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2015.11.02 - Sam Altman - The Tech Bust of 2015
2015.11.22 - NYT - LivingSocial Offers a Cautionary Tale to Today’s Unicorns
Internally at LivingSocial, employees have been skeptical about the strategy shift, according to three employees who left this year. About a dozen former employees and current investors said the company’s strategic missteps had taken a toll on morale. The discontent has been compounded by the inability of early employees — many of whom were lured with lucrative stock packages — to sell their LivingSocial shares.
As a result, retention is an issue, especially as LivingSocial competes with new unicorns for engineers. The company can no longer offer huge salaries and tantalizing stock packages to attract the top talent.
“It’s not the easiest thing in the world to hire tech people, wherever you are,” Mr. Thakar said. “We’re not Google-esque.”
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