A long time ago in my tech career... i learned quick... that its not what you know... but who you know. So while i knew my stuff and delivered above and beyond... it was the chaps who were close to the boss and his boss that got ahead. Guess what? Now im ahead but still know my stuff.
And that's why I left corporate 9 years ago - the better I got at my job, the more they held me back - best decision I've ever made - I work with individuals with special needs now, and even though it's challenging, it sure beats the disgusting corporate environment.
80% stocks 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large $5m stock/bond portfolio for substantial gains at minimum risk of inflation.
I believe that diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’COLLEEN ROSE MCCAFFERY” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Another example of the modern American culture. No reward for loyalty. Keep employees always stressed out about losing their jobs, not because the company isn’t making money, but because there is more money to be made by cutting you.
Stack ranking would NEVER work because of politics. A poorer performing employee who the boss "likes" will always be ranked higher than a higher performer.
I’ve seen it used. What I saw was employees being discussed by a group of managers and directors, not just one person ranking in a vacuum. It’s not perfect but ot seemed to come out about right
What if you stack rank by jira ticket completion, or some other objective metric? The ranking wouldn't be done by any human, it would be calculated by deliverable count.
Newer you are in project better the chances of getting out in pip. Also, leases you are part of smoking group or network group licking a** more the chances of getting later off
@@user-le6fn4fu2t If you see that happening try this - when you deliver work against any ticket make sure to comment in the ticket on progress all along the way. Also attach files if they're not code direct to the ticket. You can even create a new ticket yourself, use the "relates to" feature and link all the work you deliver on that ticket but connect just via link. Use Jira's commenting, tagging features, and timestamped logging to solve defeat that type of behavior.
Jack Welch basically destroyed GE in the long run with his business style. He championed short term profits at all cost (safety, quality, long-term company health and reputation). I would be skeptical of the business practices that he pioneered.
His philosophy of chasing quarterly profits over longer term goals (like employee satisfaction, product quality, safety, etc) is continuing to destroy businesses across the world. This philosophy has helped erode the middle class in America.
The Jack Welch system of value destruction at a company is alive and well. Given the track record at GE and Boeing, I'd be concerned in bringing this system in.
In the medium term, using stack ranking will create a toxic work environment, ironically hurting the company more, than whatever money they're able to save through layoffs.
Jack Welch is not a good source of good management advice. As CEO at GE, he significantly damaged the company's viability, reputation, and culture. Also, stack ranking is awful management and a great way to turn employees against each other and turn the company's culture into a mutual snake-pit and gang-up drive-by office ghetto. To survive a "rank and yank", you don't have to be a good employee, you just need to be better connected and have a better appearance of production (for the metrics) than the other office meatbots. The patsy and straight-arrow is often the loser. Stack ranking doesn't keep the best employees, but does retain the best rump-kissing, coworker-sabotaging, and system-playing psychopaths in the company while crashing the culture and creating employee churn.
Late stage capitalism is when too many people enter into Comp. Sci and struggle to maintain a job..say what you want to say. Think what you want to think..oversaturation in a particular high paying field is greed on a personal level, not corporate
@@bobbyward2440 its not a big deal if you are talking country wide , now consider world wide and the importing of those with comp degrees and its now oversaturated.
It's almost like these people in the media can barely contain their smiles and laughter when discussing layoffs. Almost like media is the enemy of the people at this point.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Some companies I have been in will throw out resumes if the candidate is not currently working. This foolishly knocks out the loyal employee who stays after the first wave of layoffs. If you survive the first layoff, look for a job elsewhere. If they lock the stationery cabinet , buy cheap stationery, pens, etc or change to Just-In-Time inventory--get out !! Beware of lots of management meetings before their quarterly report. Dumping employees makes them profitable.
