Tech Industry job layoffs looking scary

[klientel]

The amazon cuts are necessary

That company is bloated like a muthafukka. There are wayyyyyy too many engineers on H1B that dont do shyt.

Nothing against any Indians dudes on here but yall fukked up the tech market in the US over the last 3-5 years

 

[Nicole0416_718_929_646212]

House of cards

Citing 'overcapacity,' Cooley lays off 150 lawyers and professionals

Cooley has laid off 78 lawyers and 72 paralegals and business professionals as a result of “overcapacity” following an “unexpected economic downturn.”

www.abajournal.com

result of “overcapacity” following an “unexpected economic downturn.”

Cooley announced the layoffs in an internal memo Wednesday obtained by Above the Law, Law.com, Law360, Reuters and Bloomberg Law.


It’s about to get real shifty out here. The coorelation -

https://www.cooley.com/services/industry/technology. Practice areas they bragged about in 2019/2020 are the same areas they brought them under

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• #1 for technology and life sciences IPOs in Q3 2020

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• 1,000+ M&A transactions for an aggregate value of $345+ billion since 2016

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• #1 law firm for VC Financings in the US and Globally in Q3 2020 (PitchBook)

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• 1,000+ VC deals annually, representing both companies and investors across a range of technology-related market segments

 

[Michael's Black Son]

Start date is supposed to be this coming monday but more delays came. I might never get to start at this point. Move to NYC for nothing, brehs

Breh you can always dress up as Elmo and get that Times Square bread.

 

[Atlrocafella]

It's getting spooky out here.

Novembers jobs numbers beat expectations. Don’t let one sector spook you brehs.

 

[Michael's Black Son]

As bad as this sounds

Companies are responding to the artificial demand the pandemic brought on.

Did anyone think Pelaton was gonna keep selling $5k bikes when gyms opened back up? Or everyone was gonna Doordash and sit at home? Or houses was gonna sell at 100k more than asking?

There's literally 10-15 too many streaming services too. Hence why AMC is going t*ts up.

The supply chain backlog cleared so Amazon and them don't need all them extra folks either.

It's actually going back to the way it was supposed to be.

Exactly.

Peloton played themselves by first charging so much for the bikes and treadmills and then fleecing their customer base with the subscription fee. You know their CEO was praying for new Rona strains to pop up. An extension of the pandemic would’ve helped them wipe out all of their rivals.

Now the company is wobbly and you can cop a bike on FB marketplace for $1000 because people don’t want it, don’t use it and guess what — riding a fukkin spin bike with resistance is HARD if you are washed (like most Americans).

Best thing to happen to AMC in a long time was that bull run in the markets during the Game Stop shyt and those “exchange” like Robinhood deaded that shyt since all of that “new money” would’ve wiped them out — because everyone was going to cash out

 

[Nicole0416_718_929_646212]

theme parks are anothjer very resilient sector

 

[Peter Popoff]

Had to shave my beard off for my fuqqing tech job in a plant. I fuqqing hate it.
Fuq IT.

 

[Bleed The Freak]

I think Disney's woes stem primarily obviously from the pandemic and their theme parks were closed but the biggest pain for them (and all streaming services) that streaming is a lot more costly than they envisioned. That bad boy is bleeding 3 billion a year. They don't have commercials in its inception (they do now as do all other services) because producing all this content costs massive amounts of $$. There's a reason why AMC + is tanking, HBO and Discovery are merging, Showtime is merging with Paramount + all of the services added commercials, including Netflix and Peacock is trying to merge with anyone and only Hulu knew to have ads from day one, which has always been profitable. Combine that with cord cutting and less subscriber fees and it's a recipe for disaster.

It's an over-bloated industry. Disney got into the streaming wars but just has the capital, like Amazon and Apple, to let the others just fail financially.

 

[cheek100]

-Waste disposal
-Marine Biology
-Plumbing
-Government security
-Car repair (when recession folks fix instead of buy). When normal economy warranty work. There's always recalls.
Also with cars now with electrical expect a lot more need for these skills.
-Fraud investigation

Add HVAC to the list

 

[Bleed The Freak]

Add HVAC to the list

And electrician. My cousin is one and EATS. Gets sent all across the country no matter what the economy. You can do side jobs, small business, homes, commercial, industrial or transition to automotive, rail or aerospace.

 

[Jekyll]

Tech’s a dead end honestly. Supply and demand. Hired way too many people and because of mismanagement they have to lay them off. Sad shyt. Sorry to everyone in that industry

You’re conflating things. Big Tech is not Tech. The tech industry overall is alot closer to understaffed than over saturated . Hell Big Tech had to lower their standards a shyt ton to even get to the staffing levels they’re at today.

When I first wanted to break into tech, the job requirements were brutal as fukk. They literally used to say stuff like “don’t apply if you didn’t graduate from a top 10 computer science program in the country”. There’s still some of that in the more advanced/emerging sectors but now you can get into the biggest tech companies in the world with a HS diploma.

Their are alot of tech roles that will fade as the years go by and automation progresses but tech and its influence in our lives will only increase. There’s a reason that schools are including advanced tech topics in their curriculums now.

 

[Marc Spector]

Domino effect:

https://www.king5.com/article/news/local/seattle/popular-seattle-gym-closing-mass-tech-layoffs/281-b331f2c0-b446-4af6-8c66-56cf6fd19abb

this guy is an a$$hole though for the record.

sheesh im super familiar with that gym. Crazy.

 

[martin_van_nostrand]

Crazy to me that people are seeing big bonuses and payrise and then not saving like crazy. Nothing lasts forever if you don’t own the shut that’s making money.

In the words of Jada “old head told me if you can’t save money, you’re useless. And all you gon’ ever have is excuses.”

 

[JLova]

As bad as this sounds

Companies are responding to the artificial demand the pandemic brought on.

Did anyone think Pelaton was gonna keep selling $5k bikes when gyms opened back up? Or everyone was gonna Doordash and sit at home? Or houses was gonna sell at 100k more than asking?

There's literally 10-15 too many streaming services too. Hence why AMC is going t*ts up.

The supply chain backlog cleared so Amazon and them don't need all them extra folks either.

It's actually going back to the way it was supposed to be.

Thing is some of these companies are retarded and Peloron is one of them. It was obvious that their popularity was due solely to the pandemic. Thry couldn’t se that. Many other tech companies same way. Didn’t realize the demand was artificial and not sustainable. I’m searching for people in slack and it’s mad “deactivated”. Companies that did mass layoffs now doing smaller layoffs. Gotta protect the stock yo.

 

[JLova]

The amazon cuts are necessary

That company is bloated like a muthafukka. There are wayyyyyy too many engineers on H1B that dont do shyt.

Nothing against any Indians dudes on here but yall fukked up the tech market in the US over the last 3-5 years

Not their fault.