tux

Job Loss Thread

319 posts in this topic

I lived in the USA for seven years. I fear I will not be able to resist. I also think language changes over time, naturally.

When it comes to Americanisation (note the lack of z), its only by the illiterate gaining a foot hold.

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It's a brilliantly written ad but they are insane.

Anyone currently with the laundry list of abilities they are looking for will already be earning twice what they are offering.

A solid domestic Ops Manager possessing a proper business generalist's skill-set , plus experience in off-shore-based domestic startups, who also speaks Cantonese and is willing to relocate to New York next year?

Double it again, and probably halfway again. And then give that Business Jesus 20% of the company. And then good luck finding the one or two people who could pull that off running an ad through seek.

She writes great copy. That silicon valley seed money is wasted.

Maybe a zero is missing?

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Was it a mistake for her to give the indicated salary or was it an intended strategy? It stopped me from sending my resume to her. It would stop others. The pool of actual applicants would be minimal by being cropped from the high skills demand side and the low salary offer side. What profile will the actual applicants possess?

The New York move isn't a turn off for me. I moved from the USA to Sydney eleven years ago and I still haven't unpacked my bags.

It is a bit disappointing. I kind of want to meet her and see what her point of view is about where she can take the business after she ran into a dead end on her last attempt. It would also be interesting to find out how those venture capital circles function and what those people are like.

Edited by sydney3000

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It would also be interesting to find out how those venture capital circles function and what those people are like.

They will have your eye teeth out before you know it :)

Seriously though never go up for VC without someone that has successful done it a few times, too much unsaid stuff happens which effects their decisions and they have awesome lawyers as a rule.

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Was it a mistake for her to give the indicated salary or was it an intended strategy? It stopped me from sending my resume to her. It would stop others. The pool of actual applicants would be minimal by being cropped from the high skills demand side and the low salary offer side. What profile will the actual applicants possess?

The New York move isn't a turn off for me. I moved from the USA to Sydney eleven years ago and I still haven't unpacked my bags.

It is a bit disappointing. I kind of want to meet her and see what her point of view is about where she can take the business after she ran into a dead end on her last attempt. It would also be interesting to find out how those venture capital circles function and what those people are like.

If I was Nikki I would be offering some kind of profit sharing arrangement on top of the wage. No money up front. The applicants could at least have a logical reason for working for such a low wage with such a large skill set. I would also want such an arrangement written in blood so they couldn't stiff me further down the track when they actually started having to pay.

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Frankly I don't see how anybody but myself falls into the segment that would take such a job. I live off $250/week, am used to slumming it and satisfy about 80% of the job requirements.

I would basically ask for the $60,000 package plus living costs (at any location of my duties) including rent, food, transport, private health insurance, clothing allowance, laptop, internet and cell phone plus buy-out of my existing car if moving overseas plus the shares and to-be-decided share of any pre-tax profits and to-be-decided share of any post-tax profits and to-be-decided share of any stock distributions.

Edited by sydney3000

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Frankly I don't see how anybody but myself falls into the segment that would take such a job. I live off $250/week, am used to slumming it and satisfy about 80% of the job requirements.

People like me do it, we get our income from other sources, startups are a crap shoot; anyone banking their actual life on it is one of the founders.

I would basically ask for the $60,000 package plus living costs (at any location of my duties) including rent, food, transport, private health insurance, clothing allowance, laptop, internet and cell phone plus buy-out of my existing car if moving overseas plus the shares and to-be-decided share of any pre-tax profits and to-be-decided share of any post-tax profits and to-be-decided share of any stock distributions.

Well you won't get that obviously because you just asked for a full timers security and that is most certainly not what any start up I have worked has been about. To be honest people looking for security are not really welcome at startups in my opinion. Startups are about the risk and the hacking and so on. Security of lifestyle is a laughable idea in that context.

Anyone with enough money can start a sensible and safe company. It'll probably drown under the weight of the existing sensible and safe competition unless there is a niche which it fills. Who wants to work for one of them? may as well get a job at an existing company. I believe perpetual offers stock options to all staff for example.

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Well you won't get that obviously because you just asked for a full timers security and that is most certainly not what any start up I have worked has been about. To be honest people looking for security are not really welcome at startups in my opinion. Startups are about the risk and the hacking and so on. Security of lifestyle is a laughable idea in that context.

I don't see how my list of items is anything beyond what a mobile worker would ask for on a move that could end on the first day. The living costs need to be covered because I don't want to worry about some contractual obligations that exist because of my employer's demands on its workforce. The employer needs to pay for the mobility.

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Part time casuals earn more than what the job pays, yet the requirements are specialised senior management.

