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prisoner of waffles posted:The guy who writes the funny, chatty Bloomberg pieces discussed this at length. When doing private rounds, WeWork could present itself to investors basically however it liked. When it was getting ready to sell its stock as a public company, it was required to disclose different information that made it look like the house of cards it clearly was. Do you have a link to this? I don't know the guy you're talking about, but I'd love to check this out, it sounds interesting.
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Dec 27, 2019 02:21
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a hot gujju bhabhi posted:Do you have a link to this? I don't know the guy you're talking about, but I'd love to check this out, it sounds interesting. Matt Levine: https://www.bloomberg.com/opinion/articles/2019-12-16/we-kept-almost-making-money e: I could quote a lot of that story but I’ll restrain myself. e^2: what the hell quote:[...] The counterargument is that sometimes the company’s management has no idea how to think about the future, and you’ll do a better by extrapolating from past results (“hmm they lose money every year, maybe they’ll lose money next year”) than they will by writing down their aspirations (“we’ve lost money every year but a miracle is imminent”). Holding companies to the facts, rather than letting them spin the story they want to believe, is essential if they are selling stock not to sophisticated private investors but to the general public. But also sometimes the general public ends up looking more sophisticated than the private investors, because they don’t have dreamy stories to distract them from the facts. Just an extremely clear and succinct summary imo Do you already read the tech bubble thread if this is your jam? https://forums.somethingawful.com/showthread.php?threadid=3902494 It’s about this kind of stuff but also YOSPOS subjects. prisoner of waffles fucked around with this message at 02:35 on Dec 27, 2019 |
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Dec 27, 2019 02:26
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prisoner of waffles posted:Matt Levine: https://www.bloomberg.com/opinion/articles/2019-12-16/we-kept-almost-making-money Thanks! That's a pretty new (to me) explanation and it makes a lot of sense. This stuff is very much my jam, I'll check out that thread. Thanks again!
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Dec 27, 2019 06:36
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prisoner of waffles posted:Do you already read the tech bubble thread if this is your jam? https://forums.somethingawful.com/showthread.php?threadid=3902494 poo poo, there goes my productivity for the day. Thank you!
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Dec 27, 2019 08:06
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Plorkyeran posted:When you strip away the bullshit, WeWork is something whose time came 20 years ago, and there’s already several large and modestly profitable companies in that space. WeWork’s differentiating factor was that because they were burning VC money they could provide a nicer offering without charging more. There’s probably room for a company that does a coworking and small office offering but without being as obnoxious as Regus can be. Then again, nickel and diming you on fees and awful terms is how Regus can actually be profitable.
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Dec 28, 2019 07:23
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I once put in a request with Regus's online form on a Sunday afternoon and seven different salespeople called my phone within the next 90 minutes
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Dec 28, 2019 15:24
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Regus has pretty thin margins, so assuming that they haven't made any major avoidable fuckups that burned money there probably isn't a lot of room to be better than them without charging more.
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Dec 28, 2019 18:13
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JawnV6 posted:There's no personal insult, although given that you quoted and responded to text for someone else I don't hold your posting in the highest regard. Eh, you quoted my post though so there's that. Anyway, never mind.
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Dec 28, 2019 19:47
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Regus bought out a local coworking chain and the immediate exodus was ridiculous - the chain had two locations in Wellington and since the buyout one’s been closed while the other removed a floor and the space that’s left is a ghost town. All the prior staff left too.
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Dec 28, 2019 21:23
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WeWork, even before the IPO, was the company that had "community-adjusted EBIDTA", which was extremely thinly veiled bullshit. Nobody even remotely bought it, the whole point was to sell people on the illusion.
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Dec 29, 2019 06:33
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Is there any "protocol" for submitting a two-weeks notice? Email or sit down and tell my boss face to face? Need I say anything more than, "I've accepted an offer from another employer, X will be my last day"? Earlier this year a network admin gave his notice and then was essentially fired on the spot. CTO said it was a security concern because of what he could do over the next 2 weeks, which I get. Not sure if it might happen to me as a programmer. I'm leaning towards no, but y'never know...
