Business Big Tech Layoffs Megathread - Techbros... we got too cocky...

Since my previous thread kinda-sorta turned into a soft megathread, and the tech layoffs will continue until morale improves, I think it's better to group them all together.

For those who want a QRD:


Just this week we've had these going on:

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But it's not just Big Tech, the vidya industry is also cleaning house bigly:

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All in all, rough seas ahead for the techbros.
 
welp GG - for note better be buying any all good ubisof game -
TLDR: stocktrading stopped with a potential buyer soon - tencent
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Ubisoft is a video game company based in Saint-Mandé, France. Founded by five brothers in 1986, Ubisoft is well known for developing franchises such as Assassin's Creed, Far Cry, Just Dance, Prince of Persia, Tom Clancy's franchise, Watch Dogs, The Crew, TrackMania, Trials and Rayman.
Ubisoft Shareholders Explore Buyout Options to Stabilize Company

“considering how to structure a possible buyout of the Assassin’s Creed video game maker without reducing the founding family’s control”


Ubisoft Entertainment SA’s shareholders are currently engaged in discussions regarding a possible buyout of the company, according to sources familiar with the situation. This development comes at a time when Ubisoft has faced significant challenges, including a decline in stock value following disappointing sales figures and project delays, notably with titles like “Star Wars Outlaws” and the anticipated “Assassin’s Creed Shadows.”

Strategic Considerations and Family Control

The talks are primarily focused on structuring a buyout that would not diminish the control held by Ubisoft’s founding Guillemot family. Sources reveal that the family, holding about 20.5% of Ubisoft’s net voting rights, is keen on retaining its influence over the company’s direction. This is a delicate balance, as the discussions also involve Tencent Holdings Ltd., Ubisoft’s second-largest shareholder with a 9.2% stake, and possibly other investors. Tencent has been exploring ways to increase its involvement in Ubisoft, not just financially but also in terms of strategic decision-making, although no final decisions have been made yet.


The buyout considerations are also a response to pressure from minority shareholders like AJ Investments, who have been vocal about either taking Ubisoft private or selling it to a strategic investor. The idea behind these talks is to stabilize the company’s volatility in the market, especially after Ubisoft shares hit a decade-low following the announcement of weaker-than-expected sales and game launch delays.

Market Reaction and Corporate Strategy

The market has reacted with a degree of optimism to the news of these buyout talks, with Ubisoft shares experiencing a significant surge, reflecting investor hope in the potential for a strategic overhaul. However, the path to finalizing such a deal is fraught with complexities, particularly around the terms that would satisfy both the Guillemot family’s desire for control and Tencent’s push for more operational influence.

Ubisoft’s strategic options include not only becoming a private entity but also potentially restructuring its corporate governance to address criticisms regarding its management decisions and project execution. The company has initiated an internal review of its processes, aiming to improve game development efficiency and address shareholder concerns over profitability and project management.


Future Implications

If the buyout goes through, it could lead to significant changes within Ubisoft, including possible leadership reshuffles, strategic pivots, and perhaps a more aggressive approach to innovation and game development to recapture market share. A private Ubisoft might also have more freedom to experiment with new business models, especially in an era where live-service games and mobile gaming are becoming increasingly dominant.

Conclusion

While no definitive action has been taken, the ongoing discussions among Ubisoft’s shareholders signal a critical juncture for the company. As Ubisoft navigates these negotiations, the gaming industry watches closely, aware that the outcome could set precedents for how large video game companies manage ownership, control, and strategic direction in an increasingly competitive global market. The balance between maintaining family legacy and adapting to shareholder demands for value and innovation will define Ubisoft’s next chapter.
 
Guys, there’s a reason RTO is happening. You think you can treat professionals like adults but most act like toddlers at a nursery.

If we could get rid of all offices except for a couple of meeting rooms we would. It would immediately boost profits to insane levels once the leases run out.

The sad fact is people do fuck all and skive all day whilst thinking they’re amazing.

Reject modernity, return to office.
This has ultimately been why I tend to side more with at least partial RTO over full WFH.

