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Uber's Silicon Valley Employees May Be Looking to Jump Ship (fortune.com)

Some San Francisco-based recruiters and executives at Uber's rival companies told the Financial Times in a Monday article that the number of Uber employees looking to leave the ride-sharing company has spiked. From a report: "One of the main reasons is lack of faith in senior leadership," one unnamed recruiter that previously worked with Uber told the FT. The news comes as the company weathers waves of criticism regarding its leadership, political stance, and internal culture. An Uber spokesperson told the FT that its current level of departures has been normal.

92 comments

  1. Remember when they poached Carnegie Mellon? by Anonymous Coward · · Score: 0

    I hope those paychecks come with a side of regret. Their colleagues at the university are probably less than enthusiastic to take them back.

    1. Re:Remember when they poached Carnegie Mellon? by HornWumpus · · Score: 4, Insightful

      Poached? Does your boss own you? Have special rights?

      Servile weasel.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    2. Re:Remember when they poached Carnegie Mellon? by Anonymous Coward · · Score: 5, Funny

      Poached? Does your boss own you? Have special rights?

      Servile weasel.

      Well, it beats being scrambled or fried, right?

    3. Re:Remember when they poached Carnegie Mellon? by LynnwoodRooster · · Score: 1

      But NOT baked...:)

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    4. Re: Remember when they poached Carnegie Mellon? by Type44Q · · Score: 1

      Nope; I do, however, remember Carnegie selling the fuck out.

    5. Re:Remember when they poached Carnegie Mellon? by Anonymous Coward · · Score: 0

      Hurry! Leave quickly and it'll be over easy.

      *ducks*

    6. Re:Remember when they poached Carnegie Mellon? by monkeyzoo · · Score: 1

      Really? Another story about Uber not being a paradise of capitalism and unicorns?
      I never could have seen it coming that they were an evil company with evil leadership. Oh wait, unless I'd read anything about them in the last two years...
      http://observer.com/2016/02/ub...

    7. Re:Remember when they poached Carnegie Mellon? by Anonymous Coward · · Score: 0

      you are a god damn faggot

  2. Jump ship? by DontBeAMoran · · Score: 5, Funny

    Wait, Uber has boats now?

    --
    #DeleteFacebook
    1. Re:Jump ship? by willworkforbeer · · Score: 5, Funny

      U-Boater

      --
      Pretending this is my office full of bitter coworkers..
    2. Re:Jump ship? by Sebby · · Score: 2

      Yes, it's the parent company of U-Boat

      --

      AC comments get piped to /dev/null
    3. Re:Jump ship? by TWX · · Score: 1

      Uberseeboot, would that be a flying boat?

      --
      Do not look into laser with remaining eye.
    4. Re:Jump ship? by 140Mandak262Jamuna · · Score: 1
      Ola has boats.

      When Chennai, India was hit with unexpected rain and a reservoir breached flooding the city, Ola drivers operated rescue service using boats.

      --
      sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
  3. My nose smells BS by Anonymous Coward · · Score: 2, Informative

    You don't leave a 6 figure job because of "lack of confidence in management." You just don't. You milk that puppy until it's dry. Plus, at the end of the day Uber is already profitable in the US. They are bleeding money competing for market share in Europe and China. The whole "profitable in the US" thing escapes the headlines but the are making bank here and they will outside the US too once the market share fight is over.

    1. Re:My nose smells BS by HockeyPuck · · Score: 4, Funny

      I thought every job in the silicon valley was a six figure job...

    2. Re:My nose smells BS by meta-monkey · · Score: 4, Insightful

      You do if you can get another comparable job elsewhere that doesn't have the drama currently swirling around Uber.

      Regardless of whether it's deserved or not, the media is currently dogpiling Uber. If you're super-committed to the organization and business model, sure, stick around. But if you're just after a paycheck, might as well try to find one that doesn't have a huge target from regulators and the media on its back.

      --
      We don't have a state-run media we have a media-run state.
    3. Re:My nose smells BS by ranton · · Score: 1

      You don't leave a 6 figure job because of "lack of confidence in management." You just don't.