@@lethercreate waiting for one big cybersecurity attack or wait for models to become hapsburg Ai and the tech companies are running out of Data to train at some point they will use an Ai to train an Ai model then it will start making it an hapsburg ai which will hallucinate alot 😂😂😂
Pip is a kiss of death - so funny too in SaaS - less than 40% if Account executives hit quota - yet companies hit 100% of their number and they either put you on a pip or fire you- so it’s literally built into the model for them to have certain groups lose so they can cut costs - it only has upside for the company not a fair shake
LOL. I remember the rise of tech in the 90s and how people thought the old days of management were going to be gone forever....after all, the new era of CEOs wore T-shirts and sneakers. When are employees going to learn that they're a disposable commodity? Doesn't matter if the CEO is 35 and drives a Tesla or is 65 and drives a Benz....when you're out, you're out.
These days most employees are already prepared to jump the ship at any moment, always looking for something better. Companies too can live in the constant fear of losing good employees to better paying competitors.
Stack ranking is a stupid way of operating in a tech industry where the metrics are not well defined and often can be quantified and mapped with revenue/earnings. So everything boils down to your personal relationships and buttering your manager's ass (Collaborative team efforts will go outside of window)
Stack ranking only works if management really understands the contributors from the slackers. I knew dozens of engineers with 100+ of patents but never released a single product!
A PIP is almost always a prelude to termination, it's there just to string the employee along with false hope while giving the company time to figure the best way to terminate with minimum liability. If you're PIP'ed, you're basically already done there.
@@JJSmalls not really because most employers will not disclose that you were fired but will confirm the dates of employment and position(s) held. The employers don't want to be open for lawsuits.
If the management is mediocre, they will protect their own and rate the high performers unfairly. Not sure this method really yields the results it is supposed to deliver.
The best job security these days is to depend less in your company’s loyalty. It is always better to have alternatives at the side. I have seen good people were let go just for posing a threat to a lesser capable manager. Tech companies are the least reliable ones these days.
In modern management, company loyalty is a liability (unless maybe you own the company). The management idiocy like stack ranking abuses the good employees, sours the culture and strongly favors the players, smoozers, and psychopaths.
The workplace political climate promotes the players, snoozer, and psychopaths. But they are like aggressive termite eventually unknowingly rot the place from the inside out
The ratings are decided by the managers at the end of the day. How do you eliminate that bias? No wonder we are seeing average offerings from these tech companies of-late.
Tech workers need to unionize !! We need to collectively bargain against unreasonable layoffs. Companies should NOT be allowed to lay-off employees when they are making record profits. Why is it a worker's problem if the management hired aggressively and don't need so many people now? Fire the person who made these decisions instead !! Would love to see a day when ALL employees call in sick as a show of protest
No and this is stupid. Would you as a business owner like to be held at gunpoint and stripped of your ability to hire and fire as you see fit? Also you all only see the layoffs. There are startups coming up at exponential speeds and many of these are by people who have been laid off. They bring up startups and hire people. But people only want to join big tech. And that's dumb. Go join startups, you'll be far more happier.
Start up don’t resolve job security issues. But these big techs keep promising job security. When they gained they kicked. Isn’t that a betrayal with force who made them achieve it? Why shall someone join a startup then? Let’s start barter system. I make something and then other exchanges it with their products and we all live happily. Why to fall for cooperate culture? Indian market was barter system unless we had this foolish east India company introduced. We were happy. We even paid taxes with products and not as money. The money was only with government to exchange it with another. Public always have their own products and talent to offer to government but sorted their life with barter system
Stack ranking at several BIG companies includes and values checking certain boxes over performance 24/7. Nothing new. 🤷This isn't fear mongering. This is facts. I've worked there and seen it first hand. Even to the point people were bragging to their co-workers while layoffs were happening that they weren't worried because they knew they checked the right boxes. They weren't wrong.
just a reminder that stacked rankings made microsoft fall behind technologically in the 2000s. It bred a culture of selfishness and lack of cooperation between teams and individuals.
Why would you say this is performance based without any factual data? This would hurt those who are laid off and looking to find their next job. Its not as simple, companies also cut based on funding for a certain type of projects or strategy changes too.
Yeah, as always, everything will just depend on manager that either likes you or not. Because they twist and change performance reviews as they wish, while also having zero understanding of the tech side of your work, and doing nothing all year except that one month of preparing lists of people to kick and to promote.