The pro-WFH hardliner stance is overwhelmingly populated by self-assessment. "I have reviewed my work and found no meaningful differences" types of people. It is also heavily populated by those who are viciously, aggressively against both any kind of managerial oversight and against the entire current company system as is as well, even when those should theoretically result in no major differences for them personally because they're definitely doing what they're supposed to be, right? ...It tends to read as defensive and paranoid as a result.

And, y'know, a large part of any psychology-related anything is just how unreliable that self-assessment can be. There's a whole condition with multiple names of people reading up on various mental and even physical issues, and promptly declaring themselves an autistic sneezegender wxmyn with bum cancer of the mouth. And capability has no immunity to biased self-assessment, like when my cousin thought he could beat our dog (a retired, but still quite young greyhound) in a footrace. You need to have external oversight to be able to make any sort of fair calls about ability.

bonus points if they claim everything about covid was a disaster and designed to control people and confine them in their homes, and yet don't even consider the possibility that the wfh policies were also a disaster.

That's not to say there aren't people and even whole teams that thrive in WFH conditions, and managers who are aware of such groups and reward - or even change their stances on the matter - appropriately. But the large majority is people who have assessed their work ethic and decided there's absolutely no problems with it, fuck whatever anyone else says, like their manager or their company's bottom line.

Partial RTO and Full RTO tend to have more external assessment; people who've seen their own coworkers vanish to tanzania, people who have to manage and have visibly watched numbers go down and projects slow down. Those who do decide to support not-full WFH based on self-assessment also tend to come off as more grounded, if only because they're admitting that their own character faults make them not suited for full wfh.

And of course, it's the internet, so nobody's got receipts to show, only anecdotal evidence. Which makes it hard for anyone to call anyone out, in any direction - but in the case of the self-assessment specifically, doesn't help with their defensive attitude.

I'm a WFH 'centrist' - luv me high-bread pozishuns - because that tends to strike a middle ground that is still better for employees than the pre-covid system. Specifically, as long as there's at least a day you share office space with anyone relevant to your job, the rest of the week you're pretty good to go. You get your 2, hopefully 3 sleep-ins and can work from home those days just fine, and you can still get the advantages of having people together and accountable on the days that they are in. And WFH sloppiness tends to 'aggregate' over time - having a rhythm both keeps the bottom from falling out and allows people to regularly check in on you.

With that said, if you are a WFH hardliner who's losing that wfh deal I have a handy little golden rule that works arguably universally - just look for a 'better' (in this case, more WFH) job elsewhere without raising a fuss or dragging your feet at your current one. You treat your job relationships like a transactional one, not an adversarial one - no need for angry emotions, it's just good business to look for a better job if the current one doesn't suit you. If your job's conditions are about to change to suck for you or just suck already, don't go into company conspiratard mode and drag your heels on every RTO change or similar. At least try to appear agreeable, while going to look for another job (without quitting your current one until you've got your opportunity locked-in, and following all the appropriate steps for quitting as needed). You'll get one of three outcomes.
1: You'll be able to find a new job that suits your needs better. In which case, you win straight up.
2: You'll be able to find a new job that suits your needs better and your company will panic at the thought of you leaving. Now you have bargaining power to keep the conditions that work better for you, and if you still can't come to an agreement, well, you have a new job lined up already.
3: You won't be able to find any better job for you. In which case, you're probably not gonna find something better if you are fired, so you're just gonna have to grin and bear it, wagie... and maybe factor that into your next self-assessment.
 
And of course, it's the internet, so nobody's got receipts to show, only anecdotal evidence. Which makes it hard for anyone to call anyone out, in any direction - but in the case of the self-assessment specifically, doesn't help with their defensive attitude.
I keep showing my team receipts that they weren’t getting the work done, less work is in than previous years, and that we are getting a ton more stuff done more cheaply with automation, hoping that a regular thinking human being would think, “oh shit, I need to get my act together.”

Unfortunately they’re all in a union, and the brain on union membership looks at the situation and thinks, “this is great, I get more time to relax, we need more people and higher wages!”

Now half of them are pichachushockedface.jpg they’re on performance plans and there’s a massive fight with HR accusing me of union busting all because I’m trying to stop some of them just being laid off when the big wigs start counting beans in the next quarter.
 