      LOL. Your post makes it sound like a 6 figure software developer job is rare. My 6 figure job certainly wouldn't make me stick around if I lost confidence in management. Perhaps if I had some hyper-inflated $300k+ salary position I would stick around on a sinking ship, but $125k-$150k developer jobs grow on trees for anyone skilled enough to deserve that pay level. (even in the Midwest suburbs, not just SV)

      --
      -- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
    4. Re:My nose smells BS by HornWumpus · · Score: 5, Insightful

      You haven't been around much have you?

      Six figures ain't much in the city these days. But senior people _do_ leave because they see trainwrecks coming, sometimes they are right, sometimes they're just butt hurt over something else and being stupid.

      If you're working someplace and all the most senior operations people 'step back to spend more time with family' at the same time. Get ready, cause shit is coming.

      The best time to look for a job is when you have one.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    5. Re:My nose smells BS by Anonymous Coward · · Score: 0

      Maybe you wouldn't, but I have done this multiple times. 6 figures in the bay area is entry level.

    6. Re:My nose smells BS by Anonymous Coward · · Score: 2, Interesting

      You don't leave a 6 figure job because of "lack of confidence in management." You just don't. You milk that puppy until it's dry.

      If you're good enough to command a 6-figure job, then you're good enough to make it fairly easy to find an alternative employer if you don't like your current one. And anyway, what's being reported here is a desire to move jobs, not actual movement.

      Plus, at the end of the day Uber is already profitable in the US. They are bleeding money competing for market share in Europe and China. The whole "profitable in the US" thing escapes the headlines but the are making bank here and they will outside the US too once the market share fight is over.

      Profitability has nothing to do with it. The "lack of faith in leadership" that is being referred to is not about whether its profitable or not; it's about the repeated and on-going ethics issues that are coming out of the company.

      But since you raised profitability, the counter argument should be obvious: Uber is pouring all its money into self-driving technologies. That's how it sees its future, and it's right -- without that, Uber will always be just a taxi company with dodgy employment practices.

      But Google has launched a suit against them claiming that they stole the technology. That suit basically screws Uber and makes them irrelevant, no matter what happens. Google clearly believe they have a strong case, but Uber are screwed even if Google don't win.

      Law suits like this can take a decade or more to meander through the court system. The stakes for both parties are too high for either to admit defeat, so no matter who is winning, there will be endless appeals. And until it's resolved, Uber will be seen as a thief. Whether that's fair or not is ultimately up to the courts to decide, but the reputation they've built up of being amoral and arrogant makes the claim very easy to believe, so the mud sticks.

      The problem for Uber is that all the time they're fighting this case, it distracts them from actually developing the technology. By the time the case is resolved, assuming it goes in their favour and they manage to catch up, they will already have lost the race to market.

      Google has put them in a position from which they cannot win.

    7. Re:My nose smells BS by HornWumpus · · Score: 4, Interesting

      It all comes down to options vest date. If you options won't vest till after the company is sure to be dead and gone, their is no more bet to be made. Strike price matters too, but if you aren't going to get near to vesting for another 3 years, and you know it's a house of cards run by clowns? (I don't know this, just supposing.)

      Best bet might be to move along in a nice orderly fashion, before Uber becomes a resume stain.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    8. Re:My nose smells BS by Anonymous Coward · · Score: 1

      We are attempting to fix that giant disparity in skills versus salary that you mention using the H1-B program but are being fought at every step. However we are confident the the free market will ultimately fix the imbalance and the payment of executive level salaries for mere coders will become a thing of the past under the new administration.

    9. Re:My nose smells BS by real+gumby · · Score: 1

      Uber is in San Francisco, not in the Valley.

    10. Re:My nose smells BS by Anonymous Coward · · Score: 0

      You don't leave a 6 figure job because of "lack of confidence in management." You just don't. You milk that puppy until it's dry.

      Maybe YOU don't. Plenty of people - for whom a 6-figure job is not particularly noteworthy, because they've made 6-figures at every job they've held over the last 10 years - would be more than happy to work at a company that doesn't have a huge target painted on its back, and a reputation for an abusive wild-west culture.

