Tech Industry job layoffs looking scary
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I do mostly healthcare and supply chain but also fintech. Mostly on the onboarding side not so much engineering side.
I have not met many who even have one!
Batsute
The Lion Choker
I know a lot of payroll companies are hiring. You got resume in the STAR format/optimized for scanning?
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Google confirms it just laid off around a thousand employees
Engineering and Assistant teams were impacted too
www.theverge.com
Google confirms it just laid off around a thousand employees
Or more than a thousand? Depends on the definition of “few”.
By Sean Hollister, a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget.
Jan 11, 2024, 1:38 AM EST|45 Comments / 45 New
:format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/24016887/STK093_Google_02.jpg "An illustration of the Google logo.")
:format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/24016887/STK093_Google_02.jpg)
Illustration: The Verge
Turns out Google’s postpandemic reckoning didn’t just hit the Google Hardware team responsible for Pixel, Nest, and Fitbit products — it’s taken similarly sized bites out of Google’s core engineering and Google Assistant teams too. Google just confirmed to The Verge that it’s eliminated “a few hundred” roles in each of these divisions, meaning Google has confirmed layoffs of around a thousand employees on Wednesday alone, if we use a reasonable definition of “few.”
And those are only the cuts we know about. We asked Google spokesperson Courtenay Mencini to say if this was the complete and total number of job cuts in this round of layoffs, but she stopped replying at that point, only confirming existing layoff reports at 9to5Google and Semafor. The New York Times reported on the engineering team layoffs too.
When we spoke to Mencini earlier this evening about the Google hardware layoffs, she did not mention the other layoffs — but did write that “a number of our teams made changes to become more efficient and work better” and that “some teams are continuing to make these kinds of organizational changes, which include some role eliminations globally.”
So there may be more, and it’s possible that Google is attempting to spread out the bad news instead of having it hit all at once.
Google parent firm Alphabet employed 182,381 employees as of September 30th, 2023, so roughly a thousand job cuts would only be around half a percent of the company’s total. There’s a lot of tech layoffs going around.
If you know about more unreported layoffs, please tip us at tips@theverge.com.
Update January 11th, 8:35AM ET: Removed speculation about the origin of other reports on Google’s layoffs.
Big Tech not done with layoffs as Google, Amazon announce cuts in 2024
Google layoffs hit its hardware division, which include Fitbit, the activity tracker company it bought in 2019
By Gerrit De Vynck
Updated January 11, 2024 at 11:07 a.m. EST|Published January 11, 2024 at 11:01 a.m. EST
Google's hardware division was among departments hit by layoffs. (Melina Mara/The Washington Post)
SAN FRANCISCO — The wave of layoffs that has broken over Silicon Valley in the past two years isn’t over.
On Wednesday, Google confirmed it had cut hundreds of engineering and hardware workers as it sought to cut costs and refocus on artificial intelligence. The same day, Amazon said it would cut some positions at its Prime Video and MGM Studios entertainment divisions. Twitch, a video game streaming company owned by Amazon, also said it was laying off 500 staff members.
The cuts at two of the industry’s biggest and most profitable firms show that the tech world is not done with the waves of layoffs that began in 2022. After a massive hiring spree during the first years of the pandemic, start-ups and Big Tech firms alike have been firing tens of thousands of workers as higher interest rates make it more expensive to invest in new projects and the companies seek to increase their profitability, rather than focusing on growth.
Here’s where workers were laid off in 2023
At Google, the cuts were a continuation of layoffs that hit teams including its Waze navigation app, new employee recruiting and Google News.
“Throughout the second half of 2023, a number of our teams made changes to become more efficient and work better, and to align their resources to their biggest product priorities. Some teams are continuing to make these kinds of organizational changes,” said Chris Pappas, a Google spokesperson. “We’re responsibly investing in our company’s biggest priorities and the significant opportunities ahead.”
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Wednesday’s cuts hit the company’s hardware division and included a reorganization of the teams that work on Fitbit, its Nest home devices division and its Pixel smartphones.
Google has invested billions of dollars over many years to build hardware and compete with Apple in the smartphone and smartwatch markets and Amazon on home devices, but the division is still small compared to its core advertising and search businesses.
