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Thought this was interesting. Across 160 teams of researchers, just about all failed to make good life outcome predictions on things like GPA, evictions, layoffs, and others. Data followed 4.5k families across 15 years, with 13k features (varied over time). Haven't looked at it directly yet, but will be turning the docs and data inside out... In the meantime, authors claim this as showing the limits of ML. Oh, and it's published in PNAS, so you know there's some big publication energy there.
https://www.pnas.org/content/117/15/8398
Soft layoffs at ProServe today ?
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I joined KGS in feb 2022, we recently got a mail regarding timeline of appraisal and bonus payout from the partner. My reporting manager hasn't yet reached out to me regarding goal setting, not sure if that happens here. Can you pls help me to know what all things we need to do from our end for the appraisal cycle and bonus payout? Since I'm new to this company KPMG KPMG India
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I’ve been through a few rounds, and it’s rarely just performance, it’s often budget, team structure, or whose role leadership sees as “essential.” Sometimes entire functions get cut, so it's everyone from leadership to ICs getting cut at once. Being valued helps, but it’s always smart to stay prepared just in case.
From my understanding, it comes down to metrics and KPIs at the end of the day. The top performers are going to have priority in order to protect the bottom line. I hate to reduce people to such simple terms, but that's business.
Sometimes it's just luck, and that's the worst part. If they have a lot of employees around the same level and pay, but some have to go, it could be as little as the manager doesn't like how loud you talk.
It’s such a weird emotional limbo, right? In my experience, companies usually look at things like redundancy, performance, and cost. But sometimes it really just comes down to who's on what team or project. The lack of transparency can make it even harder.
These things can happen in any number of ways. People often think it's newest employees are the first to go, but that's not always the case. Sometimes it's the veterans, who are paid more, who are let go. And sometimes it's just wholesale, entire departments or functions are vaporized. Somebody once told me it's down to someone looking at a spreadsheet and highlighting an entire column, and in some cases that may not be far from the reality.
Performance, Salary or change in Business Plans or the person isn't a Team Player. Many reasons go into that decision.
Sometimes just down to budget and then performance.