      Go read up on the "Dead Sea Effect" (http://brucefwebster.com/2008/04/11/the-wetware-crisis-the-dead-sea-effect/) sometime. "Milking that puppy until it's dry" is a great way to end up in a dead-end in a moribund engineering organization. If you're valuable and talented, landing a 6-figure job somewhere where you have more faith in your C-level capabilities is a no-brainer. Sticking around for a few extra bucks you could easily earn elsewhere is a great way to become part of the unhireable toxic sludge that's left behind.

    11. Re:My nose smells BS by edtice1559 · · Score: 1

      I am probably the most anti-Trump person out there and there is pretty stiff competition. But I have no idea how you could blame the current administration for H1-B related issues. It's one area where the current administration has actually identified a problem and proposed a reasonable solution. H1-Bs go to those willing to pay the highest salaries. I can't believe this hasn't been proposed before.

    12. Re:My nose smells BS by Anonymous Coward · · Score: 0

      It's not clear if the internal employees are valued similarly to the drivers or higher. It's likely that the stock options of Uber are 1% slanted in a way rarely seen even for Silicon Valley (peanuts vs. billions).

    13. Re:My nose smells BS by luis_a_espinal · · Score: 1

      Uber is in San Francisco, not in the Valley.

      For most of us outside of the region, the terms are use interchangeably, regardless of geographical correctness. It's just a good moniker to describe the entire job market in the region.

    14. Re:My nose smells BS by luis_a_espinal · · Score: 1

      If you're working someplace and all the most senior operations people 'step back to spend more time with family' at the same time. Get ready, cause shit is coming.

      Quoted for eternity.

      The best time to look for a job is when you have one.

      Also, quoted for eternity.

    15. Re: My nose smells BS by real+gumby · · Score: 1

      I understand the misuse but the places are culturally distinct. Even the few VCs with presence in both hire different kinds of people for their offices.

      I remember talking with a taxi driver in Berlin who felt he knew the USA very well -- because he'd been to Miami six times. It's a cognitive bias I'm sure I suffer from too, but it doesn't mean it isn't worth correcting.

    16. Re:My nose smells BS by tazan · · Score: 1

      It's a lot easy to get a 6 figure job if you already have a 6 figure job. Getting one when you've just been laid off is a lot harder. You have to protect that. My resumes go out the first time I don't get a bonus.

    17. Re:My nose smells BS by epine · · Score: 1

      Uber is in San Francisco, not in the Valley.

      There's a word for this. It's called "conurbation". Practice saying this out loud three times every morning in front of the bathroom mirror and I promise you that this small ritual will cure your pedanticism in record time.

    18. Re:My nose smells BS by Anonymous Coward · · Score: 0

      Quoted for eternity.

      I think the word you’re looking for is “posterity.”

    19. Re:My nose smells BS by dj245 · · Score: 2

      You don't leave a 6 figure job because of "lack of confidence in management." You just don't.

      Well, you're wrong. I have done exactly this.

      I left Toshiba more than 5 years ago. My job wasn't difficult, the pay was good, and my immediate supervisor and coworkers were OK to deal with. However, even back then, it was clear that at higher levels, they were making a lot of bad deals that looked good in the short term, but were not good in the long term. They also were transferring power from proven, profitable departments, to recent acquisitions that were questionably run. The only surprise to me about their recent financial problems is how long it has taken for these to come to fruition.

      When one sees that a company's future viability is questionable, the choice to leave is not difficult. "Lack of confidence in management" doesn't fully describe all the factors considered when one leaves a company under such circumstances.

      --
      Even those who arrange and design shrubberies are under considerable economic stress at this period in history.
    20. Re:My nose smells BS by jareth-0205 · · Score: 1

      You don't leave a 6 figure job because of "lack of confidence in management." You just don't. You milk that puppy until it's dry. Plus, at the end of the day Uber is already profitable in the US. They are bleeding money competing for market share in Europe and China. The whole "profitable in the US" thing escapes the headlines but the are making bank here and they will outside the US too once the market share fight is over.

