Where Are Laid Off Tech Employees Going? | CNBC Marathon

[@srinivaskalidindi5436]

There is nothing called dream job. Please love yourself and spend more time with your family,

[@albowler1722]

I had a dream job that I retired from. I used to design car engines.

[@christopherbuckley7544]

Yes, there is such a thing as a "Dream Job"...I had one 8 years ago. I busted my ass for that employer and proved how valuable I was, and they decided I didn't know what I was doing...after spending 30 years in that industry and working with all of their equipment over all that time. They got Fuuuckd SOOO Bad in the long run anyway. ;)

[@PjDurkin-m9s]

@@Necromancer1776 or he made too much

[@Brandonhayhew]

And where is the money that is the most important thing to a family

[@macroxela]

​@@Necromancer1776 like trolling much?

[@BrianGivensYtube]

I heard something that stuck with me - “The only people that will remember all the late nights you worked is your family” “Your manager has more control over your health than your doctor”

[@rdr621]

Sad but true

[@BigBoysWorkshop]

People are not referred to as "that" but who, or whom, so your quote should be "The only people who will remember all the late nights you worked is your family".

[@DS-qo2pz]

True, but we still need jobs to support family. Isn’t it?

[@kyleolson9636]

Yeah, I remember all the late nights my mom worked. I also remember all the great vacations we enjoyed, my own personal computer I had at an early age (in the late 80s) that led to my current career in IT, and my college education that my parents were able to pay for. All thanks to those late nights my mom worked. Thanks mom.

[@paulp6909]

Oof. Heavy and hit home.

[@ArmandoPerez-j7s]

The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

[@CoryBooker-l1z]

Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

[@HalleBBB]

Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

[@ChrisYoung-i2i]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@HalleBBB]

My CFA ’ CELIA KATHLEEN MARTEL, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@ChrisYoung-i2i]

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

[@jordanf7424]

After 25 years in tech with 3 different companies, I got rug pulled, I'm done with tech, I'm done working for anyone but myself, in fact I may just retire altogether. Young people coming up today need to empower themselves, take complete control of their earning power, dictate the terms and don't ever settle for less.

[@iannorstad58]

And how exactly are they supposed to do that, please tell

[@sneakysnake2866]

how do you just retire lol

[@jordanf7424]

@@sneakysnake2866 How? 1.) Saved my money 2.) Invested it. 3.) Bought real estate, paid it off. 4.) Kept low debt to income. If you can't figure that out yourself, you either learn, or flip burgers for the rest of your life. LOL

[@ShyGuyLoveSongs]

I was laid off by Verizon on 9-11-2001. I had to tell my wife and middle school children at dinner that night. It took me years to recover. It changed me forever. I do the bare minimum to keep my current corporate job, no trust in anyone outside close friends and family.

[@blooflazh7]

It's traumatizing and dehumanizing how this system treats us

[@tomsd8656]

I started working in 1988, before there was the internet. At that time, employers would fly you in first class just to do an interview. As just an intern in 1986, I was also flying first class accompanying my boss and another engineer on business trips. I rarely heard the word layoff, and I never did get laid off until the first time in 2016. But by then, I had seen so many layoffs that I was always in consulting mode. I never bothered climbing the corporate ladder, just exchanged my knowledge for payment. That's all.

[@mikehusky3967]

I also got laid off, i carried on with my life with no complains or whatever. Thats reality of life.

[@SuperS05]

​@summerwest3099what? Being let go? Companies are allowed to hire and fire. They wouldn't be viable if they couldn't.

[@rutstrangle]

@summerwest3099 Do you live in North Korea? LMAO.

[@lawbinson]

Watching some of the smartest and hardworking people I’ve met get laid off is proof that one can get laid off no matter how great one is.

[@bagobeans]

Get laid off because less people are needed. Even the best get laid off. Too many that are the best.

[@Fuxerz]

You mean construction workers. Not these brats.

[@3lma]

@@bagobeans not really true. Connections and networking counts anywhere and in any field/industry.

[@cl-7832]

​@@3lmaoffice politics always wins.

[@MathewNg]

They got laid off because of how good they are. Lay-offs are all about not paying money to employees.

[@Top5Depot]

Every time a company tells you "we're a family," RUN.

[@iuliua]

also every company with an HR dept.

[@3thinking]

One big family....like the mob.

[@_devilfish303]

@@iuliuaso any company with more than 20 people? 🤨

[@nachannachle2706]

Truer words have never been spoken.

[@i-Consume-Only-Useful-Content]

Of course run because they gonna make you work not only at office but from home too 😂

[@anuwatsongkarn1443]

A major factor behind these massive layoffs is the greed of CEOs and investors. For example, Google (and KZbin) experienced sales growth from the pandemic until now, but they still laid off employees to increase profits by cutting costs.

[@williamlyons3947]

No they outsourced many of the jobs. I know a company that outsourced its program management on some projects to a foreign company. In 2022 they also shut down their assembly plant and made contracts to companies in mexico and central america

[@TortaLoca]

You’re two years late to this story.

[@pistolen87]

This video is a compilation of previously posted stories (Published February 2024, Published August 2023, Published November 2023)

[@ScottZupek]

So they just ignore how much worse it got in 2024 as well. Odd.

[@EmelyPhan]

Did you not see the description and the timestamps with months from this year and last year?

[@wan2lmao]

As always

[@TomNook.]

It's still ongoing

[@Peachesryt]

never be loyal to a company , be loyal to your 401k

[@Whatthellisthisthing]

401k can be nice…IF you reach retirement age. No guarantees lol

[@123lowp]

When laid off, you can roll the boring 401k into a fun IRA where you can YOLO on individual stocks. You can even buy deep out-of-the-money options with your IRA.

[@BABA-is8kv]

Cant be loyal to a 401k either.

[@Necromancer1776]

@@Peachesryt if you get laid off half of your 401k should go back to the employer. Cause they matched you for all the time and you were cut so why should the company take the hit if you were so lazy they let you go???

[@prjones09]

@@Necromancer1776 what. I won’t even give you much energy

[@phatster88]

"learn to code" didn't age that well

[@Andres_Acosta]

This was said during a boom cycle that lasted for 20 years. If you got in during that time it aged fantastically but all things end and so do boom cycles.

[@alphaomega1351]

The IT industry has been over hiring for decades. Too many BS jobs with fancy titles when in actuality 20% of the staff does 80% of all the work. A correction is long overdue. 😳

[@dev.microcosm]

The people getting laid off are mostly project managers, account executives, business analysts, and other tech adjacent workers. The actual software engineering jobs have mostly been fine.

[@Magicmak23]

It was such a lie. I learned to code from truckin and only was able to make 1 million in 7 years before i got layed off. now i'm out of a job and might go back to truckin

[@AbhiShah-k1c]

​@@dev.microcosmNo I was software engineer that built few of major projects but I was laid off because I was working in Canada and most of the team members were working from India.

[@sirheisenberg4459]

Crash! Crash! Recession! Inflation! It’s getting depressing. I have about $100k in emergency fund and I have been seeing good news about the stock market and would like to gain from that since I can’t let my savings be corroded by inflation. What stocks should I into as a newbie to safely grow my money.

[@mariahudson9939]

Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k I want to transfer into an s&p but its hard to bite the bullet and do it.

[@Tanner-c2m]

You need a Financial Advisor my friend so you don't get ripped off in the market. They provide personalized advice to individuals based on their risk appetite, placing them among the best of the best. There are bad ones, but some with good track records can be very good.

[@samuelrandy-k8x]

That's impressive ! I could really use the expertise of one of these advisors. Any chance you could recommend one?

[@Tanner-c2m]

Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@jorgeHudson-h4h]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@gonfreecss5105]

My wife interned for a big company back in college, after she graduated, she got hired. Almost a year later, they fired her. She was given a massive severance pay, and I mean a massive one. We used that to start our own biz, pay is less, but we make our own work hours and way less stressful. Can't trust any of the big companies as its all for profit; you're just another expendable body for them, no company is worth given your life for.

