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Seriously, many didn't notice this 2 to 3 decades earlier? Mass Automation began few decades earlier starting in Western nations that Went Worldwide where Automation began 1000s of years earlier including with Waterwheel technology that was used in Agriculture, Metallurgy 2000 years ago in Europe, Asia, etc. Entrepreneurship is what's needed More than Labour Worldwide in 21st Century where AI is Just 1 of the 100 Disruptive Mass Automated Tech where the Periodic Table for the 100 Disruptive Tech of 21st Century was put up in 2018 (They are all Mass Automated Tech where AI is only 1 of them out of 100). Entrepreneurship needs lots more skills, education, etc within integrated areas of Humanities, Arts, Social Sciences, Natural Sciences and Formal Sciences
The tech companies became un ethical at a large scale. There technology is being used to harm society and companies like Meta, Google and Microsoft all know this and yet they still do it! They hired physiologist to exploit human behavior and will get someone on an H1B Visa to write code to imprison us all and have the audacity to spin it as the next generation of AI. Everyone has collectively lost their minds when data shows heavy use of tech is leading to more depression, self harm and people physically unable live and put down there cellphones. This has real world affects on parents neglecting there kids and algorithms pushing people to more and more extremes politically. While the search engines have been filtering the news people see for years adjusting search results individually. Chamath Palihapitiya, Antonio Garcia Martinez and Sean Parker all on public record says companies like Meta are harming society and now the world because of their reach! I don't want to work for these companies because I think they are dangerous but people are so blind to criticisms of any big tech companies including Governments, media and individuals because they heavily depend on their services to function. Were at a point these tech companies ever going to be accountable? They becoming shadow Governments that can influence elections for their own personal interest. That is why I don't want to work for them! They are absolutely now doing real world harm to innocent people and people are too blind to what's happening because they cant see the bigger picture!
When I started in tech over a decade ago, it was so obvious from the beginning that these companies wanted you to be part of their cult and if you pushed back even a tiny bit, they kicked you out without warning. As a senior engineer now, I’ve always told folks, NEVER EVER trust or put faith in a company or business that you don’t own, the coffee maker will always outlast you.
A cult is a harsh but accurate term. These companies repeat so many slogans that they don't abide by like "strive to be earth's best employer" but then they lay people off without any severance. Working at companies like that, it's hard not to be jaded because they rarely act according to their own alleged principles.
I agree people need to start taking a more mature approach to work, be more business minded. You are supplying your time in exchange for money. A lot of people are speaking about their ex companies as if it were a first love. all companies have a number one objective to make money for their shareholders. Once you keep that it mind it becomes easier to ride these waves.
Personal goals and interests were only obtainable in the post economic collapse of 2008 through having an actual career (a secure guaranteed employment having worked over 5 years in the same company) to pay for the high prices of vacations and having a home or a car. No job...then no dream or goal or interests!
And that’s an issue to these corporations that say “we’re a family” stuff. They expect you to give 80% of your week and 80% of your life to THEIR business and THEIR dream. No. I have a life and personal goals too, and a 9-5 (80% of my week) devoted to someone else’s dream, won’t work for me.
Some of the great advices I received a long time ago when I was a novice in the corporate world. 1) Nothing is forever, including your job. 2) Your superiors are not your friends. 3) Everyone is replaceable. 4) Organizations exist for their own benefits, not for employees. 5) Have a minimum of 6 months' worth of living saved as a rainy day fund. Therefore, if you get fired tomorrow, you will not go mad.
Soft Engineer here. People do not realize they have all these amenities to keep you at work longer. They serve dinner there, have wifi on the way to work. Why do you think the turnover rate after a year is so high. I would rather go home to my wife and kids and have a normal work schedule for less pay to live my life.
Jimmy: "Hello... what is this meeting for?" HR: "Hello Jimmy! As you probably know, our company revenue has suffered this year by 5% going from 100 billion to merely 95 billion in net revenue... so we are basically trying to 'trim the fat' as the saying goes" 😊 Jimmy: "But but I have been working overtime without extra pay and I am never late or call sick and and..." HR: "We are aware of your amazing service to our company!" 😊 "But on a completely unrelated topic here is a CCTV footage of you playing the playstation 5 minute before lunch time!" 😊 "EXPLAIN YOURSELF!"
