Unemployment is at record lows. Some sectors are hiring a lot more people than the tech sector is shedding. It’s not really complicated.
Job sectors come and go, grow and shrink. Imagine how silly I would sound if I said: “there is almost no work for horse cart builders but the gov says that unemployment is at record lows, how can this be?”
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.
I work at a large tech company, and the feeling here is unlike anything I’ve ever felt before. There are a few camps:
Workers on visas that are utterly petrified of losing their jobs, and are struggling to plan for anything long-term, since companies that lay people off can’t file green cards for employees.
Workers that are just numb to everything. They don’t give a fuck, they are jaded with the bullshit their employer pulls, and work is just work.
People that would happily take a voluntary layoff to GTFO, spend some time with family, and potentially move to something better.
What seems to be the dominating feeling that everyone has, is that they no longer support their leaders. They feel there are too many middle-managers, they realise that their C-Suite staff are fucking useless, and the CEO’s are almost universally awful as leaders. Sundar has caused Google to nose-dive in popularity, Jassy is so ineffective that no one even knows he is CEO, Musk is a known sociopath going through a mental breakdown, Zuck bet everything on VR to mask huge privacy/product failings, and alongside all of this are dozens of CEO’s that forced employees back to the office or laid people off for bullshit reasons.
My hope from this dark time is that companies arise that focus on the employee first, learn from the mistakes made by big tech, and purposefully manoeuvre around FAANG until they are relegated to boomer tech. Until then, like most SWE’s, I’m just hoping things get better soon…
Are you referring specifically to the big, popular tech companies everyone knows about or to the whole industry? Because there are a lot of smaller companies who aren’t yet run by psychopaths, at least not any more than usual.
So you are telling me that there is now 300,000 tech workers now able to focus on open source projects to keep their foot in the coding door while they drive forklifts or serve McDonald while waiting on the AI hiring bots to read their resumes?
Problem being, because big tech money has so distorted the economies of the cities it’s clustered in, many of these people can only choose between finding another tech job ASAP, moving away from their industry to a lower cost metro with limited job opportunities, or imminent homelessness. Driving a forklift won’t pay the rent, and commercial real estate is so absurdly priced that there may not even be a restaurant to wait tables at.
700+ applications and multiple recruiting companies later and still only 3 interviews since May. With almost a decade of software development experience. It’s actually a little reassuring that I’m not alone here and it’s not just a problem with me. Best of luck in your search friend!
If people randomly drew your name out of a hat, on average you would have to apply to “the average number of applicants for positions you are applying for” number of jobs to get hired. Keep at it, some jobs see thousands of applicants.
Just wanted to drop this update in here for anybody going through this now: I finally got a job offer, but it took over 1700 total applications, and 11 months! I hope you have had some luck in finding something since your original comment!
I wouldn’t be too concerned. 300k is not really that many compared to the size of the industry. And there is a ton of aging software that is falling apart due to a lack of investment. Like the airlines. And all the utilities that keep getting hacked. And hospitals. With governments starting to hold companies responsible for getting hacked, there will be jobs to rebuild hold software a plenty.
So they’re juicing their profit margins for a couple years. Let’s see what happens in another couple years when they failed to invest in the next things because they laid everyone off.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !technology@lemmy.world
This is a most excellent place for technology news and articles.
English
And seeing what mass copyright infringement corporation OpenAI just dropped we can expect it to be a million more by the end of the year.
removed by mod
Unemployment is at record lows. Some sectors are hiring a lot more people than the tech sector is shedding. It’s not really complicated.
Job sectors come and go, grow and shrink. Imagine how silly I would sound if I said: “there is almost no work for horse cart builders but the gov says that unemployment is at record lows, how can this be?”
Explain me like I’m five - why?
The industry is experiencing historic shrinkage post COVID due to unsustainable growth during COVID.
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.
When it was a dark time for the empire the shogun cut off the heads of 141 lords… Maybe we should start there.
removed by mod
Executives: We’re doing more with less!
grinding, screeching noises coming from the engine room
Executives: Better profits! Lower costs!
To be fair, those are the normal TARDIS sounds.
On the other hand, Dr Who doesn’t have an engineering or SRE staff.
I work at a large tech company, and the feeling here is unlike anything I’ve ever felt before. There are a few camps:
What seems to be the dominating feeling that everyone has, is that they no longer support their leaders. They feel there are too many middle-managers, they realise that their C-Suite staff are fucking useless, and the CEO’s are almost universally awful as leaders. Sundar has caused Google to nose-dive in popularity, Jassy is so ineffective that no one even knows he is CEO, Musk is a known sociopath going through a mental breakdown, Zuck bet everything on VR to mask huge privacy/product failings, and alongside all of this are dozens of CEO’s that forced employees back to the office or laid people off for bullshit reasons.
My hope from this dark time is that companies arise that focus on the employee first, learn from the mistakes made by big tech, and purposefully manoeuvre around FAANG until they are relegated to boomer tech. Until then, like most SWE’s, I’m just hoping things get better soon…
Are you referring specifically to the big, popular tech companies everyone knows about or to the whole industry? Because there are a lot of smaller companies who aren’t yet run by psychopaths, at least not any more than usual.
I trust my boss but his boss is the CEO and I think the CEO is a piece of garbage.
So you are telling me that there is now 300,000 tech workers now able to focus on open source projects to keep their foot in the coding door while they drive forklifts or serve McDonald while waiting on the AI hiring bots to read their resumes?
deleted by creator
Problem being, because big tech money has so distorted the economies of the cities it’s clustered in, many of these people can only choose between finding another tech job ASAP, moving away from their industry to a lower cost metro with limited job opportunities, or imminent homelessness. Driving a forklift won’t pay the rent, and commercial real estate is so absurdly priced that there may not even be a restaurant to wait tables at.
Dotcom bubble. 2008 crash. Covid. Now this.
We’ve all been through these. Buckle down. Ignore the outliers. It’s a chance to rethink and do what matters to you.
Also, ALWAYS have a Plan B, C, and D.
“It’s a good time to unionize tech workers right now…”
Best time to form a union was yesterday. Next best is today.
1k job applications since June I’m ready for the inevitable end
700+ applications and multiple recruiting companies later and still only 3 interviews since May. With almost a decade of software development experience. It’s actually a little reassuring that I’m not alone here and it’s not just a problem with me. Best of luck in your search friend!
Ok whew I thought I was just doing something wrong. Glad to hear but also not glad to hear figuring what we’re having to go through
If people randomly drew your name out of a hat, on average you would have to apply to “the average number of applicants for positions you are applying for” number of jobs to get hired. Keep at it, some jobs see thousands of applicants.
Just wanted to drop this update in here for anybody going through this now: I finally got a job offer, but it took over 1700 total applications, and 11 months! I hope you have had some luck in finding something since your original comment!
All the best to you, my dude.
I wouldn’t be too concerned. 300k is not really that many compared to the size of the industry. And there is a ton of aging software that is falling apart due to a lack of investment. Like the airlines. And all the utilities that keep getting hacked. And hospitals. With governments starting to hold companies responsible for getting hacked, there will be jobs to rebuild hold software a plenty.
So they’re juicing their profit margins for a couple years. Let’s see what happens in another couple years when they failed to invest in the next things because they laid everyone off.