- This topic has 815 replies, 23 voices, and was last updated 2 years, 5 months ago by
Coronita.
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June 1, 2022 at 10:45 PM #825829June 1, 2022 at 11:18 PM #825830CoronitaParticipant
[quote=deadzone][quote=an][quote=XBoxBoy]And today’s news is this great quote of Elon Musk to Tesla employees:
[quote=Elon Musk]
“Anyone who wishes to do remote work must be in the office for a minimum (and I mean *minimum*) of 40 hours per week or depart Tesla. This is less than we ask of factory workers,”[/quote]We’ll see how well this flies with his employees. But what’s interesting to me is that his argument is that this is less than we ask of factory workers. I mean, we’ve all known Elon is an arrogant SOB, but to put it out there so blatently? I guess that’s why he’s a multi-billionaire and I’m not.[/quote]
Interesting, we’ll see how his people respond.[/quote]And as I’ve said throughout this thread, a lot of companies are going to be laying out the ultimatum to return to work in the very near future. Nice that Elon took the leadership role on this.[/quote]
lol. 1 company, and again selectively ignoring all the big companies that said remote is fine…
But regarding Tesla…Given how incredibly well Tesla engineers are paid, even compared to other FANG companies, the last thing I would do is complain about returning to work. Working there for some engineers 1 year is equivalent probably you working for 3 years in what you do down here. At least, that’s based on the the last Tesla engineer tenant applicant we ran for a SFH rental in Santa Clara.
June 2, 2022 at 8:49 AM #825832an
Participant[quote=deadzone][quote=an][quote=deadzone]Yes, and that is relevant if you actually owned NAIL, or more specifically if you had somehow timed the dip perfectly and bought it 3 days ago. But you didn’t. If you want to roll the dice, buy some NAIL at today’s price and let’s see how that works out.
But you are correct in pointing out that up till now the Homebuilder stocks have been amazingly resilient given the rising interest rate environment. I don’t think the future bodes well for them but we’ll see.[/quote]
What make you think I don’t? As for buying more… why? Instead of talking about it, why don’t you buy some PUTs.But you’re right, you timed it perfectly and I didn’t listen. Better yet, why didn’t you buy PUTs 3 days ago when it was crashing hard and you were obviously gloating?[/quote]
I’m not a day trader. I have a significant short interest in homebuilder stocks as mentioned previously in this thread. Looking for much bigger drops before I cover these shorts.[/quote]
Neither am I. So, I guess my comment is as relevant as yours.We’ll see where this shake out in a year and a half.
June 2, 2022 at 5:02 PM #825837CoronitaParticipanthttps://www.businessinsider.com/quit-job-at-netflix-senior-engineer-boredom-six-figures-2022-5
This is exactly why for many engineers and FANG companies for years, there is no fear of a job loss.
If a software engineer was making $450k/year for several years, he/she/they is already several years if not decades ahead of those that aren’t.
This guy’s story is not unique. I can count several engineers who left Dan Diego for Netflix 6-7 years ago for similar packages. IF they were to lose their job or quit, they already have enough fuck you money , so it’s not like they are going to break a sweat.
So while dz, you might actually think layoffs and/or forcing people to return to work or firing them.would.drasrically affect some of these people…bad news… While as you might have been making 1/3 less than them and need to work another 10-15 to reach the same net worth…these folks took.a shortcut and brought in the financial house in just a few yearsz and don’t have to play by the same house rules as you do.
That’s reality, no matter how many news article you try to find to make yourself feel better that somehow a layoff or a recession would even things up between you and them.
June 3, 2022 at 6:50 AM #825839
JPJonesParticipantWell, there it is:
Word is he walked back his full-time-in-the-office ultimatum, too, to just 2-3 days a week with first-come-first-served seating. This guy is scumbag, not a leader.
June 3, 2022 at 8:01 AM #825840Anonymous
Guest[quote=JPJones]Well, there it is:
Word is he walked back his full-time-in-the-office ultimatum, too, to just 2-3 days a week with first-come-first-served seating. This guy is scumbag, not a leader.[/quote]
As has been obvious for months, this 2-3 days in office will be standard for most companies. Tesla also announcing 10% layoffs. Elon is ahead of the curve, he knows a major recession is coming so he has more employee leverage then before.
