For Tech Workers, Pink Slips and Anxiety Replace Perks and Parties | WSJ Tech News Briefing

[@dylanmartin998]

Hopefully this will help cool some of the endless supply of social media making tech look like an easy one way street to unimaginable wealth.

[@thisguy73]

Seems like 90% of female employees 23-32 in tech are on tik tok trying to be influencers and showcasing how their days are full of coffee, free laundry, working 1 hour a day, cool vegan food and "looking cute"

[@MathGPT]

Chip Cutter... This man was born to work in tech

[@bigm6365]

Or at the restaurant 😂

[@davidallen8611]

😂😂😂

[@888ssss]

or a fish shop

[@fenseti3793]

damn i didnt notice until the end of the conversation

[@mastershredder2002]

He was born to work at TSMC, but he failed to fulfill his destiny.

[@internati0naled974]

They will be ok, they learned a lot by working in tech. I always envied friends who went to FAANG, I even got offered a position but had to relocate to San Jose. I declined, now I’m glad I stayed in Finance. While it’s boring and the perks are not the same, stability feels nice. I try to live a minimal life and hoard cash.

[@jolness1]

I’m in tech and I live cheaply as well. Thankfully work for a company that made moves to cut waste last year and we’re haunted profitable and have 6yrs of runway

[@wilhelmvanbabbenburg8443]

Minimal life working in finance? Aren't you guy like the most well paid after doctors and lawyers?

[@internati0naled974]

@@wilhelmvanbabbenburg8443 I’m in Fintech, the salaries aren’t as much as FAANG. IT is a different cost center for Financial institutions, salary isn’t such as an investment banker. Often seen as an “expense” to keep things running.

[@c.rutherford]

I worked contract in IT tech for over a decade, I got tired of the uncertainty and the constant threat of layoff. Its definitely a 'boom and bust' life. You'd make good money, then there'd be months in between jobs where you scrape the couch for change and do odd jobs and menial labor to pay the mortgage. None of the jobs pay benefits, healthcare or pto anymore, its all temp work. Overtime/weekends would be voluntary, but those that don't volunteer don't last. Then one day they'd outsource your team to China, Argentina, etc. Or bring Indians in on H1-B Visas. The interviews are extremely grueling and competitive, job security, nil. The last gig I did I worked for a big "global" corporation, the entire last year they talked about layoffs. We'd all call into a company meeting weekly and I'd put the phone down and not even listen. I couldn't stand it, because all they talked about was how my job was running out. Took Prilosec daily. I'd do it self employed, but otherwise I don't want to go back to that life.

[@Werevertumoto]

One mans approach...

[@c.rutherford]

@@Werevertumoto being the one man, its the only approach I'll ever know lol

[@cacornhusker2940]

i got transferred to Sacramento in '95 and did many projects with Silicon Valley Firms and was a direct employee of a Chip Manufacturer that laid me off after about 2 years, which i came to learn that a significant amount of IT and Inside Engineers got pink slipped too and mainly upper pay staff so they could fill those positions with 2 lower paid Recent College Grads. this practice occurred on a regular basis and is the Norm in Hi-Tech Firms. The only thing i bashed Trump for in 4 years was him approving more H1b Visas so that Silicon Valley Firms could continue importing Foreign IT workers that cost less.

[@mIcheLLeyyYy520]

A lot of the jobs in tech are FTE where they have all the benefits, vacation, and perks. Only reason you didn’t get those were because you were a contractor. Don’t paint your experience as fact.

[@c.rutherford]

@@mIcheLLeyyYy520 hey I'm not painting anything, I'm just telling my experience.... whether or not it pleases you my life is a fact. Its enough to get the contract jobs good luck getting one of those FTE's with benefits. And companies like IBM were regularly laying off their FTEs, leaving them a month then coming back and offering them contract jobs without benefits PTO or healthcare. And they take them. You could pay extra for health insurance but it was astronomical. And temps are temps forever. State Farm had 2/3 of their IT staff "blue badge" temps when I was there. And all the government agencies in my state hire tons of temp workers in IT, as much as half or more so they can dodge union protections, health coverage & lay them off anytime. Maybe you're just comfortable in your FTE but haven't realized how much the landscape out there has changed.

