663 karma · joined March 13, 2022
No sympathy.
Ahhh... They're trying to sell themselves as security experts.
Especially in any sales driven organization, I've seen it cause issues with infra teams questioning the need for certain features. Meanwhile, the answer is that the features are necessary because someone is willing to pay $$$ for them.
There's a big difference between those two and "the hacker ethos" will lead to a lot of the latter. However, now computers can simulate enough games to give a relatively high degree of confidence that a variation in strategy is truly better.
The red team designs a new streamlined look with less click baity posts and fewer ads. Users flock to it, abandoning the existing platform. The new platform isn't monetized as effectively as the old one so revenue drops by billions per year - maybe an order of magnitude more than the new product brings in. Shareholders demand an answer as to what management are doing about it.
There might be some golden path, but that typically relies on finding a new market that doesn't interfere with the existing business (e.g. AWS and Amazon). However, the far easier options are a) shutdown the new service or b) increase its monetization, thereby starting the enshitification cycle.
Xerox PARC did it, and reaped almost none of the rewards for their innovation, so it perished. It only worked for Bell Labs because they had monopolistic control of telephony and could charge whatever they liked to subsidize their R&D. As soon as they lost the monopoly, it went down hill fast. Google is the closest thing to this in the past couple decades, and have seen all their investments in AI walk out the door to found competitors.
Bottom line, pouring enormous amounts of money into pure research without demanding commercialization results certainly benefits researchers (who can pick up and take their research elsewhere) but runs companies into the ground.
Particularly given these are loans to businesses, it sounds like lots of people are making a profit from these projects, but not the people actually putting up the money to fund them. It's a shame that this isn't an actual investment opportunity, as it seems like an interesting space.
TL;DR: Check cashing exists because banks don't want to deal with people who deposit checks with a high risk profile (whether due to fraud or lack of funds by the payer). Unsurprisingly, this risk gets priced into the product.
Dealing with bounced checks from such people often involves behavior that most of a bank's customers would consider somewhere between impolite and disturbing. Also, many consumers of check cashing do not have state issued IDs and may not be up for dealing with KYC checks.
The situation has gotten somewhat better for low income people in that government benefits are delivered electronically, without needing to cash a check and some emerging electronic payment options may improve it further.
I hope she finds something else quickly but many companies look for any red flags as sufficient reason not to take the risk. This kind of experience has real implications for a person's future prospects, at least for several years.
It's amazing that leaders at these companies which, for years, acted as though they had all the answers and were more successful than other industries because they worked smarter. And then, at the first sign of headwinds, they want no accountability for their decisions and can't figure out a principles as simple as being honest and treating people fairly.
I'm honestly curious how CloudFlare will handle reference checks for these people, given they are calling these performance based dismissals. Will they say they are "not eligible for rehire" (the HR way of saying they were terminated for cause)? If so, I hope they get sued, as that can tank a person's entire career trajectory.
Besides the fact that it's stealing from all the people who do pay, as the resources are stretched that much thinner to keep trains and stations clean despite the extra freeloading traffic (and it really shows), it also likely encourages other lawless behaviors, like littering and aggressive pan-handling on trains when the whole operation feels like no one cares.
The whole situation would be easy enough to fix with better turnstiles but it seems like that's not in the cards.