Tech workers hit with layoffs and decreasing salaries

[@Omikoshi78]

As someone in AI, this consultant lady’s “analysis” is as good as a hallucinating chatbot. In short, worthless.

[@Daniel-xaogjeyh]

but but but they have to ask a women otherwise they are sexist

[@tveerco6800]

True, am a professional with recent experience in AI with a Big Tech and I can tell that AI positions are extremely difficult to close in on, most AI positions are ghost job posting because companies want to keep the investor sentiment optimistic.

[@lyvsal9774]

I have been looking jobs for 5 months, I dont see anything like the analyst shows.

[@eternalsunshine313]

tech is depressing af

[@jakeleone8944]

So there were 470,000 applications for H-1b visas, most of those will be for IT workers? Why is that. Why are there 470,000 jobs for people, mostly from India? The reason is because of massive discrimination against local tech workers. And this is proven in DOJ vs Facebook 2020, and Apple 2023. Unfortunately, people from a India, only hire workers of Indian nationality. And that massive bigoted discrimination against better qualified local engineers has to be stopped.

[@montuedge]

How many Master's in computer science classes have you observed in the last 10 years? Not many people do Graduation and post graduation in computer science.

[@Liberalcali]

Yes India still follows a caste system and they just brought it here to USA

[@montuedge]

@@Liberalcali 🤣 😂 if it does shame on you.

[@Liberalcali]

@@montuedge your comment makes no sense. Shame on me for what? For Indians that follow caste system that’s why they hire their own family? Indians have followed that system for 3,000 years I’m pretty sure it’s ingrained into them.

[@montuedge]

@@Liberalcaliis not that called Nepotism ? Reading some books might help Caste was used by Portuguese and Spanish to address Something they had in society. Like giving Natives a name like Indian doesn't make them Indians similarly calling something the caste system doesn't make it so. Read non fiction books and you will find the misinformation. Sanskrit Non-translatables: by Rajiv Malhotra and other books by Meenakshi Jain would be a good start. Give the sources or facts if you can, I am open to changing my opinion are you ?

[@thanatu76]

Ins’t this story about tech layoffs, so why are discussing best cities for working women in tech?

[@MIAMIC70]

Gotta meet their DEI quota.

[@xpaulyxable]

Clickbait got us again boys.

[@lilmorearmy9175]

As a woman, I agree

[@jenny-DD]

Because the laughing lady and clown host are just clickbait

[@shekarsubramanian9562]

Wtf. I came here to get sense of change in salaries across tech sector and all I got is 'women in tech'. What nonsense

[@aidantech]

Why do you leave men out

[@youtubesucks1499]

DEI... didn't earn it.

[@nb6525]

Please post qualifications, years of experience, position and number of hours worked before pushing debunked myths such as gender based wage gap.

[@JamesSmith-ey7vc]

Thank you

[@XSquidbeatsX]

Higher quality work and longer hours, get paid more?

[@zealousprogrammer4539]

@@XSquidbeatsX You are right this the same in sport they want to get paid the same amount as male athletes Can women bring the same amount of fans in a game, or play as good as the top male sport players like Messi o even Allen Iverson?

[@Clxiro]

Everyone is impacted. Not just woman

[@cheddarboyzz313]

Right wtf???? is wrong with America... this narrow focus on women and gays is ridiculous for the past 5 years or so.

[@Xinerius]

@@cheddarboyzz313tbh, this always backfires. Capitalism doesn’t care if the worker is a woman, man or gay. So, this equity push only works a little when economy is good. When they lower school bar for “disadvantaged” groups, those schools are just no longer attractive nor reputable.

[@PorterPickUp]

Houston Tech sector is absolutely awful. The only jobs available are bad contracts.

