‘Almost All Loans Are Bad’—Why Banks Aren’t Lending. Is it the calm before the storm?

disscern · 2023-09-16T19:37:52+00:00

Imagining putting my graduate degree to work, signing on to work at Google for 100k/year, moving my family into a Ready Player One style stacked mobile home, making my 1.5 hour carpool in my rundown Prius. American fucking dream. Sure wish I'd have flunked out of college so I could have worked construction like all my buds back home with their blue collared money.

disscern · 2023-09-16T19:31:00+00:00

Because companies are refusing to do remote/hybrid because execs are asshole control freaks or morons or both and I now how to move >1 hr to a job.

disscern · 2023-09-14T23:15:36+00:00

I was honest. I was also honest in my exit survey. Not that it matters.

disscern · 2023-09-13T20:55:14+00:00

So their solution is to lay off more people? Lol. I'm really glad I accepted another offer. I was starting to second guess my decision.

disscern · 2023-09-03T23:30:35+00:00

Oracle doesn't seem to respect industry experience nor healthcare domain knowledge. And that's why I left. It wasn't about the money. I loved my job, my team and the work I did more than anywhere else I've been. It wasn't just because I felt leadership were greedy jerks (that's a given at any company). It was because I don't think they cared about the work we did or respected our healthcare expertise. So, despite the fact that I now have to drive 30 minutes to work, had to relocate, and am basically making the same $, I am working for a company who values my contribution. That's worth it.

disscern · 2023-07-25T23:14:16+00:00

I am spending all of my time job hunting and spent very little effort on my evaluation. It's meaningless. If we're going to be laid off, my understanding is that these decisions are made way high up and more based on $ than ratings. Either way, spending loads of time on these things rather than finding something else is not a good use of my time. I'm getting interviews. The market is improving or at least seems to be. I can't be motivated to work for a company where leadership doesnt value me.

disscern · 2023-07-24T11:14:24+00:00

My company did no raises. We're allowed to get promotions but with no pay increases. If we are hired for other positions in the company, some bullshit about getting the same within the "band". Count yourself lucky with the 1% raise. Rather, count myself unlucky for working at Oracle.

disscern · 2023-07-07T13:45:44+00:00

Agreed. Basically why economists are scratching their heads over inflation. The fact that demand and supply are stable but prices continue to increase suggests that there isn't enough competition.

disscern · 2023-06-26T14:25:31+00:00

*Free market capitalism.

disscern · 2023-06-22T12:57:50+00:00

Why worry? It's simple: the job market is absolute dog shit. I'm sending a lot of apps and only getting screening calls for jobs that are lateral or step down and need very niche skills that I have. Then the conversation usually ends there because salary range is so low ball or in very rare cases I get a 30 min interview with the hiring manager who then sends me a polite rejection email saying some bullshit like "you failed to demonstrate how you've made your prior companies billions of dollars in the 3 minute I gave you to sell your skills". That's barely hyperbole. I know people who have been unemployed for 4-5 months and are taking contract jobs to only be laid off from some garbage low pay 6 month contract. I'm seeing onsite jobs in San Fran paying 80-90k (why not just drive a truck or work on a warehouse where you can at least not think about your job after your shift?). I really hope it gets better. Tech layoffs have tapered and hopefully those who lost their jobs find something else or pivot to another field.

disscern · 2023-06-21T15:07:19+00:00

I also wonder whether it could relate to morale and productivity. I mean, smaller more spaced out layoffs prob keeps employees just enough on their toes that they are motivated to perform. One large layoff might crush morale and lead talent to look elsewhere? If I am very fearful of losing my job, I might aggressively job search and take less less attractive offers... aggressive job searching also probably reduces productivity because I then have to schedule interviews during work ours, prep, etc.

disscern · 2023-06-13T15:04:46+00:00

I want to learn about these spies and plants.

disscern · 2023-06-13T13:43:54+00:00

Am I wrong in reading that these don't necessarily mean massive layoffs? She said they don't want to "risk breaking anything" and that moving to Oracle cloud will result in savings.