[@chanelf.4934]

I noticed the 80+ hour work week was not talked about when mentioning these perks. The whole story would be nice and not just part of the story. They offer doggy daycare so you don’t have to go home. They offer concerts and ping pong that keeps you there…at work…longer. Why wasn’t this talked about?

[@retrogamer2548]

Housing crash happening here in Seattle from all the layoffs. House already down 40% here. Feel stupid for buying during the pandemic.

[@rustyshackleford7808]

I don’t think it’s primarily the software engineers. This is the redundant positions low proformers, project managers, HR, older employees, and entry level jobs. They wouldn’t be letting true top tier talent out the door. It wouldn’t make sense.

[@hamzamalik7837]

Awww poor tech workers will loose their ping pong tables 😢

[@neltins5308]

lol only gave a **** about all the prepped great free food, snacks & deserts, the resting pods were sometimes really comfy

[@malcorub]

We have a foozball table in the break room, no one ever uses the damn thing. 🤣

[@thisguy73]

thoughts and prayers

[@Sarahtlopez]

‘ a job that’s more stable… like the financial sector’ I’m sorry but that made me laugh so hard 😂

[@studyproductivity972]

Skilled workers at JP and Goldman don't get fired. If they get fired by then Federal reserve hires them back

[@Sarahtlopez]

@@studyproductivity972 a few workers being passed around companies is not an indication of job security in a sector.

[@TheAlchemist1089]

Healthcare might be slightly more stable

[@mike60521x]

@@TheAlchemist1089 tell that to the people that got fired for not getting the clot shot

[@hendrx]

@@studyproductivity972 skilled workers don't get fired in the tech sector either

[@shaneryoo210]

I find this to be a reasonably accurate and concise summary of the (non monolithic) tech industry. Nice job. Some segments of the industry differ from the general trend, but there's a limit to what can be said in a few minutes and communicated to a broad audience. I graduated undergrad in 2000, and at least a third of my classmates were axed in the 2001 dot-com bust and general recession. Those folks value stability a heck lot more even at a younger age than the newer folks. Keep in mind that workers under 35 (which is most tech workers!) haven't worked through a general recession in their working lives. 2008 wasn't even bad for a lot of tech companies (Google hired like crazy). Consequently, the younger workers tend to have a rosier view of the working world before we even talk about perks, and their major future pain is going to be finding jobs in a down market. When they do find a job, many of them will be grateful for the income and not think much about nitro cold brew or whatever pet perk.

[@Max-ve5tu]

Everybody gangsta until you actually have to start providing value!

[@johngoldsworthy7135]

Data scientist gravy train is coming to a halt lol

[@davidcantor293]

Well, how many of these lay-offs are just entry level customer service positions or office assistants? I want the figures as to the type of jobs that they are reducing...

[@je5406]

Other articles mention its a lot of redundant management positions.

[@lafan023]

Customer service would not be full time employees for most major companies, they would be contractors.

[@Thatscrazyyourecrazy]

One thing to remember is middle management, marketing, and HR are always the first to go. Not individual contributors or customer service

[@studyproductivity972]

HRs getting fired. During the Pandemic I was an Intern at Amazon Automation Project I recently checked the Group Chat all HR, Assistants, DEI Managers, Low lvl Coders are Getting Fired. BTW Amazon isn't firing like other Tech Firms but to keep the price of their retail low they are getting Rid of expensive workers. I used to fking hate the HR Lady she was a Tyrant. She used to get 120k a Year for just HR stuff.

[@fartboy1975]

Yes, getting rid of the fluff. Elon getting rid of all the yoga chicks, wannabe political activists who thought Twitter was an adult daycare center. Hopefully Starbucks is hiring baristas with humanities degrees.