2:47 This is true. Stack ranking will bring in big inconsistencies and likely discrimination (and lawsuits) when implemented in most engineering environments
The return of startups taking over big monoliths will also be making a comeback soon. What do you think your most skilled engineers will do with all these outdated practices..
Why don't they tell you about the laws that they can hire American workers for a limited amount of time and lay them off. Then, outsource the job internationally for a significant lower wage. that counts for getting tax breaks and grants in the government. I wish more my fellow Americans understood how corporations really ran. And then our government uses the numbers as if the economy is doing fine. 😂
The ways humans choose to structure systems never includes humanity. Jack welch literally ran the company into the ground. Why are you people like this.
Stack ranking does not help women engineers because of the bias (spoken from experience). I would be curious to see studies on this. It's true that contributions are subjective, where this just makes team members against each other.
Completely untrue. A women engineer is gold for any company, they can’t hire them fast enough. Why, diversity goals. There simply are not enough diverse engineers.
Top performer or top knee bender? Being the best is absolutley no gaurantee. And sorry it is not as subjective as one thinks becuase we all have different work we are doing and not on an assembly line assembling the same device together.
There are engineers that do their work but don't engage with management very often and they will suffer relative to the engineers that are more frequently involved with projects management is focused on. There are other factors like: what university you went to, who you know in the company, and which projects you worked on.
The lack of appreciation for what tech workers do for society will continue to hurt the country. Most people are not even aware of the domino effect already going on.
dam I think a lot of people lost respect for most companies with all the layoffs and efficiency, automation seems like even the ass kissers probably don't see it has their primary option. another reason why everyone these days wants to be their boss and start the next big company.
I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 63k.
Microstrategy CEO's $155 million bitcoin purchase signals a strong buy! Crypto is poised to outperform other sectors in 2024, especially with potential SEC crypto ETF approval. However, it's volatile. Newcomers should seek guidance from experienced advisors.
It's a new concept that some underestimate despite its rapid transactions, even faster than SWIFT, giving it an edge over wire transactions. 'Melissa Jean Taligdan' is a hot topic among financial elites in lower Manhattan. Just search for her, you'll thank me later.
It's an underestimated concept with rapid transactions, even faster than SWIFT, giving it an edge over wire transfers. 'Melissa Jean Taligdan' is a hot topic among financial elites in lower Manhattan. Look her up; you'll appreciate it later.
It's an underestimated concept with rapid transactions, even faster than SWIFT, giving it an edge over wire transfers. 'Melissa Jean Taligdan' is a hot topic among financial elites in lower Manhattan. Look her up; you'll appreciate it later.
Always think about your career, family and life first like the work experience and the salary package. Doesn't matter how big or small the company is. I have seen many people boosting about the big techs they are working for 😢😢
Boasting about your employer is absurd in this environment and culture. Kinda like when Google axed 20,000 employees nearly at random. One 20-year employee drove to his office at 5am to get a jump on his day when his key card didn't work anymore - that's how he found out. His work history didn't matter, his loyalty was meaningless. The only career you have that matters is the one you were born with and your friends and family, not sitting at someone else's desk in someone else's chair doing someone else's work and delusionally calling that your "career".
Calm down, some of the guys were doing silent resignation, moonlighting all those things 2 years ago, now you expect companies to be ethical ? 🙂↔️🙂↔️🙂↔️🙂↔️
And may be this was the reason. They were smart enough to know what’s coming up next. But those who were still loyal were the ones who suffered the most
Actually never understood why the tech companies had so many employees anyway, it literally probably takes like 100 people to run any of these tech companies.
If you want to gut your own company and make it non-competitive in the general labor landscape, use stack rankings. Those that administer the stack rankings will never understand the work that each position does, so will inevitably gut the hardest jobs regularly, leaving those critical positions highly understaffed and underpowered, kneecapping your whole company.
Most of the differences in performance of an individual are due to systemic issues and not in the control of the individual. This is just one of the reasons why this method doesn’t work and in fact causes long term damage.
