<story><title>LinkedIn laying off nearly 700, mostly from core engineering teams</title><url>https://www.cnbc.com/2023/10/16/microsoft-owned-linkedin-lays-off-nearly-700-read-the-memo-here.html</url></story><parent_chain><item><author>rocgf</author><text>Anecdotally, in my circles, most truly thought that this won&amp;#x27;t have an impact in the compensation levels. Always struck me as incredibly short-sighted and your comment is actually the first I see that explicitly states what I thought as well.&lt;p&gt;There is still an argument that, if you truly want top talent, then that top talent might actually want to live in high COL locations like NY or whatever.</text></item><item><author>paxys</author><text>Is anyone really surprised? Did you think the end result of the WFH movement was going to be companies continuing to pay you to live out of your Bay Area house?</text></item><item><author>LewisVerstappen</author><text>&amp;gt; LinkedIn is now ramping up hiring in India, according the person familiar.&lt;p&gt;So, laying off people in the US and hiring in India?</text></item></parent_chain><comment><author>omscs99</author><text>&amp;gt; Anecdotally, in my circles, most truly thought that this won&amp;#x27;t have an impact in the compensation levels.&lt;p&gt;I mean, even if it does, it’s not that big of a deal. Fewer people propping up a ponzi scheme of a real estate market that tries to soak up as much surplus as it can get its hands on&lt;p&gt;Also, fewer incentives to remain in the US with its shitty excuse of a health care system and public school system&lt;p&gt;Edit: and shitty life expectancies in the US as well compared to developed countries. Also shitty work culture</text></comment>
<story><title>LinkedIn laying off nearly 700, mostly from core engineering teams</title><url>https://www.cnbc.com/2023/10/16/microsoft-owned-linkedin-lays-off-nearly-700-read-the-memo-here.html</url></story><parent_chain><item><author>rocgf</author><text>Anecdotally, in my circles, most truly thought that this won&amp;#x27;t have an impact in the compensation levels. Always struck me as incredibly short-sighted and your comment is actually the first I see that explicitly states what I thought as well.&lt;p&gt;There is still an argument that, if you truly want top talent, then that top talent might actually want to live in high COL locations like NY or whatever.</text></item><item><author>paxys</author><text>Is anyone really surprised? Did you think the end result of the WFH movement was going to be companies continuing to pay you to live out of your Bay Area house?</text></item><item><author>LewisVerstappen</author><text>&amp;gt; LinkedIn is now ramping up hiring in India, according the person familiar.&lt;p&gt;So, laying off people in the US and hiring in India?</text></item></parent_chain><comment><author>hotpotamus</author><text>I&amp;#x27;ve had private equity people tell me prior to the pandemic that if a job can be done from home, then it can be done from India. It basically makes sense to me. I know the common rejoinders about time zones (which ignores that there are plenty of cheaper countries south of the US) and culture&amp;#x2F;language, but I suppose we&amp;#x27;ll see if the FAANGs can overcome those issues; many companies have gone before in this regard.&lt;p&gt;It&amp;#x27;s one of a few reasons I prefer in person work.</text></comment>