Blind TL;DR Edition No. 21: Week Ended April 1, 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.
Are you still watching?
Executives at Netflix recently dedicated several town hall meetings to reminding employees to watch their spending and hiring. The pleas come as subscriptions for the video-streamer slow, and the company plans to crack down on password sharing to boost its customer count.
Read the reaction to the potential upcoming budget cuts on Blind.
Another IPO delayed
GoPuff, the convenience store in an app, shed more than 400 jobs to achieve profitability. The layoffs affect corporate employees and its warehouse operations team worldwide. The delivery app previously laid off 100 members of middle management in January.
In more bad news, the company says it has no immediate plans to go public, suggesting it has had to push back its IPO plans. Find out which other companies might be planning layoffs this year on Blind.
We’re not going to take it!
Some verified professionals at Apple are really upset about having to return to the office. The iPhone maker’s return-to-office plan calls back employees at least one day a week starting April 11. By May 23, employees will have to work three days a week from the office.
Read: One verified Apple professional says they plan to resign on the first day back.
The failed Series C
There’s more bad news for the Stripe-backed startup Fast: The company reportedly earned only $600,000 in revenue last year. The disappointing result may explain why investors passed on the one-click payments service’s attempted $100 million Series C last year.
Now, Fast is looking to sell itself to another company. See how the troubles are affecting job offers at the startup.
Seattle isn’t No. 1
Developers looking for the best total compensation might want to rethink Seattle. The city couldn’t claim the top spot in the Pacific Northwest, even after Amazon doubled its cap on base salaries.
Is social media dead?
Once universally known as “best places to work,” many social media companies are now struggling to hire and keep talent. Blind found things could be getting worse.
As many as 82% of verified TikTok professionals are considering looking for another job. LinkedIn, Meta, Pinterest, Twitch and Twitter also have many employees eyeing the exit. Check out what’s behind the trend—only on Blind.
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.