[@DC_daze]

Workers are getting canned. Are companies charging less or selling less services? if not, corporate profits are going up and to the top

[@abhi2511768]

People prefer to invest in stocks that have the potential to gain quickly. The CEOs of these listed companies are mandated to ensure exponential growth every quarter. If they see that they may make less profit compared to the last quarter, they may simply lay off employees to maintain that profit. Essentially, it's your own money that comes back to bite you. So, what's the possible solution? People must realize that capitalism has reached a stage where slow, steady, but sustainable growth is no longer acceptable to investors. Therefore, it's high time we consider discarding it and embracing socialism.

[@pteranodon6612]

Profits may have gone up, but that could be due to inflation. Maybe profits adjusted for inflation are down.

[@Mrbfgray]

Most of these companies have been bloated and sloppy, bout time they trim the fat.

[@tracyjones5356]

As quiet as it’s kept the real reason behind this decrease is because AI is replacing these workers this has always been in place in big corporations plans 🤦🏾‍♀️

[@cnsmiles]

stop gaslighting. has nothing to do with AI. Its offshoring on steroids. Companies have been leveraging their offshore satellite campuses and partners since covid in meaningful ways. If they can replace a java developer with AI, couldn’t every job that has ever existed be replaced? Its not true and pure propaganda so companies can absolve themselves of any moral responsibility and can say this is natural evolution of the worker when it is not.

[@Dxeus]

Silicon Valley is struggling with job losses; 20,000 were laid off in April 2024.

[@MrDonny27]

We rolling

[@MIAMIC70]

Good. Tech is squeezing every single one of us dry.

[@206remyboyz7]

It's the reason why Seattle and San Francisco is so damn expensive now

[@wisdoma4860]

YES PUSH FUD, WE NEED A MANUEFACTURED CRISES, LETS GO ...ELITES MAD PEOPLE WHO WANT TO WORK ARE WORKING AND MAKEING MONEY...

[@davidallen6653]

House prices not dropping much, car prices stubbornly high (except EVS at the moment), rents stubbornly high, why should we settle for base salary drop far more than housing, food, transportation?

[@shantanubapat6937]

It should be made clear what is meant by tech workers here? Software engineers are still in demand and no big salary drop. But, if you are in a non tech role in a tech field then yes there is very decreased demand.

[@Ravi-rl8tt]

That’s bullshit lmao. I know plenty of SWEs who’re being called back to the office, having to accept pay cuts, and watching their benefits get slashed.

[@Mrbfgray]

They should learn to weld, ton of demand there.

[@alteclan2007]

So many Software Engineers looking for a job around me.

[@longbeach225]

@@Mrbfgray You cannot work remotely when welding unless you can control a robot through the computer. Not everyone is fit for a physical labor job just as not everyone is made to be a programmer.

[@freespiritable]

@@longbeach225 "not everyone is fit for physical work", dude that's your factory settings 😂, everyone is able to do physical work. Like every work it take time to be good at it so you shouldn't expect to be good at it at once. A very ridiculous take right there.

[@krjourneyfan78]

Well, the White House spokesperson will tell you that the economy is doing great. “New jobs” are second and third jobs people are forced to get, along with the tax draining addition of government jobs, ie the IRS. Government jobs are an expense paid by taxpayers and is NOT reflective of economic growth. Good paying private industry jobs, the true economic indicator, are disappearing.

[@davejensen8882]

I also heard that US born citizens have actually lost jobs meaning that immigrants, both legal and illegal, are taking them. Plus, the figures are manipulated to paint a better picture, just as the inflation figures are. Everyone knows inflation is a LOT higher than claimed.

[@travmanbrett5338]

At least in California they will have the option of taking a high paying fast food job.

[@tamanousJP]

Women tend to be in less technical roles so get paid less. Fairly simple. Women engineers do just fine.

[@rgen28]

AI will replace them.

[@g3user1usa]

Nice. Get A.I. armed robots to fight our enemies to the death and hope they don't get smart enough to turn on us.

[@qatarworldcupwinnermessi]

Actually AI is there to assist, not replace at the moment. It is Rahul that is replacing them. They are outsourcing jobs because it is cheaper. And they increase the workloads of the India workers.

