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Laid-off techies face ‘sense of impending doom’ with job cuts at highest since dot-com crash
https://www.cnbc.com ^ | Mar 15, 2024

Posted on 04/09/2024 6:47:59 PM PDT by 11th_VA

click here to read article


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To: sten

[revoke the H1B’s and send them packing]

yes


41 posted on 04/10/2024 2:50:39 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: 11th_VA

“Last month’s job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode.”

But THIS year, it has nothing to do with a financial crisis because, as we’re told daily, we’re in good shape thanks to Biden. /s

Her company is PAYpal. When people don’t have money to spend, they can’t PAY money. Does she even get it?


42 posted on 04/10/2024 2:53:21 AM PDT by MayflowerMadam (Navarro didn't kill himself.)
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To: MayflowerMadam

[was laid off by PayPal]

Guess I have to revise that.

Welcome to the party, PayPAL!!


43 posted on 04/10/2024 2:55:37 AM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: 11th_VA

Bfl


44 posted on 04/10/2024 2:56:26 AM PDT by RoosterRedux (A person who seeks the truth with a closed mind will never find it. He will only confirm his bias.)
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To: 11th_VA
of any February since 2009

So we're finally admitting we were not recovering in 2009? Guess what. We weren't. The Great Recession started in the jobs market in 2007 and we didn't really come out of it until 2015. Obama's idiotic policies prolonged the agony considerably.

45 posted on 04/10/2024 3:26:50 AM PDT by FLT-bird
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To: politicket

I say this as someone who’s lifelong best friend (ie since 4 years old) is Indian. The ones we got in the past were generally good. Back then you had to prove you were not going to be a burden on society to get into the US. Now we let in hordes and hordes of Indians on H1B visas and they hold a lot of jobs in Tech and Finance. Unlike the earlier immigrants, these tend to be Left leaning.

Firstly, it should always COST MORE MONEY to hire a foreigner than it does to hire an American in America. Companies should be charged a fee of $40-50K per year for each H1b foreigner they employ to ensure this. Secondly, we sure as hell don’t need a bunch of Leftists. Send ‘em back.


46 posted on 04/10/2024 3:43:49 AM PDT by FLT-bird
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To: Drew68
When basic AI models like GPT-3 can write and debug complex code, it significantly improves the productivity of individual programmers and reduces the need for staff. Many industries and professions are about to undergo this kind of change.

This is going to cause a tectonic shift in the employment landscape as workers and managers adapt.

47 posted on 04/10/2024 3:52:50 AM PDT by RoosterRedux (A person who seeks the truth with a closed mind will never find it. He will only confirm his bias.)
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To: 11th_VA

Maybe we should repatriate those tech jobs we’ve been offshoring.


48 posted on 04/10/2024 3:57:50 AM PDT by TwelveOfTwenty (Will whoever keeps asking if this country can get any more insane please stop?)
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To: wally_bert

I’m a software engineer with 35 years of experience. I recently decided to leave my current position because, among other things, the commute was a nightmare.

I had my resume out there and shortly got about 12 job offers. Had some interviews, and settled on 2 companies. I finally decided on the first one, especially since a friend of mine, who was a past boss and a great guy, works there.

When I sent my regrets to the second company, they got desperate. They offered more money, reduced hours, a project where I could work from home, etc. I respectfully declined, explaining how my friend works at the other company.

They were very gracious, and understood my motivations. At the end, they said to please keep them in mind for referrals should anyone else in my old company decides to quit.


49 posted on 04/10/2024 4:07:30 AM PDT by COBOL2Java ("Life without liberty is like a body without spirit." - Kahlil Gibran)
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To: 11th_VA

I have no love for these people at the moment.

It’s not just that Microsoft, Apple, Google, and many others are pushing wokeness as far as anybody can, it’s that their employees are supporters of it and they’re the ones doing the lifting to get it done.

These employees/workers went woke - now, the workers go broke.

That phrase does NOT just apply to the corporation itself.


50 posted on 04/10/2024 7:22:36 AM PDT by ProgressingAmerica (The historians must be stopped. They're destroying everything.)
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To: 11th_VA

Maybe they should learn to code?


51 posted on 04/10/2024 7:43:03 AM PDT by Redleg Duke (“Who is John Galt?”)
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To: Uncle Miltie

I graduated from college with an EE degree in June of 1970. Got my dream job out in southern California with an aerospace firm. Three months later, I got laid off. Not employed long enough to get unemployment. Went home to Wisconsin with my tail between my legs.

Oh, by the way, the government cut the funding to the aerospace industries to “spend the money on unemployment”!


52 posted on 04/10/2024 7:45:46 AM PDT by Redleg Duke (“Who is John Galt?”)
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To: RoosterRedux
When basic AI models like GPT-3 can write and debug complex code, it significantly improves the productivity of individual programmers and reduces the need for staff. Many industries and professions are about to undergo this kind of change. This is going to cause a tectonic shift in the employment landscape as workers and managers adapt.

This is already accelerating in my workspace. The "new" propeller-heads are manipulating complex learning algorithms and getting consistent and reliable code from repositories of product written by the humans that came before. Our teams are skeletons of what they were just a year ago and production is better overall. Less head-count, better product and output.

I need two years more to get out. I tell the HS kids to get jobs as electricians, plumbers, etc. The vocation business is hot. IT is shrinking. My 2 cents.

53 posted on 04/10/2024 8:00:40 AM PDT by paulcissa (Politicians want you disarmed because they intend on doing things you would shoot them for.)
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To: paulcissa

Seeing as how the focus is on going “ electric”, I would say e
Being an electrician is a better choice although plumbing is great too.


54 posted on 04/11/2024 2:53:54 AM PDT by Redcitizen
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To: All

Our company has data analysts and all I see them do is post about their pets and call in sick, or announce that they’re taking days off. I predict a big reorg after this election.


55 posted on 04/11/2024 3:03:38 AM PDT by newnhdad (Our new motto: USA, it was fun while it lasted.)
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