Tech Industry job layoffs looking scary

[Swiggy]

I work for the DNR, and these sad sacks out here in vans and shyt, looking for monthly stay at parks this summer. It's crazy, pray for these people.

My department good, tho.

 

[Geek Nasty]

Be careful. Michael Burry Is smart but he’s also a conspiracy theory nut job. Like the devil, 98% of what he says may be true but it’s that 2% that will destroy you.

98%?

 

[LuuqMaan]

If you get sacked from a major company, gotta take the bullet and go for a smaller or midsize company

6Certs gang never lose out on money

 

[OperationNumbNutts]

I work for an insurance company. They just released financial data. We good.

Crazy. I someone who works in insurance and they had layoffs last month.

 

[Ciggavelli]

Hell Zuckerberg May be out of a job soon. This meta verse thing is a clusterfukk money pit. Value of the company is down 70% over the last year. I know the board wants his freckle faced head on a platter.

Zuckerberg can’t be fired. I just read he owns 90% of type B stocks that have 10 votes per share. Type A stocks only have 1 vote per share. Zuckerberg is a dictator

 

[Geek Nasty]

Zuckerberg can’t be fired. I just read he owns 90% of type B stocks that have 10 votes per share. Type A stocks only have 1 vote per share. Zuckerberg is a dictator

I didn’t even know they could pull that shyt

 

[Rekkapryde]

UPS -Still hiring

mufukkin Gen Z goofies don't wanna do those jobs

 

[Rekkapryde]

Nope. They're already asking some of the employees they fired to come back. Elon doesn't know what the hell he's doing. Most of those fired are probably going to Bluesky Social.The only way I'd come back to Twitter if I was one of those ex-employees is if they gave me at least 3 times my old salary.

Twitter asks some laid off workers to come back, Bloomberg reports

After Twitter Inc laid off roughly half its staff on Friday following Elon Musk's $44 billion acquisition, the company is now reaching out to dozens of employees who lost their jobs and asking them to return, Bloomberg News reported on Sunday.

www.reuters.com

BlueSky Social??? That the new Twitter?

edit: Dorsey starting that . It's been a good run Twitter. Once Bluesky is up and running....

 

[FaTaL]

Nope. They're already asking some of the employees they fired to come back. Elon doesn't know what the hell he's doing. Most of those fired are probably going to Bluesky Social.The only way I'd come back to Twitter if I was one of those ex-employees is if they gave me at least 3 times my old salary.

Twitter asks some laid off workers to come back, Bloomberg reports

After Twitter Inc laid off roughly half its staff on Friday following Elon Musk's $44 billion acquisition, the company is now reaching out to dozens of employees who lost their jobs and asking them to return, Bloomberg News reported on Sunday.

www.reuters.com

do you come back? these twitter employees get 2 months pay because of some rule in california about mass layoffs.

 

[Iceson Beckford]

mufukkin Gen Z goofies don't wanna do those jobs

Why would you want to work at UPS if you were at a major tech company

 

[gho3st]

Crazy. I someone who works in insurance and they had layoffs last month.

I am a Business Analyst which is high demand. I dont sell insurance or work support. Plus im one of the best on my team so if they wanna get rid me

 

[Rekkapryde]

Why would you want to work at UPS if you were at a major tech company

don't work don't eat

 

[morris]

been asked this. company Im at already laid off 1/5 of the staff

Anyone's employer started lay-offs already?

ask yourself in the days of LinkedIn and Indeed how they even make money They pivoted a long time ago and it’s a valuable tool for us recruiters as it’s more of a gigantic resume database than anything else.

www.thecoli.com

but there is always hope

5 black-owned tech companies hiring amid 2022 layoffs

by Russ Rizzo The Great Resignation has seen Black employees leaving behind toxic work environments in search of meaning, equitable pay, and more support. Now, Black professionals are turning to entrepreneurship at unprecedented rates. As a result, the number of Black-owned businesses in the...

www.thecoli.com

 

[Bumblebreh]

One thing you have to remember is that Tech in particular is subject to boom/bust outside of the stalwarts like Microsoft/Apple/Google/Amazon

Many of those companies grow at exponential rates, and in many cases unsustainably. WeWork is a great example of this as well. Too many start-ups and traditional companies have an aversion to running lean. They think it makes them look unsuccessful/don't have growth. And in the cases of Social Media platforms like Meta there's a big conversation around disinformation and advertising that's causing people to not spend their money on the platform for good or ill.

In the case of Intel, the US just announced that they are freezing chips and semiconductor R&D AND manufacturing in China. China is Intel's biggest market for semiconductors and chips. So if China can't make them at the rate they did, they can't sell them at the rate they did. So they take a hit as well.

Other industries don't have these kinds of issues. Travel/Hospitality are banging right now.


There's going to be a downturn, will it be like 08? No. Too many markets, and people's HOMES aren't in danger like they were then. But Tech is a weird indicator for the economy. I remember the .com bubble bursting and while that hit Wall Street, the average person was (relatively) unaffected.

You have not factored in the auto loan bubble, the debt that covid has created and that relates to the cost of living crises. Increased interest rates.

 

[Bumblebreh]

I am a Business Analyst which is high demand. I dont sell insurance or work support. Plus im one of the best on my team so if they wanna get rid me

Breh I will hire you to work for my company.