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> 1) In my career, I've never seen layoffs which were at all good at selecting the bottom 10%. Who gets dropped is pretty random. This is very true, and I woul
by idopmstuff 4y ago
> 1) In my career, I've never seen layoffs which were at all good at selecting the bottom 10%. Who gets dropped is pretty random.
This is very true, and I would say definitely the biggest weakness of my point. In a theoretical world in which you can drop the bottom 10% of performers, I think that's clearly the right thing to do, but obviously practice is not the same as theory.
I will say the one other thing about 10% paycuts for these companies that would drive me out is that the companies are still making lots of money. If you're in a business where belt-tightening is plausibly necessary (something that has boom/bust cycles, for example, and hits a particular bad bust one), maybe I can accept a pay cut. If you're cutting my pay but still maintaining a shareholder dividend, I am gone.
- veqq 4y ago> If you're cutting my pay but still maintaining a shareholder dividend, I am gone. After 1-2 years in any big tech company your equity surpasses your salary.
- metadat 4y agoThis has not been my experience, at all. Have I been working at the wrong FAANGs?
- seanmcdirmid 4y agoWhat tech companies are even doing dividends anymore? I guess Microsoft has a small one?
- smugma 4y agoApple
- acdha 4y agohttps://investor.apple.com/dividend-history/default.aspx https://investor.apple.com/dividend-history/default.aspx
- candiodari 4y ago91 cents per year on a 138$ stock? And this is considered good? Well, I can understand now why everybody gets out immediatly if stocks drop a little bit. Average daily movement of the stock is 4 dollars, and 8 is not unheard of ...
- acdha 4y agoThe question was which tech companies were doing it at all. I provided some data but not a value judgement.