And everyone is acting like the best employees are going to be the ones quitting. Nah, the best employees are highly engaged employees not ones that are technically talented but will flee just because they have to go to an office. Your most technically talented employees are often not your best employees nor your most valuable. They're important and expensive, but the person in ops that gets paid a low salary but knows the ins and outs of everything and knows how to troubleshoot everything to the point that stuff is fixed is vital. A software developer who is really smart can and will be replaced.
There will be HR people working on retention of top employees as we speak. https://www.mckinsey.com/business-functions/m-and-a/our-insi... gives an insight into this when it comes to M&As
Also, have you ever worked in a company affected by consultants like you suggest? They don't have capability to recognize or motivate good people .
You better bet there is some amount of dead weight/low rated employees who have been interviewing around for there own reasons and haven't been getting any decent offers, so they just rest and vest. They'll happily return to office while the high performers get some $700k offer elsewhere
This is exactly why Netflix decides to pay very nicely for you to quit, if you reach out to your manager about that. They don't want you to stay an extra year trying to pass hard interview loops elsewhere
It talks about employees that were very productive and happy hitting a stumbling block and suddenly realizing that "hey, this isn't the same place it used to be", and then leaving.
Saying "no work from home" and "10% layoffs" are much bigger triggers for this than getting rid of free sodas.
Sounds like that ops guy should be paid more...
It's hard not to be long Tesla and take this financial turbulence as that, turbulence.
This is an investor perspective though, not an employee perspective. When it comes to jobs, "just sit and wait" is not necessarily the best strategy.
Sometimes large layoffs mean absolutely nothing - for example, if a company lays off a loss-making division that's nothing to do with your work. If you work on advertising for Facebook and they lay off the entire VR headset division, your job might remain entirely secure.
Sometimes layoffs mean the company is short of money - that products aren't bringing in enough revenue to cover costs, and investors aren't looking to pump in more cash. This might mean there will be further rounds of layoffs in the near future; subsequent layoffs might be less generous; and there might be a freeze on raises or promotions, no matter how well you perform.
On the other hand, I've known people get big promotions at failing companies, as their superiors leave for greener pastures. So your employer being in decline doesn't always mean freezes on promotions!
Some layoffs mean the bosses think bad hires have been made - that the company has too many indolent employees putting in just enough effort to not get fired. Maybe that colleague everybody knows is useless will finally get fired. On the other hand, if the bosses think people like you are dead weight, that might not bode well for your career.
Sometimes layoffs mean the company has changed strategy and areas that were seen as money-makers (like adding new features to the product) are now seen as cost centers. This may indicate there will be less work developing new greenfield code and worrying about chasing the cutting edge. If you're near the end of your career that might be fine; if you're early in your career, it might mean this isn't the place to keep your skills up-to-date.
Tesla has some solid engineering to their credit, but they also have a reputation for poor quality control (in fit and finish in particular). It would be one thing if Elon Musk showed some initiative in addressing these QC issues. The recent Twitter diversion however along with other erratic behavior by Musk seems to indicate a lack of focus, at a time where a strong focus at Tesla is sorely needed. Tesla can no longer coast in the EV market, they will be far from the only player in the future.
For who?