[@ailyn8539]

Agree

[@granttaylor4762]

Why would they have loyalty to you… why wtf , did you work super hard, lloyal or think you deserved it back only…so bye bye

[@je5406]

The massive severance package for one year of work sounds like a good trade off. Hope you send them xmas cards every year.

[@Manohman-fx2jq]

And you are your captain of your own ship.

[@AGuy-x3d]

@@granttaylor4762 You should be a lobbyist for giant corporations who destroy our economy, poison our food/water, pollute our air/rivers/oceans, and ship all our jobs overseas to save a buck

[@rafaelm.2056]

I have a friend in Mexico City who works for a US company as their NOC administrator. In the US a job like that pays around $75k to $95k per year. The company is paying my friend $1,500 a month for the same job. And he thinks he's being paid very well. I think the outsourcing trend is going to continue.

[@killdamnation]

It sure will. You can find very good people in other countries, and pay them a good wage for their area which is often nothing compared to the companies home country wages

[@cnsmiles]

thats whats going on. The media, at the behest of these companies, are gas lighting the public as if AI is replacing work so they can make it look like their not doing anything abnormal or immoral. Serious trade and labor laws need to be enforced. offshoring will be the death of this country.

[@Fromtheforgottengardens]

Same story in India. Getting 350$ a month in 2015 was like well paid for me when I worked for US. Client. That's how bad living standard was and having survival needs not met at times that. This kind of salary is above the survival standard. So yeah outsourcing will work.

[@seanthe100]

Not really you have to account for productivity winch is what employers really care about. Even between Canada and the US Americans are 30% more productive with the same time.

[@DerDudelino]

It was inevitable: Silicon Valley has spent a fortune to recruit Indian programers and move them to San Francisco. But they could as well hire them in India, pay them a fourth of their salary and they would live a much better life because life cost in their own country is so much lower. If you earn 50K US-Dollar a year in India, you are golden. It's the same job that pays 200K in San Francisco.

[@Northwest360]

Prioritizing shareholders and short term gains over employees is the status quo. We focus only on growth, and companies could care less about the people who dedicate so much of their time to the company

[@AF-wf6vo]

True.

[@FrumSepharadi]

That's literally all it is, and they hide it by getting you to be a part of their "culture", they use that pun to make you believe your worth ethic and ideas are valuable to your position, but if it doesn't show up in specific valuations they made up for their "profit" then it doesn't make sense for them to keep you around unless your nepotized in their "culture of innovation". Respect yourself and your ideas and value your credentials whatever they may be. Change fields or get a niche or specialty in your field if what you do is meaningful for you and your family. And take control of how you earn a living somehow. G-d Bless all of us.

[@samsonsoturian6013]

Dude, at most companies the shareholders and the workers are the same people

[@CHunt-cz1ek]

So, don't dedicate so much of your time. Time is all you have, and who knows how much?

[@TheHiLiteShow7]

That is the truth

[@yinnetteolivo]

Unemployment is HIGH!!! The market is lying to us.

[@rudyalfonsus686]

Do you know how Biden fake the data? they hire people into public service, open vacancy in low rank government service, so the unployment rate looks very low when they report it. It will end up very bad, coz we will spend too much tax money to pay the workers that we don't need. our government becomes very ineffective, and slowly we will become socialist country where even sweeping floor has its own ministry

[@Brdsh0t]

Your failing government has been lying to you since Bidens garbage administration took over. Now the Kackler is up next to continue the destruction. Keep voting blue, its working out great.

[@lasvegasluca9509]

Every family has that one person who will break the family financial struggle, I hope you become the one😊

[@ningyen1444]

Jobs will pay your bills, business will make you rich but investment makes and keep you wealthy!

[@popsarah7805]

You're absolutely right

[@claresmithy4667]

I’m looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you thing I should be buying?

[@lasvegasluca9509]

Crypto/stock investment but you will need a professional help

[@lasvegasluca9509]

She's active on face book @

[@ulfw]

225 Million Dollars for Sundar Pichai but over ten thousand people loosing their career for it says all you need to know about Google and other tech companies

[@flavoredcrust7424]

Sundar Pichai's previous place if employment was McKinsey. Google has been taken over by management types.

[@MchlV-es7qf]

They want the U.S. to fail and other 3rd world to rule. Layoffs is just one way to do it.

[@rayl1977]

On a level pitch - that which recent Google hires play on - he and others like hime would be making maybe 400 to 500K as fair compensation for what he contributes... around 500 x less. It's a game of little corporate kingdoms and their serfs.

[@sid8323]

Sundar should learn from Satya Nadella, Microsoft CEO is miles and miles better than Google CEO.

[@laius6047]

Just don't be evil

[@shadowsmirk]

so, Where Are Laid Off Tech Employees Going? You didn't answer the title of the video!

[@PMikeWarrior]

Answer is: Canada

[@vcr1232]

@@PMikeWarriorwhy Canada?

[@GearForTheYear]

They’re headed to the homeless shelter. There are no jobs to find.

[@benjamindorge5936]

​@@PMikeWarrior😂 Tech jobs in Canada? 😂

[@peterbeater012]

Probably becoming house wives because that what they are good at and don’t have to pretend to be like men 🙄

[@rubberroast1598]

That's why there is increased value now in hands on skilled trades. Plumbers, Carpenters, Electricians will never be replaced artificially in our lifetime. Our company is looking for a full time electrician to add to our maintenance department hand having a hell of a time. When it's filled it will be paid same as several of the senior managers of other departments.

[@egx161]

Did these tech workers think that they had secure permanent jobs? Nobody has a secure permanent job. We’re all disposable. Money and profit is all that matters. Loyalty is a thing of the past.

[@afanatee]

Doctors can have secure permanent jobs if I’m not mistaken

[@elphil123]

@@afanatee Because they are essential and needed

[@robotbro7187]

@@afanatee all healthcare workers. That's the only pro of working in healthcare, stable job and income. Everything else sucks

[@HaimRich94]

Specially when most of them are just useless, the amount of people without good skills in those jobs is hilarious. The only reason there were so many tech workers with high paying jobs was because big tech didn't want possible competition, now that is not needed they can just layoff unused workers

[@addanametocontinue]

@@elphil123 Nobody is above being replaced. If a hospital goes out of business, you can bet your ass that doctor either has to try to get transferred to another hospital under the same company or find another employer. It goes for tech workers, doctors, etc.

[@emilyau8023]

We really need to extend empathy to those who are struggling. There's so many who just insult them. It's a difficult job market.

[@MHolt-t6y]

My dad taught me when the economy is booming work hard save and invest the $$$$ rather that living beyond your means. the economy always goes in cycles .

[@StephShenanigans]

I really hate the narrative that because unemployment is so low things are good. I lost my job in a tech company and I'm technically not unemployed now, but would consider myself "under-employed" as I'm working at a local coffee shop and can't get another job after 100s of applications anywhere else. Amazing advice in this video too, "Find your own job!" Wow! I didn't even think to try that! I also think a lot of tech workers who were laid off can't even apply for unemployment because of the serverance payments and thus aren't being counted in some of these numbers. It makes me so angry that stocks for these companies are rising and CEOs are getting even richer when it feels like the hunger games out here for even one job with barely a living wage. I think discussions like this miss the entire point. It didn't even technically answer the question of where the people being laid off are going... It's not like we're all going into AI and moving to Canada...

[@warmsunnytoday4535]

I bet you make more people happy serving coffee with a smile and cheering everyone up. A lot more happy than sitting in front of a computer with little human face to face interaction. God always has a plan.

[@kenogu436]

​@@warmsunnytoday4535 Cope. Being a barista is depressing.

[@truthalonetriumphs6572]

These are not discussions. Just a mish-mash of sound bites from people eager to show off and get some exposure. People think they are smarter listening to these videos.

[@johnnunes2993]

As a Canadian, don’t come here because you will be disappointed. There’s hardly any jobs available and flooding the country with immigrants doesn’t help.

[@tnield9727]

Blame low interest rates enabling the wealth transfer to the asset owners, management, and CEO class.