      Having been on one of these (in dollars atleast) and had the company collapse underneath me. They didn't pay November's salary, and then try getting job mid-way through December when it became clear that there was no continuing. A six-figure salary that is missing 2/12 is no longer that attractive.

    21. Re:My nose smells BS by Anonymous Coward · · Score: 0

      $100K means you can afford to live in your car in Silicon Valley.

      Silicon Valley does not believe in giving out raises.

    22. Re:My nose smells BS by painandgreed · · Score: 1

      You don't leave a 6 figure job because of "lack of confidence in management." You just don't.

      Right. You use it to pad your resume and get a better 6 figure job. That other job may be better because it has more pay, works you less hours, a better team you get along with, or better long term prospects in stability or even better management. It all differs from person to person, and it will be easier to find a new job coming from a still functional company that has public reasons known for wanting to leave.

    23. Re:My nose smells BS by HornWumpus · · Score: 1

      I am probably the most anti-Trump person out there

      Far too coherent, seem somewhat rational. No, you are not.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    24. Re: My nose smells BS by Anonymous Coward · · Score: 0

      You're doing it wrong. You get out first, before it sinks. If you're still with a sinking ship, when it comes to find a new job, you look like you were the leftover shit.

      Taken from experience, the ones that left first make much more money and have had a nicer work environment than sinking ship did.

  4. Leave San Francisco by DatbeDank · · Score: 1, Insightful

    There are several thousand engineers in places outside of silly con valley that would love to work for a company like Uber all while not particularly caring about the BS social justice crap.

    1. Re:Leave San Francisco by Anonymous Coward · · Score: 0

      while not particularly caring about the BS social justice crap.

      and they'll all die in a fucking fire

    2. Re:Leave San Francisco by mlw4428 · · Score: 3, Insightful

      Ah yes, because sexism in the workplace is just "BS". This is literally what a lot of former-Uber female engineers tend to comment on happening. If it were one or two, okay sure, but it's the vast majority of them. Here I thought intelligent professions like programming didn't have to care about who you were, looked like, smelled like, or anything else so long as you could write GOOD code. And the expectation of politeness is inherent to any business environment - so you can get over that.

    3. Re:Leave San Francisco by Anonymous Coward · · Score: 0

      There are also several thousand criminals outside of the Bay area that would love to steal while not particularly caring about the US legal system's BS.

      Tons of folks without morals or ethics in this world. Doesn't make a single one of them right.

    4. Re:Leave San Francisco by Anonymous Coward · · Score: 1

      Works for me! All the brogrammer-shitheads can move to Montana or whatever, non-sociopathic adults can have San Francisco back, and I only have to ignore head hunters from one company.

    5. Re:Leave San Francisco by Anonymous Coward · · Score: 2, Insightful

      Depends on the company/team. I for one would not care if one of my devs was a literal Silent Hill monster as long as it wrote good code with proper unit tests.

    6. Re:Leave San Francisco by Anonymous Coward · · Score: 0

      I thought intelligent professions like programming didn't have to care about who you were, looked like, smelled like, or anything else so long as you could write GOOD code.

      They don't ... of themselves. When you impose external requirements that new hires must meet certain "diversity" criteria, then you get racial and sexual discrimination. But it's discrimination against white males, so I guess it's okay?

    7. Re:Leave San Francisco by chispito · · Score: 1

      This is literally what a lot of former-Uber female engineers tend to comment on happening. If it were one or two, okay sure, but it's the vast majority of them.

      You're all over the place.

      literally
      a lot
      tend to comment
      the vast majority

      Please make up your mind and then tell us exactly what your allegations are and cite your source(s). I see a few genuinely alarming stories about Uber and a lot of rehashed hearsay being pushed to the front page--mostly by msmash.

      --
      The Daddy casts sleep on the Baby. The Baby resists!
    8. Re:Leave San Francisco by Anonymous Coward · · Score: 0

      Those grouping of words is not all over the place. I suggest learning basic grammar before making such assertions.