I'm a WFH 'centrist' - luv me high-bread pozishuns - because that tends to strike a middle ground that is still better for employees than the pre-covid system. Specifically, as long as there's at least a day you share office space with anyone relevant to your job, the rest of the week you're pretty good to go. You get your 2, hopefully 3 sleep-ins and can work from home those days just fine, and you can still get the advantages of having people together and accountable on the days that they are in. And WFH sloppiness tends to 'aggregate' over time - having a rhythm both keeps the bottom from falling out and allows people to regularly check in on you.
The only way that really works is if you still live in the area, which means living in California, Washington, or maybe the leftist hellhole of Austin, TX.

I know plenty of lazy WFHers, but I also know a fair number that moved because they hate the leftists that have ruined once good states. They want their kids to go to school and not be told by teachers that they are the opposite gender and the surgeon is ready to go, and not have their daughters play against men on the soccer team. They don't want to trip over homeless walking on the sidewalk, or have fentanyl fucking everywhere. They don't want Antifa or BLM burning down the city. They don't even want to go into the office and deal with a special claiming "microaggressions." So they've moved, and good for them.
 
Re-sharing this since I had posted it before the forum went kaput last week.

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It was just a matter of time, I suppose. All they have to do is offer home office, a salary 3 times higher than anything in the sector, and they'll be poaching talent by the thousands.

While the rest of the western companies were fucking around with RTO, DEI and retarded "flavor of the week" policies, the Sinos will reap the benefits. Disillusioned, disgruntled western IT employees.
 
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I keep showing my team receipts that they weren’t getting the work done, less work is in than previous years, and that we are getting a ton more stuff done more cheaply with automation, hoping that a regular thinking human being would think, “oh shit, I need to get my act together.”

Unfortunately they’re all in a union, and the brain on union membership looks at the situation and thinks, “this is great, I get more time to relax, we need more people and higher wages!”

Now half of them are pichachushockedface.jpg they’re on performance plans and there’s a massive fight with HR accusing me of union busting all because I’m trying to stop some of them just being laid off when the big wigs start counting beans in the next quarter.
I relish WFH (we're partial returners) because it gave me justification to create more quantified KPIs for my teams for this exact reason. And to an extent, compare apples to oranges. If I know Team A can produce X widgets in a week per person, but Team B who have more staff are only producing Y widgets in a week per person, it highlights where the gaps exist and I get away with not looking evil because I can justify it as "protecting WFH".
 
It was just a matter of time, I suppose. All they have to do is offer home office, a salary 3 times higher than anything in the sector, and they'll be poaching talent by the thousands.

While the rest of the western companies were fucking around with RTO, DEI and retarded "flavor of the week" policies, the Sinos will reap the benefits. Disillusioned, disgruntled western IT employees.
Every single one of these companies that are worried about losing people would kill every kid in an orphanage for the ability to sell their products to China for a year. They absolutely get what they deserve for employees leaving for better treatment and pay. Don't be mad when the people you sold out sell you out right back.
 
I wonder how much of this is actually about being able to pay shit wages. Something tells me its a lot easier to pay youre stereotypical blue hair diversity hire a shit salary than it is your "crusty old white man".
Shit has been around forever. As things become more connected to the internet will be that much easier for shit managers and control freaks to push.
 
The only way that really works is if you still live in the area, which means living in California, Washington, or maybe the leftist hellhole of Austin, TX.

I know plenty of lazy WFHers, but I also know a fair number that moved because they hate the leftists that have ruined once good states. They want their kids to go to school and not be told by teachers that they are the opposite gender and the surgeon is ready to go, and not have their daughters play against men on the soccer team. They don't want to trip over homeless walking on the sidewalk, or have fentanyl fucking everywhere. They don't want Antifa or BLM burning down the city. They don't even want to go into the office and deal with a special claiming "microaggressions." So they've moved, and good for them.
There's still ways to compensate for it, albeit they depend a lot on the exact job and the workplace.

At my last job, we had people flying in from different states so the whole immediate team was in one room at least once every month/fortnight. They'd come in a bit after opening hours one morning, stay overnight at a nearby hotel, and then head home early the next day. Those travellers were also very agreeable and industrious people even when they weren't in the office, and we still got the benefits of being in the same office as them when we needed it.