[@Natalieneptune469]

The average person has never been so poor. Millions of families are struggling financially as living expenses hit the highest levels in more than four decades. Over 60% of our country lives paycheck to paycheck and about 40% earns poverty wages. Even after working all their lives, more than a quarter of older people have no savings and many believe they will never be able to retire in dignity, while around 55% of elderly people try to survive on an income of less than 25,000 a year.

[@rannyorton]

Biden is worst thing that happened to us

[@Patriciacraig599]

TRUMP 2024

[@tradekings5433]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@Patriciacraig599]

How can I participate in this?

[@tradekings5433]

Julia Hope Marble is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@xd1be9nb7v]

Layoffs are a failure of leadership?! Then why are the heads not getting laid off?! They should be first out the door but they get fat bonuses instead.

[@mikevondebag]

You obviously don't understand how corporate expansion works. You hire people to expand, then you trim fat once you've grown.

[@KingCloudsCape]

​@@mikevondebag just took an econ 101 class, did you? I'd encourage you to read more about this before accusing someone else of not understanding.

[@RealParadox85]

Bingo

[@NPC004-p9q]

@@KingCloudsCape Imagine taking the easiest major, a business major, and trying to down talk somebody. LOL. You're like the most common denominator in one of the easiest majors

[@xd1be9nb7v]

@@mikevondebag

[@vnikolov88]

Don't get fooled, not a single software developer was replaced by "AI" this is a stock manipulation happening in real time.

[@tr0picknowledge]

Thank you!!!

[@tygressblade]

Exactly

[@glostergloster6945]

Yep AI is largely a mirage. All these brains and they still cant figure out what it will actually be used for. Its largely BS

[@994pt4]

Maybe they are being laid off because Elon exposed he level of redundancy in tech companies when he purchased Twitter and laid off a HUGE portion of the workers. Funny how it still functions just fine 🤣🤣🤣

[@xuyn987]

I think they will be replaced later

[@sfrealestatedealmaker6001]

“Learn to code” will be replaced by “learn plumbing, electrical, HVAC, construction” now.

[@marvin6016]

And farming

[@coolfer2]

@@marvin6016 Nah, man. Farming can be automated quite easily too. I'd say plumbing is harder to automate.

[@Faisal-x3n8h]

I regret getting into the It world , I was fired within 10 mins

[@adamkay8507]

More like "Learn how to generate amazing generative AI prompts".

[@victor256in]

@@Faisal-x3n8h LOL

[@Fristpeople]

I got laid off during a so called strong Bush Jr. economy, after 20yrs of working for a tech company. What I found out is that your work life should be a business. Always be looking for the next job and leave when you find it. There is no such thing as a dream job or loyalty to a job or company. Your loyalty is to yourself. "Nothing personal boss, it is just a business decision and I have decided to part with you for a better opportunity and I will be leaving today. Thank you for your contributions and you might find me here again if our goals align. Good luck in your future endeavors." Then leave with a smile on your face. Once in your new job look for another job as soon as possible and don't limit yourself. Always look to improve your knowledge and position to make you more desirable to the next employer. Your job is to get as much money as you can, as fast as you can so you can stop working for them and they start working for you, or you only work when you wish too. Family and friends are the most important things in your life. Good luck young people.

[@seekan88]

I am so sick and tired of hearing AI 😐

[@glostergloster6945]

And Chat GPT which is utter sh*te

[@emanuelcarmona9930]

Ai is a helpful tool for coders but isn't replacing us anytime soon. Problem is many companies are just hiring people from other countries to save money which sucks

[@User-mncbjlfjrebxkl]

@@emanuelcarmona9930 meaning you are replaceable and if not soon then later.

[@Necromancer1776]

Too bad thats the future you can either cash in or sink

[@mambaASI]

@@emanuelcarmona9930 "anytime soon" is sooner than you think. The capabilities of openAI o1 is something 5 years ago no one could have confidently predicted was possible even with decades of AI development. AI capabilities 5-10 years from now? With how much money, talent, and other resources flooding this space to push this tech forward?

[@BKCC420]

This last week I heard about a Sr Director let go with a good severance package. This Sr Director person had an engineering degree from a reputed university and an MBA as well. A steady growth was this persons characteristic. And was a mentor to a bunch of people. Guess what, last week the person was gone…sorry for all caps.. IT DOESNT MATTER A BIT OF WHO YOU ARE AND THE DEGREE YOU HOLD, ALL THAT MATTERS IS THE COMPANY’s QUARTERLY PERFORMANCE. Focus on yourself and your health.. that’s your investment

[@84unisol]

No lies were told " Put yourself first If you won't they won't"

[@BKCC420]

@@84unisolabsolutely….spot on. Thank you for emphasizing that

[@tinoyb9294]

No, it's who you know.

[@miloatlantis2549]

I have always said that. Be careful when working for large companies with stockholders.

[@granttaylor4762]

wtf you expect the company is a welfare org….their profit is the most important factor period…grow up…

[@RobertNight1]

9:45 “we’ve always deeply cared about our employees” barf

[@mateusdavo]

But we stopped after AI

[@19Marksman79]

😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@bryanthompson12]

for the most part people to people care about each other. but a business saying the care about their employees is an oxymoron.

[@carefulconsumer8682]

"Dear Valued Employee.....You're fired!" Your Friend, CEO XYZ

[@mateusdavo]

@@carefulconsumer8682 that was a very perverse sentence

[@hamzahimran3447]

I am a computer science major at a university in Canada. There are no tech jobs for entry level devs. Trudeau's government is suppressing wages by importing talent, whilst Canadians cannot enter or thrive in the job market. There are very few tech internships available for us, and the ones that are there are quite competitive. I am scared to see where we as Canadians will end up thanks to Trudeau

[@esorkinc4011]

Agreed. Just propaganda.

[@seriejohnson698]

Ok. Nothing new. All greedy corporations are doing this in various countries.

[@eshamo2006]

Canada may end up like the USA where the greedy exec hire those H1-B Visa holders then those H1-B Visa holders will turn around and learn the business and they will start to GATEKEEP the native Canadians from getting those tech jobs. Google the Indian Tech Job Mafia and you'll see where lots of Americans are unable to find those tech jobs because they will ensure their family and friends get those jobs.

[@ssgg23]

Somewhat similar in the US. I decided to upskill to move into a specific industry niche, partially because I like the work better, but also so I don’t have to compete with all the H1B grads for the generic, exploitative software engineer roles lol

[@DerekDAngel]

Replacing human workers with AI just stagnates the economy even worse. That's less people earning and spending money which stimulates economic growth. If less Americans are working and spending money then it's just going to freeze the economy up. Corporations will be replacing workers with AI for no reason once they realize none of their consumers have money to buy their products anymore lol. Not a very bright marketing/advertising approach.

[@2290961]

very very true!

[@konigstiger3252]

Same stupid argument was made by worker during the 1st industrial revolution. Workers will find new jobs in new sector.

[@DerekDAngel]

@@konigstiger3252 yeah... the CRIME sector.

[@mellyna1715]

Yeap, as someone who used to buy lots of videogames and worked for the industry, now no longer even think about buying anything related to videogames

[@offensivearch]

@@konigstiger3252 In the industrial revolution you could conceivably switch from a lower to a higher (or at least equal) paying job (eg farmer to factory worker). I don't think that will happen here, they will either not be able to get a job or get a lower paying job. The industrial revolution required lots of labor, that isn't going to happen here as human labor will be replaced without equivalent human labor needs elsewhere to balance it.

[@robotduck77]

If you're in tech, you're being replaced by cheap overseas foreign workers. After pandemic companies realized, if workers can work remote full time, that mean they can replaced them with cheap labors overseas.

[@nimbuschan7342]

Out-sourcing started 15 years ago…not because of pandemic

[@Mukar]

@@nimbuschan7342 Pretty sure they're just saying that the pandemic made the issue worse...which it did.

[@bwofficial1776]

But then those of us who remain in the US have to fix those cheap overseas workers' buggy badly-written code.

