Blind TL;DR Edition No. 36: Week Ended July 15, 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.
Coasters, beware!
Managers at Meta are on the lookout for poor performance. The head of engineering sent an email asking engineering managers to identify direct reports which might need support. The announcement comes as the company expects to tighten up its employee performance policies, which some believe have become too lax during the pandemic.
Read more about Meta’s performance changes—only on Blind.
The FAANG slowdown is underway
After hiring 10,000 new people in the second quarter of 2022, Google told employees it would slow down hiring for the rest of the year. Just don’t call it a hiring freeze. The CEO said hiring for engineering, technical and critical roles would continue into 2023.
But some Googlers are still worried. The companywide memo had some potentially ominous language, including the phrase: Scarcity breeds clarity. Check out why some think Google isn’t worth it anymore.
Annual layoffs
Between 1,000 and 1,800 people will lose their jobs at Microsoft. The layoffs are less than 1% of total staff but aren’t limited to specific geographies, products or business lines. The mass firing comes after the Big Tech company slowed hiring.
Learn more on Blind, including why Microsoft has annual layoffs.
$1 billion in savings
Oracle wants to save up to $1 billion and may lay off thousands of people next month. The job cuts would primarily affect U.S. and Europe workers in marketing. It might explain why the CMO and a senior vice president of marketing recently left the company.
Find out who else could be included in the August layoffs.
Silicon Valley v. Wall Street
Before Silicon Valley and Big Tech, many college graduates and experienced professionals hoped to earn the big bucks by working on Wall Street. Some great opportunities for large pay packages still exist, especially at high-frequency trading firms and investment banking. Blind broke down investment banking salaries and bonuses across all levels to rank the richest offers.
Save Blind’s best-paying cities for investment bankers.
Earth’s best employer
Amazon takes its leadership principles seriously. No. 1 is customer obsession, and the e-commerce giant needs forecasts, data and research to build and keep customer trust. It’s where data scientists, data engineers and business analysts come in. We share what it takes to get hired in each role and what the job interview is like.
Here’s everything you might want to know about data roles at Amazon.
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.
