NYT Gift Article: What Elon Musk Didn’t Count On: Firing Workers Costs Money, Too

[Anonymous]

In the Real World firing Workers saves a ton of money.

My old firm we had 90 day probation and religiously let go anyone who was not a good performer. We literally have their screen go blank and get a email to return lap top you been offboarded for not clearing probation

Then with four year cliff vesting of sign on RSUs with first one vesting at year one good chance you may be let go before year end.

Only 10-20 percent of employees are rock stars at best. The other 80-90 percent you churn and burn. It is called Hire to Fire Model. We hire to fire my old firm 80 percent of employees.

When I left old firm I had 140K in unvested RSUs, firing me would save them 140K on day one. I quit. But I could see in my account they disappeared.

It was backwards severance in a way. Getting let go cost workers six figures in unvested RSUs. Uncle Sam instead pays workers six figures to let them go.

He missed the memo how DC works.

[Anonymous]

Anonymous wrote:In the Real World firing Workers saves a ton of money.

My old firm we had 90 day probation and religiously let go anyone who was not a good performer. We literally have their screen go blank and get a email to return lap top you been offboarded for not clearing probation

Then with four year cliff vesting of sign on RSUs with first one vesting at year one good chance you may be let go before year end.

Only 10-20 percent of employees are rock stars at best. The other 80-90 percent you churn and burn. It is called Hire to Fire Model. We hire to fire my old firm 80 percent of employees.

When I left old firm I had 140K in unvested RSUs, firing me would save them 140K on day one. I quit. But I could see in my account they disappeared.

It was backwards severance in a way. Getting let go cost workers six figures in unvested RSUs. Uncle Sam instead pays workers six figures to let them go.

He missed the memo how DC works.

How is that better? Hire to fire is so wasteful and encourages fiefdoms.

[Anonymous]

Anonymous wrote:In the Real World firing Workers saves a ton of money.

My old firm we had 90 day probation and religiously let go anyone who was not a good performer. We literally have their screen go blank and get a email to return lap top you been offboarded for not clearing probation

Then with four year cliff vesting of sign on RSUs with first one vesting at year one good chance you may be let go before year end.

Only 10-20 percent of employees are rock stars at best. The other 80-90 percent you churn and burn. It is called Hire to Fire Model. We hire to fire my old firm 80 percent of employees.

When I left old firm I had 140K in unvested RSUs, firing me would save them 140K on day one. I quit. But I could see in my account they disappeared.

It was backwards severance in a way. Getting let go cost workers six figures in unvested RSUs. Uncle Sam instead pays workers six figures to let them go.

He missed the memo how DC works.

Hey J1/J2 guy.

[Anonymous]

The govt is not a corporate world. And for good reason. All these people fail to understand that govt is a public service and things like the post office don't need to turn a profit. Of course they need to be more efficient and stable but these are no for profit corporations and yes people have job protections as that's one of the reasons they go into public sector work.

[Anonymous]

Anonymous wrote:

Anonymous wrote:In the Real World firing Workers saves a ton of money.

My old firm we had 90 day probation and religiously let go anyone who was not a good performer. We literally have their screen go blank and get a email to return lap top you been offboarded for not clearing probation

Then with four year cliff vesting of sign on RSUs with first one vesting at year one good chance you may be let go before year end.

Only 10-20 percent of employees are rock stars at best. The other 80-90 percent you churn and burn. It is called Hire to Fire Model. We hire to fire my old firm 80 percent of employees.

When I left old firm I had 140K in unvested RSUs, firing me would save them 140K on day one. I quit. But I could see in my account they disappeared.

It was backwards severance in a way. Getting let go cost workers six figures in unvested RSUs. Uncle Sam instead pays workers six figures to let them go.

He missed the memo how DC works.

Hey J1/J2 guy.

Only J1 now. But shows how lazy most remote workers are. I had two full time jobs back then. Yet in a place with 40-50 percent turnover at one point as they were tough as nails on hitting targets and KPIs I was never fired and counter offered when left.

I get shit done. Most just do shitty work

Gotta go walk the dog, wash the car now. It’s Friday

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In the Real World firing Workers saves a ton of money.

My old firm we had 90 day probation and religiously let go anyone who was not a good performer. We literally have their screen go blank and get a email to return lap top you been offboarded for not clearing probation

Then with four year cliff vesting of sign on RSUs with first one vesting at year one good chance you may be let go before year end.

Only 10-20 percent of employees are rock stars at best. The other 80-90 percent you churn and burn. It is called Hire to Fire Model. We hire to fire my old firm 80 percent of employees.

When I left old firm I had 140K in unvested RSUs, firing me would save them 140K on day one. I quit. But I could see in my account they disappeared.

It was backwards severance in a way. Getting let go cost workers six figures in unvested RSUs. Uncle Sam instead pays workers six figures to let them go.

