Google Executives Warn Employees About Layoffs: 'There Will Be Blood On Streets' - page 2.

stompix

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Quote from: Hydrogen on August 17, 2022, 09:21:08 AM

I will answer your questions, with. More questions.

Unlike you I asked you questions about things you mentioned, what you come up with are useles questions that have zero correlation with what the discussion was about, but since I do care when discussing with somebody about my interlocutor I will no just throw back at you some random questions and I will answer them.

Jack Ma was forced to step down at the political level, a thing that contradicts your theories.
Hideo Kojima was no CEO and you can read why he left Konami on like every newspaper out there.
Elon Musk can do whatever he wants, and again it's nobody's business what he thinks and what he tweets.

Quote from: Hydrogen on August 17, 2022, 09:21:08 AM

Why are wealth and wage equality hot topics in the current era?

Because that's all some are capable of, they can't come up with a method of getting money without working so the simple way out of this is to take money out of the pockets of someone who makes money and then claim that guy doesn't deserve that much

Quote from: Hydrogen on August 17, 2022, 09:21:08 AM

Wanting to improve circumstances and equality isn't reserved for socialists or any single demographic. It should be the goal of all.

Oh yeah, cause it has worked miracles in the past, ruining country after country after country, and with the onslaught of morons thinking it's a great idea it will continue to do so for ages. Unlike you and a lot of guys here I've experienced forced equality for decades, so there is only one achievement when you reach this stage, everyone gets poverty!

Hydrogen

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Quote from: stompix on August 17, 2022, 05:53:38 AM

Let me ask you some serious questions:
- if others are making the decisions why are they allowing some muppet to earn twice as much as them while they do all the work and they also have the decisional power?
- if multi-billion companies are that stupid to ruin everything because of a stupid CEO who knows shit, how are those multi-billions companies still up and running, and more importantly how have they got so big in the first place and why others have failed
- if there is no skill needed to be picked as a CEO, do they pick those from the street, or as we can obviously see they have been in the company for years which makes you wonder if they are not actually the most familiar with how everything works?
- in a free market, in a private business, why do you care how much a guy makes when that's not your money or your business? Or should I rephrase that: not your shares, not your coins?

This socialist way of thinking when the mass decides who gets paid how much should really stop, why do you give a damn, if they hire stupid people good for you, you can start your own business and you will crush them since they are stupidly overpaid and overweight pikachus, but as always behind all the hate the reality is different.

I will answer your questions, with. More questions.

Why did Jack Ma step down as CEO of alibaba?
Why did video game developer Hideo Kojima leave konami after many years of working there?
Why did Elon Musk ridicule CEOs of other companies for hiring many of the employees Elon Musk fired from tesla? Which later foreshadowed the EV ventures of said companies failing?
Why are wealth and wage equality hot topics in the current era?

Wanting to improve circumstances and equality isn't reserved for socialists or any single demographic. It should be the goal of all.

What's the point of wanting certain topics to be off limits to those who need to discuss and learn about them the most.

lumbanrang

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Sooner or later some employees at startups or factories will be laid off and will be replaced with robots or AI, and this has been predicted by many experts. But despite all that, I think these companies are laying off their employees because they don't want to pay too much for employees and want to increase work efficiency by forcing the remaining employees. So that way there will be more money going into their pockets and that is real American corporate capitalism.

stompix

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Quote from: Hydrogen on August 17, 2022, 05:38:42 AM

There's nothing in the job description of being a CEO that the average person couldn't do. No special intelligence, knowledge or skills needed. Many corporations and institutions admit their CEOs are mere figureheads and spokespersons who do not engage in important decision making regarding the brand they represent.

Let me ask you some serious questions:
- if others are making the decisions why are they allowing some muppet to earn twice as much as them while they do all the work and they also have the decisional power?
- if multi-billion companies are that stupid to ruin everything because of a stupid CEO who knows shit, how are those multi-billions companies still up and running, and more importantly how have they got so big in the first place and why others have failed
- if there is no skill needed to be picked as a CEO, do they pick those from the street, or as we can obviously see they have been in the company for years which makes you wonder if they are not actually the most familiar with how everything works?
- in a free market, in a private business, why do you care how much a guy makes when that's not your money or your business? Or should I rephrase that: not your shares, not your coins?

