Tech Industry job layoffs looking scary

[num123]

As you make more money, your time becomes more valuable. Things you wouldn’t spend money on when you made 50k you are more likely to throw some money at when you make 150k if it means you are freed up to do something else.

I make close to 150k on base salary, damn near after the bonus (Network Engineer). My spending habits have not dramatically increased from making less than that. I live comfortably spending nowhere what i bring because i am not buying frivolous shyt or getting locked into payments for things at prices i can only afford with my salary.

We have a problem where there are people that are making real good money, or just money at all, that do not plan for anything. No savings for emergencies, job loss, injury, etc.. and all we are given are excuses why people can not do it. Because you make 150k you should order takeout every day? Rent or buy houses where the morgage is a good deal of your income? Buying things just because you can?

The moral of the story? Live below your means.

 

[JLova]

What? You mean the more money some people make they think they need to spend more. That is the problem with Americans, there is little to no desire to save money for short or long term issues.

That’s not what it is.

 

[IIVI]

 

[JT-Money]

I ain't gonna lie you got tons of made up positions in tech. I can't figure out what half these people really do. If you got rid of these mostly senior people would they really be missed.

Google and Meta over-hired thousands of employees who do 'fake work,' says PayPal Mafia's Keith Rabois

A growing number of prominent venture capitalists say tech workers got too comfortable with big salaries and perks while not doing meaningful work.

www.businessinsider.com

 

[CrimsonTider]

I make close to 150k on base salary, damn near after the bonus (Network Engineer). My spending habits have not dramatically increased from making less than that. I live comfortably spending nowhere what i bring because i am not buying frivolous shyt or getting locked into payments for things at prices i can only afford with my salary.

We have a problem where there are people that are making real good money, or just money at all, that do not plan for anything. No savings for emergencies, job loss, injury, etc.. and all we are given are excuses why people can not do it. Because you make 150k you should order takeout every day? Rent or buy houses where the morgage is a good deal of your income? Buying things just because you can?

The moral of the story? Live below your means.

STFU

 

[Wild self]

I make close to 150k on base salary, damn near after the bonus (Network Engineer). My spending habits have not dramatically increased from making less than that. I live comfortably spending nowhere what i bring because i am not buying frivolous shyt or getting locked into payments for things at prices i can only afford with my salary.

We have a problem where there are people that are making real good money, or just money at all, that do not plan for anything. No savings for emergencies, job loss, injury, etc.. and all we are given are excuses why people can not do it. Because you make 150k you should order takeout every day? Rent or buy houses where the morgage is a good deal of your income? Buying things just because you can?

The moral of the story? Live below your means.

A lot of people bills consist of luxury items that they deem as necessities. Like German luxury whips, fancy IG clout shyt, and so on.

But I agree that the job market is savage and needs a correction of greed employers low-balling their employees/

 

[papa pimp]

Private payrolls rose by 242,000 in February, better than expected, ADP says

Companies added jobs at a brisk pace in February as the labor market kept humming, payroll services firm ADP reported Wednesday.

www.cnbc.com

 

[Umoja]

I make close to 150k on base salary, damn near after the bonus (Network Engineer). My spending habits have not dramatically increased from making less than that. I live comfortably spending nowhere what i bring because i am not buying frivolous shyt or getting locked into payments for things at prices i can only afford with my salary.

We have a problem where there are people that are making real good money, or just money at all, that do not plan for anything. No savings for emergencies, job loss, injury, etc.. and all we are given are excuses why people can not do it. Because you make 150k you should order takeout every day? Rent or buy houses where the morgage is a good deal of your income? Buying things just because you can?

The moral of the story? Live below your means.

Facts.

The situation is shyt but I find it hard to feel sorry for them when they've had their head up their ass for the last 10 years.

They were earning enough money that they could have created a nice safety net for themselves.

 

[num123]

Facts.

The situation is shyt but I find it hard to feel sorry for them when they've had their head up their ass for the last 10 years.

They were earning enough money that they could have created a nice safety net for themselves.

More than a nice safety net for sure. I cant feel bad for them when at some point soon they will get another job making close, if not the same as they did before.

 

[Umoja]

More than a nice safety net for sure. I cant feel bad for them when at some point soon they will get another job making close, if not the same as they did before.

They won't. It's pretty clear that the bubble has burst. Many of then will have to rely on their transferable skills and move into a different sector where the pay is less.

 

[Starski]

Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis

The tech-focused bank was closed by regulators on Friday after attempts to raise more capital failed.

www.cnbc.com

Highly exposed to venture & startup tech/healthcare

 

[JT-Money]

Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis

The tech-focused bank was closed by regulators on Friday after attempts to raise more capital failed.

www.cnbc.com

Highly exposed to venture & startup tech/healthcare

Never trusted working a a Startup. They just don't have enough access to Capital for me.

 

[papa pimp]

Always new tech companies popping up. Always money to be made if you willing to pivot and learn new things.

startups get funded everyday b

The Real-Time Database for Dealmakers: Fundz

Fundz helps people discover and close more deals after key business trigger events, such as new fundings, executive hirings and acquisitions.

www.fundz.net

Damn, it was all good just a week ago...

 

[JT-Money]

Millionaire and billionaire CEOs say thousands of laid-off tech staff just did 'fake work'

As big tech companies shed jobs, founders and investors like Elon Musk and Keith Rabois say workers have sat around doing nothing for too long.

www.businessinsider.com

Most companies will never get rid of all their dead weight. These people are too entrenched in organization and will always dodge accountability. Once the Recession is over these tech companies will go back to hiring made up positions again.

 

[FreshFromATL]

Millionaire and billionaire CEOs say thousands of laid-off tech staff just did 'fake work'

As big tech companies shed jobs, founders and investors like Elon Musk and Keith Rabois say workers have sat around doing nothing for too long.

www.businessinsider.com

Most companies will never get rid of all their dead weight. These people are too entrenched in organization and will always dodge accountability. Once the Recession is over these tech companies will go back to hiring made up positions again.

It's all competition at the end of the day, bruh. Organizations that boast the most talent generally wins.