Blind TL;DR Edition No. 27: Week Ended May 13, 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.
Tech privilege
Uber CEO Dara Khosrowshahi wants to be known as the leader who reset the company’s culture. Now, he may be better known for resetting working expectations in Silicon Valley. The CEO sent an all-staff email reminding everyone that hiring is a privilege and that they would be more hardcore about their spending. Read the reactions to the email.
The worst game of limbo
Things might have gone from bad to worse at Twitter. The company is working hard to save money. Job offers may be rescinded, and there’s now a hiring freeze. CEO Parag Agrawal will also cut consulting, marketing and travel budgets. Also gone: two heads of product!
Take a peek at the CEO’s email, which was leaked on Blind.
Clean up on aisle two
The grocery-delivery app Instacart filed for its IPO. The public market debut could happen this year, although it’s still possible they might decide to stay a private company. Just two months ago, the company cut its valuation from $39 billion to $24 billion.
Remember: It’s a rough time for tech stocks. More than half of last year’s IPOs have fallen by 50% or more, including big names like Coinbase and Robinhood.
Find out why Instacart might want to IPO in a market crash.
Some for you, some for me
The used-car salesmen Carvana laid off 2,500 people the same year that used cars reached record-high prices. Even worse, the mass firing was announced on the same day as their $2.2 billion acquisition of the car-auction company ADESA U.S.
Technologists on Blind answer which company might be next.
The $330K role you might not know about
The average total compensation for systems engineers is more than $330,000, according to a new analysis by Blind. Systems engineers can command large pay packages because they are technical leads responsible for creating, tracking and optimizing different designs and processes across multiple engineering disciplines.
Don’t miss the Blind-exclusive list of best-paying cities for systems engineers.
Waiting for a meet cute
If you ever wondered why a certain coworker was really into returning the office, we might know why. A new survey from Blind found that 35% of professionals who are single think the reopening of offices and other places will help their sex life. Seriously.
Check out which companies’ workers think will get lucky.
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.
