Tech Industry job layoffs looking scary
- Thread starter dtownreppin214
- Start date
@humminbird you work in the tech industry, right?
What about the retail, service, restaurant industries?
dora_da_destroyer
Master Baker
Hope the companies get this out their system now and we see more hiring in late q3 and q4
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humminbird
Veteran
yeah
Rev Leon Lonnie Love
damned mine eyes, DAMNED mine eyes!!
Just saw on the news Capitol One is also jumping on the layoff bandwagon 
They had a layoff of contractors late 2022, like 2000 people.Damn. I think Apple is the only tech company that hasn’t had a mass layoff yet. Google is offering a great severance though. That’s enough time to chill and not rush to find something new.
Rev Leon Lonnie Love
damned mine eyes, DAMNED mine eyes!!
I wonder if there have been brehs who got layed off in one company, interviewed and got a new job in another then a month later got layed off since they were new.
They're probably swimming in severance money right now
They're probably swimming in severance money right now
skyrunner1
Superstar
Im not too familiar with retail, dont have a background in that or many contacts, so I would just be speaking on whats in news and making assumptions. I do know about hospitality and restaurants but mostly local to south florida as I was in that arena back in day and still keep alot of contacts. After covid ALOT of people didnt go back and even the high end spots where servers make close to 100k didnt go back. Im talking Prime, Setai, Fountainbleu type level so they started doing things they never do and hiring anybody, service noticeably went down drain, LOTS of complaints of servers not being on point and if someone is paying a premium for a steak or night out, the service has to be there.
I know clubs were already hurting (thats why alot of promoters were pivoting to themed/entertainment style restaurants) but after its been even worse. There was ALOT of money flooding the streets so they were eating from Crypto, mortgage brokers, scammers, etc. but all 3 dried up. Strip clubs down BAD, have had multiple bartenders txt, call since LAST spring/summer looking for legit gigs, that NEVER happens (told them take they ass to beach cuz its money there and thats their skillset).. There was a big boat show in ft lauderdale last month, money was made but attendance was down, so affects definitely being felt and seen across the board from extreme high end to the streets.
Definitely must be local because the hospitality and service industry is still understaffed and looking to hire all the time. That sector is still pretty strong when it comes to available jobs.
The Radiant One
Superstar
Photos: Bankhead townhome prices are edging closer to $800K
Near future Microsoft campus and BeltLine, Brock Built's Ten29 West project is half-sold
People in Atlanta buying overpriced townhomes because microsoft may put a campus next to it. Now with the layoffs who knows when that will happen
Alot of these talented folks that got laid off are gonna end up at startups that have both a need and capital runway.
Or they'll pivot into other functions/disciplines.
Recruiters really should look into HR generalists or even Total Rewards. less cyclical and always a need.
Or they'll pivot into other functions/disciplines.
Recruiters really should look into HR generalists or even Total Rewards. less cyclical and always a need.
lol said startups are running out of cash and most astute investors are not injecting more
they dont wanna dilute the shareholders so they wont issue equity at trash valuations
they are not profitable enough or sticky enough (unless theyre enterprise B2B software companies) to warrant debt investments
itll be a vortex....a slippery slope
in times like this, sales & marketing, and administrative staff are the first to get cut in tech
