Tech Industry job layoffs looking scary

TRUEST

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I posted a video awhile back of someone making the comparison between a SWE and a Medical doctor. At the end of the day, they’re both life-long learning careers. If you want to be a thorough, knowledgeable SWE, then like a Medical Doctor you’re going to have to read some intensive technical books on whatever you’re trying to learn and that knowledge keeps updating as well.

This isn’t really the industry to stop learning once you make it. The more knowledge you build the more valuable and flexible you are as a professional. At the end of the day, these CEO’s want the bleeding edge and some kind of moat to push their company to the top and keep a competitive advantage.

Even many traditional engineering roles from Civil to Electrical don’t expect the same knowledge growth over a career. I know some people working in those fields for about 20 years who haven’t stepped outside much of what they learned in college. In comparison, a SWE would be basically a pass if all they knew was the MEAN stack (unless at a very deep level) after 10 years. You’d have to find a very specific job at that point.
Totally agree.

One thing I’ll say though, is that; there is a common phrase that says: a jack of all trades, but a master of none. Meaning, there are too many situations that exposes engineers who can talk a good game but can’t apply that knowledge to anything useful. They know how a particular technology works but, that’s it.

And, to be frank, a mandate that requires constant education is one designed specifically to keep you working. chasing that carrot. Your competition will be freshly graduate brilliant kids. Bad setup for you.

Nevertheless, education does become quite beneficial when you’re choosing to do it based on a private need (ie your own business), not because your livelihood depends on it. A year or so ago, I saw a mark Cuban interview where the interviewer was straight up baffled when Cuban told him he was learning python.
 

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South Africa’s Outsourcing Boom Becomes a New ‘Gold Rush’ for Jobs and Investment​



JPMorgan’s new plan to cut junior bankers & shift jobs to India. The long haired hippy running a $20bn trading firm​

 

Human Torch

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Rumor is big layoffs at Amazon on 10/28.

Been bubbling on Blind for a couple weeks but the leaks are getting more substantial and detailed as the date gets closer
 

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South Africa’s Outsourcing Boom Becomes a New ‘Gold Rush’ for Jobs and Investment​



JPMorgan’s new plan to cut junior bankers & shift jobs to India. The long haired hippy running a $20bn trading firm​


Capitalism running on fumes
 

Apollo Creed

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Rumor is big layoffs at Amazon on 10/28.

Been bubbling on Blind for a couple weeks but the leaks are getting more substantial and detailed as the date gets closer

Yeah been seeing same, lol had an interview with them frw weeks back where i was way more qualified than the person interviewing me and got a rejection lol
 

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Capitalism running on fumes
They moving headcount around trying to make the numbers look good to boost the stock. And upper management can snag a bigger bonus because the street loves layoffs.

They'll keep cutting until the org barely functions and they can't dismiss the dysfunction. All these contractors and outsourcing firms are a joke. I don't think most of them do any real work but management will lie and claim they do.

-1x-1.webp
 

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Like many people thought, it was entry roles the ones being affected. Senior roles haven’t had much change.

It was like STEM and Engineering roles before the Tech boom. Less than half of the people with a STEM degree were working in STEM during the early 2000’s.

This is basically what the equilibrium point looks like for advanced office jobs and high knowledge work. Gets a gold rush, then settles.

Medicine is pretty much the only thing that is different and constantly has high employment at all times.
 
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Apollo Creed

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Like many people thought, it was entry roles the ones being affected. Senior roles haven’t had much change.

It was like STEM and Engineering roles before the Tech boom.

This basically what the equilibrium point looks like for advanced office jobs and high knowledge work.

Medicine is pretty much the only thing that is different and constantly has high employment at all times.


Sr roles are seeing salaries drop due to increase competition while Jr roles just don't exist
 

threattonature

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Like many people thought, it was entry roles the ones being affected. Senior roles haven’t had much change.

It was like STEM and Engineering roles before the Tech boom. Less than half of the people with a STEM degree were working in STEM during the early 2000’s.

This is basically what the equilibrium point looks like for advanced office jobs and high knowledge work. Gets a gold rush, then settles.

Medicine is pretty much the only thing that is different and constantly has high employment at all times.

It makes sense to me. Just using my company as an example, our junior level roles are mainly in our implementation, support and QA teams. More and more over time they started dumbing down the positions to where instead of truly learning the product they just have cheat sheets for handle to handle most situations and if none apply then they pass it up to the level 2 or higher people. That's the type of situation that can be easily replaced with AI. The problem being that if those level 2 and higher people leave then there is no one to replace them.
 

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