Knowledge and experience are your only professional capital. Never fully train coworkers on any knowledge you acquire. Always hold something back. It’s harder than you think to be this way. We are hard-wired evolutionarily to share information. You have to be deliberate to keep knowledge and information to yourself.
Stack ranking is about sucking up to the right people. Do it well enough a couple of rounds and you should be set for life unless the company tanks. See how well it worked for GE with two-jet Immelt lol.
The main element of corporate job security is ass kissing. I've seen it all my life.
Ask Boeing.....safety is an Afterthought.
...and nepotism
A long time ago in my tech career... i learned quick... that its not what you know... but who you know. So while i knew my stuff and delivered above and beyond... it was the chaps who were close to the boss and his boss that got ahead. Guess what? Now im ahead but still know my stuff.
And that's why I left corporate 9 years ago - the better I got at my job, the more they held me back - best decision I've ever made - I work with individuals with special needs now, and even though it's challenging, it sure beats the disgusting corporate environment.
Or be related to the owner.
80% stocks 20% cash. I plan to take advantage of the s&p 500 as leading indicators predict above 10% rise by this year, my only issue is how to properly allocate a large $5m stock/bond portfolio for substantial gains at minimum risk of inflation.
I believe that diversifying your investments is the safest way to handle it. One way to lessen the effects of a market crisis is to distribute investments over a variety of asset classes, such as international equities, bonds, and real estate. It's critical to look for expert advice.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
Fantastic! That sounds wonderful. How can I get in touch with your financial supervisor?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’COLLEEN ROSE MCCAFFERY” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Another example of the modern American culture. No reward for loyalty. Keep employees always stressed out about losing their jobs, not because the company isn’t making money, but because there is more money to be made by cutting you.
Companies are beholden to their shareholders and their bottom line, not their employees.
@@themusic6808 Sadly, you’re right. However, if they keep laying off so many then they won’t have enough employees.
That is why I retired early and trade the stock market. Working out great for me.
@@themusic6808 Thanks for making my point. Believe it or not, you can be both.
Statistic shows, the most loyal workers are the hardest workers. The physically and mentally lazy workers will hanging around your company forever.
Stack ranking would NEVER work because of politics. A poorer performing employee who the boss "likes" will always be ranked higher than a higher performer.
I’ve seen it used. What I saw was employees being discussed by a group of managers and directors, not just one person ranking in a vacuum. It’s not perfect but ot seemed to come out about right
What if you stack rank by jira ticket completion, or some other objective metric? The ranking wouldn't be done by any human, it would be calculated by deliverable count.
Newer you are in project better the chances of getting out in pip. Also, leases you are part of smoking group or network group licking a** more the chances of getting later off
Well they will find a way to assign jira ticket to their favourite and will ask you to shadow them. You do it you are out you don’t then as well.
@@user-le6fn4fu2t If you see that happening try this - when you deliver work against any ticket make sure to comment in the ticket on progress all along the way. Also attach files if they're not code direct to the ticket. You can even create a new ticket yourself, use the "relates to" feature and link all the work you deliver on that ticket but connect just via link. Use Jira's commenting, tagging features, and timestamped logging to solve defeat that type of behavior.
Jack Welch basically destroyed GE in the long run with his business style. He championed short term profits at all cost (safety, quality, long-term company health and reputation). I would be skeptical of the business practices that he pioneered.
He left the next guy or two holding the bag, he got away with all the money he could stuff in his bank account.
Jack Welch destroyed GE. A company that was once the most valuable in the world.
JACK WELCH IS STRATEGY IS WHAT ALL CEOS FOLLOW..ALL
His philosophy of chasing quarterly profits over longer term goals (like employee satisfaction, product quality, safety, etc) is continuing to destroy businesses across the world. This philosophy has helped erode the middle class in America.
Thats literally how this economy works though. Its not for regular people its for companies
Well see where your smirks go when layoffs hit your news channel
The Jack Welch system of value destruction at a company is alive and well. Given the track record at GE and Boeing, I'd be concerned in bringing this system in.
Build a company up to max value then cannibalize it for residual capital. Classic formula.
Boeing? Enough said!
