Tech Industry job layoffs looking scary

[JLova]

I don't feel you can be high performing and worry about being let go at the same time. It's also not an employees job to measure their value to the company, their job is to do their job. Focus on your own goals and the path ahead of you. Constantly living in fear is stressful af! The only fear I have is not meeting my own personal goals. I really DGAF about an employer for real.

I've also been unemployed multiple times throughout my life, fired, laid off and/or quit, so my fear of being without work dissipated a while ago. Bills don't care where the money came from as long as they get paid.

I agree. Living in fear of shyt you can’t control is unproductive. But it’s natural for people to be impacted in a climate where thryre seeing colleagues laid off. The key is to out yourseld in a position where it won’t matter if you get let go.

And yes, no one should care about their employer…that’s foolish. Just work on yourself and your own goals. It’s really the people who are in serious debt or living cheque to cheque who are the most fearful.

 

[JLova]

An issue too that doesn't get a lot of attention is in these tech layoffs a lot of these workers on are visas and were on only work visas to stay here, not a standard green card.

Gonna be a whole lot of deportations. And tears.

Dude on LinkedIn was from India. Flew in…signed his lease and was let go a month later. That shyt is evil.

 

[Apollo Creed]

I don't feel you can be high performing and worry about being let go at the same time. It's also not an employees job to measure their value to the company, their job is to do their job. Focus on your own goals and the path ahead of you. Constantly living in fear is stressful af! The only fear I have is not meeting my own personal goals. I really DGAF about an employer for real.

I've also been unemployed multiple times throughout my life, fired, laid off and/or quit, so my fear of being without work dissipated a while ago. Bills don't care where the money came from as long as they get paid.

this is why I say work smart not hard.

All that stressing and trying to impress eventually leads to depression which leads to health issues and under performance.

literally treat work like a date. Enjoy the ride and understand eventually it ends

 

[Bleed The Freak]

this is why I say work smart not hard.

All that stressing and trying to impress eventually leads to depression which leads to health issues and under performance.

literally treat work like a date. Enjoy the ride and understand eventually it ends

Part of the problem with tech workers too is they thought they were always in the industry because it was high paying and very highly skilled that they would always be the last to let go during an economic downturn because of their unique skill set.

You never see plumbers or electricians laid off though

 

[Dallas' 4 Eva]

Part of the problem with tech workers too is they thought they were always in the industry because it was high paying and very highly skilled that they would always be the last to let go during an economic downturn because of their unique skill set.

You never see plumbers or electricians laid off though

That's because there is a shortage of us(I'm an Electrician). There is a massive massive surplus of people in tech trying to get a job.

If there were more of us there might be layoffs more often.

Reality is tech industry is bloated and somewhat overpaid and it's about to come back to where they feel it should be.

 

[Bleed The Freak]

I'm in supply chain- this particular segment (knock on wood) has been rock solid even during pandemic. I'm not in manufacturing thank god.

 

[Bleed The Freak]

That's because there is a shortage of us(I'm an Electrician). There is a massive massive surplus of people in tech trying to get a job.

If there were more of us there might be layoffs more often.

Reality is tech industry is bloated and somewhat overpaid and it's about to come back to where they feel it should be.

That's why one of my older posts was it's basically going back to what it should have been. Folks stay at home habits got inflated with the pandemic.

My cousin is an electrician and EATS.

 

[Dallas' 4 Eva]

That's why one of my older posts was it's basically going back to what it should have been. Folks stay at home habits got inflated with the pandemic.

My cousin is an electrician and EATS.

Yup. People thought they was gonna keep them California salaries, but living on down south cost of living forever. They not gonna let folks game the system like that forever, that shyt high key has fukked up the housing markets in several states as well. The writing was on the wall they was eventually gonna bring that shyt to a halt.

 

[Bleed The Freak]

Yup. People thought they was gonna keep them California salaries, but living on down south cost of living forever. They not gonna let folks game the system like that forever, that shyt high key has fukked up the housing markets in several states as well. The writing was on the wall they was eventually gonna bring that shyt to a halt.

Nikkas thought them shareholders was playing.

Wall Street told them shyt was over back in 2021 and be ready 1st quarter 2023.

Aint no way they was gonna let folks collect 500k from Cali and live in Salt Lake City long-term.

Everything from real estate to small business round tables to chamber of commerce told them to get shyt back in order.

