7 ms·

No offence, but they're not putting anybody in the electric chair. They're letting people go with pay until almost March - if you can't find a new job in 4 mont

No offence, but they're not putting anybody in the electric chair. They're letting people go with pay until almost March - if you can't find a new job in 4 months, it's on you, and maybe they weren't wrong to give you up. A dynamic job market includes hiring and firings. At most they have to apologize for some disruption, and they more than made up for that with the severance packages. And about the language - "fire" has a connotation of it being your fault. Being terminated or let go suggests a business decision first, and your performance second. They used the right word.

jgoodhcg 4y ago
4 months is relatively generous but... > if you can't find a new job in 4 months, it's on you, This statement feels _wrong_. We are all subject to macro trends that we don't have control over. They impact our lives. Even the well off tech people but especially people in other industries.
- verst 4y ago
  Good luck finding a job in this economy now. It's tough for everyone, even the most skilled. Many companies have outright hiring freezes. I just read that Amazon now has a hiring freeze for all corporate jobs, previously this only impacted retail, stores etc
  - relaxing 4y ago
    What economy are you in? I still see plenty of job postings on the East coast. Anyway, if you were looking for a break from Stripe’s culture you’re not gonna be happy at AMZN.
    - verst 4y ago
      I work on cloud computing services (PaaS / BaaS) and infrastructure. All the big employers in this space have hiring freezes. I used to get 20 recruiting emails from Amazon a month. Now they have a complete corporate hiring freeze. The saying here in Seattle goes that if you can't find a job you could always try one of the many Amazon roles because they were always hiring. Not so anymore. EDIT: if parent comment is referring to Amazon job postings, the all up corporate hiring freeze was just announced this morning!
      - system2 4y ago
        You are talking about a niche. There is more jobs than employees can fill. Companies are begging to find qualified employees.
        mr90210 4y ago
        I second that.
        verst 4y ago
        Sure, but what about the psychological impact / feelings of people when reading all the news of hiring freezes? For example engineers that were laid off at Stripe in Seattle ordinarily have a good chance of getting a job at Amazon, but now Amazon isn't hiring. That combination certainly causes folks to feel uneasy. Additionally, cities like Seattle are expensive and not all companies pay equally well. If you bought a house on a single income but suddenly cannot find a new job paying enough to pay your bills, then that's a problem too. Previously there were lots of jobs of similar pay to go around. In the current economy that is no longer the case. Suddenly you will need to make some tough choices. Yes we can argue that nobody should have put themselves into such a position in the first place, but buying a house is incredibly difficult in markets like Seattle and San Francisco, and so I don't blame people who are now in this predicament.
        system2 4y ago
        >but now Amazon isn't hiring Amazon is not the only company. There are literally millions of companies out there. They can stop being so delicate and suck it up and work somewhere else than FAANG. >If you bought a house on a single income but suddenly cannot find a new job paying enough to pay your bills Have you seen the tv show called x-files? Trust No One. Don't make big financial decisions by depending on someone else. Save enough to save yourself from that kind of trouble and find a job. It doesn't need to be Amazon. Suck it up and survive. I blame people who cry after making $200k+ and not saving. I blame them for making weird financial decisions and thinking their social status depends on their job titles at certain companies. Life is fast and everchanging. You must trust no one and be self sufficient.
  - mtkd 4y ago
    My email has gone from big recruitment finders-fee offers in spring to a drip of single 'seasoned candidate available' contacts in summer to '3 hand picked senior CVs enclosed' this week It's possibly going to be hard yards for many people over next few months -- but lots of successful companies were born in such periods I hope it works out for OP and everyone else impacted -- maybe one will build the next Stripe
  - themagician 4y ago
    People are hiring everywhere, and for like 1/3rd of the jobs you can work from home. It may get nasty in the next few months, but not today. For most people in the job market today the unemployment rate is literally the lowest it's been in their entire lifetime.
  - Andrew_nenakhov 4y ago
    A good strategy is to lower your compensation expectations significantly. You might get paid 40% or 50% of previous pay, but you still have solid ground under your feet and for once you might get an interesting project you always wanted to do, using some tech you never had time to try. Add it's not slavery, you can change jobs again when market improves.
  - austenallred 4y ago
    As someone who trains a _lot_ of junior engineers and data scientists, it’s harder than 2021 but for an experienced engineer it’s frankly not that hard to find work right now.
  - csomar 4y ago
    Unemployment is near all time lows. The number of employed people is near all time high, and many have quit the job market (due to Covid). We are quite far from the scenario you are describing. Finding your dream job? Maybe not. Finding a job in this market? It should be cakes.
- true_religion 4y ago
  I think what they mean is that morally, people need to take care of themselves. After four months, a past employer shouldn't still be on the hook for taking care of a person. The past employer has new employees and that money needs to go to them.
  - IanPBann 4y ago
    If they're cutting staff at that quantity it's almost certainly to save money, and the money saved from laying off employees shouldn't be going towards funding new hires.
- AlwaysRock 4y ago
  Right. A SWE I-IV might be easily able to step into another job, even another job with a similar comp level. But lots of folks, even tech folks, cant do it as quickly. Director of QA? Might be tough and you'll likely turn down 10 manager of QA roles that want you to do hands on work along the way. UX Research? You have a specific skill set that might be very useful at a large company but a lot of companies will want you to do more or handle more than you did previously. Thats two examples but there are countless others. Plus a lot of folks go to Stripe as their first FANG+_job. They might not be able to step into another FANG+ role and could have to take a massive pay cut in their next roll.
  - badpun 4y ago
    > Thats two examples but there are countless others. Plus a lot of folks go to Stripe as their first FANG+_job. They might not be able to step into another FANG+ role and could have to take a massive pay cut in their next roll. Oh, the woes of dropping from 98th income percentile to 95th...
