Tech Industry job layoffs looking scary

Voice of Reason

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Nah it's called the winners economy.


You better get hip or get lost.


Mfers better keep their head down and develop some ideas down the road for a startup.

All that workers crying shyt is over, the beatings will continue until morale improves


This Elon Musk era of whining autistic incel tech bros will last 2 years before there is a backlash.


Trump will get some of the Elon Musk stink on him this time around.
 

King Sun

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Project 2025 and H1B​

President-elect Trump has signaled he will be hiring Tom Homan, one of the authors of Project 2025. Here is a summary of what P25 wants to do about H1B:

1. Admitting Only Highest-Skilled Workers: The plan advocates for admitting only the highest-skilled foreign workers to the U.S. This means tightening the criteria for H-1B visa applicants to ensure they are among the top talent in their field.

2. Raising Salary Floors: Project 2025 suggests raising the salary floors for H-1B visa holders, which would require employers to pay higher wages to foreign workers.

3. Tightening Oversight: The plan proposes stricter oversight of companies that hire H-1B workers to prevent abuse of the system and ensure compliance with the new regulations.

4. Reducing Visa Numbers: It also suggests reducing the number of H-1B visas issued annually, which could limit the availability of these visas for employers and potential applicants.

:camby:Go home Rodger!
Oh this is a great time to get the "right" type of immigrants in those roles :mjpls: ,
 

bnew

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Berkeley Professor Says Even His ‘Outstanding’ Students With 4.0 GPAs Aren’t Getting Any Job Offers — ‘I Suspect This Trend Is Irreversible’​



There seems to be a large percentage of recent college graduates who are unemployed.​



Written on Nov 06, 2024

businesswoman talking to coworker in office
insta_photos | Shutterstock



Recent college graduates aren't fairing any better than the rest of the job seekers in this difficult market.

A college professor admitted that he's seeing it happen to some of his former students who did extremely well but are having a hard time finding work. In a LinkedIn post, James O'Brien, a professor of computer science at UC Berkeley, insisted that it's become a bleak reality for many college graduates because even though they have their degrees, a job isn't coming as easily as it should.


The Berkeley professor said even his 'outstanding' students with 4.0 GPAs aren't getting any job offers.​


"Tech degrees no longer guarantee a job. Lately, I'm hearing similar narratives from students. Previously, a Berkeley CS graduate, even if not a top student, would receive multiple appealing job offers in terms of work type, location, salary, and employer," O'Brien explained in his post.

He noticed that even outstanding students with 4.0 GPAs were now reaching out to him, worried because, despite their impressive transcripts and experience, they weren't receiving any job offers. He concluded that this was happening because of an irreversible trend that is also part of a broader issue that's impacting almost every job seeker in every area.

smiling college graduate holding diploma
spoialabrothers | Shutterstock

The professor hypothesizes that even people starting college today will find themselves in a bit of a bind 4 years down road when they are looking for employment.​


There might even be limited options available, which added to the growing number of people who have been laid off and continue to be, it's clear that there's a real issue on the horizon for future graduates.

"We should be doing something about it today," he urged. O'Brien also cited a WSJ article about how tech jobs are seemingly drying up. The publication found that postings for software development jobs have been down more than 30% since February 2020, according to Indeed.com.

Industry layoffs have continued this year, with tech companies shedding around 137,000 jobs since January.

It's disheartening to hear how lackluster the job market is for recent graduates, considering how often we hear about the benefits of going to college and that with a degree, the job market is pretty much your oyster.

Now, however, it seems that even though people are going through four years of college and accruing unimaginable debt, they are still struggling to find employment.

college student working on tablet with headphones on outside
Prostock-studio | Shutterstock

Job hunting has become a real problem for college graduates, no matter what field they're heading into.​

In a recent report from the Strada Institute for the Future of Work and the Burning Glass Institute, researchers found that 52% of graduates with only a bachelor’s degree end up underemployed a year after getting their diploma, which means they work in jobs that don’t typically require a college degree. Ten years on, that number only drops to 45%.

Similarly, a survey of employers by the National Association of Colleges and Employers found that hiring projections for this year’s college graduating class were below last year’s.

It showed that finance, insurance, and real estate organizations were planning a 14.5 percent decrease in hiring this year, a sharp turn from its 16.7 percent increase last year.

To combat the grim reality for many college students who may be inching their way toward graduation, universities and colleges are being urged to really educate their students on what the job market is like now.

That includes quality career counseling, resume reviewing, and assistance, as well as being transparent about the types of occupations that students may end up in once they are no longer in school.

Nia Tipton is a Chicago-based entertainment, news, and lifestyle writer whose work delves into modern-day issues and experiences.
 

JT-Money

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Bidenomics
:wow:


Tech jobs are mired in a recession​


In January, Jon Bach got laid off as a director at eBay, where he had worked for 13 years. He loved his job, so he was disappointed. But he didn't panic. The unemployment rate was near a five-decade low, and he had 30 years of experience in the tech industry. How hard could it be to find another job?

