When will Mass Layoffs in Tech & IT STOP? | Good & Bad Layoffs News 2024 | IT Layoffs | Tech Layoffs

[@IYKYKpro]

I am starting a "Problem Solving Challenge" on KZbin community. 1) Every weekday, I post a question on my KZbin community at 7 pm IST. 2) The question is designed in a way to improve your structured thinking skill and also I will keep the problem more "business news focused"! And will post my version of the answer at 10 PM IST. Ground rules: 1) You should not spend more than 3-5 minutes for solving the question. 2) You should share your answer in the comments (on that KZbin post). 3) You will feel that "You are not learning anything" for 1-2 months. But, then the compounding benefits kick in after 1-2 months. And you will realize the benefits. If this works. I will create more such "small activities" that can improve your problem solving muscle. - If you are you interested to participate, do subscribe to the channel join and enable the notifications so that the challenge is on your feed everyday! ****** Will start with the first problem on my KZbin community from 28th Feb (Wednesday):) Do check and share your answer! If you are interested - like this post. I will also know the excitement:)

[@sheelkumar9809]

For better future stop working in IT industry , whole life will spend in learning. This is worst industry where recession is back every 4-5 years. And recession is always trigger by investors , bring back artificially with economical numbers 😅 and government have no control. Freshers have to stop considering IT industries for long run otherwise at age 40 you will be helpless when you have family , medical bills and kids. In IT every day fear of job loss and no sustainability , every 6 months you have to begging for hike and justify in appraisal. And also regional politics in IT offices, as experience grow job opportunities is less in IT. These are dirty fact about IT industry 😊

[@ronakbarman3580]

Tell us what should we consider then which has a good pay, apart from business.

[@progamerz6819]

​@@ronakbarman3580 Correct

[@Gauravkumar-jm4ve]

So true 😢

[@HimanshuSingh-uk6pz]

If a person has a problem with a lifetime of learning... Then the tech industry was never for them

[@adityaaditya7286]

Bhai mba wale field me to politics hota hi ni h???

[@MadelynJohn-yv8xb]

You speak pure facts. No truer words have been said. I got to lay off some tactics of late and hopefully see changes .

[@MadelynJohn-yv8xb]

And pray some day I find a favourable alternative.

[@queenrobert-un3pi]

​@@MadelynJohn-yv8xb Information is always key. Top priority is knowing the right tools to use to solve the problem and thus bring absolute solution.

[@queenrobert-un3pi]

It's often pertinent and sacrosanct to seek advice from a finance manager or advisor in order to control recession and achieve high gains.

[@MadelynJohn-yv8xb]

@@queenrobert-un3pi Tried couple of financial managers but didn't get a good response probably cos they were too busy. How often do your advisor write back,?

[@EvaAgnieszka]

People often look down on the planner's and Managers role in fund management. Well thats why I'll forever heap praises on Nathan Travis Cook.

[@basicprogrammer6147]

I always wonder why local municipal governments never have layoffs. Have you ever walked into city hall? So many people are just sitting around, or they're clocked in but not even present. Sometimes I've gone in to pay a bill and see everyone socializing. They see me and scamper back to their computers and sit there quietly until I leave, of course. My point is, if municipalities embrace AI, it seems like well over 50% of the tasks could be performed by robotic software. Finance departments seem most vunerable because the staff doesn't really do anything and the spending reports and procurement procedures are always the same year after year.

[@prasannakarthik7721]

Nice video Pavan! Great to see you've covered the positive trends in layoffs too. I'm eager to learn about how other sectors like Consulting and Banking are affected/will be affected in the near future by layoffs. Would love to hear from you especially as you're a former Consultant at McKinsey. How much of an impact do you think AI has in Consulting and how deep future developments like AGI can can impact it further?👍

[@gurusastropalmistry2214]

The positive aspect may be less layoffs. But it will at the cost of new hirings! So net result would be the same. The rate of hiring is more important in IT because 1000s of IT profs are entering the job mkt

[@mrinalkrant2523]

Amazing information... Thanks Pavan. Can you also make a video on Employee Farming? Meta and other Maang Companies have been blamed to have indulged in having much larger teams than needed just to project that they are doing something massive! This term also became popular after Elon fired nearly 90% of the 8000 staff and twitter, now X corp is working better than earlier...