    - AlwaysRock 4y ago
      I know you are joking but dropping from 250K to 125K is a significant life change and while you would still be fine in most of the US it could be really damaging for many families.
- dangus 4y ago
  Steering a bit into /r/antiwork territory, I agree. We are forced to work. We did not choose to work. The choice is to work or live under a bridge/get woken up by cops and thrown in jail. When employers take away our ability to work, they are directly assaulting our ability to survive. Wild animals don't have this problem. If you're a deer you literally run around all day eating plants and fucking. Sure, the animal kingdom has a whole host of other concerns, but my point is that we've replaced all those with a system and we don't have any choice but to live within the boundaries of that system. It's not legal to live a deer's lifestyle as a human. In our system's status quo, companies are allowed and encouraged to speculatively over-hire. There is no consequence for doing so. They figure that having a few too many employees is an easily correctable problem, so it's safer to just hire aggressively and hope it pans out. If not, oh well, the business isn't the one paying the price. I think it would be a good idea for businesses to be required to pay average pay out severances to laid off employees, and that requirement should extend beyond this "generous" 4 months. I also think about hourly employees where severance is a foreign concept. Maybe then they'd run their businesses more conservatively instead of making moonshot gambles with human lives. Maybe it's not the best policy for "the economy" or "innovation" or "competitive business" but we have more than enough resources to provide for the humans of this world, we just choose not to allocate them fairly.
  - nullc 4y ago
    You might enjoy: https://theanarchistlibrary.org/library/bob-black-the-abolition-of-work https://theanarchistlibrary.org/library/bob-black-the-abolit... > Wild animals don't have this problem. If you're a deer you literally run around all day eating plants and fucking. Sure, the animal kingdom has a whole host of other concerns, but my point is that we've replaced all those with a system and we don't have any choice but to live within the boundaries of that system. It's not legal to live a deer's lifestyle as a human. I have a heard of 15 or so deer on my property. I spend a lot of time watching them, they seem to spend most of their time chewing their cud and watching for things that want to eat them but they seem pretty well adapted to it. They have a pretty good life overall. However, the deer don't have a choice either, but if they were given the choice to live as a typical human I doubt they'd take it. :) But then again, most people wouldn't choose to live as deer either.
- tedunangst 4y ago
  Is Stripe not also subject to macro trends?
  - GordonS 4y ago
    Stripe have macro-level funding and profits; you can't compare an enormous company to an individual.
- radu_floricica 4y ago
  Fair point. It's a bad situation for everybody. Digging for blame probably leads to lockdowns and printing money in the Corona days, and later to eco-legislation being passed in Europe right before Russia started WW3. Plus, of course, Russia for starting WW3. Ah, and China for using real estate as savings accounts, and burning a fair 50% of its international goodwill by squashing civil rights in Hong Kong. Stripe CEOs are just trying to do right by their company and most of their employees. But yes, times are tough for everybody, and I probably shouldn't have minimized that.
mengibar10 4y ago
If a well position and well oiled company is in fear of losing business and firing people how come you expect to find jobs let alone stable jobs. You give your 4-5 years to a company and the company dumps you at the first sight of hardship. I think Stripe made a bad choice when firing people. They should have decreased salaries, percentage wise more at the management level and try to keep their workers. I wouldn't want to work such company ever.
- rbera 4y ago
  I won’t pretend I know what the ideal solution is, but lowering salaries across the board doesn’t seem like a great choice. If someone is a high performing employee and then sees a cut to their paycheck, that’s an incentive for them to leave, and that’s also extra bad for the company because of course better performing employees will be more capable of finding another job. With layoffs, companies remove their “worst” employees instead, which theoretically improves productivity, assuming of course the rest of the company doesn’t think they’ll get laid off too.
  - mengibar10 4y ago
    Last statement is actually the gist of what I wanted to mean. The moment you make a mass layoff that sends a message to all employees. Please be mindful of measly 3% decrease in your salary, you wouldn't even see the difference. The more open the management is to their employees the more they become loyal. It's all about honestly sharing burden. You can always layoff not performing employees, a company has all the right to do so. We are talking about a mass layoff.
  - sharkster711 4y ago
    Reducing salaries opens a whole new can of worms with legal and immigration involved. Basically, if you hire someone on a visa, it is going to be a hassle to reduce their salaries - and the knock on effects could include restarting the immigration process. It might end up costing more than the dollars saved, and employees will likely leave anyway.
- jollyllama 4y ago
jwithington 4y ago
this reply escalated quickly
abeppu 4y ago
> they're not putting anybody in the electric chair. I think you're reacting to hyperbole that is simply not present in the post to which you've responded. I have not compared this situation to any sort of life and death situation. I agree that Stripe's treatment of the people they've laid off is better than some other companies. I have merely commented on the language used in this and similar announcements. > Being terminated or let go suggests a business decision first, and your performance second. They used the right word. ... except they never say in the active voice, "We're laying off ..." or "We're terminating ...". They repeatedly choose phrasing that make the former employees the subject. And "let go" is itself a euphemism invented for this purpose. "_they're_ going; we just let them"
mk89 4y ago
The language is often impersonal, there is absolutely no humanity in it: you're terminating "resources" as if they were like disposable items you can get rid of at any moment. Layoffs don't have to be like that. Business doesn't have to be like that, you can still be human and recognize you're getting rid of people with families.
badpun 4y ago
> They're letting people go Letting someone go implies they want to go, and just let them. In this case, the people obviously want to stay and continue working, so you don't let them go, you fire them.

