Tech Industry job layoffs looking scary

JT-Money

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Even people in Cybersecurity are getting laid off. Seen it at my last two companies. And they shipped those security jobs overseas to India and Poland.

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Silkk

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Took a temp job just to get all my business inventory back up before Q4.



Its ridiculous at the lack of IT jobs being posted here in fn Houston. I couldn’t imagine how much worse it’s gotten in a smaller town like New Orleans or somewhere.
 

Drake's Tan

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Not an IT breh so someone fill me in, is AI fukking up the IT job market?

Or is AI still too embryonic to have that impact yet?
 

Silkk

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Not an IT breh so someone fill me in, is AI fukking up the IT job market?

Or is AI still too embryonic to have that impact yet?
Not sure if it’s specifically AI related but everything is fuccked up rn. I’ve heard of people having to do multi round interviews for retail and shyt.
 

Serious

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Not an IT breh so someone fill me in, is AI fukking up the IT job market?

Or is AI still too embryonic to have that impact yet?
It’s more so tied to venture capital.

Money is expensive to loan out because of the high interest rates set by the FED.

The market in general is cleaning up a lot companies that are unprofitable.

What this is doing forcing a competition for jobs at the moment. Once more new companies are able to get easier funding. People will be able to come and go more freely. That’s why at this moment during this game of musical chairs in the labor market people just need to stay afloat and stay grounded. No risky moves.

The FED is literally trying crush economy to slow down spending / inflation.
 
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