Pretty hard, it turned out. After applying for 135 openings, Bach has received 91 nonresponses, 42 rejections, two callbacks — and zero offers. "I don't know what's going on," he says. "I've been doing this for a minute, and I've proven my value. And then you apply to one place, two 10 places, 50 places, 135 places. And you go, 'Am I the guy I think I am?'"

By all the standard economic measures, America's labor market looks fine. But ask white-collar professionals who are actually looking for a job, and they'll tell you horror stories that are eerily similar to Bach's. As I wrote last spring, that's because the job market has essentially split into two distinct tiers. Even though hiring has held up well for lower-earning workers, it has plunged for people earning six figures or more. We're in the midst of a white-collar recession.

Now, new data from LinkedIn — which tracked how often its users landed new jobs — shows which white-collar jobs are being hit the hardest. Some of them are the usual suspects in a downturn. You don't need recruiters when you're not recruiting, so hiring in human resources has slumped by 28% since 2018. Hiring in marketing, another department that's often the first to lose its budget in leaner times, is down 23%.

But the most surprising feature of the job freeze is the pullback in tech. Hiring has plunged 27% in IT, 32% in quality assurance, and 23% in product management. In Bach's field of program and project management, recruitment has slumped 25%. Even more surprisingly, engineering, which was long considered recession-proof, is down 26%. That kind of cutback in coders was long unthinkable in Silicon Valley, which treated programmers like rare minerals — so scarce that they needed to be preserved at all costs, regardless of how the economy was faring.

plain.png
 

DJSmooth

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Berkeley Professor Says Even His ‘Outstanding’ Students With 4.0 GPAs Aren’t Getting Any Job Offers — ‘I Suspect This Trend Is Irreversible’​


There seems to be a large percentage of recent college graduates who are unemployed.​



Written on Nov 06, 2024

businesswoman talking to coworker in office
insta_photos | Shutterstock



Recent college graduates aren't fairing any better than the rest of the job seekers in this difficult market.

A college professor admitted that he's seeing it happen to some of his former students who did extremely well but are having a hard time finding work. In a LinkedIn post, James O'Brien, a professor of computer science at UC Berkeley, insisted that it's become a bleak reality for many college graduates because even though they have their degrees, a job isn't coming as easily as it should.

The Berkeley professor said even his 'outstanding' students with 4.0 GPAs aren't getting any job offers.​


"Tech degrees no longer guarantee a job. Lately, I'm hearing similar narratives from students. Previously, a Berkeley CS graduate, even if not a top student, would receive multiple appealing job offers in terms of work type, location, salary, and employer," O'Brien explained in his post.

He noticed that even outstanding students with 4.0 GPAs were now reaching out to him, worried because, despite their impressive transcripts and experience, they weren't receiving any job offers. He concluded that this was happening because of an irreversible trend that is also part of a broader issue that's impacting almost every job seeker in every area.

smiling college graduate holding diploma
spoialabrothers | Shutterstock

The professor hypothesizes that even people starting college today will find themselves in a bit of a bind 4 years down road when they are looking for employment.​


There might even be limited options available, which added to the growing number of people who have been laid off and continue to be, it's clear that there's a real issue on the horizon for future graduates.

"We should be doing something about it today," he urged. O'Brien also cited a WSJ article about how tech jobs are seemingly drying up. The publication found that postings for software development jobs have been down more than 30% since February 2020, according to Indeed.com.

Industry layoffs have continued this year, with tech companies shedding around 137,000 jobs since January.

It's disheartening to hear how lackluster the job market is for recent graduates, considering how often we hear about the benefits of going to college and that with a degree, the job market is pretty much your oyster.

Now, however, it seems that even though people are going through four years of college and accruing unimaginable debt, they are still struggling to find employment.

college student working on tablet with headphones on outside
Prostock-studio | Shutterstock

Job hunting has become a real problem for college graduates, no matter what field they're heading into.​

In a recent report from the Strada Institute for the Future of Work and the Burning Glass Institute, researchers found that 52% of graduates with only a bachelor’s degree end up underemployed a year after getting their diploma, which means they work in jobs that don’t typically require a college degree. Ten years on, that number only drops to 45%.

Similarly, a survey of employers by the National Association of Colleges and Employers found that hiring projections for this year’s college graduating class were below last year’s.

It showed that finance, insurance, and real estate organizations were planning a 14.5 percent decrease in hiring this year, a sharp turn from its 16.7 percent increase last year.

To combat the grim reality for many college students who may be inching their way toward graduation, universities and colleges are being urged to really educate their students on what the job market is like now.

That includes quality career counseling, resume reviewing, and assistance, as well as being transparent about the types of occupations that students may end up in once they are no longer in school.

Nia Tipton is a Chicago-based entertainment, news, and lifestyle writer whose work delves into modern-day issues and experiences.

:banderas: born at the right time. If you didn't graduate college between 2010 - 2019 in tech you basically got fukked.
 

JT-Money

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:banderas: born at the right time. If you didn't graduate college between 2010 - 2019 in tech you basically got fukked.
Yep. I got in right after the Great Recession ended. And if you kept advancing you would be sitting pretty right now. They can crash the tech job market if they want. I've made plenty of money and no longer need it.
 
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