What an utter dick.
“I worked on the team that implemented Vulkan support for Unreal Engine 5, and have created over 200 shaders for AAA retail games.”
“Sir, this is a Wendy’s”
Upending the lives of all of these people is actually a GOOD thing for the industry. ~ Tim Sweeney
Another brilliant CEO decision that is definitely worth his massive pay.
I mean he could pay himself $1 a year and still be making a killing in dividends since he still owns over 40% of the company.
Yes, when I say pay I mean total compensation. Those people take cheap loans out against their equity.
That part wouldn’t be part of his total compensation because it’s not actually income.
But I’m fairly sure he gets dividends. Because there are other shareholders and they wanna get paid too. Much lower tax rate than when making the same amount in salary.
I worked on calculating the total compensation packages for a major investment firm. We’re talking VERY large. They got most of their income in “internal shares” with long term incentive delays on them like 3 years.
That makes sense in many contexts, but not really if you’re the largest shareholder in a privately-held company. Which is why I’m fairly sure most of his income is dividends. Does he use the loan trick to live a fancier lifestyle? Perhaps, but we’ll probably never be privy to the information.
No, more like the data crunching algorithms that ingest and evaluate the resumes will fine tune down to determining some kind of pattern or set of patterns, which describes what skill sets Epic apparently no longer needs.
Then, that data will be sold to some business intelligence / market strategy development consultant, who will then adjust their advice that they give to other tech clients.
Sweeney also fully knows this is what will happen.
Because he has similar consultants or perhaps an inhouse team, going over the same kind of data, that told him to let all these people go.
None of these C suite types actually do any advanced, in depth, strategic planning.
They have the BI guys write those up for them, like how the military has a set of potential war plans to be followed or activated when some set of cinditions are triggered, or a General decides its time to do it, or w/e.
The C suite folk, they’re literally just a big social club, all they do is collude with or against other C suites.
Like… that’s how this actually works.
It would be immensely easier and generate huge savings for big firms to automate their C suites, not the actual specialists or team leads with deep systemic and specific knowledge.
They’re the most expensive employees, by far, and they are the most likely to act irrationally, with outsized negative impacts on the whole business.
… But thats not the point.
The point… is to pamper the C suite people’s egos and wallets.
Yep.
That is the actual ultimate end goal.
Its a rigid class system, with an incompetent and haughty nobility… that just kind of pretends to not be that.
Techno-feudalism.
They spent decades putting an end to meritocracy so they could lord over us with unearned positions of power.
Same energy
About as bad as the last company I worked at, a VP would say folks who were laid off were “promoted to customers”.
I do hope there’s a special place in hell for people like this, where they are spanked for all eternity with a soup spoon.
I suggest violence
Oh I left before I was “promoted”. It was a hellish place and you’d definitely know the company if in North America.
I mean, if retail that is an improvement.
Amazon? This was a running joke employees would say all the time.
“Amazon pays more cause it expects more”. Like fucking 20p more.
Nope, but not shocking.
Wow. I’m sad this happens at more than one place.
The worst part of job hunting was tailoring your reaume to match a job posting for each job…just to try and get by the AI filters and get humans to look at it.
Once i learned how to fool most HR filters, i started to get calls from companies.
Its all a fucking game
Care to share?
Same here. Is it just listing a bunch of keywords?
What i did was eliminate a bunch of stuff that did not relatebto the position first. E.g. ai does not care you volunteer at a food shelter if the job is for carpentry.
Dont include it if the position doesnt require it.
E.g. dont put “proficient in Word” unless the request states “candidate must be proficienr in wors”. Also if they ask for someone proficient in mail merging welcome letters from names in ms access… then put exactly that on the C.V.Dont just list software you know…parrot their requests back at them…thisis what i mean about tailoring the reaume to the position.
I went with skills first, Then a list of companies for work history without explaining what i did there except for 1 position that seemex to want a list of accomplishments at a previous job.
Extras tha might help come last.
Just the facts, leave the talking points for the interview. Thats the time to bring up your food shelter volunteer work.
Match the job requests in the CV to get past the non human filters first.
“I have optimized the streamlined AI driven deep learning model to predict our maximum net ROI for our start up company.”
“I did linear regression to predict sales next month”
Any advice you have would be greatly appreciated.
Ai is going to bankrupt a lot of stupid business owners
At this point, the weeding is needed
Good, they’ll have to sell off all their shit, and we can get lots of fancy stuff really cheap at their yard sales.
