You got let go too or are you staying in the same position and the rest got canned?Whole org/team i was supposed to join got sent to shadow realm.
Like Havoc said, its a war going on outside nobody safe from
Tech Industry job layoffs looking scary
- Thread starter dtownreppin214
- Start date
On my LinkedIN feed, I see people saying they got laid off 2x in 2022 from tech companies. Even though it's a mindfukk, that's alot of cash and equity in severance to hit your account and keep you cushy for a bit
Killah Ray
Carolina hail to thee....
Tech is pretty much in the same bubble as healthcare especially if you have experience...you can always land on your feet somewhere making relatively the same if not more at the next job...
Only advantage I give to healthcare, is that it's easier to enter no matter the economy....
Only advantage I give to healthcare, is that it's easier to enter no matter the economy....
the bossman
Superstar
Actually, massive layoffs haven’t happened—yet
Goldman Sachs and Amazon layoffs are spelling out doom and gloom, but the reality is much brighter.
ahomeplateslugger
Superstar
it's crazy for tech companies. just read that microsoft is planning to layoff 5% of their workforce.
Microsoft to cut thousands of jobs across divisions - reports | Reuters
Microsoft to cut thousands of jobs across divisions - reports | Reuters
BigBlackSea
All Star
No more job security nowadays. Shareholders want a bigger cut, and they'll gut a whole engineering team in order to see a momentary bump in stock prices, even if it means that it'll bring ruin in the long term.
It's time to start thinking more like a mercenary, and less as an employee. You offer your skills to the highest bidder. Problem is that most people have to fill in the hole left empty after academia. We're so used to the cohort style of daily activities where you see the same people everyday from kindergarten to college.
We end up using the office as a means to fulfill that need for a cohort. That's why people would date and befriend coworkers, and probably why it's so hard to leave for a better situation with higher pay. That kind of shakeup is jarring if you dont have a "third place" of some kind betwee home and the office. Understand there is no company family, there is no team, it's just you and a bunch other people who work on a shared objective.
The name of the game is acquire the funds to not be beholden to whoever is signing your checks. Save money, avoid consumerism debt traps, look into a plan for FI/RE. The system's plan is to keep you in the hamster wheel, in need of their money.
If you're a young single adult with time, energy,and extra funds, look into starting your own shyt on the side. It doesn't even have to cover all the bills, just having extra streams of income will give you more leverage.
It's time to start thinking more like a mercenary, and less as an employee. You offer your skills to the highest bidder. Problem is that most people have to fill in the hole left empty after academia. We're so used to the cohort style of daily activities where you see the same people everyday from kindergarten to college.
We end up using the office as a means to fulfill that need for a cohort. That's why people would date and befriend coworkers, and probably why it's so hard to leave for a better situation with higher pay. That kind of shakeup is jarring if you dont have a "third place" of some kind betwee home and the office. Understand there is no company family, there is no team, it's just you and a bunch other people who work on a shared objective.
The name of the game is acquire the funds to not be beholden to whoever is signing your checks. Save money, avoid consumerism debt traps, look into a plan for FI/RE. The system's plan is to keep you in the hamster wheel, in need of their money.
If you're a young single adult with time, energy,and extra funds, look into starting your own shyt on the side. It doesn't even have to cover all the bills, just having extra streams of income will give you more leverage.
Dapped and repped.
If you're into tech, realize that no situation is permanent. Focus on building your skillset, grabbing your certs, and keeping your LinkedIn current. Realize these dummy companies will fire an entire floor of developers and turn around and hire contractors being paid $350/hr. Make sure that regardless, you're getting paid, because someone on this earth needs you and will pay top dollar.
And stack. Flood your retirement and investment accounts. Have a plan to get out this rat race. OE if needed to get ahead.
Definitely start your own shyt on the side if you can. Companies realize how empowering that is to employees, that's why they call it "conflicts of interest"
This thread is always an eye opener for me. Used to do healthcare IT before I transitioned to what I'm doing now.. sometimes when I'm having a really chitty day and thinking "well if worst comes to worse I could just go back to that"
But the industry seems not stable in the slightest. Depending on severance packages and things to get by. I feel for career people in the industry, keep pushing
But the industry seems not stable in the slightest. Depending on severance packages and things to get by. I feel for career people in the industry, keep pushing
Funny enough, I just accepted an offer with a healthcare tech company
These layoffs are hitting recruiters the worst, I'm seeing folks that I was in contact around Nov/Dec with for open roles that are now posting about their own layoffs.
It’s bout to be spooky at Amazon tomorrow. My old team is on the chopping block but we’ll see tomorrow. I “should” be safe but you never know.
StretfordRed
Afro-European
I’m waiting for a FAANG company for an offer for a job I got in December.
It’s been radio silence due to their hiring freeze
It’s been radio silence due to their hiring freeze
yea this isnt like 2008.... biden and the fed are managing the economy pretty wellActually, massive layoffs haven’t happened—yet
Goldman Sachs and Amazon layoffs are spelling out doom and gloom, but the reality is much brighter.fortune.com
this is more like the dot com crash in the early 2000s, where tech was primarily affected
i read a conspiracy theory that they used the pandemic and consequent hiring spree to scale up operations in other countries, and then when the bubble burst down size in the USA
a snealy way to off shore jobs
a snealy way to off shore jobs