In the medium term, using stack ranking will create a toxic work environment, ironically hurting the company more, than whatever money they're able to save through layoffs.
I think it incentivizes employees to preemptively leave before they can get fired. At least thats what I’ve noticed.
Jack Welch is not a good source of good management advice. As CEO at GE, he significantly damaged the company's viability, reputation, and culture. Also, stack ranking is awful management and a great way to turn employees against each other and turn the company's culture into a mutual snake-pit and gang-up drive-by office ghetto. To survive a "rank and yank", you don't have to be a good employee, you just need to be better connected and have a better appearance of production (for the metrics) than the other office meatbots. The patsy and straight-arrow is often the loser. Stack ranking doesn't keep the best employees, but does retain the best rump-kissing, coworker-sabotaging, and system-playing psychopaths in the company while crashing the culture and creating employee churn.
This is late stage capitalism. How to increase stock price: annual layoffs. How to get competitive raises: annual job hop.
It's been going on since the 90's
Late stage capitalism is when too many people enter into Comp. Sci and struggle to maintain a job..say what you want to say. Think what you want to think..oversaturation in a particular high paying field is greed on a personal level, not corporate
@@bobbyward2440 its not a big deal if you are talking country wide , now consider world wide and the importing of those with comp degrees and its now oversaturated.
@@bobbyward2440when you only have one guaranteed path to middle class life, that choice is survival not greed
@@bobbyward2440 Working to be financially stable and independent is seen as greedy now? Put down the corporate koolaid, friend.
It's almost like these people in the media can barely contain their smiles and laughter when discussing layoffs. Almost like media is the enemy of the people at this point.
#Learn2Cope
@@SafeEffective-ls2pl #Learn2HaveEmpathy
It's called network PROGRAMMING for a reason 😊
Thats is becuase the think they know what they are talking about.
Its tech companies u should be blaming
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Some companies I have been in will throw out resumes if the candidate is not currently working. This foolishly knocks out the loyal employee who stays after the first wave of layoffs.
If you survive the first layoff, look for a job elsewhere.
If they lock the stationery cabinet , buy cheap stationery, pens, etc or change to Just-In-Time inventory--get out !!
Beware of lots of management meetings before their quarterly report. Dumping employees makes them profitable.
Where has all the employee loyalty gone? 😉. Won't it be great when the tech companies are begging for people again.
They have Ai.
@@lethercreate waiting for one big cybersecurity attack or wait for models to become hapsburg Ai and the tech companies are running out of Data to train at some point they will use an Ai to train an Ai model then it will start making it an hapsburg ai which will hallucinate alot 😂😂😂
Pip is a kiss of death - so funny too in SaaS - less than 40% if Account executives hit quota - yet companies hit 100% of their number and they either put you on a pip or fire you- so it’s literally built into the model for them to have certain groups lose so they can cut costs - it only has upside for the company not a fair shake
Statistic shows, the most loyal workers are the hardest workers.
For sure... Bidenomics can print trillions and employers will be begging,,,, And homeless surging.
LOL. I remember the rise of tech in the 90s and how people thought the old days of management were going to be gone forever....after all, the new era of CEOs wore T-shirts and sneakers. When are employees going to learn that they're a disposable commodity? Doesn't matter if the CEO is 35 and drives a Tesla or is 65 and drives a Benz....when you're out, you're out.
Start barter system and stop working for cooperates. They will talk about business is this and that and will keep fooling you
Those CEOs were from the hacker culture. These CEOs are from the Mckinsey culture
These days most employees are already prepared to jump the ship at any moment, always looking for something better. Companies too can live in the constant fear of losing good employees to better paying competitors.
@@hkiajtaqks5253 Your company doesn't care
Stack ranking is a stupid way of operating in a tech industry where the metrics are not well defined and often can be quantified and mapped with revenue/earnings. So everything boils down to your personal relationships and buttering your manager's ass (Collaborative team efforts will go outside of window)
Stack ranking only works if management really understands the contributors from the slackers. I knew dozens of engineers with 100+ of patents but never released a single product!