 

[papa pimp]

Big Tech ≠ Tech industry. Payrolls continue to expand and the labor market is still tight due to the large gulf left by boomers dying/retiring (a time bomb the mainstream has ignored) during the pandemic. Gen x and Gen z are small generations and can't help replace the roles boomers left 1:1 and so you have more roles than people. It sucks to be let loose but citizens (not h1b) should land on their feet if they actually hunt. MAANG/FAANG is in a hiring freeze and laying off but there are plenty of technical roles in other industries that are still hiring and eager to scoop up what they deem as "high level MAANG/FAANG engineers". Look at the LinkedIn comments of any the laid off MAANG/FAANG workers and its just 100s of comments begging them to apply at xyz. No, you won't get those outrageous RSUs and signing bonuses but will still be paid well above what the median American's total comp is. Ultimately, the real worry for everyone should be if Jerome Powell and the FED keep raising rates 75 bps in an obsessive pursuit to curtail low unemployment and inflation.

 

[Bleed The Freak]

N%

Big Tech ≠ Tech industry. Payrolls continue to expand and the labor market is still tight due to the large gulf left by boomers dying/retiring (a time bomb the mainstream has ignored) during the pandemic. Gen x and Gen z are small generations and can't help replace the roles boomers left 1:1 and so you have more roles than people. It sucks to be let loose but citizens (not h1b) should land on their feet if they actually hunt. MAANG/FAANG is in a hiring freeze and laying off but there are plenty of technical roles in other industries that are still hiring and eager to scoop up what they deem as "high level MAANG/FAANG engineers". Look at the LinkedIn comments of any the laid off MAANG/FAANG workers and its just 100s of comments begging them to apply at xyz. No, you won't get those outrageous RSUs and signing bonuses but will still be paid well above what the median American's total comp is. Ultimately, the real worry for everyone should be if Jerome Powell and the FED keep raising rates 75 bps in an obsessive pursuit to curtail low unemployment and inflation.

Folks have figured out that the government and businesses work hand in hand and need a certain amount of worker bees to keep the wheels of this bytch in motion.

It's the Dana White mentality. Keep them cheap and hungry

 

[the bossman]

It's also not an employees job to measure their value to the company,

Big Tech ≠ Tech industry. Payrolls continue to expand and the labor market is still tight due to the large gulf left by boomers dying/retiring (a time bomb the mainstream has ignored) during the pandemic. Gen x and Gen z are small generations and can't help replace the roles boomers left 1:1 and so you have more roles than people. It sucks to be let loose but citizens (not h1b) should land on their feet if they actually hunt. MAANG/FAANG is in a hiring freeze and laying off but there are plenty of technical roles in other industries that are still hiring and eager to scoop up what they deem as "high level MAANG/FAANG engineers". Look at the LinkedIn comments of any the laid off MAANG/FAANG workers and its just 100s of comments begging them to apply at xyz. No, you won't get those outrageous RSUs and signing bonuses but will still be paid well above what the median American's total comp is. Ultimately, the real worry for everyone should be if Jerome Powell and the FED keep raising rates 75 bps in an obsessive pursuit to curtail low unemployment and inflation.

Exactly this. Big tech is making news headlines but even with all their layoffs recently unemployment overall is still near record lows. Plenty of tech jobs out there so long as you have in demand skillset

 

[the bossman]

There is a massive massive surplus of people in tech trying to get a job.

If there were more of us there might be layoffs more often.

Reality is tech industry is bloated and somewhat overpaid and it's about to come back to where they feel it should be.

This isn't really the case with tech industry as a whole. As the breh said a few posts ago, big tech does not represent the whole industry. You can't really just paint it with one broad brush. There's a huge shortage of talent in certain sectors (e.g. Cloud, ML/AI, etc.) Anyone with these skills is eating very well right now and foreseeable future. Even if you get let go from a FAANG you would be landing on your feet at another gig shortly for same pay. Sometimes even more

 

[Rawtid]

Exactly this. Big tech is making news headlines but even with all their layoffs recently unemployment overall is still near record lows. Plenty of tech jobs out there so long as you have in demand skillset

if the company posts an opening, they should already know what value that position brings to the company. LOL it's not the person who interviewed and got the job to figure it out. This is why y'all be so sad when layoffs because YOU determined you had value and they determined you did not. Do you jobs, get your skills, let them figure it out.

 

[the bossman]

if the company posts an opening, they should already know what value that position brings to the company. LOL it's not the person who interviewed and got the job to figure it out. This is why y'all be so sad when layoffs because YOU determined you had value and they determined you did not. Do you jobs, get your skills, let them figure it out.

That head down mentality doesn't make sense if you want a long lasting lucrative career. It's very important to understand and know what value you and your role brings to the company.

This helps you in salary negotiations and when you want to make the case to justify why you deserve a certain raise.

Also understanding whether your role is more or less likely to fit with the company's current or future strategy.

Even if you do let go you should be able to articulate what value you brought to the company when you're interviewing for the next gig.