    9. Re:Leave San Francisco by Anonymous Coward · · Score: 0, Funny

      But it's discrimination against white males, so I guess it's okay?

      When will the poor, downtrodden, white male finally get his due? For centuries, white males have been abused and oppressed by non-whites and females. Oh, how they've suffered. I hope the non-white matriarchy that rules this world can finally be smashed!

    10. Re:Leave San Francisco by Anonymous Coward · · Score: 0

      I for one applied twice to them in the past year.

      'not a fit'.

      I still would love to work there. As well... no job.

      100+ resumes. 5 onsite interviews... 'not a fit'. Is basically 'you cost too much' or I say something that they dont want to hear. Then they turn around and fill it with an h1b for the same amount. I have 20+ exp seen tech stacks come and go. But I 'dont fit'. I went from recruiters blowing my phone up 2-3 times a week. To begging recruiters to call me.

    11. Re:Leave San Francisco by Anonymous Coward · · Score: 0

      Why you want to hurt Montana? It such a beautiful state :-)

    12. Re:Leave San Francisco by chaboud · · Score: 1

      There may be several thousand scattered around, but the concentration of competence is high in the Bay Area. It's why companies continue to sprout up in Silicon Valley, hire the best, do well, make a fortune, etc.

      There's value to setting up shop in other places, but they're still likely to be areas of concentration of skills. There are smart people doing great work in Seattle, Boston, Las Vegas, Raleigh, Fairfax, etc. But you're going to have to work a little harder to grow a little slower. It's even harder in Madison, New Orleans, Boise, Albany, etc. There are great engineers all over the place, but there are vast networks of engineers at the ready in the Bay Area.

      In the Bay Area, companies can hire aggressively and move quickly. For any game with a big first-mover advantage, it's a smart place to play.

      If I had a problem t-shirt-sized to 100-200 people, I'd be reluctant to start cranking on it anywhere else.

    13. Re:Leave San Francisco by johanw · · Score: 1

      We're working on it. For a start, we've just elected a president that doesn't care about SJW issues and just grabs woman at the pussy.

    14. Re:Leave San Francisco by johanw · · Score: 1

      Ethical and lawfull are not equal.

    15. Re:Leave San Francisco by Frosty+Piss · · Score: 1

      That grouping of words is all over the place. I suggest learning basic grammar before making such assertions.

      --
      If you want news from today, you have to come back tomorrow.
    16. Re:Leave San Francisco by Anonymous Coward · · Score: 0

      ALL YOU SJW ARE MINE!

    17. Re:Leave San Francisco by Anonymous Coward · · Score: 0

      If I had a problem t-shirt-sized to 100-200 people, I'd be reluctant to start cranking on it anywhere else.

      Is that paki speak? It doesn't make any sense.

    18. Re: Leave San Francisco by Type44Q · · Score: 1
      The vast majority experienced sexual harassment? Let me tell you something about the fucked-up mental state of the population: half of 'em - men or women - would love nothing more than to be able to draw that kind of attention.

      No, reality doesn't necessarily subscribe to your delusional narrative.

    19. Re:Leave San Francisco by serviscope_minor · · Score: 1

      I for one would not care if one of my devs was a literal Silent Hill monster as long as it wrote good code with proper unit tests.

      Well, that's an awfully good way to end up with only one dev left. Would you not care if you couldn't keep more than the silent hill monster on your team?

      --
      SJW n. One who posts facts.
    20. Re:Leave San Francisco by Anonymous Coward · · Score: 2, Insightful

      He believes that flyover country is full of shitheads, and that he represents the "non-sociopathic adults* of San Francisco.

    21. Re:Leave San Francisco by Grishnakh · · Score: 1

      I agree completely. It is wrong to make such a comment about Montana, or any other state in that part of the country IMO.

      Instead, the "brogrammer-shitheads" should be sent to Mississippi. They'd fit in just great there. Alabama is probably also a great destination for them.

