Silicon Valley engineers joked you'd go to LinkedIn to retire. Then came the PIPs and layoffs. - Business Insider | What fourth-quarter earnings are telling us about Wall Street's hiring plans as Citi takes aim at 20,000 jobs - Business Insider | Russia and Ukraine both failed at tank assaults because they can't surprise each other for 2 key reasons, expert says - Business Insider | Hertz dumping 20,000 EVs is a warning to electric-car owners everywhere

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� � � � � � You Might Like � � � � � � � � � Silicon Valley engineers joked you'd go to LinkedIn to retire. Then came the PIPs and layoffs. - Business Insider (Full Access)    When LinkedIn told engineering managers to pick out the lowest-performing workers to place on performance-improvement plans early last year, it felt to many like the end of an era at a company. "There seemed to be a shift towards what some people felt was an antagonistic approach towards the workforce, where they rescinded certain benefits and perks with our communities," said one engineering manager who was asked to rank his team members.The manager would go on to lose his own job, as did 136 other engineering managers axed by LinkedIn in October as part of sweeping 700-person job cuts — the first to directly affect engineering teams. The company had earlier laid off 716 sales, operations, and support workers in May.  Business Insider spoke with 13 other current and former employees, who said the job cuts followed a swift tightening up at the company and a dramatic shift from the LinkedIn of the past. They requested anonymity as they weren't authorized to speak to the media, but their identities have been verified by BI. Continued here � � � � � � You Might Like � � � � � � � � � What fourth-quarter earnings are telling us about Wall Street's hiring plans as Citi takes aim at 20,000 jobs - Business Insider (Full Access)    Earnings season isn't just for stock investors. It's also a great way to assess where the job market is going for people who work in the highly competitive financial services industry. Are investment banks, private equity firms, and asset managers predicting more layoffs? Or are they gearing up for another talent war? And if so, where? Last year, banks opened 2023 by forecasting layoffs, including for the investment bankers who suddenly had nothing to do following the pandemic-era M&A and IPO boom. This year, it's starting to look like a mixed bag, with some firms predicting rising compensation costs and other firms taking last year's layoffs to a whole new level. Continued here � � � � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Russia and Ukraine both failed at tank assaults because they can't surprise each other for 2 key reasons, expert says - Business Insider (Full Access)    Neither Russia nor Ukraine has been able to pull off successful tank assaults — and there is a clear reason. The flat terrain and number of drones in the sky make it too hard to surprise the other side, an expert told Business Insider. Riley Bailey, a Russia analyst at the Institute for the Study of War think tank, said the attacks were unlikely to work without surprise. Continued here � � � � � � You Might Like � � � � � � � � � Hertz dumping 20,000 EVs is a warning to electric-car owners everywhere - Business Insider (Full Access)    The car-rental firm said it's selling 20,000 EVs — about one-third of its electric fleet of Teslas, Volvos, Polestars, and more — partly due to repair and maintenance costs. It's a big blow to the EV industry, which is already in the throes of slowing growth as the waves of early adopters dry up and prices remain stubbornly high for potential new buyers. In a Thursday note to clients, Adam Jonas, the head of auto and space research at Morgan Stanley, called the move "another sign that EV expectations need to be reset downward across the market." Continued here

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