They pivoted a long time ago and it’s a valuable tool for us recruiters as it’s more of a gigantic resume database than anything else.
Anyone's employer started lay-offs already?
- Thread starter morris
- Start date
True. And as someone who knows the numbers intimately and has participated in the analysis that results in layoffs...i dont feel any better about it myself either. I could have 95% of the information and that other 5% is me and the reasons I'm being let go.
I've seen that okie doke happen more than a few times.
Our executive team is talking layoffs and we have over 100 jobs posted on our website. With a freeze on any other positions (has to be approved by CEO personally).
So hiring isn't necessarily a sign that there aren't going to be layoffs. You can be willing to invest in certain areas and sacrifice others. Microsoft just laid off 1000 people. I bet they have more jobs available than that globally.
yeah they did the same to me, ima go back tho because I haven't finished my degree yet and I got benefits.
Ya boy too old to be out here without health insurance
its cool, i was able to get a 2nd job remote and stack up so I got a nice emergency fund if things with my current job go bad.Sorry about that playa. I was hired Remote
IsThatBrothaMouzone?
Superstar
welp, if anyone gets laid off hope your job at least pays you on the ay out like these guys; btw, those that get a job w/in 2 months are gonna be paid, paid
stripe.com
a snippet:
How we’re handling departures
Around 14% of people at Stripe will be leaving the company. We, the founders, made this decision. We overhired for the world we’re in (more on that below), and it pains us to be unable to deliver the experience that we hoped that those impacted would have at Stripe.
There’s no good way to do a layoff, but we’re going to do our best to treat everyone leaving as respectfully as possible and to do whatever we can to help. Some of the core details include:
CEO Patrick Collison's email to Stripe employees
Earlier today, Stripe CEO Patrick Collison sent the following note to Stripe employees.
stripe.com
a snippet:
How we’re handling departures
Around 14% of people at Stripe will be leaving the company. We, the founders, made this decision. We overhired for the world we’re in (more on that below), and it pains us to be unable to deliver the experience that we hoped that those impacted would have at Stripe.
There’s no good way to do a layoff, but we’re going to do our best to treat everyone leaving as respectfully as possible and to do whatever we can to help. Some of the core details include:
- Severance pay. We will pay 14 weeks of severance for all departing employees, and more for those with longer tenure. That is, those departing will be paid until at least February 21st 2023.
- Bonus. We will pay our 2022 annual bonus for all departing employees, regardless of their departure date. (It will be prorated for people hired in 2022.)
- PTO. We’ll pay for all unused PTO time (including in regions where that’s not legally required).
- Healthcare. We’ll pay the cash equivalent of 6 months of existing healthcare premiums or healthcare continuation.
- RSU vesting. We’ll accelerate everyone who has already reached their one-year vesting cliff to the February 2023 vesting date (or longer, depending on departure date). For those who haven’t reached their vesting cliffs, we'll waive the cliff.
- Career support. We’ll cover career support, and do our best to connect departing employees with other companies. We’re also creating a new tier of extra large Stripe discounts for anyone who decides to start a new business now or in the future.
- Immigration support. We know that this situation is particularly tough if you’re a visa holder. We have extensive dedicated support lined up for those of you here on visas (you’ll receive an email setting up a consultation within a few hours), and we’ll be supporting transitions to non-employment visas wherever we can.