[@IYKYKpro]

Thank you Mrinal:) Will look into it soon. Adding to my to-do list

[@maheshrathod204]

I don't know if these companies are firing all of there employees, Then i wonder who will buy these companies products 😂😂

[@kalyaniaher6851]

Set correct salary ranges for per designation. Give maximum only 50% raise while switch company. Support on performance instead of politics.

[@Rn45634]

Now Japan and UK have been formally declared to have gone into recession recently. This means more layoffs can be expected in upcoming days

[@yashmetha1232]

Uk and Japan dont have much impact on india. It's mostly USA so look out for American companies.

[@yakoobirrfan3067]

What you said is absolutely correct, sir. But I have one doubt: AI is occupying everywhere and everyone is losing their jobs. Take this example: UPS laid off 12,000 employees and replaced their work with AI. Let's assume, if these 12,000 people learn AI tools very well, like professionals, will these companies be ready to hire them again in their organization? I don't have proper knowledge to say this, but this is what may happen in the future. Even if we learn top-end AI skills, in the future, artificial intelligence will always be one step ahead of us. We won't be there to see upcoming new innovations in this world, but the concept of Terminator and Robo movies will become true: machines will rule the world, humans, Tata, bye-bye.

[@rajnishdas8275]

Please get your facts right. UPS did layoffs due to decline in revenue and not because of some machine learning algorithm replacing the workforce. I could not find a single article supporting your claim

[@Neerajkushwaha-uz8wo]

Where is world moving towards 😥. It’s too hard to get jobs for freshers nowadays

[@avijitbasu5789]

Layoffs will not end. AI is being utilised to replace half of the total human work force, at present conditions. In fact, in Western World, it is accelerating at a very fast pace.😢 And job listings in sites such as INDEED? Less said the better.

[@klausmikaelson6824]

Reference culture one of the reasons 😂

[@bigbanknewyork3655]

50% less job postings than last year

[@chandreshmittal123]

Hard work is law of nature. Either you work hard to get a good college or work hard to get a good job.

[@jaibaba3850]

Bro i am jobless and going to turn 30 this year..iam helpless now 😢

[@AnilMalavSS]

Ground level information 👌🏻

[@IYKYKpro]

Do subscribe to the channel if you haven't already! Will make videos about the latest in the corporate world from an employee perspective! And hope to receive your support:)

[@debanjanghoshdastidar8970]

Government should made hard law for layoffs

[@sayali.navare]

You need to be original... I m sure you know what I mean

[@RX-Ani]

Seniors are getting laid off and fresher are no getting job...😢

[@rangarajanragavan1163]

What I don’t understand is wfo concept ? Like let’s say your team is somewhere in India you as a manager your somewhere. So how does wfo helps you to form a bond with your team members ? If your work location is Bangalore as a manager and your team member is in Hyd how are you gonna bond anyways ? It’s going to be over teams call only .

[@Makarov934]

But understand this that local shops will have their business back from employees if they come to office. Those local business owner have to pay political party security bribe . So wfh means local bjp netas are not getting extortion money. So these neta s are pressuring companies to ask employees back. This is the reality. Now the company cannot say this instead feeding you bull shit like bonding team work etc. you cannot fight this

[@samhitabhattacharya3608]

Banning wfh is to disguise incompetency and poly tricks if it's remote all written communication so every single thing has proof who is efficient worker who is not whereas in person more verbal no proof of abuse so easy to corner as anyone saying I dnt like your face 😂 canteen people loose business is another false reason everyone knows canteen foods r most unhealthy .