jgoodhcg 4y ago

4 months is relatively generous but... > if you can't find a new job in 4 months, it's on you, This statement feels _wrong_. We are all subject to macro trends that we don't have control over. They impact our lives. Even the well off tech people but especially people in other industries.

verst 4y ago
Good luck finding a job in this economy now. It's tough for everyone, even the most skilled. Many companies have outright hiring freezes. I just read that Amazon now has a hiring freeze for all corporate jobs, previously this only impacted retail, stores etc
- relaxing 4y ago
  What economy are you in? I still see plenty of job postings on the East coast. Anyway, if you were looking for a break from Stripe’s culture you’re not gonna be happy at AMZN.
  - verst 4y ago
    I work on cloud computing services (PaaS / BaaS) and infrastructure. All the big employers in this space have hiring freezes. I used to get 20 recruiting emails from Amazon a month. Now they have a complete corporate hiring freeze. The saying here in Seattle goes that if you can't find a job you could always try one of the many Amazon roles because they were always hiring. Not so anymore. EDIT: if parent comment is referring to Amazon job postings, the all up corporate hiring freeze was just announced this morning!
    - system2 4y ago
      You are talking about a niche. There is more jobs than employees can fill. Companies are begging to find qualified employees.
      - mr90210 4y ago
        I second that.
      - verst 4y ago
        Sure, but what about the psychological impact / feelings of people when reading all the news of hiring freezes? For example engineers that were laid off at Stripe in Seattle ordinarily have a good chance of getting a job at Amazon, but now Amazon isn't hiring. That combination certainly causes folks to feel uneasy. Additionally, cities like Seattle are expensive and not all companies pay equally well. If you bought a house on a single income but suddenly cannot find a new job paying enough to pay your bills, then that's a problem too. Previously there were lots of jobs of similar pay to go around. In the current economy that is no longer the case. Suddenly you will need to make some tough choices. Yes we can argue that nobody should have put themselves into such a position in the first place, but buying a house is incredibly difficult in markets like Seattle and San Francisco, and so I don't blame people who are now in this predicament.
        system2 4y ago
        >but now Amazon isn't hiring Amazon is not the only company. There are literally millions of companies out there. They can stop being so delicate and suck it up and work somewhere else than FAANG. >If you bought a house on a single income but suddenly cannot find a new job paying enough to pay your bills Have you seen the tv show called x-files? Trust No One. Don't make big financial decisions by depending on someone else. Save enough to save yourself from that kind of trouble and find a job. It doesn't need to be Amazon. Suck it up and survive. I blame people who cry after making $200k+ and not saving. I blame them for making weird financial decisions and thinking their social status depends on their job titles at certain companies. Life is fast and everchanging. You must trust no one and be self sufficient.
- mtkd 4y ago
  My email has gone from big recruitment finders-fee offers in spring to a drip of single 'seasoned candidate available' contacts in summer to '3 hand picked senior CVs enclosed' this week It's possibly going to be hard yards for many people over next few months -- but lots of successful companies were born in such periods I hope it works out for OP and everyone else impacted -- maybe one will build the next Stripe
- themagician 4y ago
  People are hiring everywhere, and for like 1/3rd of the jobs you can work from home. It may get nasty in the next few months, but not today. For most people in the job market today the unemployment rate is literally the lowest it's been in their entire lifetime.
- Andrew_nenakhov 4y ago
  A good strategy is to lower your compensation expectations significantly. You might get paid 40% or 50% of previous pay, but you still have solid ground under your feet and for once you might get an interesting project you always wanted to do, using some tech you never had time to try. Add it's not slavery, you can change jobs again when market improves.
- austenallred 4y ago
  As someone who trains a _lot_ of junior engineers and data scientists, it’s harder than 2021 but for an experienced engineer it’s frankly not that hard to find work right now.
- csomar 4y ago
  Unemployment is near all time lows. The number of employed people is near all time high, and many have quit the job market (due to Covid). We are quite far from the scenario you are describing. Finding your dream job? Maybe not. Finding a job in this market? It should be cakes.
true_religion 4y ago