[@MrPranav111]

But tech employees arent the ones being laid off its mostly HR, marketting and project managers

[@obinnaujunwa]

Exactly what I discovered too

[@TomNook.]

Imagine post COVID tech boom thinking the growth would continue

[@yvonneplant9434]

The tech boom pre-dates covid by years.

[@ph-vf5hx]

They thought they had us by the balls for a moment there

[@ChrisDeAnna]

The same tech boom that made Over $4T over the pandemic Then "Generously" gave most of it to congress before compensating staff

[@fartboy1975]

It is all a Ponzi scheme for many of these tech startups. Just look at FTX...but yet SBF says he drives a Toyota when really he is on private jets because of stock market valuation.

[@untouchable360x]

Game Over man! GAME OVER!

[@888ssss]

insert coin

[@PhatLvis]

Lyft is a taxicab company - Not Tech (despite their bogus self-designation as a tech company, a move designed to permit them to skirt unions, regulations, etc.) Lyft and Uber, etc. are Tech as much as Dominos Pizza is tech: you use your phone to order online from all three of them.

[@rustyshackleford7808]

Thank you. Nobody has bought that up

[@alimfuzzy]

GFC all over again. I was working in finance IT at the time and they cut so many jobs without checking to see who they got rid of... took us years to gain back the knowledge we lost. We had grads trying to replace 20+ year veterans and wondering why things weren't working like they used to.

[@dllemm]

I think the industry is more mature than it once was, and most of the non-competitive IT is outsourced. If the 20+ year veterans properly document what they do, and train via onboarding program, they should be minimal disruption.

[@bngr_bngr]

That’s happened at Deloitte.

[@alimfuzzy]

@@dllemm that's the dream.... but documentation is always the last thing people do unfortunately.

[@everry3357]

@@dllemm you can't document everything, some stuff can only be learned by direct hands on, and making detailed documentation is not easy at all it takes too much time and usually that senior worker has already too much tasks on his hands to actually go indepth. And even then like i said some stuff really can only be learned by real life case

[@alimfuzzy]

@@bngr_bngr been there... yes it did unfortunately.

[@darrendent8288]

Chip Cutter? What a guy!

[@hoapres]

The next 2 years are going to be rough for tech.

[@lobstereleven4610]

When that VC money dries up… life gets real. 😂

[@blackshadow7192]

Big tech companies have already done their IPO, the VC money is long gone.

[@drmode]

No more free money. Time to be profitable

[@texasgermancowgirl]

literally had none of those perks where I’m at nor do I need it. Invest into the product, help me help my customers, and I’m good

[@clifftanch]

Your Tech reporter is named Chip Cutter?????

[@DaestrumManitz]

This is deja vu all over again. Recession.

[@aerohk]

Probably over reaction

[@benjamindover4337]

Imagine their surprise when they enter the job market, having heard so much about how "hot" it is.. only to find that the fast food market is the "hot job market".

[@blackmamba9950]

You must be stupid to think that tech workers like software engineers would be a fast food worker. They are already rich, much than you will ever be, looks like you are quite ignorant of tech salaries lol

[@jbar_85]

That literally made my laugh out loud. 😅

[@Rivs5117]

That’s be no one wants to spend their life flipping burgers 🤣

[@dee-jay45]

To be honest, Big-Tech and Mid-Tech were being excessively geneerous with salaries and expansions throughout 2021. I mean, Stripe and Netflix made half a Million dollars the norm for Senior Engineers. That's A LOT of dow to be blowing, especially when you're not profitable. And a lot of that talent they hired wasn't put to productive use, if we're honest. So a correction was overdue.

[@johngoldsworthy7135]

A lot of companies got burned by the data scientist and AI hype train

[@InStevenWeTrust]

Half a million including equity right? That sounds excessive for cash salary only even for senior engs

[@urvikupadhyay]

@@InStevenWeTrust Netflix has an option to be paid in all cash.

