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#tech #layoffs #cybersecurity
Our company just went through some layoffs out of nowhere. Meanwhile the CEO gets a 7 figure bonus
With a lot of these companies the bad economy is just an excuse for what your CEO just did.
Yeah he had to fire all those people or how is he gonna get that money!
Same happend here 2 months ago. But my 2 collegues left on there own with me, because they laid me off. We working together in a new company and the old company called back , because they can't find the right people.
@@chaiBreuerdid you go back?
CEOs are the best! 😊
job postings !== real job opening
Ghost jobs… they’re just job postings without any intention to fill the positions.
Yeah, it would seem that the vast majority of job posts are for ghost jobs. It's easy for companies to post stuff in the hopes of getting a talent pool together in the event they do need to fill a position. So this might mean things are more dismal right now than this video wants to lead us to believe. Still I recently found a job regardless, but it wasn't easy.
Correct. For every 1 real job, there are 50 job postings for it.
@@BobKane-g6xAlso some postings are purely smokescreen for internal hiring
!= is the correct notation for boolean operators
Job postings is not the same as available jobs. Along with layoff companies are also doing hiring freezes, etc. One of the main things all this is being done for is cost cutting, which mostly means less current employees and no new ones. Job listings also don't just disappear even when companies know they aren't going to hire anyone.
I was fortunate enough to find a job on my first week by going to my city job fair. Meeting lots of people and asking for tech jobs. I found gig looking for lots of people to hire in cybersecurity. My group that day was small at the interview and not a lot of people came. The next one the company spent more money on advertising and hired 40 people. Last time was 100
What city and are they hiring ( me networking 😂😂😂)
im in florida@@ap1000482
When you think about how little we manufacture in the U.S. Most jobs are either skilled labor or tech. A.I. will take awhile to be able to replace skilled labor outside a factory setting. But A.I. will very quickly replace tech jobs. Even call centers in other countries will be replaced by A.I. A.I. is learning 24/7 all over the world and has been doing this for years. The self driving Robo taxi that Tesla has promised will even replace: Uber, Lift and regular Taxi driver jobs.
Mannnn.... i love 😂😂 being in charge. Humans are unpredictable
Tesla isn't making a self driving anything... Their tech is a total joke, and it's literally impossible that they can upgrade the old cars to become full self driving.
Literal blatant fraud.
Maybe I am wrong? I think its important to note that most of the statistics shown are only the numbers that are reported. Meaning that the real numbers could be higher realistically. The "Unemployment" statistic for example, is only based on people who claim unemployment in order to receive government assistance till they can get back on their feet. I know I've been unemployed and didn't file for unemployment, regardless the reason. Not that it really changes anything said here, just thought I would bring it up lol Thanks for the video bro!
Great video, as always. Thanks for uploading.
But for the record...I would play either Star Wars The Old Republic or Baldur's Gate 3 if I were able to work from home 😂
Tech employees that are in the creative space like programmers have a mostly limited usefulness. When there is less to do your not serving a value creating purpose to an employer. Thats the skill and the problem. Its a global fact, even in China.
I'm wondering if high interest rates is changing how companies view value in perspective employees and using a prolonged approach with lower compensation packages to gain a bit of an advantage in the current environment. It's funny how overspending really did manifest this situation...
Where is the booming eocnomy India promised us? Why aren't India Incs being held accountable? Offshoring and industrial theft is what is sinister.
We offshored a few of the old folks gigs this year. Didn't see any ROI. In fact wasting more time trying to explain what the requirement is.
It's easy to blame the folks, but there was someone high up in the company that chose to do this.
But the door to normal tech jobs is locked. And the only way out is through the...
Healthcare Department...
Landed my first T1 Helpdesk job getting paid $30/hour about a month and a half ago. Glad I got it when I did. 😅
Hey bro, what did you need to do to land the job? Like what qualifications did you need? Thx
@@Ayanotarget honestly homie, they’re main priority was customer service. was an automotive service advisor for 7 years prior, so had that bit in the bag. I didn’t have an cert (although I do have a AS in CS). My re. Is get your A+ and while you’re studying, apply to absolutely any job you can. Seriously, don’t be picky. At minimum, if the place is a shithole, you get reps in on your interviews.