    22. Re:Leave San Francisco by Anonymous Coward · · Score: 0

      you are a fucking faggot

    23. Re: Leave San Francisco by Anonymous Coward · · Score: 0

      If the concentration of talent is there, why do companies there advertise globally for staff?

  5. the ride never ends by Anonymous Coward · · Score: 0

    all uber, all the time

  6. Tech bashing, not gossip by s.petry · · Score: 1

    Uber is the new favorite whipping boy. IBM, Microsoft, Google, HP, they have all had their time in the mud too.

    --

    -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

    1. Re: Tech bashing, not gossip by Type44Q · · Score: 1

      Their competition never came across as this desperate.

    2. Re: Tech bashing, not gossip by s.petry · · Score: 1

      You are either too new here, didn't pay attention then, or simply forgot.

      --

      -The wise argue that there are few absolutes, the fool argues that there are no probabilities.

  7. Good by Anonymous Coward · · Score: 0

    Let them die. They are a discusting company, run by a discusting man.

  8. drivers better get out be for they go down and the by Joe_Dragon · · Score: 1

    drivers better get out be for they go down and they end losing all they own when the uber insurance becomes useless

  9. It always has been. by abulafia · · Score: 2

    You're just getting old and grumpy, like me.

    --
    I forget what 8 was for.
  10. Typical spin by quonset · · Score: 1

    An Uber spokesperson told the FT that its current level of departures has been normal.

    Sure, the levels are normal now, but that is not what the article, and recruiters, are saying. From the article:

    the number of Uber employees looking to leave the ride-sharing company has spiked.

    That means in the future departures should spike accordingly. Just because the Uber Cab Company doesn't see an issue now only means they aren't looking.

  11. Normal top-of-bubble job hopping? by ErichTheRed · · Score: 5, Insightful

    This will be my second dotcom bubble, and just like the first I'm working in a non-startup company watching on the sidelines. One thing I noticed about last bubble is that towards the end, people were hopping jobs every 3 to 6 months to try to maximize their salary. If you could spell HTML and CSS back then, or were a reasonably skilled sysadmin, you could hop from startup to startup for 10 or 20% salary bumps just because there was so much of a frenzy.

    I guess my question is whether this is normal job hopping or whether people don't want to be associated with Uber given their bad press. Based on reports from colleagues and acquaintances who've worked at startups, all of them have insane cultures so I doubt they're jumping for better working conditions. If they do make it to self-driving cars before the startup bubble pops, and fire all their employees^Windependent contractors, they'll have a near monopoly on phone-initiated taxi service since they're basically giving away rides to boost name recognition.

    Unlike most /.ers, I'm inclined to believe some of the allegations about sexism and harassment in these startups. Most don't really have HR departments in the traditional big-company sense -- every big company I've worked for has just said "zero tolerance" and fired anyone involved. Startups work people in insane working conditions, grueling hours and close quarters; I'm sure a lot of employees don't really interact with people outside the company for much of their waking hours, which could definitely lead to "interpersonal issues." And I know anecdote != data, but most inappropriate behavior I've noticed in my career has been in salesy/marketing types -- those slimy middle aged guys leering at younger women that you hope you don't get stuck with when doing engineering work at a customer site. SV startups don't have tons of hardcore "nerds" -- most are just using app SDKs and JavaScript frameworks to write the majority of their code, and so they might trend to the extroverted side of the spectrum more than a heads-down coder working on C++ for an embedded IoT thingy. I hate to use the "brogrammer" stereotype, but I have seen it and while it's not generally true, it exists.

    1. Re:Normal top-of-bubble job hopping? by Anonymous Coward · · Score: 0

      Every place I have ever worked has your "brogammer" attitude. I started as a UNIX engineer back out of school and moved into what they now call "devops" back in the mid 00s. Never were women welcomed, seen as equals, paid equally, whatever. And this is ultra-liberal Northern Virginia, immediately outside of Washington, D.C.

      I've worked with some smart women, but the men around them are usually douchebags, babying them, thinking they "need" help, whatever. Women are not attracted to IT because of the macho image, and the women that do arrive and stay, there are not enough of them to make a difference for other women. I had a female team lead from Ethiopia once. Other than the broken English in her speech, she was as qualified as anyone else at her level.