People like that rarely come through job boards! Really, even in the entrepreneurial outfits these types are referred into their jobs.

Forklift drivers would be taking a cut in pay! (and they just got a raise down at Toll)!

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People like that rarely come through job boards! Really, even in the entrepreneurial outfits these types are referred into their jobs.

That was my thought. If a VC funded this they would already have a list of management personnel with American work eligibility ready to be inserted if necessary.

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If I was Nikki I would be offering some kind of profit sharing arrangement on top of the wage. No money up front. The applicants could at least have a logical reason for working for such a low wage with such a large skill set. I would also want such an arrangement written in blood so they couldn't stiff me further down the track when they actually started having to pay.

Niki is 20 years old and appears to have worked in modeling.

notgoodbye_1.jpg

http://www.zdnet.com...ems-1339330175/

Founder of 99dresses, Nikki Durkin, has posted an apology to users following the site's closure.

(Screenshot by Luke Hopewell/ZDNet Australia)

Durkin, 20, contacted site members late last week to inform them of the site's recent hardships, which include a lack of operating capital and a botched redesign.

"2011 wasn't a very good year for 99dresses. As you may have noticed I had a lot of trouble with the technology, made a lot of mistakes and could not fix these very expensive problems.

"I really screwed up. But what can I say? I gave it my best shot and, being only 20 years old, I have learnt a lot and realised that I would have been very fortunate for it to run to plan," Durkin said in her email to members.

"This is not goodbye," the 99dresses website read, following an immediate shuttering of the online clothes swap site that had recently got itself into the lucrative Y Combinator program.

Durkin said she is working on the new version of 99dresses for relaunch as soon as possible.

"I am not giving up. I've teamed up with a friend of mine, Pete (who is a bit of a rockstar techie), to keep working on 99dresses but from a different angle," she wrote.

The new site, however, will do away with the virtual currency of "buttons" that members used to buy clothing from others.

"The main problem with 99dresses in its current form was that whilst 'buttons' are super fun to trade with they don't generate enough cash to maintain the website and admin support. So really, if we want 99dresses to continue, the buttons have to go."

Durkin is offering refunds to users still with buttons in their account, or said users can choose to have their virtual currency rolled over into the new version of the 99dresses site into what's being re-branded as "closet credit".

What sort of number were you thinking of wearing, Syd, when applying for the job?

n4fdd4e5deffe7_large.jpg

I would want to apply for this role but I would only do so if I was fired on Monday.

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I don't see how my list of items is anything beyond what a mobile worker would ask for on a move that could end on the first day. The living costs need to be covered because I don't want to worry about some contractual obligations that exist because of my employer's demands on its workforce. The employer needs to pay for the mobility.

I think you are missing the difference between an established company with cash flow and a startup. Very few startups could afford to give you what you asked for in that list, that's why they are hunting vc cash.

Which is why I said that most people with serious skills working at startups have an independent source of their living money, either a different job or cash from previous successful startups or whatever. They are there for the ones that make it because when they make it you get buckets of cash but, if they have any experience, they know that the vast majority of startups fizzle.

Also a lot of them are there because of the challenges involved. Most startups I have worked at I have had 3 or 4 hats and it is pretty much expected that _any_ problem that comes along I will be able to help solve it, even problems which are way outside my very specific professional skillset. Basically I enjoy the startups because I get to play with stuff that no established business in their right mind would let me near. Keeps the brain ticking over and provides some excitement in life.

Someone looking for stability and reliable income is not a usual mindset for a startup, the list you provided indicates a mindset looking for security. To use a popular buzz phrase "you have no skin in the game so why would you kill yourself to keep this thing afloat?".

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To use a popular buzz phrase "you have no skin in the game so why would you kill yourself to keep this thing afloat?".

I think that's the point. If you weren't a partner/director then why bother with such a lower salary?

Edited by Mr Medved

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I think that's the point. If you weren't a partner/director then why bother with such a lower salary?

Options. That is how the partners / directors make their money out of it too. They are generally not drawing a salary / fees. There is no money to pay them with.

It is pretty basic:

  • a startup has no money that's why they need vc
  • if there is no money only the really cheap people get paid
  • the cheap people offer nothing outside of basic skills
  • if the startup works the cheap people get nothing more (generally)

As far as I am aware the only reason for any salary at all with a startup is so that it is a legitimate business enterprise for tax reasons.

But I suck arse at taxes so could be wrong there.

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I think you are missing the difference between an established company with cash flow and a startup. Very few startups could afford to give you what you asked for in that list, that's why they are hunting vc cash.

If I come up with this list on an average salary imagine what the list would be like from somebody who meets all criteria. No $120K+ manager is going to throw in their job for this engagement. I believe the cut-off would be at about $80K which is where my list comes approximately in at.