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Dec 30, 2019 20:28
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Sab669 posted:Is there any "protocol" for submitting a two-weeks notice? Email or sit down and tell my boss face to face? Need I say anything more than, "I've accepted an offer from another employer, X will be my last day"? Email. Or, hell, Slack message. I gave my notice over Slack to the two cofounders at the last company. Throw in a, "I have greatly appreciated" and a good few "opportunity to grow". And write out a plan for your last 2 weeks: are there any things you're finishing up with? Any knowledge transfers to make? Also this is your opportunity to either allow them to counter or shut the door on a counter. Usually a "I feel it is time for me to move on" is a good shut the door statement. If you like your manager, you can send it, give it a few and then go knock on their door for an informal thank and shake. e: mostly you're trying to leave amicably and make all those linkedin connections because further into your career, a lot of your opportunities might come from people you've worked with, especially managers. I've found that my 3 years of semi-retirement/semi-freelance set me back as compared to a junior from the company just prior because he worked about 8 places in 6 years and had started to get offers mostly from people he worked with at each of those stops. He got a 10-20% pay bump at each stop, but I was able to ask for the remote-equivalent of what he was making for all positions I applied for, so that wasn't nearly as big a factor. kayakyakr fucked around with this message at 20:46 on Dec 30, 2019 |
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Dec 30, 2019 20:36
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There are templates online for crafting an official letter. Write the letter, and give it to HR. Then tell your boss. You don’t need to say much more than exactly what you said in your post. Yeah, they can fire you but I think that’s extremely unusual.
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Dec 30, 2019 20:37
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Tell your boss first, in person, if you like them at all. Then write the worlds shortest resignation letter and send it wherever they tell you to "I am resigning effective XYZ, thanks"
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Dec 30, 2019 21:04
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Mao Zedong Thot posted:Tell your boss first, in person, if you like them at all. Yes, this, do it in person with your direct manager. Unless you hate them don't do it over slack/email/whatever. Be prepared with an end date in mind, and if your decision is final. They may try the whole "what can we do to make you stay" game, or try to negotiate a later final day. If you know that your mind is made up, stick to your guns but be professional. I recommend against letting them convince you to push your last day out further than 2-3 weeks. Even with the best of intentions, once you make your notice formal you are going to not. give. a. poo poo. anymore. Don't draw it out any longer than need be for professional courtesy. Also the company will likely want to keep it private for a short period of time while they figure out what, if anything, management is going to do about it. They will likely tell you a day/time that it will become "public" knowledge. On that day, you may want to let people you actually care about know right before it goes public, so they don't learn from an all-org blast. It'd be unusual, but not unheard of, to get escorted out the day you give notice. Really depends on the company culture and the role. Companies that do do this should still pay you for your intended final 2 weeks, unless they are shitbags. Guinness fucked around with this message at 21:16 on Dec 30, 2019 |
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Dec 30, 2019 21:14
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Sab669 posted:Is there any "protocol" for submitting a two-weeks notice? Email or sit down and tell my boss face to face? Need I say anything more than, "I've accepted an offer from another employer, X will be my last day"? I doubt he was "fired" per se, I think what you're talking about is where the company decides they don't want you in the office for that 2 week period, but they will still pay it out. This is not meant as an insult or disrespect or disapproval of the quitter, it's just purely a protocol for protecting the company from an employee who (understandably) won't really give much of a poo poo for the next 2 weeks. This is somewhat common for roles that have lots of access to sensitive stuff. Or you might be right and he was fired as retaliation for quitting, which would be highly unusual.
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Dec 30, 2019 22:05
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a hot gujju bhabhi posted:I doubt he was "fired" per se, I think what you're talking about is where the company decides they don't want you in the office for that 2 week period, but they will still pay it out. This is not meant as an insult or disrespect or disapproval of the quitter, it's just purely a protocol for protecting the company from an employee who (understandably) won't really give much of a poo poo for the next 2 weeks. This is somewhat common for roles that have lots of access to sensitive stuff. Yea that's a possibility, my coworker said that's how her last job handled resignations too. All's I know is the CTO told us "Scrubnuts gave his 2 weeks, which I didn't accept" so we were left to infer what we will. I do like my boss so I guess I'll tell it to him in person, then email CTO/HR afterwards. I don't hate where I work; coworkers are great, benefits are great, but the work itself is quite tedious and I don't think they'd be willing to counter-offer an amount that would really make me consider staying though. Thanks goonses.
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Dec 30, 2019 22:53
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Sab669 posted:All's I know is the CTO told us "Scrubnuts gave his 2 weeks, which I didn't accept" Lmao at the idea that an employer can not accept a resignation. Sounds like your CTO is salty and full of themselves.
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Dec 31, 2019 08:11
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Xik posted:Lmao at the idea that an employer can not accept a resignation. Sounds like your CTO is salty and full of themselves. I’m not fired, you’re fired!!
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Dec 31, 2019 08:58
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I just told my manager, "I'm resigning, this is my two weeks notice." Done.
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Dec 31, 2019 12:59
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I've been asked to mentor an intern we're getting from the local university for the next six months, and I've never done such a thing formally. I'm not terribly concerned about it, but I wanted to check here, see if anyone with experience in this area had specific tips or things you like to do for interns (my company is going to be giving me guidelines as well).
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Dec 31, 2019 18:12
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Make sure you really understand the scope of the project you give them - as in have it already broken down into tasks. Our team hosted an intern last year and their mentor gave them a "how hard could it be?" problem that turned out to be unachievable in the scope of an internship.