@@ZoopyDooperson oh okay, i will try to apply to a job which I can gain experience from and get the certifications too, thanks for the advice. Also one last question, did u need to have for example, an associates degree or bachelors for the job u r doing? Cause I’m struggling a bit in college cause of some financial issues.
I need some guidance
How to decide between VAPT or SOC?
Yay!!! Fun times....best wishes and goodluck everyone
Hey Mad Hat! I just got my Sec+. I am undecided in where i should go in cyber still, im almost done with my bachelors in cyber, but im undecided between CySA+ and CCNA (since i could use the networking knowledge anywhere in tech). What is a logical next step?
Eventually I will move onto advanced certs such as CASP+ and BTL1 or eJPT, but i need the best possible edge for just getting my foot in the door for experience.
Depends on what you've learned in your bachelors I suppose. CySA+ isn't all that well known, so it's potentially skippable if you've learned the material already. CCNA is much more known, but also potentially material you've already covered in your program in which case the sooner you can take the test the more fresh that information will be in your mind. I had Cisco networking classes that at the time I really knew Cisco configuration commands that I've all but forgotten now. Also, depending on if you're going for a general security analyst role or a networking analyst role, the CCNA will have more or less weight. They're two certs that focus on different things so it's hard to say which one is more viable.
I suppose CySA+ is better if you're going to apply to general security analyst roles.
CCNA is better for networking based roles that utilize Cisco (they'd be the job listings asking for Cisco certs).
Obviously it's better to obtain both so your resume is well rounded but...😅 just my two cents!
There are also CCST Net and CCST Cyber, which are cheaper and easier than CCNA (allegedly). Something to consider.
I woul;d recommend not being so focused on the certification at this point and focus on getting your foot in the door somewhere first. Then you can really decide which path to go down and have you employer (hopefully) pay for it.
@PriscillaValdez-uj8nk I'm using certs to get my foot on the door. I'm a full time student with part time job already and need whatever I can get before I apply for entry level positions.
@@PriscillaValdez-uj8nk what about CCSK
AI can already do the job of a junior programmer so the better it gets the less likely there will be jobs in tech. They'll just need a couple people instead of a whole team
Okay, I didn't know it was complicated until you mentioned it. At the end I'm working towards being a concept artist for gaming and it just makes me nervous because everyone keeps saying AI will probably replace artists.
@@SunMoonNights yeah I've been researching the subject more and it's definitely going to replace like 80% of the jobs that we have now not just Tech and art. There's a really good TH-cam or that talks about this a lot. David Shapiro.
If you think about it, coding and programming is really time consuming and complicated. It really shouldn't be done by people. Ai can do a better job. But I kind of sucks that we're probably going to live in a world in the future like metal Gear solid or the Disney movie. Wally where AI just does everything for us and we just exist without any purpose. I mean it's good that we won't have to work in the future, but it kind of sucks if you always wanted to have a job to feel fulfilled . I got hobbies of course but I still want to be able to have a job as well I like.
But I think that's the end game for AI where nobody has to work and everybody can just do whatever they want. They will probably introduce UBI universal income. They've been talking about it for a while. They'll have to do something if 80% of the population doesn't have to work anymore. Companies have been like saying that they want to cut the work day to 4 hours a day and then cutting it down to three days a week as they need less and less people we might have to just work like one day a week. And eventually that will be phased out to nothing once they don't need people anymore.
@@SunMoonNights yeah, eventually physically labor jobs will be replaced once robotics gets good enough. And it would probably be considered unsafe for people to work when machines can do it for much cheaper and more safely. They'll take a while though. Robotics still kind of sucks right now. I hope you're right. I hope they figure out something for people to do because like I have like anxiety disorders. I just get really anxious when I have to like do nothing.
This was an amazingly put together video.
The jiggling at the end was funny
Bro is casually giving hope to everyone else while everyone is demotivating that AI will make you unemployed.
