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Soft layoffs at ProServe today ?
Paypal Hello, I've been offered Data engineer /Software Engineer at PayPal, india.
How's the company doing, is it profitable? Bit skeptical about the recent layoffs at PayPal.
Any data engineers at PayPal around? Whats your thoughts, how's the team doing and how would be the growth?
YOE - 5 TC offered : 19 Base +10k RSU (3 years)
TC seems to be a lowball, but that's their budget, no scope of negotiation.
Is it worth joining paypal
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Accenture, you good mate? Too much turkey?
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I’d rather quit than revise this agreement.
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Mentor
425 incoming associates …
Anyone who think KE is not a sweatshop, or every other firm is the same is simply delusional
Coach
And 155ish are going to a single NY office with ~750 attorneys.
Another 24 are going to an Austin office with fewer than 60 attorneys.
All the data is on NALP. These classes are absurdly large. The partners fucked the offices with far too many associates.
I said this last year and I’ll say it again, it reeks of poor long-term firm management. It is not “poor performance” when your hours are low because the market is slow and the people who are supposed to bring in business for you to work aren’t. Is Kirkland also labeling those partners as poor performers during an economic downturn because they aren’t bringing in business?
I am so glad I saw that toxic sweatshop for what it was during OCI.
My K&E screener interviewer quite literally spent 15 minutes of the 20-minute interview reading emails on his iPad while holding up the “just one minute” finger to me as I sat there in silence. I did not get a callback so I’m willing to accept the “jealous hater” label but I will never forget the experience.
Subject Expert
Yeah this is such a jerk move my Kirkland. Kicking people while they’re down. Wow. Just a horrible firm. Things probably won’t pick up until 2024. Can’t imagine folks finding a new spot in this market right now
Mentor
Mentor coming through.
Mentor
FYI Kirkland cut 10% of non equity attorneys back in 2019 and nobody even knew about it. It doesn't absolve doing it, but let's not pretend it's a down market move for them.
NSP?
Mentor
Lol so apparently Kirkland has been great at hiring shit associates over the last couple years. Lots of firms over hired and are now doing layoffs. But Kirkland is so strong it is the only firm that has no need to do layoffs, yet simultaneously it just happened to discover that all of its associates are shit and aren't doing their jobs right.
The lateral my firm (V15) lost to K&E was legit the worst junior I’ve ever dealt with
Kirkland really just came out and said, “No, no, no, these aren’t layoffs. These associates actually suck.” Trash behavior by the firm.
It’s only a layoff if it’s from the Layoeuff region of France, these are sparking terminations ✨
Mentor
Agreed, but when the market heats back up and firms are desperate for work, it won't really matter.
Coach
That could take a while, and it’s difficult to get back in with a large resume gap even in a hot market.
Mentor
Unfortunately for associates, they did it because it’s in their interest and they can get away with it. Seems to be their MO.
And because ignorant law students will look at Vault rankings and continue to go there no matter what.
Update, link here. Looks like Meghan Tribe at Bloomberg got the money quote.
https://news.bloomberglaw.com/business-and-practice/kirkland-ellis-lays-off-associates-across-us-offices
FFS! Tell me you don't care about your people without telling me you don't care about your people 🤦🏿♂️ If anyone is still buying their firms line that you're all one big happy family, let this disavow you do that belief.
They only care about how much money you're making them. Time to start looking out for yourself.
Hate to say it, but not all associates are as good, responsive, or invested in the job. This is true regardless of pedigree. If everyone else is working the weekend but one associate isn’t, that associate may find themselves laid off. This does not mean, however, that the attorney is not really good or will not have a very successful career. And folks who are not the best junior associate may end up being amazing senior associates, partners, or in-house counsel.
Kirkland didn’t go out of their way to smear these people. Affected lawyers told media they were laid off solely for financial reasons, media reached out to K&E for comment on the suggestion they were having financial trouble. Natural for them to respond that any separations were based on performance evaluations and not straight headcount reductions.
Update, link here. Looks like Meghan Tribe at Bloomberg got the money quote.
https://news.bloomberglaw.com/business-and-practice/kirkland-ellis-lays-off-associates-across-us-offices
Enthusiast
Kirkland next domino to fall Dewey style
While this is driven by PPP, it doesn’t surprise me that they have underperformers to cut—of our associates they hired in the past few years, none of them were stars (usually middling at best).
P1, point is that if they are firing class of 21, that's not "we took in too many laterals from Polsinelli". That's straight up layoffs.
I think this is what you meant, but the spokesperson actually *denied* layoffs, stating literally “These were not layoffs.”
Link?
How many people were laid off?
Not quite that many. Seems NSP push outs are happening differently (but don’t know what it looks like).