[@23drcharles]

The AI revolution is creating structural unemployment in the tech industry. We will see permanent unemployment and segregation of tech jobs. The new book, The Bubble That Broke The Bank argues that long-term unemployment will be the norm for tech workers.

[@jjohnson5014]

Supply and demand in effect

[@cnsmiles]

@@jjohnson5014 no its not. its offshoring. plain simple. Company leveraged their Hyderabad(India) 3rd party partner and laid off 100 people in my company with more to come. They’re doing that everywhere.

[@LoneBagels]

Women don't make 16% or less. From my experience, Women tend to accept any low-ball offer thrown at them. If you ask too much, Tech orgs will hire whoever is willing to do the same work for less; your gender/face/accent, none of those matter.

[@GeorgiaMade404]

Not true. In tech first priority goes to White men, then Asian men, then Indian men. Everyone else is hired as needed only for DEI reasons.

[@g3user1usa]

Did employees actually think their tech salary gravy train would last indefinitely? They should have at least tried to save money in case it didn't last. I heard that some tech companies hired skilled extra employees to sit around doing nothing just so rival companies couldn't hire them. Anyway, there's never any guarantee that an employee won't ever get laid off unless they've signed a contract that says they can't be laid off. If a tech worker has good enough skills he or she will likely get another decent job with a similar salary. I doubt they'll end up behind a fast-food counter and even if they do, it's an honest living with a chance to be promoted.

[@mrparkerdan]

most tech workers are over-employed, over-paid, and can't even do their jobs correctly. 🙄

[@kyrey5468]

I'm so happy I am in the public accounting field. My salary has gone up over 30% since the start of COVID and there is a huge demand for public accountants right now.

[@droidgunner3840]

Bot go away

[@wisdoma4860]

Dont WORRY WEN NEXT REPORT COMES OUT? Showing More JOBS ADDED? They will come up with another SPIN ...Wait for it. .LOL

[@jakeleone8944]

There were 110,000 OPT student visas last year. Mostly from India. OPT gives a 15% discount to hire a foreign student over a local worker. And STEM OPT (programming for example) can last for 27 months. Instead of have an OPT, only for foreign workers. We should extend the OPT to all students and the unemployed. This could be part of an apprenticeship program, that lasts up to 3 years. If the worker leaves early, they pay back the tax break. This would incentivize employer training.

[@genZetarded]

First there is discrimination to hire based on diversity. Then even during layoff you need diversity? LoL

[@funquiz10k-zw2bx]

Why are woman coming into factor

[@bigcountryranch]

DEI - govt want to see balance.

[@Sanscripter]

Guys, her company is Women in Tech. That's all the data she has

[@XSquidbeatsX]

So she sells a lie to get paid. Lol

[@novadhd]

but the vid is about tech layoffs

[@cheddarboyzz313]

if the cost of living was not 5x what a man brings home so many women would not be screaming to work everyday because they already have their hands full unless they are single...

[@droidgunner3840]

I remember watching 19 in 1995 I was 20 years old I was watching the news how all these college kids had recruiters show up to their college offer them $50,000 signing bonus and 100K a year jobs

[@topicalstormofficial]

How many of them recently grossly overpaid for houses during the recent FOMO buying frenzy?

[@TravisPluss]

They all did! And they inflated the cost of living in other cities with their remote work. They need a haircut.

[@michael2275]

Still hugely over paid, just getting started. Oil & mining engineers/ workers will be the next to have insane salaries in a few years imo

[@marshonmellows]

We are in a tech recession

[@riolmadrs]

Also, it’s freight recession

[@g3user1usa]

Wait until A.I. kicks in. Then we'll see some real layoffs. Wall Street will really be happy as that's what they want so badly. I don't see why humans are so happy to see A.I. take over everything. I enjoy thinking and doing things for myself. What else am I living for if not to do that much. Humans need motivation and a sense of purpose in life.

