Blind TL;DR Edition No. 25: Week Ended April 29, 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.
Elon’s takeover
The technoking is serious: After agreeing to buy Twitter for $44 billion, Tesla Founder and CEO Elon Musk sold $8.5 billion of Tesla shares to help finance the deal. Despite the huge sale, he’s still the carmaker’s largest shareholder with about 16% of the company.
To secure funding for the buyout, Elon reportedly told banks he would consider job cuts and pay cuts, notably for the company’s board of directors, to save costs. Find out how Twitter employees reacted to Elon’s acquisition on Blind.
Bye-bye, Robinhood!
Robinhood laid off 9% of its employees or more than 300 people, including engineers and other tech staff, as its stock hit a new all-time low. The discount brokerage app bungled hiring, saying it had hired duplicate roles and job functions last year.
The financial-technology company, which earns most of its revenue from selling its customer’s trades to others, reported fewer monthly active users and disappointing revenue this week. Check out what morale is like at Robinhood—only on Blind.
Wipeout
The highly-paid staff at Netflix are getting antsy. Shares of the video-streaming app are at their lowest point in the last five years, and some employees are now underwater on their stock-based compensation. Worst still, the company laid off members of its marketing team, including journalists who wrote about Netflix’s content for the in-house publication “Tudum.”
Get behind the scenes to the Netflix equity conversations on Blind.
Work anywhere you want
Airbnb scrapped its September return-to-office plan this week and told employees they could work remotely permanently. U.S. team members can also live anywhere in the country without affecting their compensation. Read the reactions to the policy on Blind.
Here’s where data engineers can earn $400K
Data engineers often support data scientists or analysts by making data more accessible and ready for analysis. As more companies rely on data, demand for these specialized software engineers has increased. Some data engineers can earn more than $400,000 in total compensation, according to a recent analysis from Blind.
Take a peek at the 48 best-paying cities for data engineers in the U.S.
Fear, uncertainty and doubt?
As the U.S. economy continues to struggle, technologists are becoming more concerned. Some professionals are pessimistic about the outlook of their companies. Blind found that half of all professionals think their company is headed on the wrong track.
Catch the complete analysis, including what companies can do to turn things around.
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.