[@ivyngo110]

I work at head hunting company for many year. Your statement is a false. From 2016 -2020 our company actually hired more than 10.000 engineers per year. Lately it’s been reducing alot now we barely reach 1000 engineers per year , and big companies stop hiring yall. The economy is so bad they are cutting cost and post ghost jobs to keep their stock looks good on paper. Be aware 😢

[@gregorriusadolphus2729]

@@bwofficial1776 THIS! My company is pulling back on overseas engineers and starting to hire American engineers because of this issue...the overseas engineers are causing more bugs than fixing them

[@fedbia2003]

Yeah. Canada accepting immigration while going through a massive housing shortage is a great idea.

[@mylesgray3470]

Same in Seattle. It’s frustrating that a basic 2 bedroom apartment is 3k a month and you need to make 9k to qualify. That’s six figures. 30 years ago one could afford an apartment on minimum wage.

[@jonathanandrew2909]

Canadian tech companies: Nortel, Research in Motion, Shopify. All of which used to be the largest companies by market cap on the TSX. That is until their growth story didn’t pan out.

[@BDee3126]

@@mylesgray3470 The housing shortage in the Canada makes the US look like a walk in the park since they have higher salaries and lower taxes. There are lots of canadian brain drain tech guys in Seattle for a reason.

[@BDee3126]

​@@mylesgray3470 The housing shortage in Canada makes the US look like a walk in the park. The US has higher salaries, lower taxes and overall better cost of living compared to Canada. There are lots of brain drain Canadians tech workers in Seattle for a reason.

[@BDee3126]

​@@mylesgray3470 The housing shortage in Canada makes the US look like a walk in the park. The US has higher salaries, lower taxes and overall better cost of living compared to Canada. There are lots of brain drained Canadian tech workers in Seattle for a reason.

[@jeffherdzina6716]

Sad things is that I had better job security as a Over the road truck driver, than in the I.T. industry. And the pay was almost as good. Getting laid off in June of 2024, and still searching, while my Unemployment benefits end next week. And I don't understand how someone with 17 years of I.T. experience, with the last 6 years as a Linux System Administrator, with the same company, cannot be a good fit for someone else. Seriously! Oh, and I'm not to impressed with Linkedin.

[@jorymil]

I've been a Linux sysadmin for 20+ years. I've also never had the same job title the entire time. It's very easy for skills to become irrelevant. I've worked with a fair number of folks who didn't bother to learn Python, learn Puppet/Ansible/Chef, learn Docker, or understand how netfilter worked. The market is very much better in some places than in others. SF/Boston/NYC/Chicago/Austin are really where there's decent mobility. Maybe LA or Seattle. In terms of remote work, where you live actually matters as well. Many companies don't have a business presence in say, Wyoming or West Virginia, so can't have remote workers there. I've actually written my congressperson to address this: it's unfair you're ineligible for remote work because of the state you live in.

[@reymar4657]

“LOVE YOUR JOB BUT DONT LOVE THE COMPANY BECAUSE YOU DONT KNOW WHEN THE COMPANY STOPS LOVING YOU “.

[@counterfeit_red]

Hint: Your company has never loved you.

[@DT-dg6ko]

Skipped through the video and read some of the comments. Saved so much time.

[@bluefinch6504]

Me too! I always do that.

[@herp_derpingson]

I skipped the video altogether. I only came for the comments.

[@ego_sum_liberi]

I’m reading comments and listening to the video at the same time

[@eg4933]

AND they lied about new jobs added by ~800k....this video is bogus.

[@enticingmay435]

@@eg4933 Yeah 800k jobs added….in India lol

[@MusicHarmonyAndBliss]

People are smart these days I love it 😎

[@Wud-usa]

Maybe 800k uber drivers added. That’s also count as jobs 😂

[@rexfast]

800K Ghost jobs

[@KingKangUSA]

even in India, so much competition, if you have an IT job now, shut your mouth and stay low for a while, there is no job in US.

[@swolltron]

Big tech: We want everyone to report back to the office....... So we can fire you .

[@bunnalong79]

Everyone is dispensible, never take your job for granted. Always have a plan B. Tech companies come and they go. Everything is a cycle in the economy.

[@BamaPatriot61]

I’m a 63 year old software developer and cloud engineer and was told that one person from my team would be laid off at the end of this month. When i started at this job five years ago, there were 11 of us. Now there’s 3. They said one would be gone this month and the other 2 will likely be laid off in March 2025. This all started with a change in executive leadership a few months ago. I’ve been laid off through no fault of my own five times since 2001. It really got much harder to find a new job after 50 so i can only imagine what I’ll face trying to find a job. Economy is in the toilet. My son is a project manager for a Home improvement company in a very wealthy area and he’s worried about his job because business has basically dried up.

[@antred11]

Why even include the "no fault of my own" part in your comment? Every single person that gets laid off will swear up and down that it was through "no fault of my own". It may well be true, but it doesn't add any information.

[@NeamaAbdo-ul9xi]

Their is many jobs in Gulf Countries for projects manager.

[@celinadavids5008]

What is so horrifying is the inhumanity behind these lay offs. These companies hire with immersive onboarding processes - welcome days, catered events, company merch, etc. But it only takes 1 nasty email and few minutes warning to let you go. Getting laid off impacts people emotionally, financially and mentally - they offer no support. It's how they're choosing to lay people off that really sucks👎

[@mirotick11]

Welcome to the real world. That's how it works for the past decades or throughout history.

[@TheUntitledSimmer]

Its so unfortunate

[@richardadams6988]

That's your responsibility, don't they teach that at Colleges !!!

[@JA-sv1gv]

Why don't we appreciate that they at least do it when we join?

[@rayl1977]

The business model is largely gaslighting - how else do the select few at top get to earn and keep 10000x more than their family of employees?

[@williamlyons3947]

in 1994 I had a lunch interview with Honeywell outside of DC. I assumed I would pay for my own lunch. It went smooth until he asks to be right back to use restroom and leaves in his car, leaving me with his lunch bill. I have boycotted Honeywell every since

[@disgrapefruit2bitter]

Without collective bargaining, no employee has any control over their career. Your pay can be cut, your vacation hours clawed back or your position made "redundant" at any time to make executives/private equity management a little more money.

[@dragonfly686868]

WELL SAID!!! Workers in the US, rather you’re blue / white collar, have NO RIGHTS. Nobody even complain anymore. No one dare.

[@123lowp]

yeah, but if you are a top performer, you can go from 0 to 180k/yr USD in only 40 months. You only need individual bargaining when you are great.

[@disgrapefruit2bitter]

@@123lowp I've known plenty of good sales guys who got laid off or fired. You can't retire on 180k a year for 4-5 years before you're scrambling for a new job. You can't really understand unless you've spent years in a corporate environment and worked with virtually every department like I have.

[@Karma66]

MAGA supports policies that only hurt workers and themselves. So stupid!

[@ISpitHotFiyaa]

As if no unionized employees have ever had their benefits cut or gotten laid off.

[@Inkling777]

Before you commit yourself to a particular career, ask yourself three questions: (1) Can this job be exported to a country where the wages are far lower. (2) Can this job be taken over by machines? (3) Can this job simply disappear because the work it requires is no longer needed?

[@phoenixrising4995]

You forgot a forth option. Can we import illegal labour and working them as slaves paying them under the table to run the AI.

[@jksarefunny]

I should've gone to nursing school

[@jfletch1925]

Not to say that you shouldn't ask these questions, but in the long-term what jobs can't be replaced by machines? Sales? Teaching?

[@campshortclip]

No job is safe...

[@DevinLauderdale]

Um, most jobs would be yes to at least one of those

[@jamesbuisf]

Laid off is an easy most convenient way for the executives , board members and investors to pocket, double, triple their income and profits.

[@Minimal444]

It is a business, if you get laid off, it means your services are not needed for a business to be more effective. It is none of your business if owners or investors will make more or less money, they owe you nothing.

[@gergarfritz3442]

@@Minimal444 Bootlicker.

[@doujinflip]

That's the ideal, but often there's at least unpaid overtime if not other benefits and compensations they conveniently forgot to make sure you were aware of on the way out.

[@liam3284]

It's the Al Dunlap con. Anyway, most of these tech firms finally figured out there is no more growth besides raising prices and cutting quality, so thats what they are doing.

