Tech Industry job layoffs looking scary

[the bossman]

Homegirl of mine got on with Intel about 8 months ago. Making 140K, free medical, fully remote, flex PTO. Just told today, 6% salary cut, 401k down to 2% from 9, and no bonus this quarter.

She’s probably cheaper than the other within her team. She’s looking for a job now just in case they cut her the next round.

They was doing 9% match on 401k???

 

[ba'al]

Thinking about switching to a different industry. Just not sure where to jumpship.

 

[levitate]

Zoom is laying off 1,300 employees, around 15 percent of its workforce

A deeper cut than other recent tech layoffs

www.theverge.com

 

[Mastamimd]

All those skinemax movies coming to paramount +

They stopped doing those ages ago my guy lol

 

[semicko82]

Thinking about switching to a different industry. Just not sure where to jumpship.

Just joking

 

[Spence]

They stopped doing those ages ago my guy lol

No backlog either???!

 

[Nicole0416_718_929_646212]

Homegirl of mine got on with Intel about 8 months ago. Making 140K, free medical, fully remote, flex PTO. Just told today, 6% salary cut, 401k down to 2% from 9, and no bonus this quarter.

She’s probably cheaper than the other within her team. She’s looking for a job now just in case they cut her the next round.

She needs to get her resume back in circulation - it’s not a matter of “if” but when. Only 8 months on the job = expendable.

 

[Carlton Banks]

You did the right thing. Cybersecurity is extremely top heavy. With the lion share of the money going to really senior people. You could spend years trying to climb the ladder while getting worked into the ground.
I wouldn't do it for less than 100K for the amount of shyt they expect you to know.

Cybersecurity teams are reaching their breaking point. We should all be worried

Stress and burnout are having a massive impact on cybersecurity teams, leaving people and businesses more vulnerable than ever.

www.zdnet.com

An honest post. Thank you

 

[Bleed The Freak]

What I feel like this is really about. A lot of these companies don't even need to layoff looking at their financials.
They get to trim the fat laying off a lot of Staff engineers who were basically in vest and rest mode while also resetting the salary offer bands for '23 and '24
Then the psychological effect of the layoffs has every one focused and working harder as they push stricter KPIs and metrics

American way

 

[Mastamimd]

No backlog either???!

Idk but with internet porn on the rise they realized that it was pointless putting money in it

I miss them too man smh

 

[Nicole0416_718_929_646212]

Boeing cutting 2k on jobs
Draft kings cutting 140 folks
Okta cutting 300
NetApp 960 folks
Rivian 6%
Phillips 3k
HubSpot 7%
SAP 3k
Groupon 500 employees
DOW Chemical 2k

List goes on

 

[Spence]

Idk but with internet porn on the rise they realized that it was pointless putting money in it

I miss them too man smh

They actually had plots and set design plus hot bytches that couldn’t act to save their lives, the 90’s was a lawless time

 

[Bleed The Freak]

The board

 

[Nicole0416_718_929_646212]

Even well-funded fintech companies are laying off workers | TechCrunch

PayPal, SoFi, DriveWealth and Decent are among the fintech companies that recently laid off employees.

techcrunch.com

 

[buzzkill]

just got laid off from a start up company
have a interview for tomorrow