The Silicon Valley norm is a 60 hour work week, but some, like any Musk owned company, expect 80 hours from you and your 40 hour salary. Decades ago the government would have stepped in and done something to reduce the wage theft that is so rampant these days, but 5 decades of deregulation and the movement of both parties to the right have made it practically legal to steal from the employees. The total value of street crime, the stuff we see on the nightly news, amount to about $20B/year and that accounts for every robbery, holdup, car jacking, home invasion, and petty bank robberies. In contrast, wage theft alone amounts to about $50B/year or about 2.5 times the entire street crime problem. There is a difference: street criminals wind up in prison, some 1.2M of them, whereas the theft and criminal activities of the wealthy and corporations result in only a handful in prison. It should be mentioned that the $50B wage theft figure does NOT include the wage theft that involves demanding the workers work more hours than the 40 they contracted for -- if you added that in you're looking at well north of $100B/year in wage theft. Someone like Donald Trump, if they were an average criminal, would have been in prison decades ago for doing what Trump has done all his life; meanwhile, Trump's million dollar legal team is pulling every lever they have to avoid Trump being sentenced to anything.
Thatll never happen until mating opportunities are equal. As long as you have to compete for a chance at partners for mating or pleasure, there will be competition, heiarchies, capitalism, feudalism, dictators, facist, competitions, consumerism etc
Loyalty to companies has never been a good investment. Go back in history, and you'll see how employees keep failing for the same scam for decades. The rhetoric is always the same: "X yrs being loyal to this company, and they didn't even think twice when they laid me off." Stop being shy or fearful about asking for more money or benefits when they need you; bc when they don't, you'll be gone.
Tech industry never had loyalty but instead people had golden handcuffs which incentive staying a few years. If you look at the turnover its usually ~2 years then tech workers jump to another company.
I mean it depends…in most European countries you can’t get fired. So once you commit to a cooperate it can pay off as they can’t get let you go unless you want to leave by your own choice
@@rinmartell2678I bet that makes for terrible employees. Just like in Russia where you were assigned to a position. People would do the bare minimum and even show up drunk and they couldn’t get fired 😂 😂. That ended up horribly. The economy sunk because they had no competition. Not between employees and not between companies. You had to be on a waiting list for over 10 years to get a car . It wasn’t a fancy car. It was the common man’s car and there was only one kind of common man’s car 😂. 10 years because everyone was lazy. They got their measly wage whether they worked or not.
I work for government and we stayed working thru the pandemic. And now, it’s crazy to see that new graduates want stability more than money. Good for them.
Same here, I work in GovTech as a Dev/QA engineer in DevOps. So far I still have my job and Gov jobs are known for stability. Though I don't make as much as what the tech giants give, I still have a great job with a great salary.
Grateful for my position in county government. It’s not a glamorous job by any means but it’s recession proof/lay off proof, and the benefits are great. Not to mention, the pension.
So when are you opening your company and putting people first? What happens when you make a loss in your business? I assume you will take on debt to run payroll?
Dream jobs still exist. I'm not in tech but I landed my dream job with my dream company in the aerospace industry. I've only been here for a month, and I can see myself here until retirement. Culture is very relaxed, great work life balance, pension on top of 401k! 3 weeks vacation with 40 hours absence with permission, 30 DAYS SICK TIME! $25k tuition fee assistance and so much more! Finally made it!
@@kestralz1 SpaceX. Jk jk 😂 I once was applying to SpaceX but read that workers were working a minimum of 60 hours/week. I’m sorry but there’s more to life than just work.
@@jitlv You're working on government/DOD/DCSA time. That's why you're so relaxed. Every time, the government stonewalls your efforts to push a project forward, due to some regulation, I bet you breathe a sigh of relief as that means an extra month added to your deadline.
The honey moon period is over and these tech companies now simply go back to being like any other companies which prioritize shareholders' values over anything else
Lmao, whjat every president does to pad their "employment numbers" when they have to get re-elected, they use every fast food resturant like part time Mcdonald as their "How many jobs were created". Fools don't realize that Mcdonald over hires on purposly so they can boast how many employee they have.
Many of the disappearing software engineering jobs are in RnD divisions, but most of these companies are pivoting away from RnD towards guaranteed profits.
What is worse is that a lot of the jobs are part-time with a Monday-to-Friday schedule. So you are basically a full time employee but you aren't paid a full amount, you don't get benefits working part-time, and it's hard to get a second job when you have your whole week taken up by this part-time job
The workplace food, perks and amenities is all smoke and mirrors to keep you on their campus for as long as possible to extract every once of productivity you have to give and ensure you don't have a life outside of work.