[@InvestingAlex]

Not yet. We have at least a year. If all the investment that goes into building the AI infrastructure dont panned out, the cutbacks and job cuts will really begin. What's going on now is just a reallocation of capital.

[@hummersd]

When you look at relative numbers, Apple doesn’t belong in the list of tech companies with large-scale layoffs. 600 when a project ended vs. thousands x several times by Alphabet and Meta; its pales in comparison.

[@TravisPluss]

I heard somewhere that it's because Apple didn't overhire during the pandemic. Other tech companies hired based on the artificially increased demand and now the demand is gone with everyone traveling and going outside.

[@christophec.482]

So the HR from all those companies "unionized" and collectively decided to lower salaries ... a union against unions. Just a crazy hypothesis ? Or possible idea ?

[@JRInTroy]

Are we actually measuring hiring or just job postings because everyone is complaining about fake job posts

[@bigcountryranch]

and yes, there are plenty of fake job posts to help drive linkedin's revenue up.

[@nestharus]

I'd like to know if this wage gap is considering the same roles or if it's across the board. Most of these numbers are across the board so they are incredibly misleading.

[@djohn2591]

Well, we all saw this coming. As the market became over saturated with qualified ppl in the tech industry boom and then exacerbated by the intro of AI that can replace most of the simpler tech related jobs, it was only a matter of time before they started becoming super selective and lowering salary offers. Inflation just sped this process up.

[@wisdoma4860]

YES PUSH FUD, WE NEED A MANUEFACTURED CRISES, LETS GO ...ELITES MAD PEOPLE WHO WANT TO WORK ARE WORKING AND MAKEING MONEY...

[@redwithblackstripes]

There isn't any space to fill with ads left, you did your job tech workers.

[@jiridvorak]

So programmators are no longer needed?

[@jiridvorak]

@ChineseRatfaceCHANG in past you have to know lot about programming and writing code, in these day you can just simply ask AI, and it pulls really good code for you in few seconds. If you are good, you just allign it and spare lot of time. So what in past was work for juniors today is going to be replaced by AI.

[@Websitedr]

AI has been around a long time so why all the sudden it becomes the buzzword for what's happening. Internist rates were near 0% allowing these companies to borrow money for free hire so many people in tech creating this frenzy for a few years and now they can't do that. We're never going to get back to 2019 the way things are going today.

[@denysolleik9896]

What data?

[@Mr11ESSE111]

seems that its too much now of IT and similar workers

[@texasgermancowgirl]

as a woman in tech, why are you focusing on us? give me the data not the gender bull!

[@TuxBearlux]

Outsourcing to India 🇮🇳 and AI replacement for all tech jobs 🤔.. more layoff should be coming.

[@realnapster1522]

It has nothing to do with India. Wake up and smell the coffee. Or go to college.

[@chrisbrimhall1613]

That market is flooded with candidates so companies can decrease wages because to many candidates for fewer jobs. If you went to a trade school and became a plumber you will make very good money and being laid off is rarer

[@WeekendsOutsideFL]

Technological advances and continued white collar offshoring is not friendly to the millions of job seekers.

[@dalesnider8040]

If all jobs require either a formal education or technical expertise in lieu. 50/50.

[@Omikoshi78]

Union pay up. Tech salary down. It’s hard to get ahead on merit anymore.

[@arunkumarm18]

It was govt responsibility to look after Jobs market, if there is disturbance in job market and then people should suffer, income gap will increase. Then few stupid people will start barking that you should improvise, even 99% educated state/countries are facing unemployment today.

[@Daniel-xaogjeyh]

got a paycut and now back to 400k per year from 500k, the pain is real

[@TravisPluss]

Oh boohoo.

[@crovian7]

Cause tech workers don't do anything that ai can't do.

[@halos4179]

You don't know what you are talking about.

[@RoninX33]

Not a time to be job hopping.

