Tech Industry job layoffs looking scary

[CodeBlaMeVi]

In the context of Big Tech, finding another job ismt really the issue, the concern is losing the big tech pay and perks.

This. There are jobs but that pay and perks are long gone now.

 

[Apollo Creed]

This. There are jobs but that pay and perks are long gone now.

yeah folks aint tryna go from 300k TC to 120k base + 10-20% bonuses lol

 

[TRUEST]

My uncle said he saw it coming and figured it out decades ago so his made financial moves to ensure he could retire early. He and a few of my aunts chucked the duces at 50 and have been traveling and chillin.

I’m trying to get it together and make some shyt happen so I can do the same in 20yrs.

White dude strolled into my office today and the doctor got all in his business. By the end of the visit we all learned he invested in real estate a couple times and made enough in the sale + rental properties to retire in his 30s.

Man listen. There are ways to beat the system, but you have to know that you are truly in a system set up to keep you on the hampster wheel.

That’s the key right there you have to know. It’s an essential prerequisite to consistently motivating yourself to do what is necessary.

A man running from a wild predatory animal will always run faster than a man running for “exercise”. It’s the same activity but different motivation.

 

[Legal]

Jan 31 (Reuters) - PayPal Holdings Inc (PYPL.O) said on Tuesday it is planning to cut 7% of its workforce, or about 2,000 employees, the latest in a list of fintech firms to be hit by the economic slowdown.

The payments firm also joins Big Tech firms and Wall Street titans, which are executing layoffs across corporate America as companies look to rein in costs to ride out the downturn.

Payments firm PayPal to lay off 7% of its workforce to cut costs

PayPal Holdings Inc said on Tuesday it is planning to cut 7% of its workforce, or about 2,000 employees, the latest in a list of fintech firms to be hit by the economic slowdown.

www.reuters.com

Super dirty work going on

One of my friends just got clapped up by PayPal.

Saw the report yesterday, and thought he was fine since nothing happened yesterday.

Logged on and went to start his day, and was promptly advised that he was not fine.

If there's a silver lining, the severance package seemed pretty decent.

 

[Bleed The Freak]

Apple down 5% in revenue

Bout to be next

 

[Nicole0416_718_929_646212]

So glad I left the bank in 2021

The finance industry directly and indirectly affects my industry - I need to prepare for an exit plan just in case- no such thing as job security in tech, finance or law

 

[Bleed The Freak]

Hope it was worth it for the Tiktok stars and "lack of espresso " in breakroom folks

 

[Nicole0416_718_929_646212]

One of my friends just got clapped up by PayPal.

Saw the report yesterday, and thought he was fine since nothing happened yesterday.

Logged on and went to start his day, and was promptly advised that he was not fine.

If there's a silver lining, the severance package seemed pretty decent.

Damn. Sorry to hear that. Depending on the position, small companies with tech divisions are looking for talent, so the average out of job rate is maybe 1-3 months (which seems inline with severance packages). Salary may not be at the same rate as BigTech: Reality Check v Pay check.

They cut all business related travel expenses for my dept. a wave of retirements taking place for those with 20+ years in, since the start of the year, hiring freezes - seems like
they’re trying to trim the fat before they butcher the whole cow. They still comp all meal expenses (breakfast + lunch/dinner) for those coming into the physical office to work. (Mandated that Anyone not coming in at Least 3 days a week are getting their office taken away, petty asf )

Randomly they created a new position and hired a “consultant”, no one knows where she came from, she has no law degree and they’re quiet about what her position description is exactly. Did the research on my own about her background and looks like she’s contracted from an agency that specializes in “operational change” , legal technologies and Business wide efficiencies/strategy

Suffice it to say, if your place of employment hires a “consultant” - that’s a code word for a corporate raider rando who is more likely there to spy and/or decide if your job is “redundant” . Feels like the opening scene from “Margin Call” is looming on the horizon.


Thinking about this the other day -I have like a decade worth of shyt to pack up in my office - then I’m like, im too specialized with the knowledge base, Risk Mgmt/Analysis and Compliance are usually “safe”. I might be paranoid but rather be prepared for worst case scenario, they won’t catch me lacking. Basically I think anyone who Makes it past the chopping block over the next 6-9 months is alright. Massive cuts now as opposed to smaller cuts over an extended period of time.

 

[Nicole0416_718_929_646212]

Intel up next ….

Intel Corp. Layoffs - TheLayoff.com

Intel Corp. Layoffs: Downsizing related discussion, postings, questions and answers.

www.thelayoff.com

 

[Nicole0416_718_929_646212]

Active forums:
Currently, the most active layoff boards are:

