Hoshi_Toshi
Superstar
My bro just got laid off. shyt crazy, how you making acquisitions at the same time as layoffs?
Tech Industry job layoffs looking scary
- Thread starter dtownreppin214
- Start date
BuzzFeed News Is Shutting Down, Company Laying Off 180 Staffers
BuzzFeed is shutting down BuzzFeed News because it is not able to turn a profit, according to a memo CEO Jonah Peretti sent to company staff.
variety.com
The company that laid me off still turned an amazing profit. It wasn’t as good as the profit from previous years though, which is why the stock went down and they are doing layoffs. But make no mistake, this company and many others doing layoffs are still wildly profitable. So they have plenty of money for “metaverses,” and acquisitions.
Recently got a job as a business analyst, and this trend got me a bit scared. I feel this role is going to become redundant very soon.
Batsute
The Lion Choker
They still need people to interpret that data and come up with a plan. No company is putting their faith in robot BAs for a while.
Silver Surfer
Veteran
Neighbor just got laid off....smh
LinkedIn is full of sad stories from people getting laid off 
People going to learn when companies cut its not because there are running out of money most of the time. It's just making sure shareholders profit doesn't dip.
That shyt been on my linkedln for 3-4 months. And there are people like scrum masters and shyt begging for a job.LinkedIn is full of sad stories from people getting laid off
UPDATE:
My job laid off its entire Tech Dept a few months ago and its been a disaster. Its gotten worse since i first posted in this thread.The basics dont work, equipment dont work, printers dont print (not connected to the network type shyt), stuff that a person with a A+ cert could do. You still gotta call India to listen to Perdeep talk down to you in his broken ass English. All to save a few bucks
My job laid off its entire Tech Dept a few months ago and its been a disaster. Its gotten worse since i first posted in this thread.The basics dont work, equipment dont work, printers dont print (not connected to the network type shyt), stuff that a person with a A+ cert could do. You still gotta call India to listen to Perdeep talk down to you in his broken ass English. All to save a few bucks
Happened to me at chase in 2016. They are so greedy to save any dime off their workers they do shyt like that then only to turn around to find people to replace at a higher wage anyway
Whole Foods plans to lay off several hundred corporate employees: Read the memo here
The cuts translate to about less than half of a percent of the company's global workforce.
jaydolf spitler
Superstar
I think companies looking to get bought out do acquisitions too. My old company bought an advertising company out of Atlanta, kept rolling out half baked new features all seemingly to seem more attractive to investors and they eventually got bought by constant contact. I could just feel they were fishing for a buyout the whole time I was there l. Got out right before.
They’ve been on life support forever . That form of media is not relevant for anyone over the age of 16. It’s pretentious as hell, I was told they use bean bag chairs for meetings and bring their pets with them to workBuzzFeed News Is Shutting Down, Company Laying Off 180 Staffers
BuzzFeed is shutting down BuzzFeed News because it is not able to turn a profit, according to a memo CEO Jonah Peretti sent to company staff.variety.com
