Tech companies are using stack ranking to decide job layoffs
2024 ж. 16 Сәу.
224 078 Рет қаралды
CNBC's Kate Rooney joins 'Power Lunch' to report on stack ranking in tech jobs for deciding which employees to lay off.
CNBC's Kate Rooney joins 'Power Lunch' to report on stack ranking in tech jobs for deciding which employees to lay off.
The main element of corporate job security is ass kissing. I've seen it all my life.
Ask Boeing.....safety is an Afterthought.
...and nepotism
A long time ago in my tech career... i learned quick... that its not what you know... but who you know. So while i knew my stuff and delivered above and beyond... it was the chaps who were close to the boss and his boss that got ahead. Guess what? Now im ahead but still know my stuff.
And that's why I left corporate 9 years ago - the better I got at my job, the more they held me back - best decision I've ever made - I work with individuals with special needs now, and even though it's challenging, it sure beats the disgusting corporate environment.
Or be related to the owner.
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Another example of the modern American culture. No reward for loyalty. Keep employees always stressed out about losing their jobs, not because the company isn’t making money, but because there is more money to be made by cutting you.
Companies are beholden to their shareholders and their bottom line, not their employees.
@@themusic6808 Sadly, you’re right. However, if they keep laying off so many then they won’t have enough employees.
That is why I retired early and trade the stock market. Working out great for me.
@@themusic6808 Thanks for making my point. Believe it or not, you can be both.
Statistic shows, the most loyal workers are the hardest workers. The physically and mentally lazy workers will hanging around your company forever.
Stack ranking would NEVER work because of politics. A poorer performing employee who the boss "likes" will always be ranked higher than a higher performer.
I’ve seen it used. What I saw was employees being discussed by a group of managers and directors, not just one person ranking in a vacuum. It’s not perfect but ot seemed to come out about right
What if you stack rank by jira ticket completion, or some other objective metric? The ranking wouldn't be done by any human, it would be calculated by deliverable count.
Newer you are in project better the chances of getting out in pip. Also, leases you are part of smoking group or network group licking a** more the chances of getting later off
Well they will find a way to assign jira ticket to their favourite and will ask you to shadow them. You do it you are out you don’t then as well.
@@user-le6fn4fu2t If you see that happening try this - when you deliver work against any ticket make sure to comment in the ticket on progress all along the way. Also attach files if they're not code direct to the ticket. You can even create a new ticket yourself, use the "relates to" feature and link all the work you deliver on that ticket but connect just via link. Use Jira's commenting, tagging features, and timestamped logging to solve defeat that type of behavior.
Jack Welch basically destroyed GE in the long run with his business style. He championed short term profits at all cost (safety, quality, long-term company health and reputation). I would be skeptical of the business practices that he pioneered.
He left the next guy or two holding the bag, he got away with all the money he could stuff in his bank account.
Jack Welch destroyed GE. A company that was once the most valuable in the world.
JACK WELCH IS STRATEGY IS WHAT ALL CEOS FOLLOW..ALL
His philosophy of chasing quarterly profits over longer term goals (like employee satisfaction, product quality, safety, etc) is continuing to destroy businesses across the world. This philosophy has helped erode the middle class in America.
Thats literally how this economy works though. Its not for regular people its for companies
Well see where your smirks go when layoffs hit your news channel
It's almost like these people in the media can barely contain their smiles and laughter when discussing layoffs. Almost like media is the enemy of the people at this point.
#Learn2Cope
@@SafeEffective-ls2pl #Learn2HaveEmpathy
It's called network PROGRAMMING for a reason 😊
Thats is becuase the think they know what they are talking about.
Its tech companies u should be blaming
In the medium term, using stack ranking will create a toxic work environment, ironically hurting the company more, than whatever money they're able to save through layoffs.
I think it incentivizes employees to preemptively leave before they can get fired. At least thats what I’ve noticed.
