NorthOaklandGuy

NorthOaklandGuy t1_iy9clcy wrote

Reply to comment by raouldukesaccomplice in "You'll make more money working 3yrs at a company and then jumping to a new company negotiating a higher salary than just staying at 1 company and taking your annual raises each year" by CasualFridays047

True but that’s usually 4 years and you usually keep something. The vesting period for employer contributions at my firm is 4 years and you get 25% vested every year. So leaving at 3 years I would keeps 100% of my contribution and 75% of my employers contribution. So yeah that does discourage job hopping but it doesn’t encourage staying put for 30 years.

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NorthOaklandGuy t1_iwvoxgj wrote

Reply to Amazon Recently Told Managers to Identify, 'Stack Rank' Low Performers Immediately by Truetree9999

Pretty sure all big tech companies are colluding right now. The plan is to “over-fire”, basically layoff more people than they need to. This will actually help bring down inflation because tech workers are so highly paid. When it comes time to ramp back up tech companies are going to use their newly created leverage to require new hires to work in the office. They might still offer hybrid work, but 100% remote will be rare.

Basically, the ruling elite want to cool inflation while helping the value of their commercial real estate recover (by doing away with WFH). Laying off a bunch of techies making $150-400k/yr is quick way to accomplish those goals.

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