[@rahulsen002]

​@@Makarov934Haan unsaid desh ke liye balidaan , tapasya mein no kami.. wfh was productive.. period

[@Makarov934]

@@rahulsen002 bat productivity k ha I nhi political agenda h ..kaise fight karoge

[@rahulsen002]

@@Makarov934 fight kya hi karenge Bhai .. beyond us

[@sayali2807]

When entire ur team is not from the location you are from and you get low salary, how can an employee afford to pay for accommodation in the city which is too far from the home, just for going 1/2 days a week in office. Does it make any sense

[@vallab19]

Governments, public and everyone should encourage and welcome such an AI productivity driven layoffs that will tremendously increase the entrepreneurs, business profit. However it should be geared toward bringing all round benefit for all people in society or the humanity. The Government should see that A substantial portion of this profit should be reserved by taxing or whatever means, for building a Universal Basic Income fund in preparation to Guaranty Basic Income or UBI for all people, to alleviate them from the economic problems arising from the layoffs or joblessness for the masses who have been liberated them from the drudgery of their exploitative labour and living freely in the Zero Work Society.

[@sagar2671]

Cisco main business was into hardware . Now since most companies are moving to cloud it has a direct impact on Cisco . Also the VoIP solution of Cisco has gone to teams . For security there are many big players in market

[@Abinash_Lenka]

C'mon in 2024 IT layoffs are too high. Infosys already laid off 15k employees and more 10k are going to be laid off till march 31

[@Rajtruevoice]

Thanks for the nice content and ray of hope sir....

[@MADDILAKSHMINARAYANA]

Please Make some video on career guidance...different kinds of roles in companies...companies structure...packages..etc..career building mindset...long term career blinding strategies...

[@ManjunathM-ef8xd]

Why u r underrated 💯 truth no bs.....

[@sapred4187]

Layoffs are just starting dude 😊.. They will continue throughout this year... Recession about to begin very severely, already started in Japan and U. K... Will start in U. S... So real estate and Stock market will fall more than 70 per cent this year in India.

[@anuragmishra1701]

Hawa mein teer maar rha kya be

[@adityau5823]

Very true brother 💯💯💯

[@TheAnalyst-ib9rr]

70 bhai kuch bhi...ghar bechde fir apna

[@sapred4187]

@@anuragmishra1701 News dekh be, international news agar angrezi aati hai to

[@anuragmishra1701]

@@sapred4187 tu to aise bol rha jaise English smjh ke tujhe Amrit mil gya hai. Western ke 14. 70 per girne ka mtlb smjhta hai baklol. Agar koi aisi false reporting kr rha hai to main to report kr dun.

[@pduran880]

Employees need to create their own “fortress balance sheet” so companies can’t leverage them. Employees are too dependent on their paycheck. They need multiple streams of income. That’s the key 🔑

[@mi10i37]

Vedanta do Layoffs (Force full resignation) every year. They layoff 6 to 7 years of experience people with 18 lakhs salary and hire new joining of other college people at 17 lakhs... Please make detail video...

[@DeepeshDeomurari]

Good analysis but you mixed up multiple things. AI is taking up jobs for sure. But companies are still betting very selectively on AI. Like all talk about Gen AI only which is not even 10% of it. Further, yes AI tools can help productivity. The main reason is business is going down. Recession in UK, Japan is telling the same. Interest rate going down will not fix it. Delay is damaging. Recession fever started gripping which is limiting US investments. Tech is future investments.

[@prathmeshsangvikar2559]

Very factual and informative video I'm impressed

[@atikkhochikar_5352]

Sir please make video on fresher hiring in india pune,banglore, Hyderabad offcampus tier 3 tier 2 colleges

[@IYKYKpro]

Will do Atif. Give me sometime. I am writing this on my to-do videos list

[@Videoloverjanaki]

How long will these layoffs last? This is so nerve-wracking.