Some companies I have been in will throw out resumes if the candidate is not currently working. This foolishly knocks out the loyal employee who stays after the first wave of layoffs. If you survive the first layoff, look for a job elsewhere. If they lock the stationery cabinet , buy cheap stationery, pens, etc or change to Just-In-Time inventory--get out !! Beware of lots of management meetings before their quarterly report. Dumping employees makes them profitable.
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The Jack Welch system of value destruction at a company is alive and well. Given the track record at GE and Boeing, I'd be concerned in bringing this system in.
Build a company up to max value then cannibalize it for residual capital. Classic formula.
Boeing? Enough said!
This is late stage capitalism. How to increase stock price: annual layoffs. How to get competitive raises: annual job hop.
It's been going on since the 90's
Late stage capitalism is when too many people enter into Comp. Sci and struggle to maintain a job..say what you want to say. Think what you want to think..oversaturation in a particular high paying field is greed on a personal level, not corporate
@@bobbyward2440 its not a big deal if you are talking country wide , now consider world wide and the importing of those with comp degrees and its now oversaturated.
@@bobbyward2440when you only have one guaranteed path to middle class life, that choice is survival not greed
@@bobbyward2440 Working to be financially stable and independent is seen as greedy now? Put down the corporate koolaid, friend.
Jack Welch is not a good source of good management advice. As CEO at GE, he significantly damaged the company's viability, reputation, and culture. Also, stack ranking is awful management and a great way to turn employees against each other and turn the company's culture into a mutual snake-pit and gang-up drive-by office ghetto. To survive a "rank and yank", you don't have to be a good employee, you just need to be better connected and have a better appearance of production (for the metrics) than the other office meatbots. The patsy and straight-arrow is often the loser. Stack ranking doesn't keep the best employees, but does retain the best rump-kissing, coworker-sabotaging, and system-playing psychopaths in the company while crashing the culture and creating employee churn.
Where has all the employee loyalty gone? 😉. Won't it be great when the tech companies are begging for people again.
They have Ai.
@@lethercreate waiting for one big cybersecurity attack or wait for models to become hapsburg Ai and the tech companies are running out of Data to train at some point they will use an Ai to train an Ai model then it will start making it an hapsburg ai which will hallucinate alot 😂😂😂
Pip is a kiss of death - so funny too in SaaS - less than 40% if Account executives hit quota - yet companies hit 100% of their number and they either put you on a pip or fire you- so it’s literally built into the model for them to have certain groups lose so they can cut costs - it only has upside for the company not a fair shake
Statistic shows, the most loyal workers are the hardest workers.
For sure... Bidenomics can print trillions and employers will be begging,,,, And homeless surging.
Stack ranking only works if management really understands the contributors from the slackers. I knew dozens of engineers with 100+ of patents but never released a single product!
If the patents make bank then they don't need to do product work. Plenty of SREs never released a product either but they keep the lights on
LOL. I remember the rise of tech in the 90s and how people thought the old days of management were going to be gone forever....after all, the new era of CEOs wore T-shirts and sneakers. When are employees going to learn that they're a disposable commodity? Doesn't matter if the CEO is 35 and drives a Tesla or is 65 and drives a Benz....when you're out, you're out.
Start barter system and stop working for cooperates. They will talk about business is this and that and will keep fooling you
Those CEOs were from the hacker culture. These CEOs are from the Mckinsey culture
These days most employees are already prepared to jump the ship at any moment, always looking for something better. Companies too can live in the constant fear of losing good employees to better paying competitors.
@@hkiajtaqks5253 Your company doesn't care
Stack ranking is a stupid way of operating in a tech industry where the metrics are not well defined and often can be quantified and mapped with revenue/earnings. So everything boils down to your personal relationships and buttering your manager's ass (Collaborative team efforts will go outside of window)
the moment i get put on a performance improvement plan I am out the door without notice
A PIP is almost always a prelude to termination, it's there just to string the employee along with false hope while giving the company time to figure the best way to terminate with minimum liability. If you're PIP'ed, you're basically already done there.