[@joeovip]

There be tons of companies that will like to welcome them, but not at 350,000k a year! Hahaha 🤣

[@TheyCallMeStuPedaso]

@@moonshine8255 It's January now, and judging by the current increase in layoffs, it looks like those "recruiting and management" skills weren't that valuable after all

[@scienceandmathHandle]

that stock footage at 3:11 cracks me up that people think that is what programmers screens look like lol! Not to mention the sticky note covering part of the screen. "This dude is like I have items overlaying items on my one monitor but lets cover some up" lol

[@blink182bfsftw]

Lots of jealous salty non - tech workers in the comments

[@sneakydudesgarage7121]

We got commission, paid vacations, concert tickets, free college and university courses, cars, devices and free airfare to any destination when I worked in the industry.

[@privettoli]

Wow, never heard of such perks

[@sneakydudesgarage7121]

@@privettoli The perks aren't worth it, nor was the 120k per year. I was working 14-16 hours a day, 6 days a week and was absolutely miserable.

[@AC09524]

120k is 🥜 you can make 100k as an accountant.

[@privettoli]

@@AC09524 if it was 10 years ago it's pretty good.

[@AC09524]

With the current rate of inflation, 100k is the new minimum wage. 15$ an hour is minimum wage. You can make 90k working in Construction. No degree.

[@ladyluck2607]

I wonder how the jobs report will reflect this?

[@yvonneplant9434]

We'll find out at the end of the month.

[@maestrovso]

One thing I know for sure with the tech layoff en masse, Zeo's employment is safe. She is most indispensable at WSJ when it comes to tech news reporting. Who is more qualified to turn off the light when all the engineers and technologists are laid off?

[@GuyDarby]

What people don't understand is you have to layoff all at the same time and sever their access as not to have to deal with retribution from those who still have access to the internal mechanisms of the company ! Especially those who have the potential to manipulate code and algorithms. This necessary process is not rocket science , fundamentally and defensively !

[@Nswix]

30 year olds crying that recess is over...

[@robsan52]

I've heard the railroads are hiring, but...its hard to imagine tech people being able to do 'hands on' blue collar jobs and not just a desk job.

[@mastershredder2002]

Plenty of places would be happy to add additional engineers, data scientists, and so forth. Just not many of the ones that got canned. The bottom 5-10% who were pretending to WFH while producing very little.

[@sidhu64231]

It started with Tech workers, who knows where it will end ! Be vigilant.

[@malcorub]

These are employees of the tech industry, not entirely tech workers.

[@hkhatri12]

Tech generally don't have lean teams. I know someone who got into big tech and did absolutely nothing, other than attending few meetings for 4months. Me doing that in my company will sink the marketing department.

[@FrankSiler]

I disagree with the notion that tech talent is somehow overvalued. Relative to professions such as medicine and professional services, coders are actually pretty far behind. I think the market of the last couple years represents a long-overdue leveling of the field.

[@fartboy1975]

I agree. Tech talent is not overvalued if tech talent = great hardware/software engineers. The elephant in the room it is that these tech companies got bloated full of fluff: a bunch of millennials with humanities degrees to occupy middle management, DEI, HR, etc just to boost their ESG social credit score (Californiacation + WEF/Davos). Therefore, when we talk tech sector labor, we need to separate between engineers and fluff. That is what Elon is doing right now at Twitter: throwing out the dead weight. The Ideologues blew their load in 2020 and now we are paying the consequences for not only a failed pie-in-the-sky business model (propagated by Blackrock and the WEF), but also a huge bubble that is every bit as big as the one we saw in 2008. SBF of FTX is posterboy for this movement which should be erased to the dustbin of history.

[@zuneluminox]

The end of adult day care

[@alimfuzzy]

IT will lose all their perks, but marketing and management will pick up their budgets and spend on perks and parties... seen it before you'll see it here again.

[@Pfyzer]

where

[@johngoldsworthy7135]

Ding ding ding. IT is the easiest to downsize

[@harris977]

Nepotism and favoritism is also a huge issue

[@dllemm]

Nice click bait WSJ. Using Meta as an example, really? That is dishonest. Underperforming companies are laying off, perks and parties continue unaffected.