If u think Ai is going to make you unemployed you shouldn’t be working in tech😂
@@SD-wj9bv Says the guy who is still proposing to girls while knowing he is going to get rejected
Barrier of entry was too low for tech. Even stupid people can enter with just a bootstrapped certificate.
I'm sorry, the cyberseek numbers don't pass the sniff test. If they are to be believed there are only 60 percent of people that there are jobs. The market portrayed is not one where people have trouble finding jobs, but it's all over that people can't find work or even get phonecalls most of the time. Something stinks.
Might be interpreting what I showed in the video snippet from their site differently. What do you mean by "60 percent of people that there are jobs"? I think you're referring to the 1.1 mill total employed cyber workforce? Which was the total people hired from Sept. 22 to Aug 23, not the total cyber workforce.
I`m not worried about the state of market too much, if people have required skills and promote themselves properly - they will have a job
No more 9 to 5 and stupid CEOs. Learnt how to code 3 years ago and I run my company and making more than a Senior Developer😁
P.S I work 24/7
Whoa......that's too much but you dohave the potential to retire early....
Great video, as always )
hopefully it’s not just stock and firing non-compliance but also going through the process of logistical re-organization that’s so needed in these autistically minded liberal decentralized “democratic” environments of isolated hyperspecialized branches, both in and out of academia
Could also be a way to seed out resilience
Well the job protection for employees there called Unions, and unions were created policies by the democrats your aka left wings. The union was the first to layoff that is why there laying off a lot techs because majority of them have no experience the truth is there a program does all the work for so called big tech your not a tech at all. So you think by calling out union will work? Can't wait for you figure out that union, and HR has been laid off the only think helping are left wings your in a left wing city in Texas. Texas maybe Red state but there are 4 major blue cities that support the left wings. After all election is coming and the democrats are doing this to you! the same you supported for the union and HR to get you a job. Good luck! Enough said!
Citi let 20000 go
Looks like 20,000 over the next few years? 😶
"Tech layoffs" is just the buzzword for the programmer bubble bursting.
According industry statistics, 60% of job seekers in Cybersecurity are Entry Level. Corporations need highly experienced people with proven track records and actual hands on experience.
The real winners are the training companies who are raking in the dough...
Yeah this needs to be mentioned. There is a higher barrier to entry for cyber jobs bootcamps and certifications won't cut it anymore as there is a loss of confidence. So while jobs are there the people applying won't get them.
This. It's why i'm also doing a STEM degree on the side alongside having a home lab. The entire thing is fucking ridiculous but what can you do? @@oscarderby4825
@@oscarderby4825cyber requires experience. Certs mean nothing.
My job turned into the Hunger Games the lower ranks get laid off every 6 months. The higher paid employees got laid off and they re-hired lower paying candidates.
That just seems evil, tbh.
Quality content as usual ^^
I'm def going to reference this video in some content, in the future!
Thank you good sir! 💚 I'm trying to make helpful stuff and address fears in the industry as I see it.
Good analysis to help pull people back from the ledge, so thank you for that. 👍
I wonder, however, how many job listings are out there for which companies simply do not intend to fill. The anecdotal stories about the rate of "ghosting" or not even making contact are incredible. I acknowledge that this data is hard to get, difficult to measure or observe. As for myself, the one company for which I got an ATS score of 100/100 never even made contact. Out of about 100 applications with a nice, ATS compliant résumé, only two reached out. Thank got one offered, and here I sit.
Good luck everybody. Work on leveling up and presenting your best possible self.
_It can be done_
Who do you recommend to write a résumé? I’m aware of the ATS plug-in.
Our company just laid off a bunch of people, they over spent on an acquisition and over hired thinking the acquisition was going to cause a huge spike in demand which it didn't in the end. I definitely agree a lot of this relates back to over spending, not lesser need, across the board. Good luck, n' god speed
I’m in school for cyber security right now. I’m 38 years old. I sure hope this is a safe industry to get in because my current job in Oil & Gas is always up and down.