The cuts at Amazon and Google this week are small compared to the many thousands of workers the two companies fired in 2022 and 2023. Amazon said it was cutting around 27,000 workers beginning at the end of 2022 and continuing through 2023. Google cut 12,000 jobs in January 2023, about 6 percent of its workforce. Meta, the parent company of Facebook, said at the end of 2022 it would cut 11,000 jobs, or 13 percent of its workers.
The layoffs shook Silicon Valley, ending the era where tech workers were confident that they could jump from high-paying job to high-paying job every few years. Start-up funding dropped as well. The gloom has only been tempered by the artificial intelligence revolution, with investors pouring money into AI start-ups and Big Tech firms putting off some of their spending cut plans to buy more computer chips and hire AI researchers in order to take advantage of consumer interest in the new tech.
“Our industry continues to evolve quickly and it’s important that we prioritize our investments for the long-term success of our business,” Mike Hopkins, senior vice president of Prime Video and Amazon MGM Studios, said in a letter to employees Wednesday.
fukk em, they didn't wanna hire me no wayGoogle confirms it just laid off around a thousand employees
Engineering and Assistant teams were impacted too
Google confirms it just laid off around a thousand employees
Or more than a thousand? Depends on the definition of “few”.
By Sean Hollister, a senior editor and founding member of The Verge who covers gadgets, games, and toys. He spent 15 years editing the likes of CNET, Gizmodo, and Engadget.
Jan 11, 2024, 1:38 AM EST|45 Comments / 45 New
Illustration: The Verge
Turns out Google’s postpandemic reckoning didn’t just hit the Google Hardware team responsible for Pixel, Nest, and Fitbit products — it’s taken similarly sized bites out of Google’s core engineering and Google Assistant teams too. Google just confirmed to The Verge that it’s eliminated “a few hundred” roles in each of these divisions, meaning Google has confirmed layoffs of around a thousand employees on Wednesday alone, if we use a reasonable definition of “few.”
And those are only the cuts we know about. We asked Google spokesperson Courtenay Mencini to say if this was the complete and total number of job cuts in this round of layoffs, but she stopped replying at that point, only confirming existing layoff reports at 9to5Google and Semafor. The New York Times reported on the engineering team layoffs too.
When we spoke to Mencini earlier this evening about the Google hardware layoffs, she did not mention the other layoffs — but did write that “a number of our teams made changes to become more efficient and work better” and that “some teams are continuing to make these kinds of organizational changes, which include some role eliminations globally.”
So there may be more, and it’s possible that Google is attempting to spread out the bad news instead of having it hit all at once.
Google parent firm Alphabet employed 182,381 employees as of September 30th, 2023, so roughly a thousand job cuts would only be around half a percent of the company’s total. There’s a lot of tech layoffs going around.
If you know about more unreported layoffs, please tip us at tips@theverge.com.
Update January 11th, 8:35AM ET: Removed speculation about the origin of other reports on Google’s layoffs.
Silver Surfer
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I recently moved departments and I work directly with our payment systems and our funding went up
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Thousands of Software Engineers Say the Job Market Is Getting Much Worse
9,388 engineers polled by Motherboard and Blind said AI will lead to less hiring. Only 6% were confident they'd get another job with the same pay.
www.vice.com
Thousands of Software Engineers Say the Job Market Is Getting Much Worse
9,388 engineers polled by Motherboard and Blind said AI will lead to less hiring. Only 6% were confident they'd get another job with the same pay.
MS
By Maxwell Strachan
January 9, 2024, 2:26pm
PHOTO VIA GETTY IMAGES
For much of the 21st century, software engineering has been seen as one of the safest havens in the tenuous and ever-changing American job market.
But there are a growing number of signs that the field is starting to become a little less secure and comfortable, due to an industry-wide downturn and the looming threat of artificial intelligence that is spurring growing competition for software jobs.
“The amount of competition is insane,” said Joe Forzano, an unemployed software engineer who has worked at the mental health startup Alma and private equity giant Blackstone.
Since he lost his job in March, Forzano has applied to over 250 jobs. In six cases, he went through the “full interview gauntlet,” which included between six and eight interviews each, before learning he had been passed over. “It has been very, very rough,” he told Motherboard.
Forzano is not alone in his pessimism, according to a December survey of 9,338 software engineers performed on behalf of Motherboard by Blind, an online anonymous platform for verified employees. In the poll, nearly nine in 10 surveyed software engineers said it is more difficult to get a job now than it was before the pandemic, with 66 percent saying it was “much harder.”