      My own wife holds a doctorate and is likely smarter than 99% of the men around her, but she keeps her own council and quietly makes almost double what they do.

    2. Re:Normal top-of-bubble job hopping? by Anonymous Coward · · Score: 0

      IT and "macho" don't go together. What planet do YOU live on?

    3. Re:Normal top-of-bubble job hopping? by phantomfive · · Score: 1

      but most inappropriate behavior I've noticed in my career has been in salesy/marketing types

      Yeah. There might be sexism among programmers, but it's a rounding error compared to what sales teams do.

      --
      "First they came for the slanderers and i said nothing."
    4. Re:Normal top-of-bubble job hopping? by Anonymous Coward · · Score: 0

      This will be my second dotcom bubble, and just like the first I'm working in a non-startup company watching on the sidelines. One thing I noticed about last bubble is that towards the end, people were hopping jobs every 3 to 6 months to try to maximize their salary. If you could spell HTML and CSS back then, or were a reasonably skilled sysadmin, you could hop from startup to startup for 10 or 20% salary bumps just because there was so much of a frenzy.

      What I always wonder about people who job-hop so much is that how long before it backfires on them and they are simply seen as overpriced for their experience level?

    5. Re:Normal top-of-bubble job hopping? by TJ_Phazerhacki · · Score: 1
      Job hopping for better pay is a result of the system working against people who stay in the same role for 2+ years, not a function of the bubble itself. The bubble just makes it easier, because companies are more aggressive with acquisition than with retention. When the bubble pops, the excess funding is shut off, and if you're lucky, you stick wherever you land until it heats up again. Right now, it's super dangerous to potentially end up stuck in a former-unicorn that is on a downward swing.

      What's more interesting is the long-term compensation of the people that are leaving. If we're talking rank-and-file salaried types, then it could be trying to avoid the short-term stigma (think HP post-Fiorina days.) If they stand to make reasonable $$$ in the near future from options, but are still jumping ship for better cash upfront (or in some cases even taking a slight loss) it's a pretty strong sign that the ship is already filling with water and going down, and the alarm bells haven't rung yet to get everyone else off.

      --
      Physics is nothing like religion. If it was, we'd have an easier time trying to raise money!
    6. Re:Normal top-of-bubble job hopping? by Grishnakh · · Score: 1

      And this is ultra-liberal Northern Virginia, immediately outside of Washington, D.C.

      What planet are you on? NoVA is not "ultra-liberal" by any measure. The biggest tech industry there is most likely defense, and there's nothing about defense that screams "liberal". There are indeed a bunch of liberals inside DC proper, but DC itself is a somewhat small part of the DC metro area. There's some other pockets of liberalism, like downtown Alexandria, but overall NoVA is a fairly conservative place, though not in the red-state way as it votes reliably Democratic (which is a center-right party remember). But any place that's basically a giant suburb with never-ending strip malls and McMansions cannot truthfully be labeled "ultra-liberal"; that's just ridiculous.

      Women are not attracted to IT because of the macho image

      Here again you're throwing around totally wrong terms. There's nothing "macho" about IT. What planet are you on? Construction is "macho", special forces in the military is "macho", etc. IT is not. It might be full of a bunch of sexist brogrammers, but that doesn't make it "macho". You could say it has a reputation for being filled with sexist douchebag assholes I guess, but that is not "macho".

    7. Re:Normal top-of-bubble job hopping? by Anonymous Coward · · Score: 0

      I'll have you know, I sometimes wear hiking boots at work. I'm prepared if there is ever a wolverine in the wiring closet.

    8. Re:Normal top-of-bubble job hopping? by Grishnakh · · Score: 1

      I wear hiking boots at work all the time. There's nothing "macho" about modern hiking boots. These aren't Timberlands or steel-toed work boots; modern hiking boots are high-performance footwear, both lightweight and water-resistant, with tread optimized for very rough terrain. Also, there's a difference between hiking boots and backpacking boots (the latter is heavier and sturdier, with tread not as good for rock-hopping). Finally, there's nothing at all macho about the purple-trimmed hiking boots that women wear.