If the patents make bank then they don't need to do product work. Plenty of SREs never released a product either but they keep the lights on
the moment i get put on a performance improvement plan I am out the door without notice
A PIP is almost always a prelude to termination, it's there just to string the employee along with false hope while giving the company time to figure the best way to terminate with minimum liability. If you're PIP'ed, you're basically already done there.
Why? Let them pay you while you do the bare minimum and look for a new job. No sense in giving up unemployment benefits either.
Getting a new job will be harder if you were fired from your previous job.
@@JJSmalls not really because most employers will not disclose that you were fired but will confirm the dates of employment and position(s) held. The employers don't want to be open for lawsuits.
No more team work, everyone is out there for themselves. Dog eat dog world. This is a business. You owe no loyalty.
It’s sad
These companies are colluding
HR's secret database is the complicit gatekeeper
Stack ranking has always been there in all big tech companies.
Agreed. This is nothing new. And not newsworthy
If the management is mediocre, they will protect their own and rate the high performers unfairly. Not sure this method really yields the results it is supposed to deliver.
Amazon and Capital One have been doing this even before the pandemic
The best job security these days is to depend less in your company’s loyalty. It is always better to have alternatives at the side. I have seen good people were let go just for posing a threat to a lesser capable manager. Tech companies are the least reliable ones these days.
In modern management, company loyalty is a liability (unless maybe you own the company). The management idiocy like stack ranking abuses the good employees, sours the culture and strongly favors the players, smoozers, and psychopaths.
The workplace political climate promotes the players, snoozer, and psychopaths. But they are like aggressive termite eventually unknowingly rot the place from the inside out
Let's call it "The Boeing Model"
The ratings are decided by the managers at the end of the day. How do you eliminate that bias?
No wonder we are seeing average offerings from these tech companies of-late.
Haha! PIP is not an opportunity 😅
Tech workers need to unionize !! We need to collectively bargain against unreasonable layoffs. Companies should NOT be allowed to lay-off employees when they are making record profits. Why is it a worker's problem if the management hired aggressively and don't need so many people now? Fire the person who made these decisions instead !! Would love to see a day when ALL employees call in sick as a show of protest
#Learn2Cope 🤣🤣🤣
No and this is stupid. Would you as a business owner like to be held at gunpoint and stripped of your ability to hire and fire as you see fit?
Also you all only see the layoffs. There are startups coming up at exponential speeds and many of these are by people who have been laid off. They bring up startups and hire people. But people only want to join big tech. And that's dumb. Go join startups, you'll be far more happier.
Start up don’t resolve job security issues. But these big techs keep promising job security. When they gained they kicked. Isn’t that a betrayal with force who made them achieve it? Why shall someone join a startup then? Let’s start barter system. I make something and then other exchanges it with their products and we all live happily. Why to fall for cooperate culture? Indian market was barter system unless we had this foolish east India company introduced. We were happy. We even paid taxes with products and not as money. The money was only with government to exchange it with another. Public always have their own products and talent to offer to government but sorted their life with barter system
No 👎 we do not. Leave us alone. Don’t bring the silly mess over here
@@user-le6fn4fu2t shut up no one promised you job security. you want job security go work government job.
Stack ranking at several BIG companies includes and values checking certain boxes over performance 24/7. Nothing new. 🤷This isn't fear mongering. This is facts. I've worked there and seen it first hand. Even to the point people were bragging to their co-workers while layoffs were happening that they weren't worried because they knew they checked the right boxes. They weren't wrong.
just a reminder that stacked rankings made microsoft fall behind technologically in the 2000s. It bred a culture of selfishness and lack of cooperation between teams and individuals.
Why would you say this is performance based without any factual data? This would hurt those who are laid off and looking to find their next job. Its not as simple, companies also cut based on funding for a certain type of projects or strategy changes too.
Is it not related to move jobs to cheaper countries?
Tech layoffs in the west but in india and south east asia offahore tech jobs is always hiring. employees company hop every year IMO.
Yeah, as always, everything will just depend on manager that either likes you or not. Because they twist and change performance reviews as they wish, while also having zero understanding of the tech side of your work, and doing nothing all year except that one month of preparing lists of people to kick and to promote.
