Tech Industry job layoffs looking scary

[Sir Richard Spirit]

To be fair those companies like Twitter and Facebook don't produce anything of value.

Intel/Microsoft/Apple have excess executive employees, they gotta go...

Amazon is just ebay from back of the day, too much expansion in various markets causing them to lose money....

Just doom and gloom...frontline support will be alright...the creative specialist/fugazi positions gotta go...

All them companies growth was founded on cheap interest rate loans. They’ll be fine.

 

[Vandelay]

The cheap money era was bound to end. At worst a few firms will go out of business but things will swing back

I think it'll swing back in a year, year and a half...just in time for 2024 election fukkery.

 

[O.T.I.S.]

To be fair those companies like Twitter and Facebook don't produce anything of value.

Intel/Microsoft/Apple have excess executive employees, they gotta go...

Amazon is just ebay from back of the day, too much expansion in various markets causing them to lose money....

Just doom and gloom...frontline support will be alright...the creative specialist/fugazi positions gotta go...

Exactly

 

[BigMoneyGrip]

Facebook Rooskie money dried up lmaoo

 

[Silkk]

Switch to finance or healthcare. I ain’t worked in a year and a half and still get a dozen recruitment emails a day. If you in Dallas you’ll be fine.

 

[Neo. The Only. The One.]

Hopefully all the layoffs and hiring freezes will generate more innovation as some people will use this time to work on their own ideas
Programs like Y-combinator barely get any buzz now days, everybody was just running to get a $400K job and calling it a day I guess

I wonder when/if the layoffs will start to hit other industries. I'm assuming housing will be next, the auto industry maybe, then retail?

I'm launching my new company this week. Just got my first call this morning. We on the way, boys.

 

[dyingonce]

All by design

https://www.cnn.com/2022/10/10/economy/jobs-recession-unemployment/index.html

they funky a55 supposed to be politicians talk about creating jobs and how well their party does that.

they have been steadily removing jobs since way back in the day, but the geniuses want to fix the problem that they have created in the first place

well they say they will fix it. this was the problem from many moons ago and it haven't went anywhere.

but they say vote your problems away. we often vote and make a fuss when others don't do so but those who make a fuss have no other plan

G.W.F. Hegel

 

[Legal]

Makes sense. Most of those tech companies have made personnel decisions based off of unsustainable stock performance, and shyt is looking spooky on that front right now.

 

[AQz]

If times are good. Keep learning. If times are bad. Keep learning.

Don’t be complacent. Regardless of the market put yourself in the best position possible.

 

[Sir Richard Spirit]

I think it'll swing back in a year, year and a half...just in time for 2024 election fukkery.

Nov 2024 will be the return of the bandemic

 

[Malcolmxxx_23]

The FED has raised the interest rates another .75%. We byke to pre 2008 era levels even tho 12 years of growth in the tech market. These big companies can no longer borrow money for free to grow…get it from the mud


Fred

 

[dtownreppin214]

Switch to finance or healthcare. I ain’t worked in a year and a half and still get a dozen recruitment emails a day. If you in Dallas you’ll be fine.

I work in finance tech. Morgan Stanley, Credit Suisse announced big job cuts too. I think all of these big banks are going to look to cut corporate costs over the next year. Luckily, you're right Dallas market is easy to find another job.

 

[Problematic Pat]

I work for an insurance company. They just released financial data. We good.

Are you an agent?
If so why not go independent??

 

[CrushedGroove]

Those companies are beholden to their share owners, so they gotta stop the bleeding if not turn a profit.

Tons of other companies are hiring IT across the board. I get hit up for work at least 10x per week, and that's just from LinkedIn.

 

[gho3st]

Are you an agent?
If so why not go independent??

No. im a business analyst.