[@MikeSmith-or4il]

Makes me want to cry my eyes out.

[@elijahullmann6231]

How the tech workers are going to feel??? Gosh.

[@Doomedragon]

Great Resignation to Great Disappointment..Bubble burst😢

[@Yashuop]

I love how he can never disappoints us with his content ❤️

[@dllemm]

You are not disappointed that they included Meta, that bet their business on VR as an example of the list of tech layoffs? Zuckerberg nearly destroyed his company is the main reason. That isn't very honest.

[@jonpierson559]

Reality is going to be really difficult after a lifetime of participation awards.

[@EvieMatavelli]

The majority of people being fired are talent acquisition, recruiters and execs.

[@s.langhorneclemens8877]

It doesn’t matter. They paid so much money to these people that it doesn’t matter. Half of them have early retired to be yoga instructors at Orange Theory.

[@drury2d8]

Tech companies grew 100% over the pandemic. They have to trim the fat now that people have returned to normal life.

[@dandelionsbeauty]

It's about skills, and what's needed in THE REAL WORLD. Coding is okay, but how precarious to depend on these behemoth companies for job security 🤔

[@clubmogambo3214]

Couldn't happen to a better region.

[@alparslankorkmaz2964]

Nice cover

[@TheStrikeeva]

should do a session on perks in the finance industry

[@jerolvilladolid]

Tech workers had always been slouches. I mean you go to work if you feel like it? Couches instead of desks? Free meals? Free laundry? Arcade games inside the lobbies? The industry is new and is swimming in money these past 10 years. Now reality has set in and these tech workers are exposed for the procrastinators they really are.

[@jensenraylight8011]

Slouches? i dont' think so, there are always an expectation of what you should do, when you should finish. you're expected to perform. nobody is goofing around all day. it's only in your head, in your imagination that you want it to be reality. those tech guys who work there are all the brightest mind in the country. those perks mean that they don't have to worry about food, laundry, and any other minor stuff, and because the perks satisfied all of the things above, now they can focus on their works, be productive the company fired a minor role, not tech roles, they even explained it in the video, you didn't listen? they fired Marketing, Administrative and the other less valuable roles. tech roles is safer, because tech roles is precious, bright people are hard to find and even if you found one, there are already multiple companies that had an eye on them

[@vectorhacker-r2]

It’s always been the management that push for these, the engineers themselves never slouched.

[@socialanarchy081]

Oh yeah, there are tons of jobs out here, but the pay will not be anywhere close to what they were making before.

[@fimakurnia]

Karma: they layoff after work paid high to create Automation product to destroy civilian worker.

[@thetrends5670]

Chip Cutter is the perfect person for this conversation, as his name includes "Cut" 🤣

[@Lucky14970]

1st worrrrrllllllldddd problems!!!

[@c87kim]

If you wanna know what’s happening in tech and where’s its leading… here’s the scoop. A decade+ of low interest rates (extremely low when Covid happened), has made raising money incredibly easy. This applies to startups and mega corporations alike (startups wanna get their business started, and big corporations want to expand - both activities involve a lot of hiring). So you had a bunch of companies (not only tech, but basically all business), expanding or starting up and creating jobs and for years - some even until this day, weren’t making money and instead getting lines of credit as either debt or investments because of how cheap it was to do it. And the companies that were making money were mostly selling their services to other tech companies or for ads on other tech platforms (like fb). Basically you had an endless line of borrowed money circulating between tech companies that were continuously expanding and creating jobs. Why it’s coming to an end now is because the fed is raising rates and fast. It’s no longer dirt cheap to borrow money and investors aren’t willing to take the risk. Companies who planned to expand realize they won’t be solvent if they continue so that’s why we’re seeing layoffs. This will continue until the fed stops raising rates or when all the leeching companies get bought out or get dismantled.