Some people come in for breakfast and lunch then leave. The system can be gamed the same you claim it tries to game you. Also everyone knows that's why the company does it, the company isn't secretive about it, it makes sense. At least they offer an incentive, unlike many other employers who don't pay half as much and expect to stay late when you have to.
The other thing now is remote work. Now they can find talent anywhere…meaning abroad. Why pay Western wages for equally talented folks elsewhere that are cheaper. My sister in law worked for Oracle and was tasked with finding foreign talent, no visa needed just good internet.
It's a trade-off, not smoke and mirrors. You choose whether you want to stay late. None of the coworkers on my team choose to do so, but if someone wants to, isn't it a good thing that they also get free food?
@@whiteberry8785 I haven't heard messaging like that. They just offer these benefits, with the same messaging as any other benefit, like vacation leave. They say, "there's a fully-stocked kitchen on every floor" not "there's a fully-stocked kitchen on every floor because we're benevolent".
Samething happened with tech in the 90s. My dad worked at HP, they had a lot of amenities, baseball fields etc. They did a big 'picnic' every summer where they rented out amusement parks, then the layoffs started and they sold off the campus. I was always jealous hearing about Facebook and Google and how they offered so much free stuff like free food etc., and now that bubble is burting too
I remember when I was in high school the teachers would say if you got into one of these companies you would have job security. Now it looks like that’s non existent and they can replace you with the same ease minimum wage workers can be replaced.
Greed has been around since the beginning of mankind so it seems that there is more to the story than just greed, such as the debt based monetary system that helped to allow this mess to happen in the first place.
The concept that the only real reason a corporation exists is to deliver maximum value to the shareholders, is what killed the American dream. Capitalism is fundamentally incompatible with human dignity and a decent life
Less dream, more delusion. It's just a job at yet another company/corporation. They will only keep you for as long as they think they need you or until you cost more than what you're worth to them. Welcome to the reality of everyone else.
Unemployment should be at its highest point by now. This is the result of Millennials not wanting to keep the more senior employees hired in the workplace but putting in the young 20 to 50 year olds instead. The largest age group now being shoved out the door of many businesses are the Baby Boomers of the 1950s and 1960s. Not even offered a retirement package...just terminated for 'just cause' so the worker cannot claim Unemployment Insurance Benefits.
@JensSchraeder oh yes. Am a nurse, my ex husband swore to make me loose my license and he tried. I told him if anything ever happened I would just train in hvac. It's 4 months and am sure after 1 year of working I could be making $40/hr then have my own company subsequently.
Business owner in aluminum manufacturing here. Even your long term clients will dump you off for a penny. But...but, we always provided great service.....yeah, but we found a cheaper vendor....bye! Here today , gone tomorrow....never forget and build that into your resiliency.
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Also, remote work is more desirable. These large companies don't let you do remote work.
The reason return-to-office is so important is that it increases meeting engagement so managers can make sure that employees are paying attention. It also facilitates having more meetings (aka collaboration) /sarc.
Remote work is tricky, because these big tech companies can hire foreign workers for cheap and not have to pay American workers a livable wage. So because careful with demanding remote work.
Got laid off from my first tech in September after 9 months, couldn't get a job despite being qualified and getting good interviews...now I just work at Costco full time for the stability and good enough benefits. Pay is crap but no layoffs here haha
@@freespiritable honestly I have no idea what business that I could open in tech. I left academia to jump into the private sector, thinking they had lots of good paying jobs
I agree. I work in tech in Europe. Whenever I get a call from a recruiter from US tech company I’m getting anxious because the contract means nothing and I can be laid off at any moment without any prior notice. You just get to office and this is it: you no longer work there. Another problem with tech jobs is that it takes couple of months to get one. So the industry is very volatile. I’m not surprised folks seek more stable government jobs, because extra pay at tech giants only helps you to make through unemployment, you can’t really enjoy it.
I never saw working for any of those companies as ‘dream’ jobs. When your livelihood depends on your company inflating its share price, you are eminently expendable.
I turned down job offer from Meta recently. Because they didn’t even allow me to do hybrid. I live a little far away from the office. It’s not worthed.