Why? Let them pay you while you do the bare minimum and look for a new job. No sense in giving up unemployment benefits either.
Getting a new job will be harder if you were fired from your previous job.
@@JJSmalls not really because most employers will not disclose that you were fired but will confirm the dates of employment and position(s) held. The employers don't want to be open for lawsuits.
Stack ranking has always been there in all big tech companies.
Agreed. This is nothing new. And not newsworthy
If the management is mediocre, they will protect their own and rate the high performers unfairly. Not sure this method really yields the results it is supposed to deliver.
These companies are colluding
HR's secret database is the complicit gatekeeper
Is it not related to move jobs to cheaper countries?
The ratings are decided by the managers at the end of the day. How do you eliminate that bias? No wonder we are seeing average offerings from these tech companies of-late.
Let's call it "The Boeing Model"
No more team work, everyone is out there for themselves. Dog eat dog world. This is a business. You owe no loyalty.
It’s sad
Haha! PIP is not an opportunity 😅
Why would you say this is performance based without any factual data? This would hurt those who are laid off and looking to find their next job. Its not as simple, companies also cut based on funding for a certain type of projects or strategy changes too.
Stack ranking at several BIG companies includes and values checking certain boxes over performance 24/7. Nothing new. 🤷This isn't fear mongering. This is facts. I've worked there and seen it first hand. Even to the point people were bragging to their co-workers while layoffs were happening that they weren't worried because they knew they checked the right boxes. They weren't wrong.
Tech workers need to unionize !! We need to collectively bargain against unreasonable layoffs. Companies should NOT be allowed to lay-off employees when they are making record profits. Why is it a worker's problem if the management hired aggressively and don't need so many people now? Fire the person who made these decisions instead !! Would love to see a day when ALL employees call in sick as a show of protest
#Learn2Cope 🤣🤣🤣
No and this is stupid. Would you as a business owner like to be held at gunpoint and stripped of your ability to hire and fire as you see fit? Also you all only see the layoffs. There are startups coming up at exponential speeds and many of these are by people who have been laid off. They bring up startups and hire people. But people only want to join big tech. And that's dumb. Go join startups, you'll be far more happier.
Start up don’t resolve job security issues. But these big techs keep promising job security. When they gained they kicked. Isn’t that a betrayal with force who made them achieve it? Why shall someone join a startup then? Let’s start barter system. I make something and then other exchanges it with their products and we all live happily. Why to fall for cooperate culture? Indian market was barter system unless we had this foolish east India company introduced. We were happy. We even paid taxes with products and not as money. The money was only with government to exchange it with another. Public always have their own products and talent to offer to government but sorted their life with barter system
No 👎 we do not. Leave us alone. Don’t bring the silly mess over here
@@user-le6fn4fu2t shut up no one promised you job security. you want job security go work government job.
The return of startups taking over big monoliths will also be making a comeback soon. What do you think your most skilled engineers will do with all these outdated practices..
Startups will be bought out and sold to the big companies everytime
startups are full of crooks who dump their employees before paying out
The best job security these days is to depend less in your company’s loyalty. It is always better to have alternatives at the side. I have seen good people were let go just for posing a threat to a lesser capable manager. Tech companies are the least reliable ones these days.
In modern management, company loyalty is a liability (unless maybe you own the company). The management idiocy like stack ranking abuses the good employees, sours the culture and strongly favors the players, smoozers, and psychopaths.
The workplace political climate promotes the players, snoozer, and psychopaths. But they are like aggressive termite eventually unknowingly rot the place from the inside out
2:47 This is true. Stack ranking will bring in big inconsistencies and likely discrimination (and lawsuits) when implemented in most engineering environments
I saw this coming from 20 miles away. Why do we have to learn the same lessons over and over? If anyone is wondering whether you should maintain loyalty to a company, I hope you have your answer. All they care about is shareholder returns, and you are not a factor in that decision. The day and age of you being able to start your own business is nearing impossible with the amount of sophisticated engineering understanding required though.
