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Comment by zeitgeistcowboy | Hacker News Reader

The article says a spokesperson said they "need to focus on talent density." Talent density is a new buzz word to me!

Only the densest talent available made the cut. Part of this new talent push was upgrading the chairs, to handle the increased talent density. Our people are 90% tungsten and it's something we are really proud of.

The next big crypto scandal headline:

”Authorities Investigating <DeFi Corp> as Evidence that Depleted Uranium Propped Up Dense Talent, Actually Empty Inside”

Stalionstatues.. Each and every ounce.

Osmium devs are the new 10x devs.

Man, that seems like a heck of a send-off for those employees.

There's no fig-leaf such as "they killed entire projects" or "they pivoted".

Just the spokesperson saying that, if you're one of the laid-off employees, it's because you lacked talent.

Not sure that's a company I'd want to work for.

I worked for a large fintech firm that used this as reasoning to layoff 700-some employees years ago. They cited their changing needs and the talent of those engineers juxtaposed to their needs changing. I had seven friends among those engineers, only one of which I would consider in a grey area with respect to the skills he possessed that were relevant to the times. The company refused to release a full list of employees that were let go so we used Slack to create a list of users deactivated between certain time periods (this gets tricky with EU). What we learned is that most of them were tenured employees with higher wages. Their wages (likely) predated a movement that caused average wages at the company to go down so that everyone on every team with the same title made the same amount. These were basically the people left over who didn't quit but stopped getting raises because they were above pay bands for their level.

Sounds like something straight out of the end of Margin Call.

Implying you'd have to be pretty dense to work at Binance.

are they bashing people they laid off, assuming that 1k people were less talented than the rest?

Sound like that's exactly what they're doing.

yes

No offence, but that's usually how capitalism works, the least talented are the first to go - unless we're talking about Twitter and then it's about showing off at the office.

Never in any layoff I've been a part of, have the least talented workers been let go first. It's usually by category: contractors, age (early-retirement), department, or job description.

I've seen some layoffs and the first to go where the people the most "unproductive". So, there were sale people (which were actually pretty decent, but they "cost" money and had to go), and then there were also people who were just "less" good. Less senior, more junior and could not do things autonomously.

But I can agree that it's always very subjective and of course the one who is friend with the boss ABC will have more chance despite maybe performing less good...

I have seen a lot of layoffs over the years and I would put the main targets into here buckets:

1. People with bad relationships with he boss and bosses boss. 2. People with higher salaries. 3. Unlucky folks where an entire line of business or corporate department is shut down.

Number 1 is the vast majority of the cases. Make sure your boss smiles when they see you and you can sleep well at night.

This is the fundamental conceit of stack-ranking layoffs, which Microsoft did annually for many years.

Don't forget "most talented people who accept the severance pay and get another job" from the pre-layoff voluntary departure.

You can do early-retirement by age but if you do lay-offs by age that's going to be an age-discrimination problem if you target >40.

I highly doubt that's true. It may be what you want in an ideal world, but in reality, very few, if any, companies of this size have any internal ranking system that can accurately identify the 1000 least talented people company-wide. More likely, they're laying off the last 1000 hired if they want to optimize for losing the least institutional knowledge, the first 1000 hired if they want to optimize for immediate labor cost savings, or just laying off all the people that are part of teams working on projects that got scrapped, who happened to be in the wrong place at the wrong time.

In larger companies, for some values of “talented” that comprises non-technical factors like political acumen, yes. If the “talented” label is meant as a shorthand for some kind of meritocratic scale, then I have my doubts about that.

I’ve long since lost my astonishment at the revealed preferences in layoff selection criteria. It isn’t a complete Machiavellian free-for-all, but merit and fine-grained logic usually don’t prevail at the top of the criteria list in the trenches.

If your statement is true, then the inverse must also hold: hiring is based on merit, which we all know to be untrue.

I've heard people claim this, but I've never actually seen it happen in practice.

Seems like easy to optimize for it - just keep only the best 1 talent and fire everyone else!

Congrats to the most talented. You're now doing the work of 5 people.

sounds like they need smaller offices.

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