Those rich douchebags are always buying expensive guitars they never learn to play, that’s what I’m targeting.
I too collect guitars, I like your logic here.
Brother! You can have all those Trump guitars. Don’t bother leaving any behind for me.
The basics are still there: Food, Shelter, Water, Safety Fill one of those needs and forget about the fancy AI silliness.
Yes, before AI Fortnite was fulfilling one of those 4 basic needs, you’re right.
The person you’re replying to is trying to say you’ll be safer if you work for a company providing basic needs instead of something non-required, like gaming.
my company of 50 went down to 22 because of “AI productivity gainz” - then we had the biggest dip in client retention in its 10 year history and those clients that do remain all have massive issues with getting what they want and there are constant “fire drills” to keep them happy.
We just started using it a couple of weeks ago, I’m expecting this very same scenario.
Did management have anything to say? How was the dip in client retention measured?
EOY state of the Union report, 10Q reporting or whatever the eoy one is called.
Retention is the classic churn metric (lost/total)*100
It’s simultaneously testing the waters and conditioning people to accept less.
Honestly, I do respect the decision to publicly declare that the laid off employees were very good. I’ve done job searching while laid off and it does suck the suspicion through which you’re viewed by interviewers when they ask about it
When I did hiring our HR had some system that did this. It fucking sucked. It passed through so many shit candidates. I eventually ended up just going straight to the discard pile when I had to review applications.
I just don’t get all this shit. I’m a programmer and for years at my last job I did most of the interviewing for candidates and had the final say-so for whether or not we hired somebody. I could tell in a 15 minute phone call whether somebody knew what they were doing or not and could make a positive contribution to the project.
Yeah, I found resumes to be a pretty poor indicator other than kind of “subconscious” things I started picking up on after a while. I doubt any AI or program could manage that though. I can’t even quantity it myself. Talking to someone is infinitely better and I’d always try to get in as many interviews as I could.
My favorite thing about phone interviews was when I’d ask a question and the person would pause and I’d hear keyboard noises and whispering in the background. I was like c’mon dude, even if you get a job this way what the fuck are you going to do your first day at work if you don’t know how to do anything yourself?
Yeah I think some people think laid off and fired are synonyms. I was just low seniority in my union
Massive software layoffs have been common for as long as I can remember. I think it’s not that big of an issue to explain why you are looking for a job in that field. Oh your last job was xxx ahh they laid off x number of employees.
It’s not a secret that most of the people laid in these things are just people on the wrong teams and nothing to do with their capabilities
This is the type of “dickery” that surpasses all measurements, the one that is, honest to god, trying to be nice.
In short, he’s really, REALLY stupid.
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You don’t even get why he’s being called stupid but let’s address what you said first. Would you rather get a 6 months severance and a very little opportunities to get rehired is almost impossible or keep your current job? Unless you’re stupid you’d rather keep your job. The 6 months severance with health care doesn’t matter when you’re being thrown overboard.
And he’s being called stupid because he’s throwing people overboard to keep his ship going and he’s trying to pass it off as “they’ll survive” like he’s done nothing wrong. He’d genuinely would look smarter if he just shut the fuck up and take the layoff criticisms on the chin. But you know, much like Randy Pitchford, Sweeney loves to put his foot in his mouth.
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Why does a capitalist apologist pop up every time people point out their shitty behavior? In fact he didn’t have to lay a bunch of people off, he could have cut costs in other ways, such as, oh idk, his own ridiculous pay package. These people only fucking care about themselves. They would sell you out for a cup of coffee. Why do you insist on running interference for them and whitewashing their greedy antisocial behavior?
It’s his job to navigate the company through this shit economy and he failed at his job. But his failure is put on the 1000 people who got laid off while he gets to continue sitting in his little castle acting like there was nothing he could do. If you want to ride his dick go ahead, I’ve got no sympathy for a failure who didn’t learn the first time around (because it’s not even 3 years from the last layoffs) and suffers no consequences for his failure.
The fact that he is complying with the workers’ contract has nothing to do with the fact that his comment, and by extension he himself, is stupid.
That’s supposed to be good? That’s bare minimum.
So he’s…bragging about losing talent???
Seriously I got the best top ppl and letting them go is not the message you want to have.
Oh yeah Timmy? Who’s hiring them in this industry, let alone this economy? Go fuck yourself.
Roblox? It’s about the same thing as Fortnite, is it not?
a yes the child molester playground provider