Yeah, as always, everything will just depend on manager that either likes you or not. Because they twist and change performance reviews as they wish, while also having zero understanding of the tech side of your work, and doing nothing all year except that one month of preparing lists of people to kick and to promote.
Amazon and Capital One have been doing this even before the pandemic
Tech layoffs in the west but in india and south east asia offahore tech jobs is always hiring. employees company hop every year IMO.
This tells us that we need to change mains for the remainder of the decade. CS is no longer in demand.
Why don't they tell you about the laws that they can hire American workers for a limited amount of time and lay them off. Then, outsource the job internationally for a significant lower wage. that counts for getting tax breaks and grants in the government. I wish more my fellow Americans understood how corporations really ran. And then our government uses the numbers as if the economy is doing fine. 😂
Why is this on now? Big Tech has been stack ranking for years. This is not new.
To save money it would make more sense to layoff all their project managers, product managers, and program managers.
Kate Rooney is a national treasure
Shopify, worst company Ever
just a reminder that stacked rankings made microsoft fall behind technologically in the 2000s. It bred a culture of selfishness and lack of cooperation between teams and individuals.
Unless it's transparent the stack system would lead others to wonder what value they provided to deserve a raise over them.
Companies are moving the dangling carrot further ahead.
Who would have thought ZIRP policies would backfire.
Top performer or top knee bender? Being the best is absolutley no gaurantee. And sorry it is not as subjective as one thinks becuase we all have different work we are doing and not on an assembly line assembling the same device together.
There are engineers that do their work but don't engage with management very often and they will suffer relative to the engineers that are more frequently involved with projects management is focused on. There are other factors like: what university you went to, who you know in the company, and which projects you worked on.
What about favoritism ?
Much easier to play headcount games in software companies
Yank my balls biotches.
Imagine always being stressed at work because you can be fired any day, it doesn't help build great teams
The way news reporters inflect their voices is so disingenuous I could never watch the news. They all sound the same. Gross.
If you have a toddler and you want to spend time with your child then you will be ranked to let go 😂. Is that money worth it?
If they are really doing this, id hope that being let go is also a function of your backlog of good work, not every year is a good year
Stack ranking does not help women engineers because of the bias (spoken from experience). I would be curious to see studies on this. It's true that contributions are subjective, where this just makes team members against each other.
Completely untrue. A women engineer is gold for any company, they can’t hire them fast enough. Why, diversity goals. There simply are not enough diverse engineers.
The lack of appreciation for what tech workers do for society will continue to hurt the country. Most people are not even aware of the domino effect already going on.
how about a talent show? see who tells the best jokes? Only the funniest get to keep their jobs.
Mabye those who write poems exhalting the "wise & humble" CEO. Maybe limbo dancing... MBAs have ruined U.S. companies.
@m42666 court jesters were spared if they amused the king.
Don't forget Tiddies......
It’s not MBA. It’s cooperative culture which is cooperating only the owner and board no one else
I think I’m still going to wait for that 2026/27 Hyundai Ioniq 5 Limited. After their Georgia factory is operational and supply chain is better.
This video is so uninformed. These are not new systems. They've always been using them. Amazon has an SVP goal for reducing 6% annually.
dam I think a lot of people lost respect for most companies with all the layoffs and efficiency, automation seems like even the ass kissers probably don't see it has their primary option. another reason why everyone these days wants to be their boss and start the next big company.
Higher demand employees will quit or jump ship 🛳️ faster 😂 ..
we've got a ping pong table
Wait till we make gen-ai reporters. They wont be smiling like that
Efficiencies = layoffs, why use codewords instead of calling it what it is?