[@jensenraylight8011]

Great explanation

[@studyproductivity972]

END THE FED BROTHER

[@prafullarora]

Zoe Thomas for Senior Host!

[@oldcat87]

most tech workers can retire with working 5-10 years.

[@blink182bfsftw]

Most? No way.

[@CAClovesJuicy]

Eh not true

[@cyropox8235]

I wouldn't say most, unless they want to retire at subsistence living. Probably Only the top 30% of tech workers make 6 figures, and only the top 5% or less work at the high-level tech jobs where someone could retire that quickly.

[@SeeStars65]

welcome back to earth

[@D-Z321]

Add Amazon to this group.

[@jangheedavidhan6253]

Welcome to real world work

[@australianpanda2713]

Don’t hate because you gotta overwork for half

[@jangheedavidhan6253]

@@australianpanda2713 lol okay, I'm doing just fine working in Healthcare, thanks

[@arv9993]

@@jangheedavidhan6253 You mean rip-off care. Tech is actually deflationary and provides value worldwide. It is a force of good in this world. However, healthcare costs are artificially inflated in the US, and all of its citizens overpay for healthcare. You shouldn't talk about real work when you're overpaid to be giving substandard care compared to most other first-world countries.

[@AC09524]

Tech is not easy. It is far more difficult than healthcare, there's a reason engineers complain about their work/homework load the most in college. Healthcare/Pharma/Dentistry/Nursing is a lot easier in comparison. You just stand around wipe butts or give people vaccines or run tests while a hedge fund shorts your company into the trenches.

[@AC09524]

Rip off care is right indeed. Thanks to the middle man "insurance, Pharmacy Benefits Managers (who make BILLIONS a year Gilead et. al.)", healthcare has been inflated to the trenches. The whole "pills cost pennies, greed cost lives" with Martin Shkreli was what led to Mark Cuban doing the same exact thing -- inflate pill rates while pretending to give a "discount" and paying off Forbes and dumb people on Twitter to say "Mark Cuban is literally saving lives yA'Ll" when GoodRx provides pills at cost.

[@Tonybologne805]

If someone tells me they work in tech I’m gonna ask if they were laid off 😂

[@vectorhacker-r2]

These companies were overspending because of speculative investment. Most of these workers who got laid off weren’t engineers.

[@JB-kx9bx]

I and many friends were laid off in the oil industry in 2020, not fun for anybody. You lose alot of social connections with people when you lose your job its not just about an income.

[@mohammedmashud4621]

you don't have to be a prick about it

[@apolodelsol]

Silicon Bubble

[@CHMichael]

How is the real-estate market doing? How quickly we have gone from - I'm not going to the office to - please let me go back to the office. Edit: no one with actual data?

[@dllemm]

No thank you

[@surplusking2425]

Layoff would lead tech-jobs' wages lower so it will be plummet.

[@joejohn.]

Who's we? Middle management?

[@corvettez0695]

Aweeee you mean regulation and the politicians you voted for are bringing you back to planet earth?

[@divinediva6320]

Google and Apple did not hire me ! Thus, I requested my 10 million dollars in Reparations from Silicon Valley!

[@surplusking2425]

So Real estate market will be plummet now, right?

[@jessegarman7899]

Hard to make $2500 mortgage payments on unemployment

[@mrsleep0000]

Welcome to the real world where your business has to turn a profit...

[@hyphydan]

All the jobs will go overseas. Insistence on remote work is only accelerating that

[@chamaragayan4011]

Perhaps these companies overspent on perks 🤔

[@RaghunandanReddyC]

His name is Chip cutter?

[@DRKrust492]

Delete Twitter and Facebook.

[@abbyarnold4477]

I'm a janitor , Will I be losing my job . I'm sure there are lots of people crapping on themselves .

[@furqanfas]

The focus on small perks is just beyond me. Perks like these are an "internal culture" thing for these companies and in layoff times like these, these perks come into question as if nothing else matters. I don't see any reason for doing this podcast.

