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It’s a dark time to be a tech worker right now
(finance.yahoo.com)
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this post was submitted on 15 Feb 2024
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Because the big tech companies are laying off, all the tech companies have decided they too need to layoff people to lower costs, improve profits, report better earnings, etc.
Fast forward to next year when they’re up shit creek because their skeleton crews can’t possibly do All The Things. Executives retire, take huge bonuses; repeat.
Reminds joke from Ekaterina Shulman:
New governor gets elected and old governor says to new one: "In my office there is safe, there are three letters in it. When you can't hold your position read one letter."
Letters were:
There's no evidence that the layoffs at these firms are actually tech workers. Tons of other positions exist at these companies, like managers, sales, marketing, support staff.
My money is on administrative/clerical. This is the easiest to automate.
What on earth do you mean no evidence? I mean just check layoffs.fyi which specifically tracks this.
I’m trying to find where on the site where it tracks the type of employees laid off but it doesn’t seem to track that at all?
For companies/employees that choose to share (eg in hopes of getting recruited to a new job) you can even get individuals information from that site. That includes actual job titles.
These companies tend to be very light on administrative roles anyway. So the ratios make sense even if they just laid off 5% of staff in total.
I’m not seeing that at all. Only total employees laid off and the industry the company is in.
You don't know what you're talking about. I personally know multiple devs who were laid off from my company. These companies don't give a shit about your skills anymore, they're purely looking at how much money you cost them.
Devs are getting laid off, but he actually does have a point that in the case of several of the biggest companies, the hardest hit were middle management, not devs.