Blind TL;DR Edition No. 29: Week Ended May 27, 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.
What recession?
It’s not all doom and gloom. Apple is the latest big tech company to hike its workers’ pay. The iPhone maker will increase its overall compensation budget for retail workers and corporate employees to keep talent. Recently, Amazon nearly doubled the maximum base salary, and Microsoft almost doubled its global budget for merit salary raises.
Find out when the raises will hit paychecks—only on Blind.
Fast fire
After its competitor Fast shut down, Bolt fired more than 200 engineers, marketers, recruiters and salespeople. To make things worse: Some of the people let go had taken out loans to buy their stock options, which they must now pay back within 90 days.
Follow the Bolt layoffs in the mega thread on Blind.
Software is king
Chip-maker Broadcom said it would buy VMware for $61 billion to create an enterprise giant. The acquisition is the latest move by Broadcom to diversify its business into software and is the year’s second-largest M&A deal. Read about the deal on Blind.
Focus on profitability
European fintech company Klarna reportedly cut 700 people through a pre-recorded video from the CEO. The boss blamed inflation, the up-and-down stock market and even the ongoing war in Ukraine. Now, the company is looking to slow growth and raise money and what could be a 20% to 50% discount from its last valuation. Catch the reactions on Blind.
You don’t have to code to get paid $375K
One of the best-paying jobs in tech doesn’t require you to code nonstop. Technical program managers drive company or product strategy and can rake in more than $375,000, according to a new analysis from Blind. Check out our exclusive list of the best-paying cities.
Skip bootcamp
You don’t have to study computer science or go to a coding bootcamp to get hired at Amazon as a software engineer. After graduating from law school and deciding they wanted to be a programmer instead of a lawyer, this Blind user cracked the job interview with some self-study. Here’s how they earned the offer.
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.
