Tech Industry job layoffs looking scary

JT-Money

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lib123

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Amazon hired like crazy during the pandemic but 30K is still about 10% of their corporate workforce. That is VERY sizeable

I Imagine the 30K employees were/are earning at least $200K all in. I predict we’ll soon start seeing a softening in consumer spending at the top end of the income ladder…

I wonder what was the age breakdown of the layoffs?
 

Apollo Creed

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It's only a matter of time before we see a Luigi inspired incident in tech instead of healthcare.

We will become like South Africa where much of utilities and public services become privatized. Look for a spike in Private Security replacing "cops" as local funding decreases due to lack of tax revenue.
 

JT-Money

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We will become like South Africa where much of utilities and public services become privatized. Look for a spike in Private Security replacing "cops" as local funding decreases due to lack of tax revenue.
The money can easily be collected via tax increases once Democrats regain power. If you don't have any tax sheltered investments your screwed because taxes are going up a lot.

Governments are likely to pillage the $80 trillion ‘Great Wealth Transfer’ to fund their national debt, says UBS​

 

thenatural

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What's the perception you've seen on gaps in unemployment? Personally, I've witnessed it depends on the company need and then person's explanation, but it seems like a quicker reason for elimination. I come from an electrical background with the majority of my time in aerospace, so it's not easy. I'm just wondering what other people are hearing, especially with the market being this tough.
 

Pazzy

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We will become like South Africa where much of utilities and public services become privatized. Look for a spike in Private Security replacing "cops" as local funding decreases due to lack of tax revenue.

You see it. Its not just a US thing. Its WORLDWIDE. ask yourself. Why is that?
 

JT-Money

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:mjlol:

Female spies are waging ‘sex warfare’ to steal Silicon Valley secrets​


China and Russia are sending attractive women to seduce tech workers — even marrying and having children with their targets. ‘It’s the Wild West out there,’ says insider
 

JT-Money

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Press Release: Senator Bernie Moreno's Outsourcing Bill Blocked by Senate Democrats​


Senator Bernie Moreno's bill, the Halting International Relocation of Employment Act (HIRE Act), aimed at reducing foreign outsourcing by imposing a tax on companies hiring foreign workers, was blocked by Senate Democrats. The proposed legislation sought to protect American jobs by discouraging companies from seeking cheaper labor abroad.
 

Pazzy

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:mjlol:

Female spies are waging ‘sex warfare’ to steal Silicon Valley secrets​


China and Russia are sending attractive women to seduce tech workers — even marrying and having children with their targets. ‘It’s the Wild West out there,’ says insider


Just like the days of old.. :wow:
 

Water

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Had my final round in early October and got feedback that I did great. It's been over a month and they keep drip feeding me updates about how I should have an answer soon. I'm already at the final round at 2 other spots but I really wanted that role since it's 100% remote and pays more..:mjcry:. oh well hope they figure shyt out soon
 

Apollo Creed

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Had my final round in early October and got feedback that I did great. It's been over a month and they keep drip feeding me updates about how I should have an answer soon. I'm already at the final round at 2 other spots but I really wanted that role since it's 100% remote and pays more..:mjcry:. oh well hope they figure shyt out soon
hope it works out breh. One thing I learned is when companies want you they dont waste time so could be a bunch of internal politics on approvals/process or they keeping you warm waiting on another choice to decide.
 
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