[@stretchesforbeginners5485]

you talk like AI and appear to share a similar capacity for emotion

[@aeroeng22]

H1B visas---why assume that the US is getting 'the world's best talent'? I would argue that is an unsupported assumption; from personal experience the 'best talent' is going back to their home countries after getting advanced degrees in the US, because there are so many other opportunities in their home countries. No, I don't have an statistics to show that, just my own experience. In any case, just because they are getting H1B visas, doesn't mean we're getting the world's best.

[@ssgg23]

Yup. Especially in software. We are mostly getting the ones who just skirted by in their degrees, and they still get admitted to decent schools in the US because the American schools have no idea how to judge the school and grading criteria in the foreign country. There are a few exceptions in certain highly skilled roles and niche industries, but your average software engineer, no, they almost never compare to their American counterparts.

[@Impozalla]

The company I work for in silicon valley laid off 70 people in IT. They in term hired 100 people from India and China to fulfill those positions. Obviously they are getting paid less but it's just the nature of this business.

[@eman0828]

@@Impozalla 70 people is nothing though. I bet that was mostly help Desk roles since those roles can be done entirely remote. On-Site support is different as you can't off shore that to another country. You can how ever sout source to a local based managed service provider as a contractor. Other than that, there will always be a need of it staff for every business no matter big or small.

[@IThinkNowListenUp]

COVID made c level executive realize that remote work could be used to outsource further and h1b Visas would not be necessary.

[@velocirapture89]

And they will regret it. The jobs will be done poorly at best. There will be constant frustration over language and cultural barriers. The time zone difference will aggravate managers. I know how this goes. After the offshore team has f****d up enough, the managers will have had enough and they will hire a few locals to mop up the mess. Of course, by then, the tech debt is too much and the company will suffer for it. Go figure.

[@АллаМаклак]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly... Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@Benjamin-t9f5b]

It's frustrating when market inefficiencies persist, particularly with undervalued stocks. Consider consulting an advisor for smarter investing decisions.

[@CodieSanchez-d6x]

My financial advisor has been a game-changer, providing clarity and boosting my confidence in navigating finance. With their help, I've achieved my goals faster than I imagined. Highly recommend!

[@SiaukemLam]

Your advisor appears skilled. How can I contact them? I've recently sold property and aim to invest in stocks, seeking guidance.

[@CodieSanchez-d6x]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@SiaukemLam]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@rtothec1234]

34:22- Americans should understand since it’s not being reported honestly: There is no labour shortage in Canada. There is only expensive housing, high unemployment, and hiring of cheap for eign labour. People are lining up for a job at McDonalds. Both citizens and people from abroad.

[@ThatBearHasMoxie]

I was laid off in January 2024. What HR people don't think about is if every company lays of 1,000-12,000 people that means there's a tonne of people who fighting over one job opening. Companies wonder why there's no loyalty? Why when you are just a number to let go when things get tough. That's why!

[@bonbonjovi4836]

US Work History and Future outlook: 1. Only dad worked a full time job 2. Dad and mom work full time 3. Dad works 2 jobs and mom works full time 4. 20 years into the future: Both parents work 2 jobs 5. 50 year into the future: Both parents work 2 job and teenagers work full time to support their families instead of having spending money 6. 100 years into the future: People finally had enough and there will be a revolution causing a major change how the US economy works.

[@phoenixrising4995]

Canada is already at number 5 on your list! Number 6 coming soon.

[@peter65zzfdfh]

@@lulus704it’s due to taxes dropping over generations, that increases the number of houses the very wealthy can buy and what they’re willing and able to pay.

[@DAMIANJESUSPEREZSALVATIERRA]

There's no number 4, People are not having any kids, they will literally become neets, specially men

[@BDee3126]

Dude canada is miserable now. Its India 2.0. Stop coming over here for poverty wages that are 1/4th of the US but yet the cost of living is ten times higher.

[@Sidekick618]

Dude, what are you talking about? The G7 is fully onboard to open the floodgates for the Indian to replace the Chinese. No? Just look at how Boeing, Intel and Microsoft how they are doing?

[@ahmedzakikhan7639]

Cost of living is not 10 times higher. Rent of 1-bed room appartment in New York City or San Francisco is at least 4000 dollar month . Please show me a 1 bed appartment that costs 4000 dollar a month in Montreal or Toronto.

[@Scumala_lost_losers]

Higher cost of living is from abnormal population growth. All major cities across the globe are overpopulated. The goal is to replace the native with workers who will never rebel. Indians didn't rebel at home. Why would they rebel in the West? They are nothing more than loyal drones.

[@BDee3126]

@@Sidekick618 The South Asians Canada is importing compared to the US are totally completely different. You wouldn't know unless you live in Canada. Just look up "Brampton, Canada."

[@BDee3126]

@@ahmedzakikhan7639 Let's compare the average salary in New York and Toronto, and then Vancouver's and San Francisco's. You know that Canada has a huge brain drain problem because the US just simply has higher salaries, lower taxes and better cost of living compared to Canada's.

[@tripleeyeemoji]

As someone in their late 20s I’m afraid for the future. None of my older co-workers envy that I have at least another 35 years of work ahead of me.

[@Bryan-lg3fn]

You should have learned a real skill in the trades like mechanic , plumbing etc . Tech is garbage

[@elibarbq]

@@Bryan-lg3fn Says someone using a tech platform all day.

[@jonathanandrew2909]

Be afraid! Be very, very afraid!

[@and1play5]

@@Bryan-lg3fnthen why u on KZbin loser😊

[@creolenola]

@@Bryan-lg3fn In their late 20's it is not too late to retrain in something else.

[@w2385-i2s]

Shouldn't companies layoff H-1B visa holders first before U.S. citizens. The reason for H-1B visa is because of shortage of tech workers. But the real reason for H-1B visa is cheap labor.

[@abdullahmasud004]

CNBC, it would be much more efficient if you cut the dramatization and get right to the point. 1 hour is a lot of time.

[@TurdFergusen]

the dramatization is where they hide the lies

[@trappedcat3615]

Some of us have the time to waste.

[@TomNook.]

Tiktok generation in a nutshell

[@TurdFergusen]

its where the lies hide

[@johncharles2357]

spending time watching these videos is why people get laid off

[@TechyA-k9q]

As a 22 year old Software Engineer who just graduated from College last month, I can attest to how tough the job market is right now. I’ve applied to well over 100 jobs and have only had about 4 or 5 interviews. About 70 of them didn’t even bother to respond at all to my application. Unfortunately that’s the way the job market is right now, but it’s not permanent. Just keep applying 😃

[@whctjsdlfqhrlfprl]

Imagine you majored in liberal arts

[@Blades2147]

100 is rookie numbers unfortunately. You need to be sending out hundreds

[@TheMuclusla]

You aren’t a software engineer until you get a software engineering job. College has almost nothing to do with being a software engineer (maybe 4 classes you take in the entire degree are relevant assuming you did CS). The degree just shows you have the POTENTIAL to become a software engineer. Sympathy for the pain of finding a job though!

[@TechyA-k9q]

@@Blades2147 Working on it. Constantly sending out more. Still proves my point though that barely 4% of the applications you send out actually end up with interviews

[@TechyA-k9q]

@@TheMuclusla I’ve been programming since 2016 and performing personal projects. I have an app on the App Store and I’m currently developing a Windows app as a contractor. I think that makes me a Software Engineer 😉

[@rwdplz1]

"At a time when the US economy looks strong on paper?" It doesn't look strong at all. The only metric that LOOKS strong is stock market reaching all time highs, WHICH if you take into account current inflation levels, is actually WAY down.

[@stevenismart]

You have to remove the top few companies, and the stock market is declining. Idk if it's still super concentrated now, but that's what I saw a few months ago

[@SupportLocalHawaii]

The truth is about this story -- the "leaders" of the USA sent tons of our tech jobs overseas and tons of American businesses also went totally broke. Follow the money. The jobs left America and went somewhere else. Our high tech jobs are being gutted and this has been happening since the early 2000's. FACT. Where did all the jobs go -- to someone else's country where it was cheaper. Now we have horrible customer service, people on the support call who we can't even understand, and our country's infrastructure is in absolute free-fall.