Rank and yank, sounds obscene. Glad I inherited a ton of money and left Silicon Valley years ago.
The ways humans choose to structure systems never includes humanity. Jack welch literally ran the company into the ground. Why are you people like this.
if you have any self-esteem, never join to a stack ranking company. or just leave
Always think about your career, family and life first like the work experience and the salary package. Doesn't matter how big or small the company is. I have seen many people boosting about the big techs they are working for 😢😢
Boasting about your employer is absurd in this environment and culture. Kinda like when Google axed 20,000 employees nearly at random. One 20-year employee drove to his office at 5am to get a jump on his day when his key card didn't work anymore - that's how he found out. His work history didn't matter, his loyalty was meaningless. The only career you have that matters is the one you were born with and your friends and family, not sitting at someone else's desk in someone else's chair doing someone else's work and delusionally calling that your "career".
🙇🏻@@BarfingGerbil
Tech folks who are not fired will keep showing off their TC! Don’t worry!
Don’t forget also deciding management will choose based on background. Scratch my back culture.
Everyone knows who’s good and who isn’t
@@MatthewMS. not really, it's more about who's your cousin
Its bell curve not stack ranking
Too much Taco Bell will make you curve.
this is a good thing
If your score doesn’t rise but instead remains at a very high level, you are not eligible for a raise? Time for a new job, buy bye.
They're also going to be outsourcing some of these tech jobs to other countries keep costs down
If you want to gut your own company and make it non-competitive in the general labor landscape, use stack rankings. Those that administer the stack rankings will never understand the work that each position does, so will inevitably gut the hardest jobs regularly, leaving those critical positions highly understaffed and underpowered, kneecapping your whole company.
They're keeping all the sleeper cells and getting rid of the rest 👍
That’s your beautiful Capitalism
I am convinced the American tech market is either the hunger games or attack on titan in real life
a good manager knows who needs to be fired, doesn't need to rely on popular gimmicks 🙄
Actually never understood why the tech companies had so many employees anyway, it literally probably takes like 100 people to run any of these tech companies.
It seems more random with high performers also let go. Probably who the manager likes/dislikes, sometimes perception and not reality.
Most of the differences in performance of an individual are due to systemic issues and not in the control of the individual. This is just one of the reasons why this method doesn’t work and in fact causes long term damage.
Lol PIP stands different word for me. It's paid interview prep
Should it be 2020 or why see 2000 at 1:25
Knowledge and experience are your only professional capital. Never fully train coworkers on any knowledge you acquire. Always hold something back. It’s harder than you think to be this way. We are hard-wired evolutionarily to share information. You have to be deliberate to keep knowledge and information to yourself.
It’s not a bad idea. ForgetAI I have people in my small company whose job can be automated with outlook express
I read that Nvidia provides tech for crypto mining services/blockchain transactions. Could the current crypto pump be attributed to Nvidia’s great earnings and should I hold some crypto as well, cos tbh I’m having FOMO with the current crypto price at 63k.
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Banger
Ah yeah, the stack ranking, because last time it worked so well
Calm down, some of the guys were doing silent resignation, moonlighting all those things 2 years ago, now you expect companies to be ethical ? 🙂↔️🙂↔️🙂↔️🙂↔️
And may be this was the reason. They were smart enough to know what’s coming up next. But those who were still loyal were the ones who suffered the most
Of course they get rid of the dimmer lights first. Nothing new.
Stack ranking is about sucking up to the right people. Do it well enough a couple of rounds and you should be set for life unless the company tanks. See how well it worked for GE with two-jet Immelt lol.
The only blessing from this is that we'll prob see alot less of those day in the life tik tok videos
Stack Ranking never works out at the end. Take a look at where GE is now, the inventor of the technique. 😂
I thought she meant full stack or not...
evil evil
kate is giving elizabeth holmes energy
AWS does this everyday
May the odds be ever in your favor 🎶