When their time comes, I will say:
Posted on 04/09/2024 6:47:59 PM PDT by 11th_VA
With tech layoffs at their highest since the 2001 dot-com crash, the job hunt is getting harder and many in the industry are being forced to settle for pay cuts if they can find a new gig at all.
Allison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal
earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of looking for a job right now: “Insane.”
“Everybody else is also getting laid off,” said Croisant, who lives in Omaha, Nebraska, where she worked remotely for PayPal.
... Since the start of the year, more than 50,000 workers have been laid off from over 200 tech companies, according to tracking website Layoffs.fyi.
It’s a continuation of the predominant theme of 2023, when more than 260,000 workers across nearly 1,200 tech companies lost their jobs.
...
For the tens of thousands of people in Croisant’s position, the path toward reemployment is daunting. All told, 2023 was the second-biggest year of cuts on record in the technology sector, behind only the dot-com crash in 2001, according to outplacement firm Challenger, Gray & Christmas. Not since the spectacular flameouts of Pets.com, eToys and Webvan have so many tech workers lost their jobs in such a short period of time.
Last month’s job cut count was the highest of any February since 2009, when the financial crisis forced companies into cash preservation mode.
(Excerpt) Read more at cnbc.com ...
That’s troubling - close friends at church have lost jobs as well.
I know a factory that’s hiring. You have to know how to drive a forklift, though.
If you are looking for in demand IT jobs learn either AWS or Azure. Lots of companies moving to the cloud.
May not be the wisest but there are plenty of jobs.
To paraphrase Eisenhower - “beware of the IT industrial complex”. They are often a cancer on organizations as they seek greater and greater influence over their host corporation. They purposely lower their efficiency through Byzantine safety/security standards and protocols so that the Borg that they are can continue to grow.
mostly wrong IMO…It people are needed to “wrangle” the data…AI models will be able to model it after this…then a SME is needed to interpret the data.
We all wish. Instead, they are playing immigration games.
Normally they have 60 days to find work after a layoff or they have to go back home due to their work Visa.
What's happening (first-hand knowledge) is that a number of large Indian companies are extending "offer letters" to theses people so that their Visas don't expire.
Those offer letters aren't real jobs and they don't pay real money. It just games the immigration system and allows them to stay.
I know a number of Indian people who are great - but the overall culture is one of cheating and lying to get ahead.
I've lost count of the number of resumes I've reviewed and interview given where everything was build on a lie.
Or learn Google Cloud.
There are a lot of companies who are greatly reducing their cloud spend, so the career of a Cloud Engineer is also not a bowl of cherries.
Very true.
They interview just enough Americans to make it look better - but the jobs go to other Indians. Also, their caste system is alive and well in the US.
Maybe they need affirmative action laws.
“ either AWS or Azure. Lots of companies moving to the cloud”
Actually we may be past ‘peak cloud’. The reverse trend has already started. A lot of companies are in shock at cloud costs which were deceptively low the first couple of years in order to get them to migrate. Now that they are facing reality they are starting to move their workloads back to data centers. Many articles on this.
The “data scientists” I’ve met are stupid.
One lady who I carpooled with was educated as a Bioethics PhD or equivalent and couldn’t get a job. Amazingly, she looked “incredible” to my employer, and she began her $150,000+ a year job as yet another data scientist.
They literally think they’ve done creditable work when they make the database servers grind away for over 24 hours using scripts they wrote that align random factors that have no plausible relation, against each other. They never have any business value, but they are novel, to be fair. For instance, she would map something like failed employee logins against customer receipts for one of our products. This will, of course, provide nothing of value, but it will show she did something for 24 hours across our server farm from a few minutes of work on her part, letting her claim she’s working overtime awaiting her results to enter another stupid association for another 24 hour run.
Why 24 hours? Because that triggers a routine that automatically terminates the call, and it makes a record that looks like another metric, proving her work and why nothing got spat out as output.
She loves Nate Silver. I told her Nate Silver is an absolute idiot, and I have his book. She was astonished at my position and I said I can prove five separate, successive times Nate Silver was completely wrong. She dared me, in front of the others. I immediately went to a collected video of his claims that the polls, and the country, were at “Peak Trump,” and it was technically impossible for Trump to ever win, because his analysis of the polls effectively guaranteed it.
The problem with that was Trump was now already the president, and she hated Trump, so to combine her biggest stat idol with having flat-out lied, looking completely stupid, sent her over the edge.
We didn’t talk again for a long, long while, in the car.
Interesting story - thanks
Musk fired 80% of the workforce or something.
The site is doing 5.3million tweets a day-busier than ever.
It is up from 7th to 5th most visited site in the english speaking world.
The site runs better than ever.
I’m sorry to hear of friends effected but if twitter was employing 400% too many employees-my guess is the rest are as well.
he's in big debt as it was....
I don’t wish this on anyone except the H1B imports who should be sent home.
That said the auto workers, steel workers, coal miners have been dealing with layoffs for decades. And completely ignored by the elites because their white collar jobs are safe. So maybe it would be a good thing if layoffs hit silicon valley hard. Then they will understand why globalization is bad and Perot was right.
revoke the H1bs and send them packing
“ educated as a Bioethics PhD ”
The modern meaning of “ethics” in the context of something academic is woke.
“auto workers, steel workers, coal miners have been dealing with layoffs for decades.”
In the Automotive design and engineering world of SE Michigan, CAD operators can be salaried group managers working for an OEM or they can be salaried non-managerial designers (OEM) and they can be hourly contract employees working on site as “designers” on the same team(s) as OEM employees. Some UAW members are CAD operators but only because they work for an OEM or possibly a major Tier 1 supplier manufacturing facility. If you’re an hourly contract employee, you’re probably not with the UAW or any other union and you never have been because even though drafting is a still a skilled trade, there’s still nowhere that a Draftsman can go to find that kind of employment and occupational representation.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.