[@cindylin266]

Not surprising. It’s just going through a correction. Too much hiring during Covid and high interest rates makes company less likely to invest. It’s just a business cycle.

[@yesimemoin0935]

they "overhired" to meet increasing demand. How much were you using Teams/Zoom in 2019 vs now? This is all about the interest rate and wanting to max out profits every quarter.

[@Noah_527]

Almost every company overhired during the last few 5 years which led to this bloat of the tech sector that was never going to last. What is amazing to me is that as much as the industry hired, only a small fraction has been let go, meaning it’s still a thriving industry for anyone who really wants a tech job. It attracted a lot of people who would never have gone into tech before but did mainly for the money. Those people are gone and will never return. The real talent and the veterans will stay long term and be fine.

[@denniszenanywhere]

"Too much hiring" was the greatest lie ever told. It was true in the beginning but not 2 or 3 years after the pandemic. It's just too irresistible for companies to layoff workers as it actually raises a company's stock price, which pleases their stakeholders. To say that it is just a business cycle does not see how corporate greed works. It may not return as robust as it once was. The possibilities of AI may give companies more excuse to hold off on hiring people or stay lean. The low unemployment rate being reported is also tricky; it's not including those who are not applying for jobs anymore -- preferring to do their own business or their own startup or working as content creators or moving out of the country as digital nomads.

[@rickhammond2473]

Started in the the 70's then accelerated in the 80' and 90's thousands of good paying manufacturing jobs gone forever.Once the e industry went don America went down now slave labor upon us.Now the college gravy jobs are going to the wayside. Amazon is a garbage company and pushes slave labor.VW to lay of 30,000 and eventually will be out of business

[@Erik_The_Viking]

Facts! Zero interest made hiring easy because no additional interest was needed to be paid. It was effectively free money.

[@SagarRana-cc3or]

The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance

[@wryckingbaul8612]

What the hell does this even mean?

[@kuebby]

@@wryckingbaul8612 It's some kind of insane conspiracy book, possibly AI written judging from the website. These bots push the craziest things.

[@gamezonereactions8388]

💩WEF ESG DEI BRIDGE WOKE LEFT 💩

[@jfox9126]

How does this comment have 900+ Likes?

[@Abby-ug4xc]

@@jfox9126 Bot army to like bot comments. Report it as spam

[@michaelkellagher3507]

Love the videos, don’t like these “marathons”. Address the question within 5 minutes

[@hitmewitdarock]

As a 4-Color Stripper back in the late 80's, I still remember when I saw my first Mac at work. It wasn't much at first but just a couple years later and advancements in desktop publishing, my highly skilled job was no longer required

[@Rocioslane]

I tried for a good year after being let go and have yet to land another opportunity. I ran through my savings and investments and now earn half as much working at the post office

[@warmsunnytoday4535]

I wish things get better for you.

[@ahmed51988]

You stitched three videos together and presented them as a documentary. We've got the same ideas reformulated over and over. The premise of the video is interesting, where did the tech workers go after being layed off, but the execution or the result is just so off.

[@lalakuma9]

The video was probably edited by AI

[@lxecutioner825]

Where are all the tech jobs going, I’ll tell you where, it’s India. Indians are filling all of the tech jobs in the US.

[@doujinflip]

Technical protocols don't have much space for humanist considerations, so of course the humans are ultimately considered fully replaceable.

[@Runescapian0wner]

The tech workers include non-software engineers. Tech companies still need talented software engineers, but they don't need other tech workers like analysts, project managers, etc...

[@prashanthb6521]

LOL, there are layoffs happening here too. Many premier collages are struggling in campus recruitment.

[@Inceptionxg]

So what will make people live happily without work?

[@jobturkey7418]

Stinky

[@NannieDibbert]

Crypto is risky as many would say but I think the actual risk in Crypto is not investing, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time

[@NathanStevens23]

I'm new to cryptocurrency and don't understand how it really works. how Can someone know the right approach to investing and making good profits from cryptocurrency investments?

[@MikaFuyu-r5d]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@NannieDibbert]

As a beginner investor, it’s essential for you to have a mentor to keep you accountable. Myself, I’m guided by Coach Alex. A widely known crypto consultant

[@RoxaneGaylord]

I started working with Coach Alex back in June, and my financial goals have never been clearer. It’s like having a strategic partner for my money with a solid track record.

[@NathanStevens23]

I'm a beginner please how can i reach out Coach Alex

[@williamhoward5100]

The US needs to train up its own workforce honestly. Time to bring all Americans to the table.

[@randomguy7175]

Open borders makes everyone American

[@peter65zzfdfh]

The US workforce is shrinking because the boomers are retiring, without immigration the economy will massively shrink and hit a recession or even depression. There simply were not enough babies born 20 years ago. Unemployment is still near record lows. There’s almost no one left to train and of those available many don’t have the aptitude for higher skilled jobs.

[@HeadStronger-HS]

350 million and no one to train, yah ok. 😂

[@ssgg23]

@@HeadStronger-HSright? There’s been tons of media coverage of the trend of millennial men just straight up not participating in the workforce. If the job market wasn’t so demoralizing due to the increased competition from shoddy H1B imports, we would probably see at least some of those folks return to the job market.

[@wilsonmanch6773]

Every ceo who decide to layout staff for investment or long term or cut cost should start with himself or herself and the highest management team. Everyone should at least half all their pay package before starting to fire people.

[@Shadow_Banned_Conservative]

There's a reason CEOs generally only stay a short time. A new CEO is only there to cut people and expenses and then leave with millions in incentive payments and bonuses.

[@jasoncomparetto]

yea... that's not really how this system works. even if this idea magically worked, would that also mean that everytime we think about hiring new people that we should double our pay package?

[@TheSnerggly]

Yes

[@wilsonmanch6773]

@@jasoncomparetto i know thats not how the system work. I simply stated the decency of the higher management before firing people. Why the business not performing? Why hired the wrong skilled employees? Why are they not performing after hiring? The real responsibility lies in these higher management team including the CEO. So simply, instead finding fault in others first, cut your own salary before firing. I would want to say fire yourself first, but obviously that cannot be done. so at least own your own faults first before slashing others. I do mean those companies who mass firing.

[@jasoncomparetto]

@@wilsonmanch6773 you're still not really understanding how basic laws of supply and demand work. try actually running a company and applying these principles

[@timberwolfe1645]

WHAT THE HELL!!!! RECYCLED VIDEO!!!!! First words clear as day "FIRST HALF of 2023!!!!!"

[@Maybemaybexyz]

They are running out of content lol. Bunch of soft majors mad tech workers were making 6 figs

[@MrManguy17]

For these long videos they compile multiple videos on the same subject, hence the "marathon" in the title

[@Jacosmi]

@@Maybemaybexyzthey weren’t real tech workers, they were non technical project managers and administrative positions

[@MiniKodjo]

They literally write Its a compilation of previously posted video. Are you stupid?

[@megaprimegamer1184]

This is a compilation

[@barneymiller4088]

As a tech consultant that sees a lot of tech organizations, there are a lot of barely qualified people in these companies. It is really obvious that 20% of the people are doing 80% of the work. If you retain these people and shed the rest, you retain your productivity without all the costs. At one company, they lost one key person and within two years, they lost 60% of their revenue. After 4 years they have 20% of their original revenue.

[@Surftrader123]

There are millions of American Citizens who need tech jobs too!

[@randomguy7175]

Just migrate, WFH is available

[@doujinflip]

You'd have to migrate overseas to make WFH jobs worth what they'll offer. Fully remote work means fully offshoreable work.

[@angolin9352]

@@doujinflip Spoken like someone who has never seen outsourced code. There's a reason why nothing works anymore, and it's Indian developers. Outsourced labor is cheap for a reason.