This socialist way of thinking when the mass decides who gets paid how much should really stop, why do you give a damn, if they hire stupid people good for you, you can start your own business and you will crush them since they are stupidly overpaid and overweight pikachus, but as always behind all the hate the reality is different.

Quote from: Poker Player on August 17, 2022, 04:05:32 AM

This example you give could not be more biased. For starters, Bill Gates was not just a CEO, he is the one who founded the company. But I can assure you that an important part of the work of CEOs of non-tech companies today consists of answering emails, in addition to phone calls and videoconference meetings.
But the emails they respond to are not the kind that can be answered by the last employee to join the company, which you seem to put on a par.

I got used to this, 99% claim that windows sucks, windows is crap, when they go and switch to Linux, 99% are screaming why is this so complicated, why are there no programs, and 99% of them switch back to the crappy windows.
Gates is evil and stupid, no point debating! Just as amusing how an illiterate bounty hunter posting tweets and giving likes all day knows that Buffett is a stupid old man who knows shit about the economy.

Lucius

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Layoffs in the tech sector are not something that is specific only to the US, but are happening all over the world, and a few months ago there were rumors that at least 20 000 people would lose their jobs in that sector. Now the figures only from the US show that the situation is even worse than it seemed, but no one should be surprised that companies save in this way, because people are always expendable for them.

Quote from: https://news.crunchbase.com/startups/tech-layoffs-2022/

After a banner year for tech, layoffs are here. In fact, as of early August, more than 37,000 workers in the U.S. tech sector have been laid off in mass job cuts so far in 2022, according to a Crunchbase News tally.

I will not even comment on the position of any CEO, because there are those who do it very well and deserve to be paid excellently for it, but there are also those who do it very badly and cause damage to the companies they represent. At the end of the day, they are the ones at the top of the pyramid and in difficult times feel the least impact on their position.

Hydrogen

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Quote from: Poker Player on August 17, 2022, 04:05:32 AM

This example you give could not be more biased. For starters, Bill Gates was not just a CEO, he is the one who founded the company. But I can assure you that an important part of the work of CEOs of non-tech companies today consists of answering emails, in addition to phone calls and videoconference meetings.

But the emails they respond to are not the kind that can be answered by the last employee to join the company, which you seem to put on a par. Or I don't know if you are one of those who believe that for someone to get paid a lot for their work they have to sweat and can't get paid a lot for being in front of an air-conditioned computer in the office.

What specialized knowledge or skillset do you think CEOs have that make them irreplaceable?

Very few CEOs know important and critical information offhand. They usually have to delegate and ask other execs questions, if they need an answer. You see this happen in earnings reports all the time. If the CEO needs an answer they ask the CTO or another exec. They're usually not hands on enough to keep track and know the details of what is happening in the company.

There's nothing in the job description of being a CEO that the average person couldn't do. No special intelligence, knowledge or skills needed. Many corporations and institutions admit their CEOs are mere figureheads and spokespersons who do not engage in important decision making regarding the brand they represent.

There are engineers and many in the IT field I could cite, who outright lambasted CEOs for typically not being good at their jobs.

In Bill Gates case its been rumored he helped write FAT16. The 16 bit, linked list, windows file system. Bill Gates tried to trade all of his shares in microsoft for lotus stock, before windows became successful. For which many accused him of being the worst businessman of his era.

If you think Bill Gates has special accolades or accomplishments which put him head and shoulders above the average businessman or entrepreneur, I would be curious to know what they are.

pooya87

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That is not surprising and the tech companies aren't the only ones that are facing this hardship. This is the result of the debt-based US economy. They draw the cycles like this (sorry for the poor paint job). The economy grows but the debt grows too, then there is small high inflation periods when economy shrinks (the green dumps) but eventually all of it is accumulated and causes a massive dump that they can't do anything about regardless of how they change interest rates, etc. That is when the recession occurs (the red part) and the economy crashes.
Due to the way the debt-based economy works they must have recessions like this, in other words it is guaranteed. The last one was in 2008 and we are getting closer to the next one. In fact some people say US is already in a recession.

