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PhoenixReborn

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It's basically impossible to prevent people from using VPNs without some serious governmental control over every telco - which of course may be the case in the UK, but I don't think a site operator can be held liable for that in any sane way.

Not just time cost, but also monetary cost. At least in tech, most jobs exist in a small set of metro areas where housing prices are incredibly high. Pushing for more remote work enables more flexibility in where people live / can ease some of the housing pressure on these congested metros.

Thanks to an increasing supply of jobs in India, salaries have been rising at the top end of the market. In another 5-10 years, it won't be much cheaper to hire in India as compared to the US.

Elixir at Ramp 3 years ago

It's likely that they just chose Kotlin as "better Java" - many companies do this and I can understand why.

And this is precisely why the law is so toothless in WA. It was intended to kill non-competes for low-wage workers (McDonald's workers, etc), not for tech workers. That's still a good thing overall, but techies don't really see the benefits of it.

It's because WA allows for non-compete agreements for employees above a certain income level, whereas CA bans non-competes outright. So it's much more difficult to get top/high-ranking people to leave MS/AMZN since they might get sued by their employer.

Note that the threshold in WA is around $116K annual salary and I imagine that most senior tech employees would be above this level.

Source: https://foley.com/insights/publications/2023/01/non-competes...

Usually the investors - the funding amount means that the founders and early employees can get paid a living wage at least (as a former VC-backed founder I can say that they probably don't get paid exorbitantly). But investors will get rinsed if the company can't either reach IPO or raise a subsequent round at a higher valuation. This becomes very difficult when the company is already worth $200M on paper, and need to get the revenue to a point where that valuation is justified.

The rumored valuation was around $200M, and the product is pre-revenue right now. So that seems pretty ridiculous.

Reddit has way more than 700 now. I worked there until 2019 and they had ~600 when I left.

That being said though, I would guess the employee count is still around ~2000 or less.

Plaid Layoffs 4 years ago

Unfortunately, in a highly regulated environment like finance or healthcare this is the norm for opsec reasons. Can't have disgruntled laid-off employees taking revenge actions against the company or customers.

They did raise funding. It's unclear to me what their business model would have been (compete with Vercel?), and maybe the struggle to find one was why they decided to go for an acquisition.

Disclosure: former Reddit employee

It's definitely an acquihire. MLOps has been one of Reddit's weaker areas historically, so this acquisition makes sense to get a talented team in with a clear understanding of the space.