12
vane
64d

Big job cuts on Monday and Tuesday.
We’ll see who will survive until next month.

Comments
  • 2
    It's about to hit programmers hard. None of the small business loans made available from the governments are available to startups as having private equity funding links you financially to the equity firm which is ineligible.
  • 0
    Pff 🤦‍♂️ not dis shit
  • 3
    @SortOfTested Yeah startups will go down first along with all marketing agencies. Best way to survive is work in logistics, finance, telco and medicine business I think.
  • 2
    Shouldn't this be illegal? I mean I can understand why but still..
  • 0
    which startups? which fields I mean? Online shopping and logistical systems seem to be stressed to their breaking point right now and there's been a new wave of new svelte jobs hit the market just in the past week, which is a pretty rare thing.
  • 1
    @M1sf3t ride hailing and travel I think is dead for a year
  • 2
    @vane now that I can definitely see. Delivery apps will be on the rise though, especially if amazon ever succeeds in their one day delivery plan.

    There's a startup, I think out of louisana, called waitr that I noticed hiring a while back. They were hiring for positions there and jackson anyway. I noticed a lot more businesses mentioning them in their ads the past couple of weeks, might be worth looking into if rideshare is your thing.

    Couple mechanic services similar to the one I was trying to put together too, I imagine they'll start seeing an influx of customers, people already hated having to sit and wait for routine maintenance to be done to their vehicles.
  • 1
    @vane
    Poorly position startups. We're just fine over here thanks to my finance founder's excellent positioning.
  • 3
    @M1sf3t
    The thing those startups will have to watch out for is what's going to happen to zoom. They've exploded in demand and scaled up to meet it with reckless capital maneuvers. When this shit calms down, they'll dump 90% of their revenue.
  • 0
    @SortOfTested they'll have to be careful, no doubt, but I think the main thing that's been holding them back is that it's just not the norm.

    Especially on the maintenance side, logistics is hell working on the road, but the numbers themselves would put any brick and mortar shop that didn't do advanced repairs completely out of business. There's just no contest between the building cost, customer liability, oil disposal fee's, taxes, insurance etc etc. On the road you've got basic liability the best I could find out.

    The flipside of that is there is absolutely nowhere to turn for information. I pestered the guy setting up my insurance for a week or two about making sure I had all my bases covered and even called a lawyer from legalzoom and he couldn't really tell me anything without me paying him to research. I think that's what got uber in trouble, there were no specific laws to govern what they were doing so they just took their best guess and went with it.
  • 1
    We invoked our force majeure clause with our contractors. We’re an airline, and revenue is pretty much gone, so it’s unavoidable, which is sad. That’s one of the down sides of contracting. What really sucks is that some of the contracting companies are laying off their workers, many of whom are H1B, which means they are stuck outside their home country without income. We’re doing a lot of things to cut costs in order to avoid lay-offs of employees. Workloads have increased, needless to say.
  • 1
    @rutee07 It is in many countries, but not everywhere.
  • 1
    @rutee07 those that operate with low margin money is ending fast so it doesn’t matter cause they will fill bankruptcy, other will cut small numbers but combined it will be big in country scale.
    For most next 3 months will be critical.

    If you’re not prepared to live for a year without income it’s going to be wild ride cause this year ended last month.
  • 2
    @vane We would all come out a little bit wiser after all of this. Here, it's so common for people to rely on the next paycheck, it has become a meme. I can't imagine what a terrible surprise this is. I hope it ends soon.
  • 2
    Now I feel lucky and dodged a bullet for leaving that start-up company that I liked earlier.
  • 2
    @rutee07 Nothing will change, people will forget about it sooner or later, those that are now 17-24 will get their first job next year when it’s over and 10 years later face same problems.
  • 0
    People still hiring over here. We got under 10 deaths total and people are distancing without problems. Looks like we're gonna be fine.
  • 1
    I missed most of my childhood.

    I missed almost all of my teens.

    I missed most of highschool (not much to miss according to most people)

    Came of age in 2008, missed out on a decent job market and establish myself.

    Missed out on college.

    Missed more than half my twenties

    Missed the window to release my game back a few years ago when steam was way easier to get on and thedemand for that particular genre was hot.

    Finally decide to go for a programming career and now I'm going to miss that.

    Feels like my entire generation got fucked.
  • 2
    @Wisecrack If it makes it any better, there might be no "newer generation" soon.

    *Shrugs*
  • 1
    @Wisecrack every single generation gets fucked one way or another
  • 0
    @Wisecrack I was writing in general don’t worry I was fired during crisis from my first job due to company money flow problems and I didn’t gave up and still working.

    It’s just during crisis you need to be smart and after crisis there are lots of new opportunities so those who just started their career will have lots of job offers even more interesting then before.
  • 0
    @vane

    I think I'll just go with plan b and join a branch of the military.

    Killing brown people in some distant shithole sounds like a stabler way of life than relying on companies in the modern era not to stab everyone in the back. Not to mention it's at least one set of skills that never get old, unlike 'new fad technology x' every other fucking year.
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