Blind TL;DR Edition No. 19: Week Ended March 18, 2022
Blind TL;DR helps you stay on top of what shaped the tech industry this week in about 3 minutes. Keep tabs on the latest with insights straight from the newsmakers—technologists like you.
No more dirty laundry, please!
It seems like Meta has had enough with its employees’ dirty laundry. The Facebook owner is reopening its office on March 28, but the laundry benefit will not make a return. Metamates previously had access to laundry and dry cleaning services on-campus.
The laundry benefit is not the only perk to go. Find out more on Blind.
No chill at Netflix
You might have to get your own password soon. Netflix is cracking down on accounts used by more than one household and is introducing a surcharge for account-sharers.
Blind asks: Do you even subscribe?
An arm and a leg
After its failed merger, Arm will fire as many as 1,000 people to cut spending. According to the CEO, the layoff of 15% of the company will focus on the U.K. and U.S. The SoftBank-owned chip-maker still plans to IPO.
Check out the semiconductor industry’s reaction only on Blind.
A startup giant falls
Stripe might have raised a record $600 million at a $95-billion valuation last March, but at least one major investor isn’t impressed.
Fidelity, who purchased shares of the payments processor in the company’s Series H, cut the valuation of its shares by 9%. The mutual-fund giant became bearish as shares of the fintech giants Affirm, PayPal and Block, which owns Square, have dropped by 50% or more in the past six months.
Read: One Stripe employee on Blind thinks shares could be down 70%.
Is there a sunshine tax?
Florida wants to be home to the next Silicon Valley. Some of the companies which have set up shop in the Sunshine State have started to pay the big bucks to make the dream a reality, according to a recent analysis by Blind.
Blind reveals the best-paying cities for software engineers in Florida.
Googlers aren’t happy
The annual employee survey at Google leaked this week, and the results weren’t pretty. Google employees were dissatisfied with their total compensation, with fewer thinking their pay packages were fair and equitable than last year.
Blind found another reason why Google employees are unhappy: the return to the office. Find out what Google professionals think.
Be a newsmaker
Make an impact with your work. The top companies in the headlines are using Blind to grow. Find out how you can get an offer from some of the most innovative and fast-growing companies.
