Tech Industry job layoffs looking scary

[the bossman]

D.C. mayor calls out the White House for its lax return-to-work policies

The city wants federal workers downtown this year — or access to their offices.

www.axios.com

I get what the mayor is saying. Either bring folks back into the buildings or sell them off so other entities can take over these empty buildings. A lot of folks want to convert these office buildings into multi use residential units.

As for feds returning back to the office? That genie ain't going back into the bottle. Agencies outside of the NatSec departments are giving folks a minimum of 3 days a week telework.

Whole area stuck like chuck. Arlington County is in a world of hurt right now. That new 2 billion dollar Amazon HQ building started construction right before COVID hit. So Arlington had projected to have tens of thousands of high-paid workers throwing money all over the place by now at hotels, bars for happy hour, dry cleaners and all.

Amazon’s HQ2 project is stuck in the past

In Arlington, Virginia, Amazon is building more than 5 million square feet of office space in a world where offices are no longer prized.

www.protocol.com

Arlington lookin at them like y'all better bring yall workers back or we take some of these tax breaks back

 

[Serious]

“Meta managers and directors targeted in the initiative will be told to transition to an “individual contributor” role at the company — such as coding, design or research — or exit altogether, Bloomberg reported, citing people familiar with the matter. The managers will no longer be responsible for overseeing other employees”

The equalizing - everyone of those mangers who treated their team like shyt are about to have an ego check when they can’t exert their authority


Which also means that they weren’t really needed in the first place

I mean let’s be real here, she was a manager at meta:



It doesn’t get more useless than this

 

[dtownreppin214]

This shyt making people tighten up their spending and fukking up my sales


Might start working again if shyt keeps up

You on the Amazon/Shopify hustle?

 

[Apollo Creed]

I mean let’s be real here, she was a manager at meta:



It doesn’t get more useless than this

Product Manager is an IC role

 

[Silkk]

You on the Amazon/Shopify hustle?

You could say that

 

[JT-Money]

“Meta managers and directors targeted in the initiative will be told to transition to an “individual contributor” role at the company — such as coding, design or research — or exit altogether, Bloomberg reported, citing people familiar with the matter. The managers will no longer be responsible for overseeing other employees”

The equalizing - everyone of those mangers who treated their team like shyt are about to have an ego check when they can’t exert their authority


Which also means that they weren’t really needed in the first place

You mean everyone will be equal and these clowns can't take credit for your work anymore?

 

[Nicole0416_718_929_646212]

And the shyt storm gets worse:


The severance package Google gave to 12,000 employees it laid off on Jan. 20 was among the best in the tech industry, but it wasn’t as good as many of the affected employees were initially told.
Google on Thursday notified soon-to-be former employees in the U.S. that it had incorrectly calculated the number of the stock grants many of them would receive, according to a copy of an email viewed by The Information. The result: some laid-off employees are getting tens or even hundreds of thousands of dollars less than they were told in an earlier layoff email from the company.

Google Miscalculates Stock Severance, Apologizes to Laid-Off Workers

The severance package Google gave to 12,000 employees it laid off on Jan. 20 was among the best in the tech industry, but it wasn’t as good as many of the affected employees were initially told. Google on Thursday notified soon-to-be former employees in the U.S. that it had incorrectly ...

www.theinformation.com

 

[Nicole0416_718_929_646212]

'Inaccurate Calculation' Leaves Laid Off Google Employees Confused About Severance Package

Former Google employees were informed the stock numbers in their severance packages were miscalculated.

gizmodo.com

 

[MoneyTron]

I mean let’s be real here, she was a manager at meta:



It doesn’t get more useless than this

As I said before, don't see how you could tell that from a video. Most of these type videos were recruiting props anyway.

 

[Sir ZDuke]

As I said before, don't see how you could tell that from a video. Most of these type videos were recruiting props anyway.

Seeing as the broad in the vid still works at Meta, you’re probably right

 

[MikelArteta]

a computer took your place daddy @Silkk

 

[Spence]

Question for those in the IT industry. Do you think the layoffs is a big restructuring strategy so companies will not be paying IT professionals these large salaries we hear about in the long run.

Correct

 

[Silkk]

a computer took your place daddy @Silkk

Took who place?

 

[skyrunner1]

This shyt making people tighten up their spending and fukking up my sales


Might start working again if shyt keeps up

I remember reading thru the 6 cert IT thread and seeing you on the grind

 

[JT-Money]

Companies are using layoffs to cut new-hire salaries and win back the power they held before the pandemic, some recruiters say​

Companies are using layoffs to cut new-hire salaries and win back the power they held before the pandemic, some recruiters say

Recruiters lowering pay for new hires could erode salary-negotiation power for longer-tenured employees.

www.businessinsider.com