• Accenture Inc., ADP, AIG, Alliance Data Systems, Allscripts, Allstate Corporation, Altice, American Airlines Group, Analog Devices, Anthem, Apache Oil, Ascension Health, AT&T, Avaya
• Baker Hughes, Bank of America, Barnes & Noble, Bass Pro Shops, Becton dikkinson, Bed Bath & Beyond, Belk, BNSF, BNYM, Boeing, Bose, BP PLC, Broadcom
• CA, Carefirst BlueCross BlueShield, CDK Global, Cengage, Cenovus, Centene, CenturyLink, CGG, Change HealthCare, Charles Schwab, Chesapeake Energy, Chevron, Cisco, Citrix, Coca Cola, Cognizant, Comcast, Commscope, Conduent, ConocoPhillips, Cox Automotive, CRC, Cummins, CVS
• Dean Foods, Dell, Deloitte, Denbury Resources, Devon, DeVry, Dril-Quip, DST Systems, DXC
• Emerson Electric, Enbridge, Ernst & Young - Audit/Tax/Consulting, Extreme Networks, Exxon Mobil
• Fidelity Investments, Fiserv, FMC Technologies, Follett, Ford, Fossil, Frontier Communications
• GE, GE Aviation, GE Digital, GE Healthcare, General Atomics, Giant Eagle, GlobalFoundries, GM, Gulfstream
• Halliburton, Hartford Financial Services Group, HCSC, Hertz Global Holdings, Hess Oil/Energy, Honeywell, HP, HPE, Humana, Hy Vee
• IBM, Intel
• J C Penney, JPMorgan Chase, Juniper Networks
• KPMG
• L3 Technologies, Lenovo, Lowe's, LSC Communications
• Macy's, Marathon Oil, Marathon Petroleum, Marriott International, Marvell Technology Group, Mattel, McDermott International, McKesson, Medtronic, MetLife, MGM Mirage, Micron, Microsoft, Mondelez

 

[Nicole0416_718_929_646212]

-continued-

• Mondelez
• National Oilwell Varco, Nationwide Financial Services, NCR Corp. , Neiman Marcus Group, NetApp, Nielsen, Nike, Noble Energy, Nokia, Nordstrom, Norfolk Southern, Northwestern Mutual, Novo Nordisk AS
• Occidential Petroleum, Omnicare, Optum, Oracle
• Parsley Energy, Pearson, PepsiCo, Phillips 66 Corp., Pioneer Natural Resources, Pratt and Whitney, Pure Storage
• Qualcomm, Quest Software
• Raytheon, Refinitiv, Resideo Technologies, Ricoh, Riverbed, Rockwell Collins
• Sabre, Salesforce, Sam's Club, SAP, Saudi Aramco, Schlumberger, Scientific Games, Seagate, Sears, SeaWorld, Shell Oil, Southwestern Energy, Sprint Nextel, SS & C Technologies Holdings, Staples, State Farm, State Street, SunGard Availability Services, Synamedia, Sysco
• T Mobile Us, Teradata, Textron, Thomson Reuters, Tibco Software, Truist Bank
• Union Pacific, UnitedHealth, US Bank, United States Postal Service, United States (Country)
• Verizon, Verizon Wireless, ViacomCBS, VMware
• Walgreens, Walmart, Walt Disney Company, Weatherford, Wells Fargo Bank, West, Western Digital, Whiting Petroleum, Whole Foods Market, Williams Cos, Windstream
• Xerox

 

[Nicole0416_718_929_646212]

Recently added to the list:
Boeing, Salesforce, Occidential Petroleum, Gulfstream, Hertz, Emerson Electric, BP, Belk, Accenture, Fiserv, Resideo, Apache, ViacomCBS, Pratt & Whitney, Textron, Truist, Walt Disney, Rockwell Collins, General Atomics, Sysco, Charles Schwab, Ernst & Young, Whiting Petroleum, Ricoh, Marvell Technology Group, Cummins, Ascension Health, GE Aviation, Lenovo, Cox Automotive, Coca Cola, T Mobile, JCPenney, Bass Pro, Centene, Commscope, Alliance Data Systems, Marriott, Neiman Marcus, Novo Nordisk, LSC Communications, Omnicare, Analog Devices, USPS, Carefirst, NCR, HCSC, Giant Eagle, GE Healthcare, Marathon Petroleum, Williams Cos, SS & C, Phillips 66, Comcast, Parsley Energy, BNSF, CRC, Hess, Tibco, Pure Storage, American Airlines, Hy Vee, Extreme Networks, Deloitte, Hartford, MGM Mirage

 

[Nicole0416_718_929_646212]

Companies that have completed layoffs:

Recently removed from the list:
AAP, ASO, AV, AECOM TECH, Aetna, Anadarko, AON INC, Arris GROUP, Avid Tech, Barclays Bank, BB&T Bank, Big Lots Stores, Cabela's, Cameron Intl., Capital One Financial, Citi, Colgate Palmolive, Conagra, D&B, DCEH, Dexcom, Duke Energy, eBay, Encana, EOG Resources, Evolent Health, Fiat, Frito Lay, Fry's, FTD Group, GE Power, Goodyear, Home Depot, Kaiser Permanente, Kellogg, KPMG, Kraft Foods, Kroger Co., Molina, Newfield Exploration, Newpark Resources, Nuance Communications, Nvidia, NXP, Ocwen Financial, Office Depot, Overstock.com, PayPal, Qorvo, Regions Financial, Rent-A-Center, Skyworks Solutions, SunTrust, Synopsys, Target, Tesla, TIAA CREF, University of Phoenix, UTI, Viacom, Wabtec, Walmart Pharmacy,

 

[Nicole0416_718_929_646212]

Am Law 20 Firm Begins Layoffs - Above the Law

Layoffs spread to another firm.

abovethelaw.com

Goodwin Procter, positioned at 17 in last year’s Am Law 100 with just a shade under $2 billion in revenue, appears to be in the early stages of a layoff.

We’ve already had layoff news out of Cooley LLPand Gunderson and even Kirkland. While the nation’s financial outlook is still dodgy, encouraging economic developments and a vivid memory of the Great Recession appear to have stayed the pink slip hand of most firms, firms with substantial tech work seem to be getting hit a little harder than the rest of the market.

 

[JT-Money]