I think what they mean is that morally, people need to take care of themselves. After four months, a past employer shouldn't still be on the hook for taking care of a person. The past employer has new employees and that money needs to go to them.
- IanPBann 4y ago
  If they're cutting staff at that quantity it's almost certainly to save money, and the money saved from laying off employees shouldn't be going towards funding new hires.
AlwaysRock 4y ago
Right. A SWE I-IV might be easily able to step into another job, even another job with a similar comp level. But lots of folks, even tech folks, cant do it as quickly. Director of QA? Might be tough and you'll likely turn down 10 manager of QA roles that want you to do hands on work along the way. UX Research? You have a specific skill set that might be very useful at a large company but a lot of companies will want you to do more or handle more than you did previously. Thats two examples but there are countless others. Plus a lot of folks go to Stripe as their first FANG+_job. They might not be able to step into another FANG+ role and could have to take a massive pay cut in their next roll.
- badpun 4y ago
  > Thats two examples but there are countless others. Plus a lot of folks go to Stripe as their first FANG+_job. They might not be able to step into another FANG+ role and could have to take a massive pay cut in their next roll. Oh, the woes of dropping from 98th income percentile to 95th...
  - AlwaysRock 4y ago
    I know you are joking but dropping from 250K to 125K is a significant life change and while you would still be fine in most of the US it could be really damaging for many families.
dangus 4y ago
Steering a bit into /r/antiwork territory, I agree. We are forced to work. We did not choose to work. The choice is to work or live under a bridge/get woken up by cops and thrown in jail. When employers take away our ability to work, they are directly assaulting our ability to survive. Wild animals don't have this problem. If you're a deer you literally run around all day eating plants and fucking. Sure, the animal kingdom has a whole host of other concerns, but my point is that we've replaced all those with a system and we don't have any choice but to live within the boundaries of that system. It's not legal to live a deer's lifestyle as a human. In our system's status quo, companies are allowed and encouraged to speculatively over-hire. There is no consequence for doing so. They figure that having a few too many employees is an easily correctable problem, so it's safer to just hire aggressively and hope it pans out. If not, oh well, the business isn't the one paying the price. I think it would be a good idea for businesses to be required to pay average pay out severances to laid off employees, and that requirement should extend beyond this "generous" 4 months. I also think about hourly employees where severance is a foreign concept. Maybe then they'd run their businesses more conservatively instead of making moonshot gambles with human lives. Maybe it's not the best policy for "the economy" or "innovation" or "competitive business" but we have more than enough resources to provide for the humans of this world, we just choose not to allocate them fairly.
- nullc 4y ago
  You might enjoy: https://theanarchistlibrary.org/library/bob-black-the-abolition-of-work https://theanarchistlibrary.org/library/bob-black-the-abolit... > Wild animals don't have this problem. If you're a deer you literally run around all day eating plants and fucking. Sure, the animal kingdom has a whole host of other concerns, but my point is that we've replaced all those with a system and we don't have any choice but to live within the boundaries of that system. It's not legal to live a deer's lifestyle as a human. I have a heard of 15 or so deer on my property. I spend a lot of time watching them, they seem to spend most of their time chewing their cud and watching for things that want to eat them but they seem pretty well adapted to it. They have a pretty good life overall. However, the deer don't have a choice either, but if they were given the choice to live as a typical human I doubt they'd take it. :) But then again, most people wouldn't choose to live as deer either.
tedunangst 4y ago
Is Stripe not also subject to macro trends?
- GordonS 4y ago
  Stripe have macro-level funding and profits; you can't compare an enormous company to an individual.
radu_floricica 4y ago
Fair point. It's a bad situation for everybody. Digging for blame probably leads to lockdowns and printing money in the Corona days, and later to eco-legislation being passed in Europe right before Russia started WW3. Plus, of course, Russia for starting WW3. Ah, and China for using real estate as savings accounts, and burning a fair 50% of its international goodwill by squashing civil rights in Hong Kong. Stripe CEOs are just trying to do right by their company and most of their employees. But yes, times are tough for everybody, and I probably shouldn't have minimized that.