[@chaitradangat]

rather than watching utube videos why not upskill and let rest fall in place.. i have found spending 1hr per day on small upskilling and learning takes away 100% of anxiety and uncertainty

[@da9z394]

Reason number #3 is the main reason. High interest rate.

[@dsyoutube-q8w]

Not sure about such news and the role of AI in it. AI is just a jargon like crypto, web3, metaverse etc. Hiring will pick up when the AI fad is over.

[@satish8437]

Except it’s not a fad.. there would definitely be a permanent elimination of some of the roles (for example chat support, call centers etc). Also where you would’ve needed 2 persons, you may get the same job done by 1 (thanks to copilot feature). So, the immediate future atleast looks a bit concerning. Early days…

[@dsyoutube-q8w]

@@satish8437 How many accountant jobs did computers eliminate? How many support jobs did chat bots eliminate? Copilot is more of a predictive analytical feature. It can't come up with solutions, let alone look for problems to solve. ChatGPT came out in Nov 2022, how many businesses big and small actually use it and how does it contribute to their revenues? There have been "development will be obsolete" calls since around a decade now. Just like how crypto was supposed to eliminate the banks 😂

[@vci_ds]

I'm working with Generative AI for last 1 year, and working heavily with Retrieval Augmented Generation (RAG). Both new developments and increasing size of Foundation models, and improvement in their integration into business processes, is making me worried. While Layoffs may decrease in some areas, the number might continue to take place in large organizations in targetted areas one by one, depending upon AI success.

[@prasannakarthik7721]

Would love to hear from you what you think of the upcoming GPT-5 and AGI? Does it seem like OpenAI is so close to reaching AGI and a huge AI revolution is just around the corner?

[@vci_ds]

@@prasannakarthik7721 I don't have a direct answer to your question, that if GPT-5 will achieve AGI or not. But if you take a look at current LLM/VLM/MLLM models, it's clearly evident that increasing the compute and number of parameters can significantly improve the accuracy. And I don't think we need AGI to augment the workers. We're nearing the capabilities to augment the work to certain level, which means while it not able to entirely replace human at something, it can significantly reduce the team sizes. However, I'm always skeptical about the economics of new age AI. My 2 cents are : 1. Higher costs might impact the adoption of massive-scale models. 2. I'm pessimistic about the models with large context window, ie Gemini 1.5 3. Resource efficient RAG/intelligent agents/multi-agent sysmtems built over present day LLMs or multi-LLMs might outperform the massive LLMs. 4. AI community will continue to improve the mathematics to shrink the LLM model size

[@vaasureddy3738]

awesome . truly said

[@Chaya-z1o]

More openings but they are expecting more knowledge like 2 year experience with 5 years knowledge and long with DSA

[@sankkham]

For testing and automation roles which AI tools are good and can be used in future?

[@prasannakarthik7721]

I work as a RPA Developer involving tools like UiPath, MS Power Automate, Automation Anywhere. I see those tools are integrating OpenAI/Gemini where you can use the prompts inside the tools by connecting with an API. But I've also seen tools like Genta Automation and MultiOn developed for AI Automation where you can automate with less effort. MultiOn for example uses just text/speech to automate daily tasks whereas Genta Automation builds the entire workflow for automating complex tasks through just word prompts. The AI Tools are still in beta stage but I see huge potential soon.

[@Siva-en9sw]

None buddy, i am using open AI's api intensively in my web testing but that is only a tiny fraction in the large ecosystem, none of the A.i tools are remotley useful. Stick to coding and try to learn DSA as much as possible

[@salmarafiq7695]

@@Siva-en9sw Do you use it for API testing or UI testing?

[@Siva-en9sw]

@@salmarafiq7695 Only for UI testing using GPT Vison API integrated in my selenium codebase for additional edge verifications

[@bvvsr89]

Hello pavan, can you give some practical tips for how an exp person can use his skills to earn money so that he can leave his job for good. " Learn new technologies.." is one tip that everyone already knows... but other than that do you have any suggestions ?