[@shakirriaz5054]

I didn’t read all the comments and I m sure some has mentioned the elephant in the room already. It’s called outsourcing to other countries. 😉 This is the biggest impact on tech jobs. AI is second in line. The greed of businesses and CEOs from the country where tech jobs are being outsourced is killing even the most talented workers. Amazingly media doesn’t talk about it. At least not enough

[@topgxpert]

Yes lies most the jobs going to cheaper labor oversees all companies I notice they now using Pakistani worker wtf

[@Marty_YouTuber]

Yes, outsourcing jobs to other countries can significantly contribute to job losses and layoffs, particularly in the manufacturing sector, as companies often move work to countries with lower labor costs, leading to workforce reductions in the originating country where jobs are outsourced from; this is a major concern for workers who may lose their positions due to this practice. Key points about outsourcing and job losses: Lower labor costs: The primary reason companies outsource is to access cheaper labor in other countries, which often results in layoffs for domestic workers performing similar tasks. Impact on specific industries: Manufacturing jobs are particularly vulnerable to outsourcing due to the ease of relocating production to countries with lower wages. Community impact: When large numbers of manufacturing jobs leave a region, it can have a devastating impact on local economies and communities. Debate on overall economic impact: While outsourcing can lead to job losses in certain sectors, some economists argue that it can also benefit the overall economy by creating new jobs in other areas and lowering costs for consumers.

[@valereehansen4378]

Kids today would be better off going into HVAC, electricity, accounting and tax.

[@alb12345672]

The last two can be outsourced easier than IT. It is also not really high paying. Unless you make partner in some firm, and sell your soul. No one wants to do it.

[@lisamari941]

Kids today are better off learning about free energy and alternative fuel sources. Since our current leaders are so drunk off their own greed and have no foresight whatsoever!

[@korenng5553]

Get a broad scope of education in early school 🎒 yrs

[@onewizzard]

OnlyFans, why be a bartender or a server and deal with handsy guys

[@thomaskim5008]

As US tax laws change a year to a year, it would not be easy to outsource the tax jobs

[@hummersd]

Notice how Apple did not overgrow staffing during the pandemic because they likely knew that trend would not last. They were able to avoid mass layoffs at the same levels as the other tech companies. They certainly had department eliminations like the rumored car, but definitely not in the 10k+ mass layoffs.

[@bnwo]

0% interest money had a good run.

[@Atlastheyote222]

The people doing the layoffs cant see further than 3 years into the future. The real impacts of these layoffs will become more obvious as systems become more unreliable, and issues become more prevalent and more difficult to diagnose and fix because you fired all the people who designed and built these systems before they could do a proper handover. Would you fire half of your mechanics, make no changes to their pay, but increase the number of cars coming into the workshop? Would you expect them to be happy? Would you expect the quality of the work to go up or down?

[@mirotick11]

Twitter laid-off 75% and the site works just fine.

[@wanyelandy8847]

System become unreliable? As long as the core developers are not cut, no much ado about nothing tasks from the PM and middle tier architect who has never programmed for 10 years. Unless there is huge mistake from Ops, most of the time, these services will be fine.

[@wefinishthisnow3883]

@@mirotick11 The site works fine, the business however...

[@mirotick11]

@@wefinishthisnow3883 what about the business? X didn’t lose their revenue from a poor product, but to boycott from GARM

[@reja1309]

You're correctly talking about another situation like Y2K and old programming codes. When things start breaking, will it just be annoying or will it have huge unexpected consequences?

[@Surftrader123]

There are millions of American Citizens who need tech jobs too! The h1b program is designed to augment the US workforce, NOT replace it!!

[@randomguy7175]

India matters now just like China mattered during cold war

[@goldfish3858]

They need to do away for it,

[@prashanthb6521]

Market forces dictate terms. If you dont grab talent then Canada will.

[@sn8597]

Great. Let Canada have them

[@IThinkNowListenUp]

That's the pitch that c level execs will give you. COVID remote work showing them that you don't need to be in office and lobbying in Washington the ease of h1b Visas will result in the decline of white collar, tech work similar to outsourced manufacturing in the 80s and 90s We need to decrease overall high earning household incomes so that home affordability across the nation comes back to to more reasonable levels. But we need to do so locally without allowing outsourcing

[@null-stress]

I'm curious whether it's just the technical layoffs that are particularly high, or whether there are a lot of layoffs overall and only the technical layoffs are being highlighted.

[@donmarek7001]

Why are there so many H1's in the US? Americans should come first on the jobs issues. This nonsense that there are not enough skilled people is BS by corporate America to keep wages low.

[@fenixcustomsoftware]

A lot of companies have branches in India. Originally, they hired them there and after 2 years they bring them to the USA. The pay is similar to that of a US citizen. I don't understand why these US companies are importing foreign labor with so many US developers looking for work.

[@123lowp]

You cannot replace a 200-300k software engineer with AI. AI generates code and someone that understands it will review it and update it before deploying.

[@yanaya713]

300k guy is safe, 80k guy is in trouble.

[@jonathanandrew2909]

You’re right. You’ll have to replace them with two AIs.

[@nerios.v]

300k guy is safe but the 150k guys that work for him arent.

[@dtb7872]

give it 3 more years

[@nerios.v]

@@TheKushSkywalker I have built 3 software companies and sold them, I currently work for the company that bought my last company (a Russell 2000 company). In this company (and I believe many in the industry) 80% of the engineers, basically do nothing, like, literally, maybe 1 or 2 contributions in months, I was on a team with 35 engineers, only 3 of us ( I was part of the leadership team that team was on), built the entire new product they are selling for their IVA, so over 80% of that team is basically useless, one of the things that allowed me to be so proficient is the use of LLMs, if you are good at explaining and understanding problems, and also understand how the LLMs work and where they fail and how to make them create what you need, the LLMs increased my productivity by 2 standard deviations (basically 97%), I make around 522k a year, maybe less because of vesting periods (254k salary, 60k bonus, 8k RSUs valued around 208k), and I can honestly tell you, we could fire 80% of that team and we would actually do better, save money and be more productive. This is similar to what happened to Twitter (except the LLM part), because of the Pareto distribution, this is a fact across almost all industries, but is a lot more obvious with the help of AI.

[@OHJojo-]

I've been working in a warehouse for 3 years and keep telling myself that I need to go back to school to get some skills to get a better job but I'm just scared that my time and resources are going to be wasted. I know that nothing is certain in life, but it's just crazy we dont even live in a true capitalist society, it's complete corporatism at this point especially after covid-- small businesses are being wiped out at alarming rates and we're all completely dependent on these markets that can just fling us away whenever they want. It's so discouraging.

[@djbobby224]

Only thing that will be safe will be lawyers, doctors, accountants, and some trades.

[@djbobby224]

@@andrescastanos6761 the automatic part of accounting is already done by calculators. Accountants can't be automated outside of that, but they can get outsourced.

[@robertcowher]

As long as you don't go into debt, investing in yourself is always the right call because no matter what happens around you, more skills are always a win. If a degree isn't in the cards, pick the thing you want to get better at and start taking courses. If the thing you want to do requires a degree(doctors, lawyers, etc.) then start taking formal classes slowly.

[@namaan123]

@@djbobby224 You just listed trades that are primed for replacement with AI...it won't be wholesale, first it'll be around the edges, the clerical mundane parts of the job, but it'll keep taking a larger and larger cut of responsibilities leaving no room for entry level jobs requiring on-the-job training, which will only further incentivize further encroachment.

[@alelectric2767]

Learn a trade

[@kinan6746]

I got laid off from my first dream job 20 years ago. A fantastic lesson. You can leave and they can let you go anytime. It is a job. It is a mutual agreement. Why would I stay at a place where I'm not wanted? Btw, either the company makes money or not, I got paid in full while I worked. Again. it's an agreement. Would I want a plumber to stay longer than necessary? No. Conflating an employer with some sort of a family member is not a healthy thing to do.

[@shekharrajput3379]

@@kinan6746 correct People should understand that it’s all business at the end.

[@MarkDanielLouwe]

I got a new job still as a software developer but I'm training myself for another career on the side, mechanical engineering/automotive mechanic. Just in case.

[@grandmasterb7398]

Smart. This is the way. Dont go all-in on a single industry. Once it gets fried, youre done. Diversify your skills. Luckily, degenerate trading saved me (lost my tech job 3 yrs ago and havent found nothing since).