Nearly 80 percent of respondents said the job market has even become more competitive over the last year. Only 6 percent of the software engineers were “extremely confident” they could find another job with the same total compensation if they lost their job today while 32 percent said they were “not at all confident.”
Over 2022 and 2023, the tech sector incurred more than 400,000 layoffs, according to the tracking site Layoffs.fyi. But up until recently, it seemed software engineers were more often spared compared to their co-workers in non-technical fields. One analysis found tech companies cut their recruiting teams by 50 percent, compared to only 10 percent of their engineering departments. At Salesforce, engineers were four times less likely to lose their jobs than those in marketing and sales, which Bloomberg has said is a trend replicated at other tech companies such as Dell and Zoom.
But signs of dread among software engineers have started to become more common online. In December, one Amazon employee wrote a long post on the anonymous employee platform Blind saying that the “ job market is terrible” and that he was struggling to get interviews of any sort.
The situation is a stark shift from much of the past two decades, when computer science degrees and coding bootcamps exploded in popularity due to the financial security they both promised. Entry-level Google software engineers reportedly earned almost $200,000 a year and lived a life full of splashy perks, and engineers always seemed in high demand, meaning the next job was never hard to find.
As an undergraduate at the University of Pennsylvania in the early 2010s, Forzano had decided to major in computer science. The degree had put him in $180,000 of debt, but he saw it as a calculated bet on a sturdy field of work. “The whole concept was [that] it was a good investment to have that ‘Ivy League degree’ in an engineering field,” he said. He thought he’d be set for life.
Early in his career, that seemed to be true. Recruiters spammed him with opportunities, and he was easily able to jump from job to job and became a manager. The field felt so secure that the phrase “learn to code” became a mocking rejoinder whenever people in other fields expressed concern about their own job prospects online.
But the messages from recruiters have largely dried up since the pandemic, and getting the sort of jobs software engineers took for granted has become much harder. “There's just so much fukking competition,” he said. “It's a completely different landscape.” Thinking back to his decision to major in computer science as an undergraduate, he said he now feels “very naive.”
With the entrance of artificial intelligence into the conversation recently, there have been signs of a sea change in the coding world. AI programs that allow users to write code using natural language or auto-complete code were among the first wave of AI tools to take off. Google CEO Sundar Pichai said last year that AI-powered coding tools had reduced the time it takes workers to complete code by 6 percent.
“In the age of AI, computer science is no longer the safe major,” Kelli María Korducki wrote in The Atlantic in September. Matt Welsh, an entrepreneur who used to serve as a computer science professor at Harvard, told the magazine that the ability of AI to perform software engineering functions could lead to less job security and lower compensation for all but the very best in the software trade.
As of December, software engineers were not expressing much concern about AI making their jobs redundant. Only 28 percent saying they were “very” or “slightly” concerned in the Blind poll, and 72 percent saying they were “not really” or “not at all” concerned.
But when not considering their own situation, the software engineering world’s views on AI became markedly less optimistic. More than 60 percent of those surveyed said they believed their company would hire fewer people because of AI moving forward.
Forzano has not been shy about his trouble, sharing his pursuit for a new job on social media. The decision has led him to feel less alone, he said, as other tech workers expressed similar frustration about not being able to get interviews for jobs they felt overqualified for.
“We're all kind of like, ‘What the fukk is happening?’” he said.
Sure do.
Please PM the details, or if you feel it can help others, post here. I can send you the resume sans contact info. FYI, I am not a CPA or have an accounting/securities background
Batsute
The Lion Choker
Sent breh. Yea I can take a look.
Well if anybody lives in Chicago or Columbus I got the Chase plug 
U.S. tech layoffs sent Indian workers home to an even worse job market
Indian tech workers who were laid off in the U.S. and returned home say they have taken massive pay cuts and are earning less than their peers in India.
U.S. tech layoffs sent Indian workers home to an even worse job market
Indian tech workers who were laid off in the U.S. and returned home say they have taken massive pay cuts and are earning less than their peers in India.
restofworld.org
What’s the link
U.S. tech layoffs sent Indian workers home to an even worse job market
Indian tech workers who were laid off in the U.S. and returned home say they have taken massive pay cuts and are earning less than their peers in India.
U.S. tech layoffs sent Indian workers home to an even worse job market
Indian tech workers who were laid off in the U.S. and returned home say they have taken massive pay cuts and are earning less than their peers in India.
I hate dealing with them