  12. Their #1 complaint by Anonymous Coward · · Score: 0

    It takes forever just to find a taxi in this damn town!

    1. Re:Their #1 complaint by Anonymous Coward · · Score: 0

      That and the arm growing out of your back.

  13. Alternative Facts by Comboman · · Score: 1

    Plus, at the end of the day Uber is already profitable in the US. They are bleeding money competing for market share in Europe and China. The whole "profitable in the US" thing escapes the headlines but the are making bank here and they will outside the US too once the market share fight is over.

    It escapes the headlines for the same reason the Bowling Green Massacre escapes the headlines; it just isn't true. Uber loses money in every major market they operate in. There are only two possible paths to profitability: 1) replace drivers (Uber's main cost) with self-driving cars (something which will not be as cheap or happen as fast as Uber imagines) or 2) continue losing money until its competitors are forced out of business and they can raise prices. At this point Uber (and more importantly its investors) are like gamblers at the blackjack table who double their bet every time they lose. They'll eventually either win big or run out of money, but my bet is on the house.

    --
    Support Right To Repair Legislation.
    1. Re: Alternative Facts by Type44Q · · Score: 1

      Don't be a fucking idiot: Uber's core business generates shit-tons of profit; they're just choose to invest it aggressively (something they can presumably choose to stop doing at any point).

    2. Re: Alternative Facts by jeremyp · · Score: 1

      No it doesn't. Uber's business model simply doesn't work. Uber is a company that drives people from A to B for money. There is no fundamental reason why they should be able to do it cheaper than other taxi companies, at least not if they are doing it legally. There's no disruptive technology here, there's just a taxi hailing app.

      --
      All I want is a secure system where it's easy to do anything I want. Is that too much to ask ~~ Randall Munroe
    3. Re: Alternative Facts by HornWumpus · · Score: 1

      Traditional taxis came up with a legalistic definition of taxi. For hire cars that can be hailed on the street.

      A hailing app (especially one that works better than physically sticking you hand in the air) breaks the old regulatory model. Uber's aren't taxis, because of how taxi is legally defined.

      Which still doesn't make Uber a particularly valuable company. It's still a competitive business and is going to have tight margins by its nature.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    4. Re: Alternative Facts by Anonymous Coward · · Score: 0

      Prior to apps you could use a phone to call a private hire taxi whilst you were in the street. An app makes it somewhat more convenient but does not alter the regulatory Framework. Other companies have apps, even local ones and these days it probably isn't hard for a metro area taxi firm to create one and hire some tech guys to spin up the infrastructure in the cloud. It means Uber needs to have sufficient entrenchment quickly, which is probably the reason for the VC burn, and it's possible that it may work.

    5. Re: Alternative Facts by HornWumpus · · Score: 1

      No barriers to entry. Uber will never be able to cash out, the second they try, Lyft (or some other local version) undercuts them.

      The fact drivers can work on all these services simultaneously, means they will drive for the service with the highest payments while customers hire the service with lowest rates.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
  14. Uber worried? by Gordo_1 · · Score: 1

    Uh, we had a slight weapons malfunction, but uh... everything's perfectly all right now. We're fine. We're all fine here now, thank you. How are you?

  15. Be careful of IP rights by SeattleLawGuy · · Score: 1

    Depends on the company/team. I for one would not care if one of my devs was a literal Silent Hill monster as long as it wrote good code with proper unit tests.

    Be careful of IP rights and assignments. The Due Process clause has not been explicitly extended to literal Silent Hill monsters yet and I do not believe there has been litigation in any jurisdiction establishing their right to be treated as persons for purposes of the takings clause or to sign legal documents as they might need to do when applying for a patent or assigning one to your company. That being said, state laws vary considerably and monsters have greater rights in some states than they do in others.

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    Real lawyers write in C++
  16. good by Anonymous Coward · · Score: 0

    Jettison the libtards, I'll take a job at Uber. I've a feeling this too shall pass.