The ad is asking for a loony and there are only a few as crazy as I am.

Edited by sydney3000

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Niki is 20 years old and appears to have worked in modeling.

notgoodbye_1.jpg

OK - not too much in common then!

I did have a brief stint in the fashion industry though. Mainly it was putting coat hangers on clothes, re-badging labels on cheap vietnamese crap and getting paid $20 per 1000 tie dye t-shirts. The qualified girls (seamstress/designers) I worked with weren't paid much more than I.

The point is it's a bit like rock and roll. The dream is having your own label. The girls seemed to accept the low wages as a trade off for experience in the industry. The ones I know have advanced and do buying for large retailers etc. It's just another business at the end of the day. I suspect the job is actually an entry level position for a young fast talking risk taker that can blag their way through the criteria.

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Wong unveils more cuts

As expected.

The federal bureaucracy will tighten its belt even further as a result of extra spending cuts outlined this morning.

However, the latest crackdown will exclude the Defence Department, which has again received a reprieve.

Finance Minister Penny Wong and Public Service Minister Gary Gray announced the government would strip another $550 million from its agencies over the current four-year budget cycle, on top of the 4 per cent efficiency dividend that public servants are presently struggling to meet.

The pair said the latest cuts "would not come from targeting jobs". However, some Australian Public Service workplaces are likely to have few alternatives left but to shed more staff.

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Govt job vacancies crash

ACT has the only Business Council in Australia that encourages public sector employment. :P

Government job vacancies in Canberra have crashed to their lowest level in almost 15 years, the Bureau of Statistics says.

The bureau's report, released yesterday, shows there were about 900 public sector positions available in the ACT in mid-August.

It was the first time the number of government employment opportunities fell below 1000 since May 1998, when the Howard government was in the midst of retrenching tens of thousands of staff.

The ACT's public sector job vacancies have trended downwards since May last year, when they hit a peak of 1900.

Canberra Business Council chief executive Chris Faulks said the job results were unsurprising given the federal government's efforts to return the budget to surplus.

"They're not necessarily sacking people, but they're obviously not recruiting and they're not replacing staff," she said.

"They're also cutting back on the procurement of goods and services from the private sector, which is a great concern for Canberra."

The bureau's survey said the number of private sector job vacancies in the ACT rose from 3600 to 3800 between May and August this year.

However, Ms Faulks said it was likely Canberra businesses would suffer the repercussions of the bureaucracy's spending cuts in coming quarters.

"To take $550 million effectively out of goods and services will deeply affect industries in Canberra that provide those services – it will just take a little while to filter through."

Nationally, the number of job vacancies rose by 4.2 per cent, from 172,100 in May to 179,300 recorded in August.

All of the employment growth was in the private sector; public sector vacancies fell 12.9 per cent Australia-wide.

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Ran into an architect friend on the weekend. Said that business is very, very quiet and he's looking around for another job. Apparently it is very hit and miss, some architects are busy and others have no work. The company he works for has downsized from about 15 to 2.

He also mentioned a legal firm he knew people at who recently let go of 160 staff (out of around 900).

Edited by Mr Medved

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I just did a quick search of news articles over the past month.

There seem to be a lot of significant size companies cutting staff. There is always a flow on to the small business sector.

IBM - 1500

IBM

Simplot - 300+

Simplot

Peabody - 400 + Contractors.

Peabody

QRC - 7000 lost in the last year.

Coal Mining Jobs

UGL - 600

UGL - Rail Manufacturing Jobs

The Australian - 10,000 lost in mining since last year.

The Australian - Mining Jobs

Target - :huh:

Target

Western Australia Government - 1000

WA Government

And that's not counting the Car Industry, the hospitality industry and the health, education and community services sectors in Qld and NSW.

I haven't seen this level of job cutting since 1983 & 1991.

Seriously - the politicians must think we're dumb.

Is this the recession you have when you're not having a recession??

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First day of self-imposed unemployment. If the job don't fit you must quit. Feeling good. High on tiger blood. =)

It's a mad world we live in I tell you.

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First day of self-imposed unemployment. If the job don't fit you must quit. Feeling good. High on tiger blood. =)

It's a mad world we live in I tell you.

The temptation to follow you is overwhelming. But I still have mouths to feed! sad.gif

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First day of self-imposed unemployment. If the job don't fit you must quit. Feeling good. High on tiger blood. =)

It's a mad world we live in I tell you.

Congrats Sydney. It must take a lot of self confidence to leave a job without another lined up?

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Congrats Sydney. It must take a lot of self confidence to leave a job without another lined up?

Or no debt millstone. :)

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