If your office has an RTO mandate but you've moved out of state, I recommend at least trying to negotiate a similar deal. At least then, the only one that has to play Fentanyl Frenzy is the actual breadwinner once every few weeks.

I relish WFH (we're partial returners) because it gave me justification to create more quantified KPIs for my teams for this exact reason. And to an extent, compare apples to oranges. If I know Team A can produce X widgets in a week per person, but Team B who have more staff are only producing Y widgets in a week per person, it highlights where the gaps exist and I get away with not looking evil because I can justify it as "protecting WFH".
The ones that are really suffering to get their RTO mandates established are the ones that didn't make motions to institute these sorts of progress trackers the moment WFH started. People like @FedPostalService, who only inherited their teams, are one thing - but if you didn't put some good markers down the moment you lost your face-to-face trackers, youre in for a bad time.
 
And those refusing to RTO didn't live through the 90s where every call-centre job was shipped to India.

These lazy fucks want to demand that they can do their job at home, without coming in to work? Don't be shocked when Patel does it for a 1/10th of the cost of your wage.

And, those who do a job of work; those who build, manufacturer and assemble, don't have the choice of WFH, even though I am not one of them, the whining by the lazy laptop class is astonishingly privileged (hehe)

Why doesn't your company just fire you anyways and hire a bunch of pajeets? It will cost a lot less anyways and they don't have to pay for office space.
The only reason companies outsource is because some MBA worked out a deal with one of the indian sweatshop salesman (and got a big kickback from it). By the time the company realizes they fucked up, the executive in charge already left for a better role somewhere else. Then they spend a fortune hiring consultants and building up a team in the US. Process repeats forever.
 
Look, I can't speak for every industry here. If you do assembly line work, number of items produce VS number of returns may be the only measure you have. But tech? Please.

If you think tickets closed or anything similar is a useful metric, you are obviously an MBA. And as a general rule, if you can't figure out whether your employees are getting their jobs done simply by talking to them, you are a shit manager with no idea what your team actually works on.

But every Pointy Haired Boss assures the C-suite that if he has just a little more power to micromanage the peons, line will go up faster.

Horseshit. Burn down all offices. Total MBA death.
 
Look, I can't speak for every industry here. If you do assembly line work, number of items produce VS number of returns may be the only measure you have. But tech? Please.

If you think tickets closed or anything similar is a useful metric, you are obviously an MBA. And as a general rule, if you can't figure out whether your employees are getting their jobs done simply by talking to them, you are a shit manager with no idea what your team actually works on.

But every Pointy Haired Boss assures the C-suite that if he has just a little more power to micromanage the peons, line will go up faster.

Horseshit. Burn down all offices. Total MBA death.
And here I present exhibit fucking A. Literally everything I just said about the Pro WFH stance applies here.
- Claim that the old metrics of work are ineffective at measuring progress, because your self-assessment says you're still doing fine.
- Get defensive over the idea of any new metrics being established, with insinuations about the competence of any managers who do so.
- And end with a violent screed about the whole concept of offices.

You could at least fucking read what other people are saying, mate.

Let me try something. If tickets closed etc. is not a useful metric, what is a useful metric? And how well can those metrics be assessed by someone who can never meet you in person, or look over your shoulder without arranging a meeting beforehand? What's the 'right' way to make sure people are doing what they're supposed to, and not pinching their piglets on company time?
 
If you think tickets closed or anything similar is a useful metric, you are obviously an MBA. And as a general rule, if you can't figure out whether your employees are getting their jobs done simply by talking to them, you are a shit manager with no idea what your team actually works on.
I disagree.
Lines of code per hour is a great metric.
Last time I wrote code I managed to get 5 lines of code in 3 hours. Because of course I was debugging a nasty algorithm in a language that should have never been chosen.

Using another stupid metric like "Number Of Commits" would have shown the exact opposite as the only way to troubleshoot was to run the pipeline.. about 30 commits as I recall.

My actual metrics are "Does a good job" and "The guy we call when it all goes to hell"
 
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