It's less about if Cybersecurity is safe and more about if the INDSUTRY you're working in is safe. Cybersecurity as a career is statistically growing and there's a constant need for mid-level/senior level roles in this space. What's important is picking the industries with less volatile layoffs (like we're seeing with all these private tech companies). If people want more stability, I recommend focusing on stable industries. These are usually stable because they are funded by the government, firing process is a lot, and not many people choose these industries because it's not going to be as big of a money bag as working for Facebook for example but it will still be high earning. Think of industries like healthcare (hospitals for example), education (school districts, colleges, etc.), government (local, state, and federal), military (defense contractors like Lockheed Martin, Boeing, etc.) are all industries that don't suffer massive layoffs like Big Tech companies. I'm not saying don't go for those fortune 500 companies like Microsoft, Google, Amazon, Netflix, etc. but people should also know there are other industries that need tech employees that aren't tech-focused industries.
Find something you really like about tech and start exploring it as a hobby. Pentesting is popular, AI is sexy and coding is still safe for now.
@@SpyJamz The healthcare industry is not necessarily layoff proof if you work for a software or service company in that industry, as companies now outsource their engineer work. Hospitals may be more stable, but there are hospitals planning to reduce their overall work force to reduce costs (IT and engineer included), much like Microsoft is trying to do. Anytime there is a merge or acquisition, there will be causalities unfortunately.
Hey man, I'm 40 and on my journey through a degree right now. Try to pick up SEC+ and do some siem work, and you'll be golden once you get your degree. If you want to try for the CISSP, try to get a job in one of the eight domains while in school to knock out some of the years requirement.
@@franklinmccullough85 I wish I could but unfortunately I have a full time job currently. It pays really well which is why I’m able to afford college to begin with. I’m in my first semester and will be taking my first midterm tonight 😭. I’m not sure I am ready.
How many of those "new" jobs are ghost jobs?
From what I have heard, it’s most of them right now.
The giant called Ai has not yet entered the room entirely
You only seen its foot so far wait till Ai is fully in the room
Making fun of the rest of us layed-off is not gonna be so funny when u r laid off
I didn't make fun 😮💨 I'm painfully afraid of layoffs. Also, ai has been around for a while, it's just getting more media attention now...
I don't see anywhere he made fun of people being laid off. 🙄
All those layoff techs could form their own company. But they lack social skills to run a team and no vision to contribute to society other than huur duuur I know what a decorator function looks like duuuur.
IMO, what happening is that CEO's and all the C suite wants to keep their salaries and bonuses but the easy money days are over now they cut workforce to continue get the money. Thats all fine until they realise that it does not work anymore. Right now is the best time for those laid off devs to start coding like crazy and build startups, the best time right now, the big tech is sleeping and has no idea where to go next. Thats the best time to innovate.
Ironic, building the tech put them out of a job. Specialists aren't needed, all the generalists built and ai-maintained everything.
Thanks for the awesome video. It started off scary, but ended reassuring.
I saw your initial comment and then edit, I'm glad to hear the end was reassuring 😅 Jobs are definitely down atm but overall the industry is growing. 💚
I'm 30 and just starting college for cybersecurity (with the gi bill) I have literally no tech skill besides building my own computer. Ill keep my fingers crossed and hope this works out lol.
I can tell you that finding a job to apply to is easy however but getting any kind of response other than an automated reply is very very hard
Its not the tech job security that puzzles me. Its how you do not have at least a million sub already.
Maybe one day 💚 Just trying to make useful/relatable videos for cyber and tech folk, while enjoying the process of what some youtubers refer to as "throwing things at the wall until something sticks" (to the youtube algo hehe).
"Tech" jobs are going to continue to grow. Salaries are going to have movement as well and for many people, that movement will go down. As far as how twitter runs today, it's a bit of a s-word show. Does it function, yes but in reality once you have software that works, you don't need as many developers to fix the bugs, especially if you don't care about adding features. You don't need moderators if you don't care about people seeing porn responses when they read a tweet about the weather. You also don't need expensive sales reps, sales support reps...if you don't want to monetize that way. Many companies could probably cut a lot of tech and tech adjacent staff but their product and perhaps bottom line would suffer.