[@samiullahk7223]

Create fear mongering vedios like this and get famous 😂

[@007rockford]

I work in UPS and many people lost job this month

[@rajadon2071]

Elimination of roles is dangerous 😢

[@ortforshort7652]

Companies were "forced" to keep unnecessary IT workers for the last few years in fear of laying them off would cause their stock prices to plumment. Currently, if you are a Tech Company and say you are fully invested in AI, your stock price soars. Do the math. If your are a Tech Company you broadcast that you have implemented AI (win) and you can then have a legitimate excuse for laying off all of those unneeded IT workers that you were holding onto to keep your stock price high (win). I doubt if any of these Tech Companies are doing much with AI yet, but it doesn't matter, they have a vested interest in saying they do.

[@Ascendify5]

Lay off end in 2026 Prompt engineering will replace software engineering

[@oppavan7720]

At least I heard some good news

[@badass2485]

Thank you @Pavan Sathiraju for this insightful video. I have a question, according to your analysis or your thought process how likely is it that the IT Job market will improve in 2025(mid year) in the US?

[@vanithaks2215]

Then how during pandemic people worked in remote ?. Whether business not ran ?

[@snakeplissken3063]

If your job can be done remotely, it can be done remotely from India at half the cost.

[@debanjanghoshdastidar8970]

Some legal action should taken by government

[@kushagrananda3142]

Bro it’s a global crisis it’s inevitable…. New jobs will be created there will be a boom soon

[@rdbtumpy]

Layoff is done by upper management, greed of investors.. Companies moreorless making proits and C-suite and board members earning in millions.. There should be vigilant justice, honestly...

[@TheCharangiri]

Please plan some investment on assets to generate passive income rather than investment on property

[@che6820]

People are smart they just learn don't work and people who work are those who all are new and get a good salary. They get pressured and leave. Cycle repeats

[@suntoshahuja1945]

Very Nice.

[@rohittalwar5602]

HOW DOES IT MATTER LET THE SHEEP CATTLE LEARN ONCE THEY OPERATE BETWEEN GREED AND FEAR....SHEEP AND CATTLE WONT STOP WHETHER LAYOFFS OR NOT

[@himanshukathuria2700]

Do you Understand De-Dollarisation, De - Radicalisation and De - Colonization?

[@christophers8849]

So people with disabilities that bennifit from remote work are screwed

[@sriganeshkudikala6361]

Sir, I have one doubt plz clear it. When layoffs will stop sir.

[@chvbkmohan8804]

Software engineers should get ₹50 lakh or 50 million per day without any work because Software companies are gods

[@satheeshkumar-rv9jo]

See this is one of my information videos like this is not going to create much impact among public I think information which you heard form IT employees you projected,on the other side machine learning classification and prediction will not work fine in all businesses when it was been disturbed hackers It’s my humble request don’t post disappointing messages

[@Sharma1920.]

Government/psu job karo...job security is must

[@eldorado6353]

True

[@eldorado6353]

@Jupiter05 which PSU ? Why didn't they pay u?

[@eldorado6353]

@Jupiter05 Oh so that PSU in which you are working is still functioning or its closed?

[@Ravi50237]

As long as corporations can influence politicians in the name of political correctness, use globalization and racism card to import H1B immigrants and illegal immigrants, encourage single hood, promote feminism to encourage enough supply of female workforce and overall workforce to gain advantage of cheap labor cost due to abundance of workforce, these corporations can do anything they want. Americans are at the mercy of corporations.

[@swaranreddy461]

Sir can you make Job roles which Are AI Recession Proof for future.

[@IYKYKpro]

Sure. Will give it a shot soon!

[@Mi_Vidrohi]

Buisness

[@Anant.Bhatia.Antz_Bin]

I am at Cisco. Half my peers (same manager) are gone.

[@eren-qu9uu]

How many layoff in india?