mengibar10 4y ago

If a well position and well oiled company is in fear of losing business and firing people how come you expect to find jobs let alone stable jobs. You give your 4-5 years to a company and the company dumps you at the first sight of hardship. I think Stripe made a bad choice when firing people. They should have decreased salaries, percentage wise more at the management level and try to keep their workers. I wouldn't want to work such company ever.

rbera 4y ago
I won’t pretend I know what the ideal solution is, but lowering salaries across the board doesn’t seem like a great choice. If someone is a high performing employee and then sees a cut to their paycheck, that’s an incentive for them to leave, and that’s also extra bad for the company because of course better performing employees will be more capable of finding another job. With layoffs, companies remove their “worst” employees instead, which theoretically improves productivity, assuming of course the rest of the company doesn’t think they’ll get laid off too.
- mengibar10 4y ago
  Last statement is actually the gist of what I wanted to mean. The moment you make a mass layoff that sends a message to all employees. Please be mindful of measly 3% decrease in your salary, you wouldn't even see the difference. The more open the management is to their employees the more they become loyal. It's all about honestly sharing burden. You can always layoff not performing employees, a company has all the right to do so. We are talking about a mass layoff.
- sharkster711 4y ago
  Reducing salaries opens a whole new can of worms with legal and immigration involved. Basically, if you hire someone on a visa, it is going to be a hassle to reduce their salaries - and the knock on effects could include restarting the immigration process. It might end up costing more than the dollars saved, and employees will likely leave anyway.
jollyllama 4y ago

jwithington 4y ago

this reply escalated quickly

abeppu 4y ago

> they're not putting anybody in the electric chair. I think you're reacting to hyperbole that is simply not present in the post to which you've responded. I have not compared this situation to any sort of life and death situation. I agree that Stripe's treatment of the people they've laid off is better than some other companies. I have merely commented on the language used in this and similar announcements. > Being terminated or let go suggests a business decision first, and your performance second. They used the right word. ... except they never say in the active voice, "We're laying off ..." or "We're terminating ...". They repeatedly choose phrasing that make the former employees the subject. And "let go" is itself a euphemism invented for this purpose. "_they're_ going; we just let them"

mk89 4y ago

The language is often impersonal, there is absolutely no humanity in it: you're terminating "resources" as if they were like disposable items you can get rid of at any moment. Layoffs don't have to be like that. Business doesn't have to be like that, you can still be human and recognize you're getting rid of people with families.

badpun 4y ago

> They're letting people go Letting someone go implies they want to go, and just let them. In this case, the people obviously want to stay and continue working, so you don't let them go, you fire them.