[@Pk-nv1qv]

Why the can't just reduce the salary of everyone in the company, and every one survives

[@lastempire7302]

These guys make 300k on average. What make you think that they "need" a job on top of the fat parting gift?

[@AC09524]

300k in Silicon Valley? That's peanuts. P.e.a.n.u.t.s. Peanuts

[@maxmarx2]

consultants are a waste of money not sure why no one says this

[@auro1986]

advanced version of great depression

[@SchlaftaterNrzZz]

Are These real people?

[@1lovefootball]

Thanks Zoe such brilliant amazing content as always much appreciated

[@johndallara3257]

Mid term is over, truth of this economic boom is in this one and probably last story. WSJ would cover the 10 sec prior to hitting the iceberg that sunk the Titanic as "Amazing how smooth the sailing is under the able hands of a seasoned captain!"

[@hanaf1231]

So the hyper conservative WSJ is pitching rosy stories to help the Dems? Am I reading that right?

[@johndallara3257]

@@hanaf1231 I'm not saying layoffs are and will not happen but where was this writer at the WSJ when 50% of the country watched the president paint this rosy picture for our economy as the facts were pointing to the opposite for the last 12 months? Either you enjoy being lied to or are willfully ignorant for some tribal reason either way, Lets Go Brandon!!

[@HelloMyNameIsTrev]

Financial Services and Logistics aren’t safe either. Look at Stripe, CH Robinson, Convoy, etc

[@dee-jay45]

I'd argue Stripe is Tech.

[@dllemm]

Why should companies be "safe"? It's a business relationship. Are you trying to retire after 30 years of employment with a gold watch? Do a good job and don't slack while working for a successful company and you will be successful.

[@brandonburns5365]

@@dllemm ok boss 😂

[@FiloLopez]

Chip Cutter, Really??? 😂😂😂😂

[@grumpyguardsman6161]

Dis wut happens when no union

[@alexanderkane3960]

Has anyone watched the movie don’t look up? Just replace the meteor with big and powerful corporations.

[@greymarket6834]

Learn to Weld

[@davidgolf3245]

Random thoughts from Australia. Should we feel sorry for them?? They rode the wave and bubble for a bit, now it's back to reality. This explains why I saw Zuckerberg as a barista!!! Thanks I am here all week. Cheers.

[@williampan29]

please stop your anti-semitism.

[@davidgolf3245]

@@williampan29 It's called an attempt at humor, but I guess you wouldn't know. All good.

[@ArmanIRL]

@@davidgolf3245 Attempt implies the joke made sense

[@jolness1]

Should we feel bad for people losing their jobs? Probably. Feel bad for billionaires losing money? Nope

[@holdruss6197]

No more beanbag meeting?

[@michaelsomething7674]

Anyone feel sorry for tech worker who lost their job and was paying 140 k on average with bunch of perks and even housing. I dont think I am

[@dllemm]

140 is nothing, many are making 2x-3x that easy.

[@Evan-kj6ye]

cause you mad you ain’t making that money 🤷‍♂️

[@tomix99]

They receive that much because they bring more in profits than this to the company. And they don't receive that amount in cash(card), but mostly in company shares. The company just needs to increase the number of shares wit 2-4% per year to pay all this employees. Finally, I know for a fact that most of those people do a job that you can't do or learn that quick. I understand that you are frustrated, but start learning a high income skill too. :P

[@johngoldsworthy7135]

@@dllemm for senior positions yes

[@drmode]

The problem is these are the best employees and will become your competition

[@sunlimestudios]

Always intriguing content but her voice murders my ears idk what it is

[@marethmok5635]

🤙

[@Matt5093]

Learn to weld or drive tow trucks.

[@steadymobbin.]

Steady Mobbin

[@d1p70]

Maybe Stabbin

[@___Anakin.Skywalker]

nom de guerre: chip cutter

[@capitalwinnie9820]

feel like if tech workers went to other parts of the economy they'll boost wages

[@gcbusiness11]

Bc they would demand more money lol

[@Peteeboy2011]

Fast food always hiring😅