[@kushagrananda3142]

Manager level guys can withstand a recession but fresher or below 2 years suffer a lot. I am one of them

[@Mi_Vidrohi]

😢 my job gone

[@eren-qu9uu]

@@Mi_Vidrohi which position ? which city? how many from india ?

[@Mi_Vidrohi]

@@eren-qu9uu I'm exemployee of cognizant now opened Pani puri store earning 3k per day with 2k profit 😀😀

[@maheshwaranpongiannan8191]

Where is the link for the article you mention?

[@gourishsajjan5454]

Where is the link to article for probability of layoffs...

[@arijit2024here]

Pls make a video how to get into consulting with low cgpa

[@IYKYKpro]

Have made quite a few videos! Do check my consulting playlist!

[@srikumar9963]

Invest for the future and let the employers make the changes in AI chips by themselves instead of depending on their employees who've been fired. Number of employees who're getting fired is smaller this year (2024), thats because most of the people have already been fired in 2023.

[@shashiy4545]

I suspect actual layoffs will hit India post election.....

[@IYKYKpro]

hmm. I doubt because of our standing as a economical labor market for the western world. So, they need us (even beyond elections). Why do you think Elections will change the layoffs scenario?

[@shashiy4545]

​@@IYKYKpro if you see what Gov has been doing with large cap IT stocks in last 1 years you will get an insight.. LIC has has been midlessly buying stake in them which is being unloaded by Foreign investors ie to save the stock prices as they are index heavy weights and to strong arm the management....many top IT executive have left IT companies likely because of gov pressure to not cut employess and opposit pressure from investors to cut costs as margins remain effected... the elephant in the room is 60% of our IT industry serivces BFSI sector in US and EU..where the banks are in horrible shape with huge unrealised losses from soveign bonds and unaccounted losses due to drop in comercial RE prices. These losses will likely lead to consolidation in many US regional banks and insurence comanies which is bread and butter of our IT companies....a bank closing down means entire IT / backoffice wiped off... not to metion AI code generation is driving masssive productivity gains in less experienced employess ie (3-5 year exp group ) making many high paid older employess ( 38-45 age group) redundant...

[@VM-zp1cz]

Al will replace 75% workforce

[@saireddy2825]

Then who will buy invented products ?

[@Vinuta-ue3sd]

Lay off is an extreme problem in mankind.

[@make-coffee-now]

AI is the new Smartphone. Soon there will be AI apps all over the world.

[@akshaysingh4634]

Openai sora coming to eat more jobs

[@paranormaltalks722]

Why i should learn for someone who earn for their pockets 😅😂 IT is hell

[@aboli_r_shinde]

Is there this entire year resession will continue? Please reply

[@IYKYKpro]

I strongly doubt it. And data also suggests otherwise

[@Mi_Vidrohi]

Yes it's going to continue 😢

[@GoAroundAbinash]

I am working in IT industry for 6 years. And i am pretty sure that this will continue next 2yrs

[@ArjunDubey-vx5qb]

IT and Product sector has lots of jobs

[@rishiraj2548]

🙏

[@karthick5843]

Production job are going

[@TheGodfather101]

when the fed interest rate is slashed.

[@user27455]

Expected May onwards

[@patiltalks_]

😂😂 बहोत उड रहे थे कॉम्प्युटर सायन्स वाले 😂😂 only mechanical🎉🎉

[@akshaysingh4634]

Mechanical me toh pehle se hi akal hain jobs ki

[@patiltalks_]

@@akshaysingh4634 salary km hai but job security hai 🔥🔥😁 tumhari tarah nahi kabhi bhi job se nikal de 😂😂

[@shankar8816]

Kuch acha pdao .. youtube is not for this things

[@IYKYKpro]

Arey bhai! I am trying:) I am giving the ground reality based on facts. If there is something you found wrong with this video - let me know. Will correct it!!

[@STUDYCELL1]

New vaccancies coming in the field of robbery😂

[@IYKYKpro]

lol. Lets not go that far man:)

[@basavarajsheelvanth1848]

Fucking IT