2:47 This is true. Stack ranking will bring in big inconsistencies and likely discrimination (and lawsuits) when implemented in most engineering environments
The return of startups taking over big monoliths will also be making a comeback soon. What do you think your most skilled engineers will do with all these outdated practices..
Startups will be bought out and sold to the big companies everytime
startups are full of crooks who dump their employees before paying out
This tells us that we need to change mains for the remainder of the decade. CS is no longer in demand.
Why don't they tell you about the laws that they can hire American workers for a limited amount of time and lay them off. Then, outsource the job internationally for a significant lower wage.
that counts for getting tax breaks and grants in the government.
I wish more my fellow Americans understood how corporations really ran.
And then our government uses the numbers as if the economy is doing fine. 😂
To save money it would make more sense to layoff all their project managers, product managers, and program managers.
if you have any self-esteem, never join to a stack ranking company. or just leave
The ways humans choose to structure systems never includes humanity. Jack welch literally ran the company into the ground. Why are you people like this.
The way news reporters inflect their voices is so disingenuous I could never watch the news. They all sound the same. Gross.
Why is this on now? Big Tech has been stack ranking for years. This is not new.
What about favoritism ?
Who would have thought ZIRP policies would backfire.
Companies are moving the dangling carrot further ahead.
Stack ranking does not help women engineers because of the bias (spoken from experience). I would be curious to see studies on this. It's true that contributions are subjective, where this just makes team members against each other.
Completely untrue. A women engineer is gold for any company, they can’t hire them fast enough. Why, diversity goals. There simply are not enough diverse engineers.
This video is so uninformed. These are not new systems. They've always been using them. Amazon has an SVP goal for reducing 6% annually.
Shopify, worst company Ever
Imagine always being stressed at work because you can be fired any day, it doesn't help build great teams
Much easier to play headcount games in software companies
Kate Rooney is a national treasure
Unless it's transparent the stack system would lead others to wonder what value they provided to deserve a raise over them.
Top performer or top knee bender? Being the best is absolutley no gaurantee. And sorry it is not as subjective as one thinks becuase we all have different work we are doing and not on an assembly line assembling the same device together.
There are engineers that do their work but don't engage with management very often and they will suffer relative to the engineers that are more frequently involved with projects management is focused on. There are other factors like: what university you went to, who you know in the company, and which projects you worked on.
The lack of appreciation for what tech workers do for society will continue to hurt the country. Most people are not even aware of the domino effect already going on.
dam I think a lot of people lost respect for most companies with all the layoffs and efficiency, automation seems like even the ass kissers probably don't see it has their primary option. another reason why everyone these days wants to be their boss and start the next big company.
we've got a ping pong table
I think I’m still going to wait for that 2026/27 Hyundai Ioniq 5 Limited.
After their Georgia factory is operational and supply chain is better.
If they are really doing this, id hope that being let go is also a function of your backlog of good work, not every year is a good year
Higher demand employees will quit or jump ship 🛳️ faster 😂 ..
this is a good thing
That’s your beautiful Capitalism
Efficiencies = layoffs, why use codewords instead of calling it what it is?
Rank and yank, sounds obscene. Glad I inherited a ton of money and left Silicon Valley years ago.
If you have a toddler and you want to spend time with your child then you will be ranked to let go 😂. Is that money worth it?
Tech folks who are not fired will keep showing off their TC! Don’t worry!
This definitely not true lol
They’re cutting amazing workers except the ass kissers
Yank my balls biotches.
how about a talent show? see who tells the best jokes? Only the funniest get to keep their jobs.
Mabye those who write poems exhalting the "wise & humble" CEO.
Maybe limbo dancing...
MBAs have ruined U.S. companies.
@m42666 court jesters were spared if they amused the king.
Don't forget Tiddies......
It’s not MBA. It’s cooperative culture which is cooperating only the owner and board no one else
I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 63k.
