There’s a link
Tech Industry job layoffs looking scary
- Thread starter dtownreppin214
- Start date
Walmart H-1B scandal rumors claim VP got kickbacks, 1200 terminated; spark fears among Indians
Walmart visa scandal fears unfounded, company says firings not linked to H-1Bs
Even as Walmart said their recent firings had nothing to do with H-1B visas, US Senator Mike Lee wondered if it was time to ‘pause’ the program.
Walmart Fires VP for Taking Daily Kickbacks Starting from $30K
Walmart Fires VP for Taking Daily Kickbacks Starting from $30K
Walmart fired Global Tech VP for daily kickbacks up to $120K from contractors, terminating 1,200 workers overnight amid corruption crackdown.
www.ctol.digital
BENTONVILLE, Arkansas — Over a single weekend in August, 1,200 technology contractors found themselves locked out of their systems, their access badges deactivated, their projects suspended indefinitely. The mass termination wasn't the result of budget cuts or strategic pivots—it was the fallout from a corruption scheme that reached into the highest echelons of Walmart's Global Tech division.
The retail giant's abrupt severance of ties with Caspex-sourced contractors followed the firing of a Global Tech vice president who had been orchestrating an elaborate kickback operation. Daily payments starting from $30,000 flowed from contracting agencies seeking preferential treatment in Walmart's vast technology ecosystem, sources familiar with the investigation revealed.
Ethnic Vagina Finder
The Great Paper Chaser
it really depends on the industry you were in. And depending on the industry, the age can be younger. You will have to pivot into another field altogether.
I'm not seeing many older tech professionals surviving the last few years of layoffs. Every year my company forces out people over a certain age. Even people at the VP level are getting the boot. This new company efficiency push is just an excuse to lower salaries across the board.
Ethnic Vagina Finder
The Great Paper Chaser
If you've been at a tech company for over a decade with no exit strategy, that's a problem in itself.
People have been programmed to get a job, build a career and retire. Doesn't work that way. Hasn't worked that way in decades.
At the end of the day, there's too much passive income being made for companies to even want to invest in a stable workforce. In the 70's and 80's it was slower, but the tech industry makes it super easy.
I would say 20 yrs is what you want to put in to build
Your F you fund.
10 years aint shyt you just getting to Senior level yesrs 10-15 you build your case for principle and by yr 20 year you are principle or SLT (or on verge at best).
After yr 20 you should get to where work is just for benefits and not to touch your f you money but you dont live or die by being employed
Ethnic Vagina Finder
The Great Paper Chaser
A lot of companies know this so they wont let people get to 20 like they did in the past.
As for F you bread, a lot of people I know over the past 10-15 years don’t have it like that. They fukked their money away on bullshyt. Some people get used to that consistent direct deposit and take it for granted. Like it’s never going to run out.
Im not really saying staying in one spot 20 yrs, that's a thing of the past. If you can get a few 5 yr chunks of making good impact after your first 5 years of work then you are solid since if you work anywhere with RSUs they tend to be 4/5 year schedules anyways
I'm 49 years old and was laid off from my six-figure sales job. I now make $52,000 in an entry-level role where I work alongside college grads.
Sales engineer was laid off and took a big pay cut working an entry-level job
A former sales engineer was laid off from his six figure job. Now he works an entry-level job for $52,000 a year. The pay cut has left him struggling.
www.businessinsider.com
- Damon Duncan, a 49-year-old former sales engineer, took a drastic pay cut after he was laid off.
- Duncan's salary dropped from $148,000 to $52,000, impacting his family's lifestyle.
Family of Microsoft employee who died warn tech companies not to overwork workers
I have a coworker who works 12 sometimes 14 hours days. Not because she is delivering more but bc thats how much time it takes her to do average work. and even then it takes her 4 times as long to complete similar things i work on. On top of it she needs help for almost everything. her job title says "senior" too...Family of Microsoft employee who died warn tech companies not to overwork workers
@JT-Money just as I figured the golden age of cyber security will arrive shortly:
AI is way more vulnerable than I thought
I can't wait to demand more money after the next massive AI breach.
The amount of IT workers who croak before the age of 50 never gets talked about. Upper management doesn't even bat an eye after it happens. Most don't even send out an email acknowledging it.I have a coworker who works 12 sometimes 14 hours days. Not because she is delivering more but bc thats how much time it takes her to do average work. and even then it takes her 4 times as long to complete similar things i work on. On top of it she needs help for almost everything. her job title says "senior" too...
That's why I work as slow as possible and pretend I don't know shyt. People need to learn to work smarter not harder. Figure out a loophole where you can be more productive instead of putting in more hours.