June 3, 2022 at 8:02 AM #825841CoronitaParticipant[quote=JPJones]Well, there it is:
Word is he walked back his full-time-in-the-office ultimatum, too, to just 2-3 days a week with first-come-first-served seating. This guy is scumbag, not a leader.[/quote]
Forcing people back to the office is going to work only
(1)for employees that want to come back to the office
and hate working at home all the time, like meOr
(2)for employees that are unemployable elsewhere and who do not have enough fuck you money yet and still need a job to pay for basic rent and living expenses.
June 3, 2022 at 8:04 AM #825842Guest[quote=an][quote=deadzone][quote=an][quote=deadzone]Yes, and that is relevant if you actually owned NAIL, or more specifically if you had somehow timed the dip perfectly and bought it 3 days ago. But you didn’t. If you want to roll the dice, buy some NAIL at today’s price and let’s see how that works out.
But you are correct in pointing out that up till now the Homebuilder stocks have been amazingly resilient given the rising interest rate environment. I don’t think the future bodes well for them but we’ll see.[/quote]
What make you think I don’t? As for buying more… why? Instead of talking about it, why don’t you buy some PUTs.But you’re right, you timed it perfectly and I didn’t listen. Better yet, why didn’t you buy PUTs 3 days ago when it was crashing hard and you were obviously gloating?[/quote]
I’m not a day trader. I have a significant short interest in homebuilder stocks as mentioned previously in this thread. Looking for much bigger drops before I cover these shorts.[/quote]
Neither am I. So, I guess my comment is as relevant as yours.We’ll see where this shake out in a year and a half.[/quote]
Then why are you gloating about NAIL going up 10% in 3 days? Sounds like day trading to me. NAIL or any 3x leveraged fund is a short term day trading investment.
June 3, 2022 at 8:07 AM #825843Guest[quote=Coronita][quote=JPJones]Well, there it is:
Word is he walked back his full-time-in-the-office ultimatum, too, to just 2-3 days a week with first-come-first-served seating. This guy is scumbag, not a leader.[/quote]
Forcing people back to the office is going to work only
(1)for employees that want to come back to the office
and hate working at home all the time, like meOr
(2)for employees that are unemployable elsewhere and who do not have enough fuck you money yet and still need a job to pay for basic rent and living expenses.[/quote]
I think you greatly over-exaggerate how many people have “Fuck You money”. Fact is there will be industry wide layoffs this year, a lot of folks who were previously making big salaries will be on unemployment. That is not good for housing market.
June 3, 2022 at 8:34 AM #825844CoronitaParticipant[quote=deadzone][quote=Coronita][quote=JPJones]Well, there it is:
Word is he walked back his full-time-in-the-office ultimatum, too, to just 2-3 days a week with first-come-first-served seating. This guy is scumbag, not a leader.[/quote]
Forcing people back to the office is going to work only
(1)for employees that want to come back to the office
and hate working at home all the time, like meOr
(2)for employees that are unemployable elsewhere and who do not have enough fuck you money yet and still need a job to pay for basic rent and living expenses.[/quote]
I think you greatly over-exaggerate how many people have “Fuck You money”. Fact is there will be industry wide layoffs this year, a lot of folks who were previously making big salaries will be on unemployment. That is not good for housing market.[/quote]
I think you grossly underestimate how many people do, possibly based on your personal experience.
Someone who’s been reasonably capable software person working for a decade or longer who reasonably managed their career well should have more than enough fuck you money if he managed his career and finances reasonably.
Those that just went to work and didn’t manage their careers and are pigeon-holed into the same type of company specific work and not easily employable elsewhere due to lapse in skill of staying too glued to one company that itself hasn’t kept up with the times and hasn’t moved into management at that company to move into the larger pay groups…AND on top of that also didn’t spend time investing beyond just counting on a paycheck…Well, that can’t be fixed….In this case, well, the employee is very limited in what he/she/they can do and sort of have to put up with whatever their current employer throws at them, including any sort of change in work policy…Because they don’t have many options.