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Dec 31, 2019 20:03
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Xik posted:Lmao at the idea that an employer can not accept a resignation. Sounds like your CTO is salty and full of themselves. Security, please escort Mr scrubnuts to his desk so he can resume working and ensure that all their personal belongings remain in the building.
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Dec 31, 2019 21:09
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necrobobsledder posted:Our leads are essentially democratically voted by peers and signed off by management across other teams to make sure the person is properly trained and has the right mentality to succeed in a leadership capacity. Dennis, there's some lovely filth down here.
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Jan 1, 2020 18:16
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Che Delilas posted:I've been asked to mentor an intern we're getting from the local university for the next six months, and I've never done such a thing formally. I'm not terribly concerned about it, but I wanted to check here, see if anyone with experience in this area had specific tips or things you like to do for interns (my company is going to be giving me guidelines as well). Is there a specific project that they will be working on, or just variety of tasks? In case of the latter, it might take a while for them to open up and get out of "I'll do anything the company wants" mode to tell you what they actually enjoy doing.
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Jan 2, 2020 14:31
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Che Delilas posted:I've been asked to mentor an intern we're getting from the local university for the next six months, and I've never done such a thing formally. I'm not terribly concerned about it, but I wanted to check here, see if anyone with experience in this area had specific tips or things you like to do for interns (my company is going to be giving me guidelines as well). This is super cool, I love coaching interns. My personal approach is: - Assume they know what they claim to know, you should get a CV or something, but realize they are novice at this. - Assume they are willing to learn and hyped to be accepted into your company, so make sure they can learn. - Combining point 1 and 2, you will have to think up an assignment that is partially inside and partially outside their comfort zone. Do not let anyone, under any circumstance, have the intern write a dashboard. There is a reason there is no dashboard now and when the intern leaves it will be abandoned. Having an intern set up a dashboard is creative bankruptcy of your organisation and pure mental poverty from you. - Make sure the assignment is going to production at some point, preferably while they are still there. (but at the same time, set the assignment up in such a way someone can finish it if parts go unfinished. Make it a series of steps / stories, instead of one blob) - While they are there, go with the assumption that they are afraid to ask anything so be approachable and check on them multiple times a day. Take time, some 30 minutes, each week to have coffee / kombucha to ask how it is really going. Bring tissues. - Think of how it was when you were a super junior and what you missed and needed. Provide at least that. - And for god's sake, make sure they have a workstation and account and some goddamn repo's to check out and study. If you manage all of the above, you might get a linkedin recommendation like this: Keetrons intern posted:Over this internship, I’ve learned more about software engineering and professionalism than in my past 3 years at university. You showed me how to write production-level Java, incorporate professional engineering practices and how to communicate more clearly and directly as a person, something I greatly lacked.
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Jan 2, 2020 19:22
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Ensign Expendable posted:Is there a specific project that they will be working on, or just variety of tasks? In case of the latter, it might take a while for them to open up and get out of "I'll do anything the company wants" mode to tell you what they actually enjoy doing. No specific intern-focused project; I'm sure it'll be mostly working on the easier parts of my team's backlog. We can probably come up with ideas for utilities or something that'd be nice for us to have; our last intern did a similar thing but I'm not sure whose idea it was.
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Jan 2, 2020 20:19
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Keetron posted:This is super cool, I love coaching interns. My personal approach is: Thank you for this. I have a personal dislike of dashboards already, I'm certainly not going to inflict one on an intern. I also have my standard speech prepared that addresses imposter syndrome, I've posted variants of it many times on these forums (you know, the whole poo poo-you-didn't-know-you-didn't-know phenomenon).
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Jan 2, 2020 20:26
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Che Delilas posted:No specific intern-focused project; I'm sure it'll be mostly working on the easier parts of my team's backlog. We can probably come up with ideas for utilities or something that'd be nice for us to have; our last intern did a similar thing but I'm not sure whose idea it was. Yeah, that hits the spot. Try to find an item that will have the intern interact somewhat with all aspects of your software such as business, FE, BE, 3rd party and internal API's plus, if there is time left, the CICD pipeline.
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Jan 2, 2020 20:54
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My company does the stupid thing where interns all do one-off intern projects that are never expected to see the light of production and it feels like a huge waste of everyone's time to me. The one presentation I watched was about how some intern had radically improved a particular crappy search interface of ours by incorporating Elasticsearch into the product, but it only worked on her jury-rigged local workstation, because she ignored all the actually difficult parts of the problem, which have to do with organization, infrastructure, and deployment, not writing code to wire Technology A up to Technology B, and are exactly the kind of things you should be learning during an actual internship at an actual company. (I don't blame her, I blame whoever was supervising her.)
