Tech Industry job layoffs looking scary

[JT-Money]

@JT-Money

https://www.sfgate.com/tech/article/bolt-reverses-workweek-unlimited-pto-20421595.php

I hate unlimited PTO. Would rather get paid for my unused vacation after quitting.

 

[Anerdyblackguy]

This is awful

 

[JT-Money]

 

[voiture]

If that's the case why are the big firms still asking for more H1Bs?

 

[#1 pick]

They finally got ya boy out the paint

They got rid of many of us last year. Still looking

 

[#1 pick]

Industries in general gonna be upside down. The customers of Big tech are running to big tech foe solutions on how to do the inevitable.

Main thing i can say is use the run way you have to get out of debt and just take life as it is lol

The thing with tech for many is it put us in golden handcuffs, where we lived a certain way and become beholden to it where it becomes hard to do anything else but now when there is no where to go thats where the dread comes in.

Depending on where someine is in life pivots are easier said than done.

I already anticipate a pay cut as im just gonna focus on outside of major tech since im already stampped and hopefully it gives an edge, just annoyed the remote field is in shambles but beggers cant be choosers. If i can find something flexible hybrid i wont complain. Taking vacation and will get to the grind when i return

For some of us, this is what we do better than anything else in terms of as an employee

 

[#1 pick]

The problem is, most tech solutions aren’t inherently stable.

The “move fast and break things” approach works fine for discovery, figuring out how something works is relatively easy. But stabilizing a process is a whole different challenge. When I stabilize a workflow, I have to account for everything that could go wrong and put preventative measures in place. That’s a lot harder than just exploring functionality.

A lot of AI prompts fall short here,they don’t account for stability or edge cases. Which just leads to the classic: garbage in, garbage out. Thus jeopardizes the field as a whole.

From what I’m seeing there’s a whole lot of bad best practices out there. There’s no way we automatically course correct, without a major reset first. Idk what the catalyst will be.

But I don’t doubt another crowd strike incident being on the horizon.

Facts!

 

[#1 pick]

As good as this sounds. This will be hell to prove you can or can't do it.

 

[Gritsngravy]

As good as this sounds. This will be hell to prove you can or can't do it.

One thing I kinda question is the re skilling, like people mention it but what does that even look like, what are people supposed to reskill towards

If ai is going to do what people say it’s going to do it don’t seem like the decision makers don’t got a plan for the avg citizen, it’s like they plan on this shyt being third world/Saudi Arabia status

 

[NZA]

If that's the case why are the big firms still asking for more H1Bs?

to pay less for labor???

 

[TRUEST]

It’s clear you shouldn’t be expecting the tech leaders to do right by the average citizen. Matter of fact you shouldn’t expect that from anyone. Get yours and get out. Tech is the perfect field to be in if you already have a stable private income. So anything you make in tech would be like a surplus.

 

[Serious]

@JT-Money @null

 

[null]

Still Hallucinates More Than a Third of the Time​

Why is a company whose products can't tell the truth valued at hundreds of billions of dollars?​

"But apparently it's different for OpenAI's hot new model. Using SimpleQA, the company's in-house factuality benchmarking tool, OpenAI admitted in its release announcement that its new large language model (LLM) GPT-4.5 hallucinates — which is AI parlance for confidently spewing fabrications and presenting them as fact — 37 percent of the time."

OpenAI Admits That Its New Model Still Hallucinates More Than a Third of the Time

If a partner made stuff up a third of the time, it would be a problem — but apparently, it's perfectly fine for OpenAI's new model.

futurism.com

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Maybe because orwellian language allows them to replace saying it is" wrong', or that it is "lying" with "hallucinations".

"Hallucinations" my ass

 

[Silkk]

Stupid ass chatgpt still can’t even count correctly. Was only a matter of time.

 

[IIVI]

This is awful

The part about satisfying shareholders is true. Many of those companies do not have the best reputation with investors right now.

For example, for the semiconductors space the absolute three best stocks to hold right now: TSM, NVIDIA and AMD are blasting off while Intel is getting absolutely annihilated. Intel’s newest CEO Lip-Bu Tan who was brought on last year has decided to stop doing fancy shyt the company has been doing the last few years and got rid of things such as their automotive division to focus on what their main direction was while leaning more into A.I.

I think a lot of these companies laying off are feeling the effects of bad leadership when they were being irresponsible with money from 2017-2021.

I know a few people working at companies whose stocks are surging and their jobs are fine. I don’t know anyone at NVIDIA, but I know they haven’t had a single lay-off the last few years. Not one.

Meta’s stock has been taking off, but they had that whole metaverse thing, so no doubt many of lay-offs were around that. It’ll be interesting to see what happens to Microsoft now that their main A.I talent got sniped by Meta.

Keeping in mind additionally the CEO’s, Board of Directors, etc. get paid in stock options so the shareholder price (relative to competition) makes sense. It’s definitely one of the main factors.