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The demand for tech workers has not diminished. A lot of companies just over hired and now they are slimming down to prepare for a potential recession. Other companies are tooling up, transforming or moving to the cloud and they are still hiring. I don't see bloodbath. I see a lot of movement.
You guys see these kinds of layoffs in non software engineering?
It took me two weeks to find a job after being at the same employer for 10 years.
Outside of the tech world, employers are hurting... Well, the numbers speak for themselves: the lowest unemployment, 1.2 jobs per 1 looking (historically low). It would take more than 0.75% fed rate hike (many more of them?) to change the situation.
Has anyone looked at the profits these companies are making and what the CEOs have gotten for raises lately? I'm wondering if this isn't just an extension of minimum wage companies that post record profits, give their CEOs record raises, and then lay people off or say they can't afford to pay them what they're worth.
I think it’s very discouraging to see what the people make at the VP/C level vs what everyone else makes. The leadership team certainly isn’t the only group that puts in a lot of time and hours. The wealth gap is just crazy. Someone performing surgery should be paid well. Someone who shows up at conferences to schmooze and talk about a product they didn’t build does not. But this is the world we live in.
There are lots of Tech firms with no profits on good revenue. They have been making it up on volume.
No longer. You can last as long as you have a continuous stream of 0% financing flowing from foolish investors. The cost of capital is soaring. When things get hard, you actually have to stand on your own earnings. No earnings, no value. A bunch of Tech firms are about to go down hard.
Dot.Com V2.0, the Sequel.
At least there are lots of burger flipping openings still available right now but you can't WFH.
I've said this elsewhere: folks should start getting into fields that are deemed as essential rather than tech bro crap at companies that aren't important to the masses. Utilities, healthcare, manufacturing. Stuff that serves a need. Not some startup that nobody's heard of or cares about, or Netflix.
I've said this elsewhere: folks should start getting into fields that are deemed as essential rather than tech bro crap at companies that aren't important to the masses. Utilities, healthcare, manufacturing. Stuff that serves a need. Not some startup that nobody's heard of or cares about, or Netflix.
Technology exists in the utilities, healthcare and manufacturing industry. Finance, insurance and transportation. Government, defense, hospitality. Lots of IT work in those sectors. Doesn't have to be a start-up.
I've said this elsewhere: folks should start getting into fields that are deemed as essential rather than tech bro crap at companies that aren't important to the masses. Utilities, healthcare, manufacturing. Stuff that serves a need. Not some startup that nobody's heard of or cares about, or Netflix.
Healthcare can't exist today without the tech sector. Neither can the utilities or manufacturing. Tech is integrated into everything.
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