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Jan 2, 2020 22:38
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raminasi posted:My company does the stupid thing where interns all do one-off intern projects that are never expected to see the light of production and it feels like a huge waste of everyone's time to me. The one presentation I watched was about how some intern had radically improved a particular crappy search interface of ours by incorporating Elasticsearch into the product, but it only worked on her jury-rigged local workstation, because she ignored all the actually difficult parts of the problem, which have to do with organization, infrastructure, and deployment, not writing code to wire Technology A up to Technology B, and are exactly the kind of things you should be learning during an actual internship at an actual company. (I don't blame her, I blame whoever was supervising her.)
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Jan 4, 2020 00:29
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Wooo I actually delviered my 2 week notice today. My boss basically just asked if I was unhappy, I simply said no I just want to tackle my financial future better. A few hours later I emailed the big wigs and was basically just told, "If things change the future don't hesitate to reach out to us" so that's good. Just gotta finish up my 2 weeks, taking a week off, then time to start making 30% more! Feels good.
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Jan 4, 2020 00:40
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Hey thread, I'm feeling a bit of burnout right now, mostly just want to vent. About 3 years ago, I transitioned from working at a series of tech agencies and startups to a tech offshoot at a top 10 global fortune 500 company. Long story short, last startup kind of simultaneously collapsed / was acqui-hired by the global company, and most of the team ended up on-board. I now manage an org-wide horizontal engineering discipline that helps out on various projects across the org, and I'm also still able to individually contribute on occasion. I really like working with my team, but for the past year or so all the projects we work on have either been killed or transferred due to churn on C/V suite-level org changes & funding structure. We went from working on a number of projects that were seemingly well-received by execs & customers, to doing very little of value. We've set about working internal tooling and other things of that nature while the org sorts itself out. At a smaller or medium-sized company it would be fairly apparent where we could drop in and add the most value, but at this massive org - and as a horizontal, we don't have much of our own budget - it presents some problems when the verticals that fund us are in a state of disarray. My own duties have shifted towards more or less just sifting through the churn and sitting in meetings with the various vertical team leads to help them sort out the mess as best I can. Our team is well-respected in the org, but I'm finding it hard to make a well-reasoned decision about whether sticking around to see if the org can sort itself out is sunk cost. My own job satisfaction fairly close to an all-time low, but my team is great, and my director-level manager (who I've also worked with at other companies, and I have a good relationship with) is positioned to potentially secure budget and better projects for us to work on in the future. I'm just concerned that the timeline for that happening is on the order of years, and can feel myself becoming burned out and bitter while we wait.
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Jan 5, 2020 22:29
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Jan 5, 2020 22:58
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Have you talked to your manager about that? If it’s someone you trust it shouldn’t hurt to make your concerns known and they might be able to give you some indication about what’s coming up politically.
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Jan 6, 2020 07:29
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Destroyenator posted:Have you talked to your manager about that? If it’s someone you trust it shouldn’t hurt to make your concerns known and they might be able to give you some indication about what’s coming up politically. Yeah, we have a great relationship and have been working together closely to try to find better projects and secure more reliable budget for the team. Being as involved as I am now in the politics of doing so is messy, though I think we'll sort it out eventually. Not clear how long eventually is, though.
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Jan 6, 2020 14:20
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So glad I'm not interning. https://twitter.com/tjmcnab/status/1214653879960383492 
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Jan 8, 2020 03:16
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literally against the law
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Jan 8, 2020 03:17
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Regarding WeWork, my favorite summary of the insanity was from No Mercy / No Malice that was published before their IPO imploded: https://www.profgalloway.com/wewtf
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Jan 8, 2020 16:20
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Hello fellow olds, I guess I’m one of you now - been in development for several years at this point (started out as a pure designer, picked up development via osmosis) and am over 30. So I swung by the office of my former employer (a startup) today and picked my stockholder’s certificate  I was fully vested when I left (after staying at this company way too long) and net exercised my options so I could get a good chunk of the optioned shares without having to put up cash (other than a tax fee). So glad I have business lawyers in the family - wouldn’t have known to net exercise otherwise. The best part of the net exercise was that it blindsided the founders - they didn’t know what the gently caress it was and had to scramble to get it figured out. I think they thought I’d just walk away, but nope. I’m not holding out any hope whatsoever, but I stand to make a decent amount of cash if the company doesn’t totally gently caress up before exit (which will probably be an acquisition). At least the product is viable enterprise software with plenty of customers and revenue and not a vapid fart app. Looks like my new company (also a startup) is going to be giving me stock options as well, which I get the sense is what they do for people they like and want to keep around for a while (until the local Google office spirits them away), so that’s cool. Anyone here ever had their toilet paper startup stock turn into actual money? Re: WeWork: when that poo poo went down I could not stop reading about it (schadenfreude is a hell of a drug). Still mad that it happened when I was on vacation so that by the time I got back to work all my coworkers were sick of talking about it.
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Jan 11, 2020 01:37
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