He missed the memo how DC works.

Hey J1/J2 guy.

Only J1 now. But shows how lazy most remote workers are. I had two full time jobs back then. Yet in a place with 40-50 percent turnover at one point as they were tough as nails on hitting targets and KPIs I was never fired and counter offered when left.

I get shit done. Most just do shitty work

Gotta go walk the dog, wash the car now. It’s Friday

You must be a nightmare to work with.

[Anonymous]

Anonymous wrote:I’m curious how people who are supposed to be geniuses didn’t understand how to analyze the cost of firing so many federal workers.

Many people who are very smart or very rich believe that they know everything about everything even though they really only know one tiny area of business or investing well.

[Anonymous]

I just want to say that we are sending massive amounts of Feds to early retirement- there is a cost to this!!!! Wouldn’t you rather they work? Their working salary is only slightly more than their pension. When you retire feds and rehire contractors (who already cost more $$$), this will cost so much more money in the long run.

[Anonymous]

Anonymous wrote:In the Real World firing Workers saves a ton of money.

My old firm we had 90 day probation and religiously let go anyone who was not a good performer. We literally have their screen go blank and get a email to return lap top you been offboarded for not clearing probation

Once Redit figures out how your company behaves no one who is smart and hard-working will even apply to work there.

Or put this another way--are you brave enough to tell us the name of your company? I doubt you are.

[Anonymous]

Anonymous wrote:I just want to say that we are sending massive amounts of Feds to early retirement- there is a cost to this!!!! Wouldn’t you rather they work? Their working salary is only slightly more than their pension. When you retire feds and rehire contractors (who already cost more $$$), this will cost so much more money in the long run.

It’s false to say that their working salary is only slightly more than their pension, especially for people retiring early who by definition will have fewer years of service (and therefore a smaller pension) than they would have if they stayed longer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m curious how people who are supposed to be geniuses didn’t understand how to analyze the cost of firing so many federal workers.

Many people who are very smart or very rich believe that they know everything about everything even though they really only know one tiny area of business or investing well.

I'm curious how people who are supposed to be geniuses didn't realize you don't fire HR before you've finished firing everyone else you plan to fire.

Maybe hiring 19 year old hackers wasn't the best idea.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I just want to say that we are sending massive amounts of Feds to early retirement- there is a cost to this!!!! Wouldn’t you rather they work? Their working salary is only slightly more than their pension. When you retire feds and rehire contractors (who already cost more $$$), this will cost so much more money in the long run.

It’s false to say that their working salary is only slightly more than their pension, especially for people retiring early who by definition will have fewer years of service (and therefore a smaller pension) than they would have if they stayed longer.

I’ve been looking at the numbers with my close coworkers. It’s really not that much of a difference. Like 10-30k less. And then when the leave we have to hire someone for 75-100k at least. Or if you hire a contractor it’s double that.

[Anonymous]

I really like how all the DOGE young hackers are making the top of the pay scale- like 190k but whining about how much PhDs are making in critical roles that they’ve held for decades.

[Anonymous]

Anonymous wrote:

Anonymous wrote:In the Real World firing Workers saves a ton of money.

My old firm we had 90 day probation and religiously let go anyone who was not a good performer. We literally have their screen go blank and get a email to return lap top you been offboarded for not clearing probation

Once Redit figures out how your company behaves no one who is smart and hard-working will even apply to work there.

Or put this another way--are you brave enough to tell us the name of your company? I doubt you are.

It’s J1/J2 guy. Don’t engage him.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:In the Real World firing Workers saves a ton of money.

My old firm we had 90 day probation and religiously let go anyone who was not a good performer. We literally have their screen go blank and get a email to return lap top you been offboarded for not clearing probation

Then with four year cliff vesting of sign on RSUs with first one vesting at year one good chance you may be let go before year end.

Only 10-20 percent of employees are rock stars at best. The other 80-90 percent you churn and burn. It is called Hire to Fire Model. We hire to fire my old firm 80 percent of employees.

When I left old firm I had 140K in unvested RSUs, firing me would save them 140K on day one. I quit. But I could see in my account they disappeared.

It was backwards severance in a way. Getting let go cost workers six figures in unvested RSUs. Uncle Sam instead pays workers six figures to let them go.

He missed the memo how DC works.

Hey J1/J2 guy.

Only J1 now. But shows how lazy most remote workers are. I had two full time jobs back then. Yet in a place with 40-50 percent turnover at one point as they were tough as nails on hitting targets and KPIs I was never fired and counter offered when left.

I get shit done. Most just do shitty work

Gotta go walk the dog, wash the car now. It’s Friday

Never was a more true statement uttered - You get SH*T done. Sh*t helps no one. It just takes up room and stinks up the place.

Enjoy walking your dog, moron.