Tech Industry job layoffs looking scary

[Neo. The Only. The One.]

The number of available US jobs surged in April, complicating the Fed’s strategy | CNN Business

The number of available jobs in the United States unexpectedly rose in April, bucking economists’ predictions after a three-month stretch of declines.

amp.cnn.com

Private payrolls rose by 278,000 in May, well ahead of expectations, ADP says

The U.S. labor market posted another month of surprising strength in May as companies added jobs at a pace well above expectations.

www.cnbc.com

I got hired in May. I tried to tell brehs

 

[duckbutta]

Random, but this guy looks nothing like I thought he would



It's actually very interesting that he mentions he loves doing algorithms more than the actual job itself. I can't even blame him though, the job can be a total pain.

It is kind of ironic though how dude has helped so many people get jobs by passing coding interviews while he wants out of big tech.

Additionally he thinks hiring is about to pick back up soon over the next 6-12 months and says it already has started to so keep those skills sharp and keep your heads up.

One nightstand...half a bunk bed...bottle water on the floor...

Maybe he should have kept that google job

 

[CodeBlaMeVi]

Are the cuts that extreme? Damn

I’m exaggerating and honestly do not know but from it’s my assessment from reading Business Insider articles. Wall Street wasn’t digging the overspending and wages during the pandemic. So, they’re doing huge scale backs.

 

[CodeBlaMeVi]

I got hired in May. I tried to tell brehs

The ADP report noted that the distribution of job gains was “fragmented” for the month, as increases were concentrated in leisure and hospitality, which added 208,000 positions, and natural resources and mining, which saw a gain of 94,000.

Construction added 64,000 jobs, but multiple other categories had declines.

For instance, manufacturing saw a drop of 48,000, financial activities lost 35,000, and education and health services was off by 29,000. Trade, transportation and utilities posted an increase of 32,000 while the other services category added 12,000.

From a size perspective, companies with 500 or more workers lost 106,000 jobs. Small firms, with fewer than 50 workers, added 235,000 positions.

One area of note for ADP was a slowdown in the pace of wage gains, with annual pay up a still-robust 6.5% in May but down from the 6.7% increase in April. Those switching jobs reported an annual increase of 12.1%, off a percentage point from the month before.

 

[dtownreppin214]

really its these Junior roles who are in trouble imo

Not necessarily. Regardless of experience those who are critical thinkers and adapt and become proficient at prompt engineering will survive. You have to be able to be able to train your model, fine tune your communications with these AI tools, and be able to provide it both a high-level view of your project and also specificity in your feedback. If you can't do that you will fall behind and end up on the chopping block. Sometimes junior devs are more open to learning new things, so if a 90k junior dev is better than a 200k architect at prompt engineering, then the company will choose the junior dev.

 

[CarltonJunior]

I'm still barely hanging on

They're using AI to do an aspect of my job already, so it's coming. What's really kicking my ass is no overtime has been available all year

 

[Apollo Creed]

Not necessarily. Regardless of experience those who are critical thinkers and adapt and become proficient at prompt engineering will survive. You have to be able to be able to train your model, fine tune your communications with these AI tools, and be able to provide it both a high-level view of your project and also specificity in your feedback. If you can't do that you will fall behind and end up on the chopping block. Sometimes junior devs are more open to learning new things, so if a 90k junior dev is better than a 200k architect at prompt engineering, then the company will choose the junior dev.

Your viewing this via the past. Prompt engieers wont be junior devs lol

 

[Rev Leon Lonnie Love]

One nightstand...half a bunk bed...bottle water on the floor...

Maybe he should have kept that google job

Not at all uncommon amongst tech bros. Most of these dudes know nothing about home decor, live like they are still in a college dorm and are all about functionality so they get the most basic shyt that will make it livable for them and spend most of their money splurging on tech gadgets and investing the rest. I wouldn't call that a reflection of his pocket.

 

[levitate]

Grubhub lays off 15% of corporate workforce, or about 400 employees

Food delivery company Grubhub said it would lay off 15% of its corporate workforce, or 400 employees, citing a need to maintain competitiveness.

www.cnbc.com

 

[Obreh Winfrey]

Grubhub lays off 15% of corporate workforce, or about 400 employees

Food delivery company Grubhub said it would lay off 15% of its corporate workforce, or 400 employees, citing a need to maintain competitiveness.

www.cnbc.com

None of them gig economy apps are even profitable so that's not a surprise.

 

[levitate]

Productivity results - problems that on average took 5 days to fix now take on average 13 minutes with these pilot teams.

Damn, some jobs are about to get ballgamed.

 

[MR. SNIFLES]

My company has not had any layoffs but this morning I had a meeting re: GitHub Copilot. A few teams have been guinea pigs for the implementation of Copilot the last few months. Productivity results - problems that on average took 5 days to fix now take on average 13 minutes with these pilot teams. My team will be testing AWS Codewhisper the next four months. It's going to take time for companies to fully implement AI tech into their workflows, I expect another wave of cuts in 2024/2025.

ALREADY PREPARING MYSELF TO PIVOT OUT OF MY ROLE INTO SOMETHING ELSE.

MY JOB CAN EASILY BE DONE BY AI. I ALREADY HAVE A NICE CHUNK OF MY JOB AUTOMATED ALREADY. WHEN THE COMPANY FINDS OUT, ITS LIGHTS OUT FOR ME.

 

[Regular Developer]

Random, but this guy looks nothing like I thought he would



It's actually very interesting that he mentions he loves doing algorithms more than the actual job itself. I can't even blame him though, the job can be a total pain.

It is kind of ironic though how dude has helped so many people get jobs by passing coding interviews while he wants out of big tech.

Additionally he thinks hiring is about to pick back up soon over the next 6-12 months and says it already has started to so keep those skills sharp and keep your heads up.

I absolutely did not think he'd look like that either, lol

 

[papa pimp]

I got hired in May. I tried to tell brehs

Yeah, recruiters stay hitting me up despite the doom and gloom in here.

 

[papa pimp]

I've started to see more and more job posting for Big Tech as of late too.