You can't base much on the number of job listings as many companies post jobs even when they aren't hiring. Companies stand to benefit from ghost job postings.
Agreed, I would hope at least half aren't ghost postings but difficult to say. Cyberseek shows 1.1 mill "hired" in a year period, so it might be a better Stat to look at 🤔
@@madhatistaken Definitely hard to say how accurate the numbers are. Job listings and jobs created numbers are fabricated for various political agendas, unfortunately. It's better for a company to look as if they are "hiring" and it's better for politicians to brag about how many jobs are "created".
Youhave to discount those numbers for all the "ghost jobs".
Lol sounds like some people may have to work in some construction jobs.
How many good jobs? How long will said jobs last? Create your own.
Greedy companies claiming shortages and hardships and increasing prices and now trying to cut employees to claim more hardships to raise prices more.
New to the channel. I’m 22 just started my associates and am going to transfer to a 4 year when ready. I was going to ask for cybersecurity, all I see is you need 2+ years in this and 5+ in this for like every ENTRY level job. I am just scared that I’m going to work my butt of for this degree and it be useless. What are your thoughts on this because right now I’m like losing encouragement over this
I'm scared to even apply to jobs cause I feel like l'll just be laid off a month later if I got hired
Just do it and repeat. After a year you have worked 6 months.
Keep applying even if you are in a job already.
I don't think you can count those numbers I think there's something where they don't count people who have given up on looking so there might be more people that aren't listed on, yeah?
I recently graduated college., There's a lot of "Entry level" job posting in my area. The problem is they're all looking for years of experience.
Yup same here. Funny thing when i posted my new job on LinkedIn, i was getting encountered by ones that ignored me.
>> The cause for it is drop in VC funding. The drop of VC funding is caused by who?
Right, the fed interest rate. WHY? Investors rather keep their money in the account for 5% a year instead of investing it at risk into a startup to achieve the same or even loose all.
I know VC investors and angel investors personally and that's why I know it.
>> Means the layoffs keep going until the feds decide to drop the interest rate so much that it's not worth hogging the money but investing it again.
Thank you biden, please inflate and send more money around the world, so we can all live under a bridge
You just made me kick off an rhcp youtube cycle!
The rule of 80% of the work is done by 20% of the workforce holds true in my view. A large percentage of our department could not bother to show up or sit there and do nothing ( and some of them do, yes you know who you are) and nothing would change. We are honestly better off without them, i would rather they go home and watch homes under the hammer than get in the way.
Beware the prophets of doom
I don't think job listings equate actual job openings. Many of those are frozen. I think a good 50% of applications are just auto declined before a human ever sees it.
Must suk being a Nomad in Thailand, ouch!
I passed the CISSP a few days ago! I also find out if I get accepted to the SANS Technology institute in 3 days as well... I feel like you should do a video focused on GIAC certs and the GSE (not much content focused on that on YT).
a lot of tech companies removed all the useless cafe latte workers... those that don't really work but just drinks latte and talk around the office and creates drama etc. the influencer types noone needs
Is there any way to automate your daily soc log analysis investigation and incident responding and report tickets and alert task by coding a custom tool for it with help of AI or something like that?
AI is cheaper
There’s plenty jobs in IT hiring if you want it bad enough. Turned down two in the last 2 months, and I’m coming from a completely different industry. Think about what the employer you want, wants.
Grandpa Joe
A lot of these job postings might be fake to just collect CVs though.
Are rents dropping in the Bay Area? If they are, that means there is a huge drop in demand.
Trying to change careers into tech…. I keep seeing postings for entry level help desk gigs requiring 3-5 years of experience for $19/hr
That’s about half what I make as blue collar
Help desk roles will vary alot in pay for sure. Generally they're around 19/hr but often they can be remote which is a huge perk. My first "help desk" job I took my senior year of college was for 15/hr fully onsite (40 minute commute). I quit after 6 months to finish college. My second "help desk" job was for 23/hr and was fully remote. Not a whole lot higher than 19 but the work was literally resetting passwords from the comfort of my home office. There's typically multiple tiers of techs as well, so there's room for promos and pay bumps as well. Blue collar jobs can start at a decent pay but USUALLY have a lower pay cap and job security isn't as good. Just my two cents though.