I would argue from a team management perspective, what will end up happening is the company will lose the sharpest people that everyone else wants and offers better terms (pay, benefits, work conditions, work life balance, etc), and retain all the employees that no one else wants… which is the opposite of what you want to do in forming a highly functional team. that’s sort of what is happening in some divisons in my current company (not mine). My division retention is close to 100% for the past 3 years. We also just got another round of RSU stock grants that the board approved off-cycle, for employee retention. Good news, while the markets are lower. Because grants are based on FMV at the time of grant, not absolute share prices… So you want RSU grants when the markets are down and while you are vesting.
June 3, 2022 at 8:36 AM #825845Participant[quote=deadzone]Then why are you gloating about NAIL going up 10% in 3 days? Sounds like day trading to me. NAIL or any 3x leveraged fund is a short term day trading investment.[/quote]
Because you dare me to buy it, so I did. I still haven’t sell it yet. Bought it since early April and have been adding to it. How’s holding onto something for a couple of months day trading? At the very least, it’s month trading and not day trading.June 3, 2022 at 8:39 AM #825846Participant[quote=JPJones]Well, there it is:
Word is he walked back his full-time-in-the-office ultimatum, too, to just 2-3 days a week with first-come-first-served seating. This guy is scumbag, not a leader.[/quote]
Not surprised at all to anyone who actually know about the tech job market and have a pulse in tech employee satisfaction.June 3, 2022 at 8:53 AM #825847Participant[quote=deadzone]I think you greatly over-exaggerate how many people have “Fuck You money”. Fact is there will be industry wide layoffs this year, a lot of folks who were previously making big salaries will be on unemployment. That is not good for housing market.[/quote]
We have 6 months left in this year. Lets revisit in 6 months to see…June 3, 2022 at 9:08 AM #825848sdrealtor
ParticipantInteresting RSU conversation this weekend. One of my college buddies was in town for the weekend. He’s a C level biz dev guy in the digital world and has been for well over 2 decades. He makes a big salary but the equity is what drives him. He’s in digital health and has helped turn his current employer from near bankruptcy a few years ago to signing deals with some of the biggest players in the space. They have a $1B + valuation and should have a liquidity event (IPO or sale in next few years). He is 2 months from fully vesting in his equity and even if they wanted to get rid of him they couldnt before that anniversary. He just told the CEO you need to reload me with equity or Im leaving. I asked him why he would leave with the company on the verge of great things on his efforts. He said no more upside and he can take his show lots of places.
He’s coming up on 60 and held big equity positions in 5 different ehealth start ups that he acquired the last 13 years through employment or as an advisor. Last year he was able to cash in on 2 of them and has learned the value of spreading his chips around. He has been in the biz since the 80’s and founded an internet company he sold. The acquirer was on the verge of a merger with a major Telco that the CEO blocked because he wanted to be CEO of merged company only for the Internet bubble to burst and my friend along with his co-founders and employees each lost over $10M. So now he will only work someplace 3 to 4 years to fully vest unless they reload his equity. He’s got one maybe two more chances and when he’s done he’ll be coming here. Looking forward to it. great guy, great friend
June 3, 2022 at 9:11 AM #825849Participant[quote=deadzone][quote=Coronita][quote=JPJones]Well, there it is:
Word is he walked back his full-time-in-the-office ultimatum, too, to just 2-3 days a week with first-come-first-served seating. This guy is scumbag, not a leader.[/quote]
Forcing people back to the office is going to work only
(1)for employees that want to come back to the office
and hate working at home all the time, like meOr
(2)for employees that are unemployable elsewhere and who do not have enough fuck you money yet and still need a job to pay for basic rent and living expenses.[/quote]
I think you greatly over-exaggerate how many people have “Fuck You money”. Fact is there will be industry wide layoffs this year, a lot of folks who were previously making big salaries will be on unemployment. That is not good for housing market.[/quote]
I think you greatly underestimate it as well as how many are comfortably seated in a great position without the need for FU$ to walk away. I see friend after friend saying I could keep doing this for another 5 to 10 years but Im done. Time to enjoy it all.
How come we didnt see you here yesterday?
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