[@Anthony-dj4nd]

A lot of people going to be replaced by bots

[@philip796]

Overpaid for the work they do (and lack thereof). I know plenty of people in these types of jobs doing only a few hours a day of actual work while getting paid a full days worth in 2 different positions. 400k plus for 3 hours a day of work? it was about time.

[@Precursor-co7up]

She said "Silicone" Valley.

[@BizzaroBrainBoi]

whole python team in google let go too?

[@jadecom6]

What do you mean? Which python team?

[@bigcountryranch]

google never invented python. you mean those users of python library got let go?

[@indian3021]

within next five year all current high paying salary jobs in it industry going to hit hard by ai, either salaries will be reduced or you will loose your job, as new youth will come for job with low salary expectation and command on ai

[@monterreymxisfun3627]

If men's salaries drop, while women's salaries stay the same, isn't that a good thing because it makes progress on the gender wage gap.

[@NY-op9tf]

why are women a focus point here as if it is disproportionately effecting them, feminism.. smh

[@topicalstormofficial]

Feminism created full-time victims.

[@selvakumarmurugesan9013]

But inflation is going record high :( though salaries are down.

[@Kr0nicDragon]

Aw, poor techbros

[@dmitrykim3096]

Tech guys were overpaid so its natural

[@bugra320]

You have no any idea how much effort someone needs to put in those roles. You constantly have to learn and improve yourself, which means less free time for you. I'm not even mentioning the stress level

[@dmitrykim3096]

@@bugra320 I am a tech guy so you don't have to tell me. Some people are spending 60 hours a week to make things work but some people like some product owners do almost nothing, there are a lot of roles that don't do much

[@bugra320]

@@dmitrykim3096 It is not developers' fault that product owners or scrums masters getting paid too much.

[@dmitrykim3096]

@@bugra320 look developers are overpaid too, for a long time, there are harder works that paid much less. It's just people got used to it and started to think they deserve it

[@bugra320]

@@dmitrykim3096 Those harder works are mostly not about using the brain. Jobs involving physical effort and more routine way of work is much better. Because I've been on both sides.

[@topofthegreen]

Yup, AI is replacing workers, robots work for free.

[@jaynam6601]

All job's salary ahs been decreased. Not only the it jobs

[@shafiq_ramli]

Yeaah I'm just going to start learning web dev..

[@topicalstormofficial]

“Learn to code bro.”

[@TravisPluss]

Tired about hearing of women in the workforce (for tech). They don't want these jobs plain and simple. Stop trying to make things happen.

[@tommyy__]

That's sad

[@istvanpraha]

Wtf what is the “how does it impact women” nonsense

[@christiancoronado]

I am good with everything she said. Hopefully, this is a trend

[@ScottFranklin-of3nz]

Media nicknames no longer admired and precautions of choice browser not yet has privelage to enforce law against

[@AO-kr9kd]

Get into STEM! They say, lol no one is safe idc what degree u get.

[@JJ-rp2df]

Its a skill and experience disparity

[@gerdaleta]

😮 what Optimus prime said😮 you fall I rise😮 the AIS are here folks

[@mxweng]

They used to hire Indian workers and soon they will use AI to save more $$$.

[@bigcountryranch]

it's happening. there's really no need to outsource from china either.

[@duancoviero9759]

Conservatives are throwing a party.

[@notandyvee]

How has this conversation shifted to gender? Wtf

[@bigcountryranch]

Woman matters more.

[@montuedge]

😢

[@novadhd]

AI is helping with tech hiring yeah ok lady

[@frankcoffey]

They all went to India.

[@wolfgangkrausser3220]

I thought Yahoo was d3ath long time ago

[@belindacarter6872]

Thank you, AI 🤕

[@maggie937]

Learn to weld 😂

[@rivelino13]

H-Town!

[@crovian7]

Have fun struggling.

[@FrankGallagherr]

Biden inflation

[@dons3073]

Haha