PawGo

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Quote from: davis196 on August 17, 2022, 04:41:46 AM

Bill Gates is probably one of the worst CEOs in the history of the high tech industry(not the worst). Microsoft ruined Skype and failed to make an operating system that is better than Windows XP. Grin

I see no correlation - Windows XP was released in 2001, Gates was CEO until 2000. It is true that one may have different positions in company, but CEO is CEO. And Skype was bought by Microsoft in 2011, so what is the point?

davis196

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American corporate culture is the true essence of capitalism.
Treating workers like machines, putting profit on a pedestal and acting as if the CEOs are some kind of royalties. Grin

Revenue is going down, so the only way to keep the profits high and the shareholders happy is to fire as many useless workers as possible and increase the effectiveness of the remaining employees (by turning them into burned out workaholics, I guess).
Maybe the Silicon valley companies are "smelling" the recession in the air. Grin

Bill Gates is probably one of the worst CEOs in the history of the high tech industry(not the worst). Microsoft ruined Skype and failed to make an operating system that is better than Windows XP. Grin

Poker Player

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Well, first of all, what you say is not strange, when there is a crisis layoffs come and one way to avoid them is to be more productive. So nothing new.

Quote from: Hydrogen on August 16, 2022, 05:26:06 PM

It appears many silicon valley icons are resorting to layoffs in an effort to boost flagging profits:
...
Another route they could take is to cut CEO salaries.

I think that in some cases it could be positive for companies to reduce CEO salaries and make workers participate in profits, either with a percentage of net profit, stocks or similar options, but being private companies, it is something they have to clarify with their shareholders.

Quote from: Hydrogen on August 16, 2022, 05:26:06 PM

Bill Gates said most of his time as CEO of microsoft was spent reading and responding to emails. I would guess the daily structure of tech CEOs in the modern era hasn't changed.

This example you give could not be more biased. For starters, Bill Gates was not just a CEO, he is the one who founded the company. But I can assure you that an important part of the work of CEOs of non-tech companies today consists of answering emails, in addition to phone calls and videoconference meetings.

But the emails they respond to are not the kind that can be answered by the last employee to join the company, which you seem to put on a par. Or I don't know if you are one of those who believe that for someone to get paid a lot for their work they have to sweat and can't get paid a lot for being in front of an air-conditioned computer in the office.

Anyway, nothing new, as soon as the economy recovers, these companies will hire again, offering quite high salaries, but they will not make a drama in the media about it.

Hydrogen

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Quote

Many Big Tech companies have been laying off then employees and the latest company to join the list is Google. According to reports, Google executives have warned workers to either boost performance or prepare to leave. Insider report revealed that a company-wide message said that if the next quarterly earnings has not improved there will be "there will be blood on the streets".

The report also claimed that Google Cloud sales leadership has threatened employees with an "overall examination of sales productivity and productivity in general" before the third quarter evaluation. The message has left Google employees "fearful of layoffs". The news comes after Alphabet, the parent company of Google, reported weaker-than-expected earnings, and revenue growth was slowed down to 13 percent from 62 percent in the same quarter last year, April to June.

Another report in The New York Post revealed that recently Google also quietly extended its hiring freeze this month. The company had decided to stop hiring new candidates for few weeks to review the current employees and decide on the future course.

Last month, Alphabet and Google CEO Sundar Pichai had also told employees that they must improve productivity due to fierce economic headwinds. He asked for ideas on how to get better results faster, he was quoted saying, "There are real concerns that our productivity as a whole is not where it needs to be for the head count we have."

According to Pichai, "it's clear we are facing a challenging macro environment with more uncertainty ahead".

For the unversed, some of the other companies that have resorted to layoff include LinkedIn, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel and Salesforce, among others.

https://in.mashable.com/culture/36747/google-executives-warn-employees-about-layoffs-says-there-will-be-blood-on-streets

....

It appears many silicon valley icons are resorting to layoffs in an effort to boost flagging profits:

Quote

Some of the other companies that have resorted to layoff include LinkedIn, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel and Salesforce, among others.

Another route they could take is to cut CEO salaries. I don't know if CEO's earning $10,000 an hour is a good payrate in terms of their productivity and overall value to the company. Bill Gates said most of his time as CEO of microsoft was spent reading and responding to emails. I would guess the daily structure of tech CEOs in the modern era hasn't changed. CEO's likely spend most of their time reading and answering emails. Unless they're the CEO of tesla or space x who spends a lot of time doing actual field work and testing.

It will be interesting to see how much of a hit to US GDP these layoffs and potential economic recession contribute. Silicon Valley is arguably the backbone of the american economy. Its a huge part of why california would have the 5th largest economy in the world if it were ranked as a country. Layoffs and slowdowns there could affect american wealth and standard of living significantly.

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