It’s a dark time to be a tech worker right now::Nearly 300,000 tech employees have been laid off since last year, data shows.
It’s a dark time to be a tech worker right now::Nearly 300,000 tech employees have been laid off since last year, data shows.
Explain me like I’m five - why?
Because the big tech companies are laying off, all the tech companies have decided they too need to layoff people to lower costs, improve profits, report better earnings, etc.
Fast forward to next year when they’re up shit creek because their skeleton crews can’t possibly do All The Things. Executives retire, take huge bonuses; repeat.
There’s no evidence that the layoffs at these firms are actually tech workers. Tons of other positions exist at these companies, like managers, sales, marketing, support staff.
My money is on administrative/clerical. This is the easiest to automate.
What on earth do you mean no evidence? I mean just check layoffs.fyi which specifically tracks this.
I’m trying to find where on the site where it tracks the type of employees laid off but it doesn’t seem to track that at all?
For companies/employees that choose to share (eg in hopes of getting recruited to a new job) you can even get individuals information from that site. That includes actual job titles.
These companies tend to be very light on administrative roles anyway. So the ratios make sense even if they just laid off 5% of staff in total.
I’m not seeing that at all. Only total employees laid off and the industry the company is in.
You don’t know what you’re talking about. I personally know multiple devs who were laid off from my company. These companies don’t give a shit about your skills anymore, they’re purely looking at how much money you cost them.
Devs are getting laid off, but he actually does have a point that in the case of several of the biggest companies, the hardest hit were middle management, not devs.
The industry is experiencing historic shrinkage post COVID due to unsustainable growth during COVID.
Any evidence to back up using the word “historic”, here? The dotCom burst was historic, but by the numbers I’ve seen, this doesn’t come close.
I would argue “interesting footnote in the boom/bust cycle”.
I know that’s not how it feels to the folks going through job searches right now, though.
It’s the worst market since 2008. I don’t know why people feel the need to minimize it. It’s certainly more than a footnote.
And 2008 was the worst since the the great depression. In between we saw the dotCom bust, which was itself the worst since the slump in the 80s.
But the boom and bust cycle is well established.
We don’t do eachother any favors by talking like it’s the end of the world this time.
I suspect the sensational headlines are meant to distract from systemic issues that feed the cycle.
As long as the narrative is “this time is unique”, it distracts from discussing improving the situation.
I don’t mean to minimize it, though. It sucks!