@@madhatistaken yeah man I’m just trying to get my foot in the door and actually prefer on site, just seeing the 3 year experience requirement for “entry level “ is frustrating, that and I’ve got a kid and a mortgage, didn’t go to college and barely have time to study for certs with my current (and for the last 23 years) 70 hr work weeks … appreciate all your effort on this channel it’s been helpful for my goals
With your current pay situation, it might suit you better to study for the Trifecta, get them, build a home lab, and try to leap over Help Desk into Junior Network Admin. The "3-5 years" is tacked on to a lot of entry/level2 job postings to tamp down on volume of applications. "3-5 years" for Help Desk is unreasonable.
@@xCheddarB0b42x working on net+ now, just have very little free time lol
Help desk techs make about $60k at my small MSP. That’s for Tier 1…in the south….depends where you look.
I have a Master's Degree in IT; with a solid work history and haven't been able to find a single job since the last recession. I've had to change industries and I'm applying against over 900 people for single positions, and searching within a 90 minute commute. People frequently post jobs that don't exist.
Since 2008?
@@internetpointsbank 🤣
@@internetpointsbank yeah??? like this guy is looking for a job for 16 years and couldn't find any hella sus
I have no degree and got a network engineering role, I have experience working at the Apple Store. Your obviously doing something wrong
@@loyal1ty89 it is all about luck. I have a friend who got the job after 2 months of learning html, css. What certificates you hold?
Things are looking up, eh? Love the vids!
Yes! Just gotta constantly keep up with all the new tech 😅
2:44 I actually double taked. AYO SHHHH
I love the background!
I’ll just apply to be a sheriff.
u should look outside of the usa too
That would be so much data! 😅
@@madhatistaken
just look EU or east asian market
Omg… for fucks sake stop working for big tech companies and you truly won’t have this issue. I work in cyber as an analyst and I know this sounds wild but they not getting rid of me for a long time lmao
Thanks mad hat for putting everything in a clear perspective
💚
Let's go Brandon
The job openings are fake, people don’t take the roles down when filled and allot is just fluff where people post jobs they don’t need to fill hoping their team will just struggle to get done anyway
I'm just wondering about people in this IT. field that maybe they can create their own company if feasible for them.
Who would wanna work for these exploiters. I’m gonna learn a language and figure shit out myself
It seems only 1% is remaining man, the cool people kekw
I haven't watched the video only the thumbnail.
You beard hair is coming out your eye holes.
My eyes are coming out of my beard holes
Ghost jobs
A lot of coders have more than one job due to the over employment trend.
There’s some guys with funny letters in their names who are awful keen on hiring though…
outro is too loud compared to the rest of the video, you just jumpscared me.
A.I gonna destroy all office workers
ELON MUSK will be the last worker in twitter
Its all to make wall Street happy and drive up stock.
Went from learn to code to learn to panhandle.
Companies are outsourcing one by one
Great video, you have a great personality and seems very humble as well
Need to learn to be journos...
Mad Hat, if a site has a reverse proxy through cloudflare and whitelist the proxy and it only accepts request over port 80, is it completely safe?
I haven't found any security tool to be 100% safe. Our waf at my job for example has been found missing malicious bot scrapping our siem was detecting on. Never used cloudflare, so I don't know much of their configurations and offerings, but the ol adage "security in depth blah blah blah" still applies to that kind of setup.
@@madhatistaken It just seems like a "researcher" should just fuzz an application for hours to months on end until they hit something?
Well thank you for the reply i have been loving the content.
i was also laid off i do not know what to do anymore
I like your hat mate. 😀
Been waiting for this video for months. Thanks man
I find the lack of memes disturbing 😮
I am the meme...😅
Based video
I think when going in to cybersecurity as a newbie always starts with the fundamentals which is very important. I do repeat this. The CCNA is a great certification to get and it will open so many doors in different areas of IT