Blind TL;DR Edition No. 39: Week Ended Aug. 5, 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.
Got any ideas?
Things must be getting desperate at Google. The internet giant is passing the hat around to employees for ideas to improve efficiency to kick off a so-called “productivity sprint.” The CEO wants more than 170,000 employees to get better results faster.
Technologists on Blind debate whether Google is still a top employer.
100,000 people cut
Earth’s best employer shed 100,000 employees last quarter. The job cuts of 6% are Amazon’s largest in a single quarter. Just don’t call it a layoff: On the last earnings call, executives said they got rid of the positions by adjusting hiring and normal attrition.
Find out which teams might have lost the most jobs.
‘This is on me’
It seems like things at Robinhood have gone from bad to worse. The stock-trading app fired nearly 800 people this week as revenue fell compared to the previous quarter, and monthly active users dropped by 33%. The company laid off 9% of its staff less than four months ago. In the earnings call, the CEO accepted the blame and said they had overhired.
Check out the reactions to the news on Blind.
The bloodbath
The layoffs have begun at Oracle. Employees said some teams had lost as many as 30% to 50%. The marketing and customer experience groups were hit particularly hard, and hundreds or even thousands of people may have been affected. Some engineers and long-time employees found themselves suddenly jobless.
Read more about the layoffs on Blind.
How do you handle a counteroffer?
If you have a job offer in hand, you’re likely trying to figure out how to break the news to your manager or HR team. You might even be dreading telling anyone. Fortunately, the conversation doesn’t have to be awkward.
Take a peek at our guide about how to quit and even handle a counteroffer.
Is HR on Blind?
You’re not paranoid: There are executives, recruiters and HR pros on Blind. But many of them aren’t using the app the way you think, so you might want to think twice before you accuse someone of “being HR” in your next post.
Learn how one HR executive uses Blind in her own words.
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.