[@jksarefunny]

I think I might just dust off my kinesiology books and get my personal trainer cert already. Data analytics has become an unbelievably saturated industry in the past decade

[@RK-ox2zp]

Same here. Dual trained in industrial automation but now industrial refrigeration. A science that’s been the same for over 100 years.

[@shekharrajput3379]

@@grandmasterb7398what are you doing now then?

[@shekharrajput3379]

What skills you are currently learning?

[@vandev-1313]

The AI implosion is gonna be glorious. It's too expensive to create and it's not delivering on initial promise. People genuinely don't want a glorified clippy on their computers.

[@alrivas1477]

HIRE AMERICANS !!! WTF layoffs though the roof and you want more foreign workers ???

[@tylerdurden8378]

Gotta keep those wages depressed.

[@randomguy7175]

Open borders make everyone American 😂

[@nlabanok]

You have no idea what you're talking about. Most Americans are too lazy or f'ed around too much in K-12 to go earn a STEM degree, and especially so at the graduate degree level. As an economy on net, we are running a multidecade shortage of workers with advanced STEM degrees. As an American, I earned an advanced degree in engineering 37 years ago, never once went unemployed, and easily switched to higher paying jobs 3 times. I also retired early. I'm so tired of hearing fellow Americans react with shock about highly skilled foreign workers who come here....I welcome them....they were ambitious and hard working enough to earn a STEM degree. We need more of them and fewer entitled, whiny, lazy Americans who took a pass on their own education and training and spend their entire adult lives whining about something they feel was taken from them. Lol, they're LOSERS, straight up.

[@anastasiaangelikova]

Foreign workers save companies more money.

[@churblefurbles]

an even bigger joke when their citation of Canada is a failed example, their tech sector is nonexistent.

[@ravib2303]

If you are looking for ajob...you may get a job. If you are in a Job then you may get fired....Its as simple as life.

[@bigninja27]

My company just laid off all the US based software engineers after having them train a bunch of Brazilian engineers

[@person35790]

They’ll be back in 2-3 years when it becomes impossible to put in any new features or a security risk they can’t accommodate pops up. Seems like every company does this at least once.

[@MAURICAINVICTA]

BARZ!

[@darkriku12]

​@@person35790 yep, most companies both in the 00s and 10s never retained their only-offshore departments, because cultural barriers and IP concerns always exist. Face culture is a big hindrance in finding out what went wrong, and in tech things will always go wrong.

[@iPhoneneto]

@@person35790 LMAO you really think the us sottware engineers are so much better? the reality is that this stuff ANYONE can do, i know university graduates software engineers that don't know what a register is, how the stack works or even what an interrupt is. the problem is that there is WAY too many useless positions that never needed to exist. The job that before 1 person can do, 2-3 people are doing for whatever reason they think it was needed but the reality is that its not.

[@MchlV-es7qf]

And nothing works right! I called Chase to report my credit card stolen and the programming on the phone was on an endless loop. No testing done? Who programmed those phones? It gets harder and harder to do anything. Nothing works. I miss the 90’s

[@juanlee337]

i know some that works in Meta. He said only about 15% of actual tech works were laid off and most of the layoff were part recruiting , HR, PM, and other non tech posistions

[@alb12345672]

Most of those positions bring no value. Our PM left and productivity went up. We don't need mom to read us JIRAs and waste an hour every morning.

[@seriejohnson698]

@@alb12345672Thank you. A host of wasted space with middle management.

[@dynamo3059]

​@@alb12345672bet mom gets paid more too

[@rallyjira3400]

Can’t agree more! I work for a big corporation on the tech side! Most of my coworkers are just headcount that contribute nothing to the department! Only 2% in our department are actually working! Those who came as part of the entourage are official slackers! They brought their culture and bad habits to our workplace! I can’t wait to see them getting laid off! It will be zero impact!

[@SneedSeeding]

Well yeah those are always the first to go because at the end of the day they're useless.

[@mellyna1715]

Hopefully AI takes the jobs of all those CEOs that bet for AI 🙌

[@anothername2730]

Bro if AI takes Satya and Zuckerberg and Jensen’s jobs….we are going to see the most insane decade and god bless you I guess

[@justicecrying]

Highly unlikely as those CEOs are decision makers.

[@anwaaribrahim4079]

more AI means more lays off meaning more unemployment, less affordability and ultimately less revenue from customers. this cycle will destroy their business as well.

[@anothername2730]

@@anwaaribrahim4079 you’re right, and that might as well be Webster’s definition of “recession”. That said, what if a handful of companies are gaining efficiency and or profits. No doubt our economy and even our class hierarchy will be reshaped, but there will be some winners in this race

[@mirotick11]

If AI can take the jobs of CEO, that means you likely won't have a job either. And I wonder what happens when the majority of the population does not work.

[@soultravel8742]

All these companies who layoff employees loose their jobs and the worst part is they just don't say we cannot keep you anymore they put the blame on employee performance which is the worst part. It makes it worse for the person losing job mentally to overcome the pain and the strength needed to look for a new job.

[@mmeeozzzaaa3421]

Especially if they then blame the employees for it on LinkedIn

[@RayLabs]

Quit calling it Layoff. They are being Fired. Dell has been firing thousands of employees a year for several years now.

[@drsuzuki6506]

Corporations are the scum of the earth.

[@randomguy7175]

Tell that to shareholders

[@bwofficial1776]

Everything you have is thanks to those corporations. You should be thanking them.

[@doujinflip]

​@@bwofficial1776Just like you can thank amphetamines to give you energy until you can't deny how it's ultimately destroying you.

[@dentatusdentatus1592]

Where are they going? To the unemployment office silly. 😏😏😏

[@johnchen0213]

you don't need to go to the unemployment office to get unemployment. It's all done online these day

[@JSRTales]

yes long lines before offices are horrifying

[@markwiegard8384]

50,000 of the H1B work VISA employed will go back to their country or origin.

[@thepolishedwook]

As if unemployment would even make up for 10% of a tech salary. You must be from the silent generation. You can't possibly be that out of touch any younger than that.

[@rabd3721]

We've had a record number of people starting their own businesses. It stands to reason many of these workers with HIGH value skills are easily starting their own SaaS companies and startups.

[@RAZR_Channel]

A 16 month severance… Is pretty damn generous…

[@theappqueen4438]

16 weeks but yes that's 2x the standard

[@GeorgeP-uj8xc]

The tiktok lady says she posted the video so that there can be a "change", as if people haven't been laid off since the beginning of civilization.

[@naomihasan8121]

Layoffs haven't always been this common. This shift happened when publicly traded companies and private equity became more common. The whole point is to have high stock prices or profit at the expense of workers.

[@peteypobbs8065]

@@naomihasan8121 100%. shocking people dont seem to get this

[@trellisandreahicks811]

@@naomihasan8121yup

[@Shadow_Banned_Conservative]

I think the only thing she's accomplished is made herself unhireable. No HR is ever going to want to deal with the prospect of being put on the public stage for firing or disciplining her.

[@jasoncomparetto]

@@Shadow_Banned_Conservative I would not hire her. she sounds difficult to work with. she also doesn't understand how basic systems work.

[@dattape2828]

Funny how this doc doesn’t talk about all the American citizens displaced by foreign workers.

[@DianaPrinceitiswhatitis]

No they don’t want to be labeled as racist that’s why and that it has nothing to do with race.

[@Marty_YouTuber]

@@DianaPrinceitiswhatitis What race? what if it was A bunch of white people coming to America Would that make White people feel better to be replaced by more white people who'll accept cheaper pay?

[@puppet-head]

This is only huge companies. Every single company has tech workers, my midsized company has 500 vacancies

[@notyourtypicalfarah7194]

Vacancies for tech support that pays 50k lol.

[@hamzahimran3447]

mind referring me😂 to

[@sonhouse7642]

While in college in the 1970's. I was walking down the street. A guy's car had stalled. My auto mechanics class lessons helped. I got his car running. He said " Son, do you want a good paying job?" Sir, yes, sir. I was hired, great pay. And then layoffs. Family obligated older workers panicked. I just moved back into the dorm. However: I never forgot the looks, of those workers. These companies aren't loyal. Thank God for Unions. And Im a union guy today.