Microstrategy CEO's $155 million bitcoin purchase signals a strong buy! Crypto is poised to outperform other sectors in 2024, especially with potential SEC crypto ETF approval. However, it's volatile. Newcomers should seek guidance from experienced advisors.
could you recommend some good advisers? don’t get me wrong, I already have an asset manager, but he seems not to know much about crypto.
It's a new concept that some underestimate despite its rapid transactions, even faster than SWIFT, giving it an edge over wire transactions. 'Melissa Jean Taligdan' is a hot topic among financial elites in lower Manhattan. Just search for her, you'll thank me later.
It's an underestimated concept with rapid transactions, even faster than SWIFT, giving it an edge over wire transfers. 'Melissa Jean Taligdan' is a hot topic among financial elites in lower Manhattan. Look her up; you'll appreciate it later.
It's an underestimated concept with rapid transactions, even faster than SWIFT, giving it an edge over wire transfers. 'Melissa Jean Taligdan' is a hot topic among financial elites in lower Manhattan. Look her up; you'll appreciate it later.
Always think about your career, family and life first like the work experience and the salary package. Doesn't matter how big or small the company is. I have seen many people boosting about the big techs they are working for 😢😢
Boasting about your employer is absurd in this environment and culture. Kinda like when Google axed 20,000 employees nearly at random. One 20-year employee drove to his office at 5am to get a jump on his day when his key card didn't work anymore - that's how he found out. His work history didn't matter, his loyalty was meaningless. The only career you have that matters is the one you were born with and your friends and family, not sitting at someone else's desk in someone else's chair doing someone else's work and delusionally calling that your "career".
🙇🏻@@BarfingGerbil
Its bell curve not stack ranking
Too much Taco Bell will make you curve.
They're also going to be outsourcing some of these tech jobs to other countries keep costs down
If your score doesn’t rise but instead remains at a very high level, you are not eligible for a raise? Time for a new job, buy bye.
Wait till we make gen-ai reporters. They wont be smiling like that
I am convinced the American tech market is either the hunger games or attack on titan in real life
Don’t forget also deciding management will choose based on background. Scratch my back culture.
Everyone knows who’s good and who isn’t
@@MatthewMS. not really, it's more about who's your cousin
Calm down, some of the guys were doing silent resignation, moonlighting all those things 2 years ago, now you expect companies to be ethical ? 🙂↔️🙂↔️🙂↔️🙂↔️
And may be this was the reason. They were smart enough to know what’s coming up next. But those who were still loyal were the ones who suffered the most
Should it be 2020 or why see 2000 at 1:25
Actually never understood why the tech companies had so many employees anyway, it literally probably takes like 100 people to run any of these tech companies.
It’s not a bad idea. ForgetAI I have people in my small company whose job can be automated with outlook express
If you want to gut your own company and make it non-competitive in the general labor landscape, use stack rankings. Those that administer the stack rankings will never understand the work that each position does, so will inevitably gut the hardest jobs regularly, leaving those critical positions highly understaffed and underpowered, kneecapping your whole company.
It seems more random with high performers also let go. Probably who the manager likes/dislikes, sometimes perception and not reality.
Most of the differences in performance of an individual are due to systemic issues and not in the control of the individual. This is just one of the reasons why this method doesn’t work and in fact causes long term damage.
They're keeping all the sleeper cells and getting rid of the rest 👍
Lol PIP stands different word for me.
It's paid interview prep
Banger
Knowledge and experience are your only professional capital. Never fully train coworkers on any knowledge you acquire. Always hold something back. It’s harder than you think to be this way. We are hard-wired evolutionarily to share information. You have to be deliberate to keep knowledge and information to yourself.
Profitability is America's priority
evil evil
a good manager knows who needs to be fired, doesn't need to rely on popular gimmicks 🙄
Of course they get rid of the dimmer lights first. Nothing new.
I hate corporate America.
That’s life
AWS does this everyday
Stack ranking is about sucking up to the right people. Do it well enough a couple of rounds and you should be set for life unless the company tanks. See how well it worked for GE with two-jet Immelt lol.
I thought she meant full stack or not...
no wonder no one is having children anymore. Everyone's working too hard to not get fired.
Ah yeah, the stack ranking, because last time it worked so well