The Pragmatic Engineer

NOVEMBER 17, 2022

This article was updated in December 2022. In the midst of gloomy news about hiring freezes and layoffs, let's highlight companies which are growing  and hiring. The full The Scoop edition additionally covers: Meta’s historic layoffs. To get this newsletter every week, subscribe here.

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The Pragmatic Engineer

JANUARY 5, 2023

We also recommend customers review internal logs for their systems for any unauthorized access starting from December 21, 2022, through today, January 4, 2023, or upon completion of your secrets rotation. (.)We I asked CircleCI if they let any of their security team go as part of layoffs but the company did not answer my question.

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The Pragmatic Engineer

DECEMBER 8, 2022

As a reminder, in May 2022 Snap announced a hiring slowdown, laid off 20% of staff in August, shut offices like Zenly’s office in Paris , and posted a net loss of $359M in Q3 2022 - four times more than in 2021, while revenue only increased by 6% year-on-year. On 9 November 2022, Elon Musk made this gap really narrow, though.

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KDnuggets

FEBRUARY 5, 2024

The number of tech layoffs since 2022 is constantly rising. Why is this happening?

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The Pragmatic Engineer

OCTOBER 20, 2022

On 16 August 2022, the administrator, Kroll, took over the company with the goal of returning as much capital to creditors as possible. On 10 October 2022, the administrator sent its first report to Pollen’s registered creditors, and I got my hands on a copy. Rescinding offers before a mass layoff: yay or nay?

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The Pragmatic Engineer

JULY 13, 2023

Not that we applaud layoffs by any means, but the survival of a company with many jobs is better than the failure of a company with all the jobs.” Companies like Rad Power Bikes sell considerably more e-bikes than VanMoof, and even Rad had to undergo several rounds of layoffs in the last year or so.

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The Pragmatic Engineer

MARCH 30, 2023

The company is bleeding money: in 2022 it brought in $4.1B The adjusted net loss – omitting stock-based compensation or payments related to layoffs into account – was $531M. It is pretty telling that the company’s revenue was $4B in 2022 but its market cap is a mere $3.3B. in revenue, while making a $1.6B

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The Pragmatic Engineer

NOVEMBER 3, 2022

pic.twitter.com/Rk9m1v1hmu — Leah Culver (@leahculver) October 28, 2022 Then, a few hours later, new instructions came from the top: stop printing and shred all documents with the code! What are Musk’s plans; will there be layoffs, will stock vesting or compensation change in some way?

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The Pragmatic Engineer

MAY 9, 2023

Over the past few weeks, the majority of US publicly traded companies have published their median total compensation numbers for 2022. Fiscal year 2022 annual base pay (salary or gross wages for hourly employees, excluding paid leave), which we annualized for any permanent employees who commenced work during the year 2.

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The Pragmatic Engineer

MAY 1, 2024

The Cognition AI team smashed it on media attention; it feels like their launch garnered almost as much developer attention as ChatGPT’s launch in November 2022. The company broke through to mainstream media – no small feat! Some articles about Cognition AI’s product launch. This was an excerpt from The Pulse #85.

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Jesse Anderson

JANUARY 9, 2023

2022 was a banner year for activity.” In 2022, many of the Ververica employees left and formed Immerok. You can see a significant drop starting in March 2022. This reduction in staff wasn’t from a layoff; it was all attrition of people leaving for Immerok. Confluent’s problems began months earlier, in February 2022.

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Christophe Blefari

JANUARY 7, 2024

The blog — 46 articles published in 2023, this is way less than in 2022 but it's ok. Revenue — My freelancing activity is stable, last year I billed almost the same revenue as 2022 around 140k€, while taking more big breaks. Some people might remember but it was my 2022 goals to run once a week.

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The Pragmatic Engineer

OCTOBER 24, 2023

Code review on printed paper: an excerpt from the Twitoons book A year ago, the end of October 2022 was a very turbulent time at Twitter. As far as I was concerned, I'm glad I didn't have to submit to any of those “code review” sessions, since I was fired on November 1, a few days before the large waves of layoffs.

