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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.
All of these fields enforce the catch-22.
In addition, there are far more employees than jobs for those roles, so raises are a no-go, and trying to get the jobs are far harder even if you get past the catch-22.
Manufacturing screwed the pooch. They had mass layoffs when all the jobs were shipped to China. Now they're trying to re-shore and people (like Pepperidge Farm) remember and don't want to work in manufacturing. They know that if there's a hiccup in the economy, they lose their jobs.
So instead of getting rid of the fancy office buildings to reduce costs, or subletting them out to other companies for more revenue - which makes business sense - they choose to chop heads.
This is not a business decision, this is a philosophical expression.
You can tell how much they value THINGS over PEOPLE in Silicon Valley. They do not value people.
Silicon Valley is insular and out of touch.
That is all jobs IMO. Tech, manufacturing, finance, retail/hospitality, hospital, education, etc. We have given more rights to a "Corporation" than a human. The "Corporation" is more important than the human.
I think it's a peculiar slice of time right now, while the tech firms at large have not caught up. The job-hopping is still possible. But it's coming. The firms and investors are (will be) becoming squeamish about rising interest rates and the economy. The firms will rather lay off the newly hired. I would start thinking twice about job-hopping right now.
If you're in a toxic situation at work or are underpaid, get out NOW!!! But if things are going alright at your current tech job, you might want to think twice before trying to go somewhere "better".
That is all jobs IMO. Tech, manufacturing, finance, retail/hospitality, hospital, education, etc. We have given more rights to a "Corporation" than a human. The "Corporation" is more important than the human.
This happens as a result of the laws being made by the cronyocracy. Get rid of the cronyocracy and everyone's lives will improve nicely.
So instead of getting rid of the fancy office buildings to reduce costs, or subletting them out to other companies for more revenue - which makes business sense - they choose to chop heads.
The office buildings have a value on the books that's much higher than their actual value. Sell them off at market value? - that's red ink. Red ink is bad. The fact that they don't actually contribute anything right now? Immaterial, as far as bookkeeping is concerned.
Always remember: US companies are structured so they cannot think beyond the next quarterly balance sheet.
Quote:
Silicon Valley is insular and out of touch.
All holders of commercial real estate are about to see a readjustment.
The office buildings have a value on the books that's much higher than their actual value. Sell them off at market value? - that's red ink. Red ink is bad. The fact that they don't actually contribute anything right now? Immaterial, as far as bookkeeping is concerned.
You're assuming they OWN those buildings.
If they RENT those buildings or offices - - the rent savings is an immediate positive affect to the bottom line.
Meanwhile several times a day I get email from recruiters. I've not seen anything change in tech. If anything, there is an increase in job inquiries and the pay being offers has increased. I looked at that list, I've never heard of most of those companies. When the number of recruiting inquiries is on a decline, that's a better indication. Just because Tesla is going to layoff people, it doesn't mean the rest of the tech industry is doing the same.
I get those emails too but I'm not sure that indicates there are lots of jobs. In fact, it might indicate the opposite. As job openings decrease, each recruiter has to become more aggressive to make sure they are the one that finds the right candidates for them.
If they RENT those buildings or offices - - the rent savings is an immediate positive affect to the bottom line.
That's a valid point.
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