Tech Industry job layoffs looking scary

[JLova]

Unlike 2008, this recession is really about Gen Z not taking the bait to be exploited and baby boomers are retiring due to many of them being over 70+. ITs interesting to see how people are not going to fall for the trap that they fell into back in 08 and moving smarter.

Yes. I wonder how long they will hold out though. It’s sickening to see how baby boomers are ducking people.

 

[Apollo Creed]

Damn that's a good point and a MAJOR hole in some tech firms.

Being a computer whiz doesn't equate to understanding market trends, finance etc.

Being a great salesperson/big picture guy often means you're not proficient at the I/O game. Someone that has the slick talk of a salesman with the tech knowledge to back it up is damn near a unicorn. Does the nerd have the wisdom to acknowledge his own shortcomings? Does the MBA even know he HAS shortcomings?

Ultimately it's a team effort. Usually Engineer lead orgs are run like shyt and lack vision. Apple is one of the rare cases a Product guy ran the show (to build it up). If you look at Apple now, Tim Cook is a supply chain/operations guy and many would say you see the 'magic' of apple has declined.

 

[Cereal_Bowl_Assassin]

Speak on it breh

Not gonna lie it hurts a little bit. I worked hard to get to this level. I was working for the government and leading a team. My salary was crazy...more money than I could've ever thought of and just like that its gone. Its all good though im not bummed just have to work hard for the next position. Im going to take a quick break and head to Miami for a music festival to recharge and then come back and start appliying"

 

[Serious]

Not gonna lie it hurts a little bit. I worked hard to get to this level. I was working for the government and leading a team. My salary was crazy...more money then I could've ever thought of and just like that its gone. Its all good though im not bummed just have to work hard for the next position. Im going to take a quick break and head to Miami for a music festival to recharge and then come back and start appliying"

wish you well fam, we all kind of edge right now.

Coli fam, free feel to reach out to this cat, if you have any leads.

 

[chineebai]

Yes. I wonder how long they will hold out though. It’s sickening to see how baby boomers are ducking people.

Baby boomers have a simple philosophy in the words of carlin, GIVE ME THAT ITS MINE

 

[JLova]

Not gonna lie it hurts a little bit. I worked hard to get to this level. I was working for the government and leading a team. My salary was crazy...more money than I could've ever thought of and just like that its gone. Its all good though im not bummed just have to work hard for the next position. Im going to take a quick break and head to Miami for a music festival to recharge and then come back and start appliying"

I thought government jobs where some of the most secure jobs out there. Is that not true?

 

[lightskin jermaine]

I thought government jobs where some of the most secure jobs out there. Is that not true?

unless he was a contractor

 

[Yinny]

It’s crazy how quickly the market changed from last year

 

[StretfordRed]

My new FAANG job won’t be here until June!

Seems like these companies are still trying to level their finances.

 

[Cereal_Bowl_Assassin]

I thought government jobs where some of the most secure jobs out there. Is that not true?

Its very true but I was contracted out to them

 

[papa pimp]

My new FAANG job won’t be here until June!

Seems like these companies are still trying to level their finances.

I think most companies were holding out hope the markets would improve by the beginning of the next fiscal year but this bank collapse pretty much ensured the hiring freeze will go into 2024.

 

[Apollo Creed]

I think most companies were holding out hope the markets would improve by the beginning of the next fiscal year but this bank collapse pretty much ensured the hiring freeze will go into 2024.

I don't see any stability until Summer 2024 earliest, as we go into elections.

 

[Serious]

It’s crazy how quickly the market changed from last year

It’s not crazy when you consider that easy money dried up.

We won’t see a new normal until interest rates drop.

 

[Tr0yTV]

My new FAANG job won’t be here until June!

Seems like these companies are still trying to level their finances.

You tired of consulting too huh

 

[boxfullofjoel]

A lot of this led by over leveraging and overvaluations from a couple of years ago not necessarily the health of the industry. companies were borrowing when the rates were low and because corporate debt is tied to interest rates everybody liabilities are rising and the fed hasn’t said when they gonna stop . So companies gotta cut cost to offset debt payments