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The Pragmatic Engineer

JANUARY 12, 2023

Pollen was an events tech startup founded in 2015, which raised more than $200M in funding and employed about 600 people by 2022. But after a series of layoffs, the company ran out of money and entered administration last August. Today, employees are still owed months’ worth of wages and pension contributions.

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The Pragmatic Engineer

FEBRUARY 2, 2023

Apple was the first Big Tech giant to mandate a proper return to the office and back in September 2022, this initiative was in full swing, being rolled out in the US and with 3 days per week in the office mandated in the UK. Leaderships at some companies have told staff they will aim to ensure no layoffs happen. A heads up.

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The Pragmatic Engineer

APRIL 9, 2024

However, early 2022, the startup innovated with the concept of a "talent collective." Tech job boards are a dying breed A few months after launching my job board, Stack Overflow Jobs – the most well-known software engineering jobs board – announced shutting down, with the effective date of 30 March 2022.

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Ascend.io

MARCH 23, 2023

Companies are tightening their budgets — even more than they already did in late 2022. Filling these specialized roles may seem counterintuitive when most companies are doing layoffs. There’s no other way to put it: companies are already having a very sobered 2023. To focus on impact, outcomes, and efficiency.

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The Pragmatic Engineer

MARCH 13, 2023

It wasn’t just startups, but also late-stage companies: 44% of venture-backed tech and healthcare companies which went public in 2022 were SVB customers, according to Bloomberg. Half of all venture-backed companies in the US used SVB, making the bank the most important financial institution in the US startup tech sector.

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The Pragmatic Engineer

MAY 25, 2023

I got a message from a software engineer working at a company which laid off 30% of staff in December 2022. It’s a late-stage startup valued at around $3B which had around 1,000 employees before the layoffs. Some companies see relatively fast increases in their Glassdoor scores, after layoffs. and they started doing this.

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Knowledge Hut

OCTOBER 13, 2023

Current Job Outlook for Scrum Master Job Roles The tech job market experienced many ups and downs in 2022. Many even feared the scrum master’s demand in 2023 would decrease with fears of recession and layoff. This alignment between the team and stakeholders maintains a positive throughout the project.

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The Pragmatic Engineer

NOVEMBER 24, 2022

Originally published on 24 November 2022. On Monday, 21 November, Elon Musk told employees that the company was done with layoffs. We have to ask the question: why is Elon Musk creating what seems to be the most toxic working environment among major tech companies in 2022? To get this newsletter every week, subscribe here.

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The Pragmatic Engineer

MARCH 3, 2023

A month ago when analyzing the layoffs, I noted: “Profit centers seem to have been impacted far less than cost centers and experimental projects. (.) At the same time, Google’s in-house incubator, Area 120, was heavily impacted by layoffs.” The decision to cut the coding competitions was made very recently.

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The Pragmatic Engineer

JUNE 1, 2023

Juraj built this project on the side, between October 2022 and April 2023, which is 7 months. After leaving in March due to a layoff, I decided not to start my job search immediately, but spent some more time finishing and polishing this project. Persistence. Documenting the steps.

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Christophe Blefari

MARCH 11, 2023

As Matt said in a LinkedIn live with Joe Reis the MAD landscape was not published last year (2022) because of time and the landscape has been totally shaken by 2 major events: the massive layoffs wave and the generative AI hype. As a reaction it'll, sadly, imply more layoffs in the coming days and weeks.

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The Pragmatic Engineer

OCTOBER 13, 2022

In 2022, there has not been a single major IPO, and the valuation of private companies has dropped steeply. Klarna executed another round of layoffs at the end of September. In this issue, we also cover numbers on Klarna’s explosive headcount growth - and its recent shrinking: Klarna’s headcount growth 2021-2022.

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The Pragmatic Engineer

JANUARY 4, 2024

An unexpectedly high tax bill out of nowhere Many US software businesses amassed surprisingly high tax bills in 2023, seemingly out of nowhere, due to a tax change which took effect in July the previous year, which many small companies knew nothing about until finalizing their 2022 returns. In 2022, the answer was $900,000 in profits(!!)

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