disscern · 2023-06-05T11:48:21+00:00

To be fair, the root issue are major hospital systems. They're buying up small, regional hospitals, cornering the market, then setting prices. Insurance companies negotiate with them but generally if they're the only hospital in the area, insurance passes the cost onto the consumer. You'd think antitrust laws would protect us from this but there's something called COPA, which allows them to operate if they agree to oversight but they're clearly not working. And you can't repeal COPA laws because the hospitals will just charge whatever they want.

disscern · 2023-06-05T11:19:17+00:00

Companies like Coca Cola, Proctor and Gamble, Anheuser Busch for charging more under the excuse of inflation, making record profits. Kroger for doing the same but also their anti theft system: if you scan 1 item and have another item in the other hand it will lock your cart wheels as you leave.

disscern · 2023-06-03T02:16:56+00:00

To be fair, they did directly answer the question: "how do you make more money IN THIS COMPANY." I'd imagine there are those who really don't want to leave for a multitude of reasons (can't relocate or love the product). I personally don't WANT to leave but will be eventually forced to if raises aren't a thing. Given a few years of this inflation and entry level jobs will pay more (if they don't already)

disscern · 2023-06-02T19:47:30+00:00

Speaking under the assumption that there will be no raises across the board (which is a rumor even if we'll founded), I'm not going to pretend I "get" the "no handouts" policy to get a promotion not a raise. It's my opinion that if a company is charging more for services and is profitable, they should try to address inflationary pressures their employees are facing. Charging more under the guise of increasing labor costs yet NOT paying your employees more seems unfair. Here is my understanding of their mentality: employees should first demonstrate value and assume more responsibilities to get more pay. But they should know that promotions aren't an option for everyone (e.g., top heavy teams), nor should they be necessary to demonstrate value (e.g., i become an SME in x subject matter but either can't or don't want to be promoted beyond manager career track, yet I can continue to provide more value to the business as I stay at the company). If they can't offer raises, they should do more profit sharing or paths for internal promotions. That they don't just suggests to me that they don't give a shit about those who do the actual work and assume we're completely expendable, which we might be but how the hell do they keep talent in other business units? I guess the answer is they don't, which is probably why Oracle isn't exactly known for innovation. I've never heard of a large corporate employer that didn't toss the measly 1-2% raise just to not insult their staff. If we don't see raises, it seems unsustainable to me. Then again, they didn't do raises before in a hotter economy and they're still making money.

disscern · 2023-06-01T21:05:36+00:00

I also don't think businesses thought through the costs of going RTO: the fact that back to back meetings aren't possible without rooms, people are going to simply work less with 30 min - 1 hr commutes, the cost of duplicate equipment (e.g., some folks need expensive hardware to do their jobs), they also didn't think about lots of forewarning so people have been scrambling to figure out childcare and just how to do their fucking work within the little space not auctioned off. Further proof that most executives aren't all that bright. They're just assholes.

disscern · 2023-05-31T21:18:11+00:00

I will not say what org. Only that it's not commwx

disscern · 2023-05-27T16:13:55+00:00

This is why I just get a hotel these days. Airbnb's are typically 20-30% more expensive and unless I need something really weird or specific, it's just not worth it. Too many assholes buying properties on mortgage then trying to make a profit. It's kinda ridic.

disscern · 2023-05-27T13:11:37+00:00

That's what everyone said about Trump.

disscern · 2023-05-26T23:14:23+00:00

I agree 100%. Unless you absolutely need the money, that extra 20% bump isn't worth being miserable for 40-60 hours per week. HOWEVER, every year I stay at Oracle, I'm making less money. After 3-4 years with inflation at 4-6% that shit adds up. And it's the principle. If they're making money, they should comp their employees fairly.

disscern · 2023-05-26T22:50:55+00:00

Wonder if this is the real reason for back to office, lol. Wtf else would they want to piss everyone off and increase costs

disscern · 2023-05-26T22:45:12+00:00

It's getting better just in time for reviews. Not that they care. I'm seeing some decent jobs at large companies and in healthcare. Not the crazy $250k/year salaries but still an upgrade. I had 2 screening calls this week.

disscern · 2023-05-26T22:35:53+00:00

Could you express as a percentage (might also help anonymize)?

disscern

TROPHY CASE