It’s a dark time to be a tech worker right now::Nearly 300,000 tech employees have been laid off since last year, data shows.
It’s a dark time to be a tech worker right now::Nearly 300,000 tech employees have been laid off since last year, data shows.
Explain me like I’m five - why?
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.
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.
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.
The industry is experiencing historic shrinkage post COVID due to unsustainable growth during COVID.