingness to pay.
- zeroonetwothree 4y agoThey also have the PPI, which measures costs to businesses. It's roughly equal to CPI: https://www.bls.gov/ppi/ https://www.bls.gov/ppi/
- orra 4y agoUsing PPI is probably more honest than CPI. But the other problem remains, that a 'typical' measure doesn't reflect each individual business.
- suzzer99 4y agoA buddy of mine works for a company that makes industrial lighting. He said they raised prices 3x last year and their costs didn't go up at all.
- williamcotton 4y agoWhat about their competitors? Can't they undersell them and capture most of their customers and still have great margins?
- suzzer99 4y agoNo idea. Might be some soft collusion going on. I can't imagine the industry has a ton of players. Or they just took the opportunity when customers are expecting price hikes anyway.
- skeeter2020 4y ago>> because we have record unemployment I inferred that you meant record ^low^ unemployment?
- jesuscript 4y agoYes, fixed.
- pastor_bob 4y ago100% Look at all the openings they have: https://stripe.com/jobs/search https://stripe.com/jobs/search
- jtaft 4y agoMany find the r word offensive. Can you please be kinder and express yourself differently? https://www.verywellfamily.com/what-is-the-r-word-3105651 https://www.verywellfamily.com/what-is-the-r-word-3105651 Your post brings up interesting view points, thanks for sharing.
- jesuscript 4y ago
- kamkha 4y agoI get your frustration here, but keep in mind: your use of that word is not harming Stripe any more than alternatives you could use, but it does harm an unrelated and oppressed group.
- l33t233372 4y agoWhat harm does it do?
- dghlsakjg 4y agoIts unfair to compare people with developmental disabilities to cold-hearted shareholder maximizing sociopaths?
- jesuscript 4y agoHow would you define adult humor? Surely we have some latitude to be a little off color without being straight up racist, (blank)phobic, and vile? We aren’t kids, we have somewhat of a sophisticated ability to be at another level of sarcasm, humor and dark humor.
- dghlsakjg 4y agoRe-read my comment. You may be missing something
- willcipriano 4y agoI have a term for this, that I think I may have coined. The pauper CEO. You'll find him during economic downturns or at the end of successful projects, turning out his pockets and shaking his head. He was rich when he wanted to hire you, fabulously wealthy during the time you put the long hours in and will be located in the poor house when it comes time for you to collect your share of the rewards.
- codyb 4y agoHow much this brings to mind those old black and white newspaper cartoons with the big fat cat in a suit riding on the backs of the poor pulling out his pockets to show how empty they are.
- tech_tuna 4y agoExactamundo. This is why I always say there is one and only one company that ever matters. You Inc.
- ffggvv 4y agothey dont need some excuse, they can do it whenever they want for whatever reason they want. they dont hire the people in the first place if they dont think they need to
- mengibar10 4y agoSpeak volumes for the character of the people who are managing the company. Lay off people who helped you get where you are the moment you feel you won't need them in the future. What avenues have they exhausted before laying off workers? For example my company during COVID chose to make a temporary 3% reduction to salaries rather than laying off the people. That was that year's minimum salary increase. Basically they took what they gave that year. Many companies are very disloyal to their workers, vice versa.