@@calicobizz8056 venture capital and Wall Street are not the same thing. The VCs that funded Google and the other major Tech companies have seen higher returns than almost any investments in human history. The VCs were plenty happy. Wall Street is more concerned with the stock performance of establish companies, wanting returns at predictable quarterly intervals. And when tech companies forgot they were tech companies and instead made their primary focus appeasing Wall Street, that’s when things took a sharp turn for the worse.
All the while, these companies are seeing higher stocks and profitable quarters. All the work their employees put in to help the company grow only to get laid off after. I’ve been in tech for over seven years and have lost the desire to go back. Now, I work three part time jobs in an industry I love and am starting two new businesses this year.
This is most jobs in the US, not just the tech industry. Most companies will let go employees for nothing or to shrink down to stay lean. They will grow larger than needed, then make cuts where they can while maintaining operations. Thats a vast majority of jobs, not just the tech Industry.
while that's true, currently, the tech industry isn't cutting jobs to stay lean. For example, Elon just asked for a $50 billion bonus the day after the latest Tesla layoff. Microsoft laid off half of Blizzard gaming after spending billions to acquire them. This is about tech leadership doing layoffs to chase their pet projects and just because the shareholders have been rewarding their bonuses for it
wrong. it's definitely much more amplified in the tech industry. it's a cut throat and volatile industry. It's feast of famine there. Stability is a joke.
@@LadyF71 The issue is that many of these companies aren't really aiming for profit, so much as they're aiming for constant "growth". There's nothing stopping these companies from being content with a modest profit and staying in their lanes, but over the decades, "modest" stopped being enough. Everything has to be about making more money, controlling more of the market share, increasing a company's stock value; and doing whatever they legally (and sometimes even illegally) can to do accomplish that.
You have to realize, that many people when given a choice between saving money or being loyal, they will save money. Imagine your trying to buy a car and the salesperson says, "Please buy my car, I've been doing this for 20 years and have always worked hard." That should have little bearing on whether your going to buy some overpriced car. While loyalty can be important, economics is also very important.
@@Jimraynor45 if a salesperson was to give me that pitch it's not going to work on me. As for saving money yes its very important but even with saving a person fund will dry out if layed off or not enough income loyal is important but will they in return the loyalty to you ..
What did they expect? It's not their company. They're just employees performing a job function. The employer can end the relationship whenever and so can the employee.
A wise man once said, "I had rather be first in a village than second at Rome." Not getting asked to interview with Google after I graduated college was the best thing to happen to my career; I'm now the lead engineer for a product supporting green power generation and isotope production. I don't have to worry about retirement and I can see my impact pushing society forwards; not just powering modern civilization, but improving health care, food safety, and fighting climate change at the same time. To aspiring engineers: real jobs are out there, plenty of places desperately need competent software engineers to do a whole lot more than spam people with ads.
@@AkuNoHana Bashing this guy for turning a setback into an opportunity. This is real life folks. Stop calling everything cope. Feeling good about making a big impact being the *lead engineer* at a small company is not cope.
@@hendrx By the way, the US also does not have any law require employer give employee paid time off, what's more, the law does not limit maximum work hours during a week.
@@rethinkcps2116 Take the job. Horrible place to work for, Extremely political. Worked there for 7 years and got the point of mentally and physically breaking down and walking away from the most amount of money ive ever made because there are so many better companies out there.
@@zoner__that is true. Just gotta know when to jump the ship for another company. Honestly, FANGG is FANGG. Once you have on your resume and worked there a little, move on. You already have to as experience and I have no idea why someone would want to stay loyal when they have gotten the experience and credential from these companies.
@@zoner__ only if you work in one of the big ones. I work for a big company but tech is the support not the main product and I make in the six figures but definitely not enough to retire by 40. 55 maybe.
The thing that killed Tech Industry credibility was all the employees on TH-cam showing videos where they come into work, get free food, go to a themed meeting room (Harry Potter Room, Glitter Room) and then go back to the free cafeteria foe even more food. It made the public ask "what is going on?"
Not only tech, I worked at Sony Pictures in Mexico (Movies & Entertainment) for the last 6 years, and the story was pretty much the same... started very edgy & with a bright future for everyone working there. But it ended with half the employees and the office spaces shrinking to a quarter of what they were.
You are minimal then. Sounds like you cannot monetize what you dream. May be a cГ×p dream. I work in what I love and get offers, sometimes 3 a day, but I get not everyone are this lucky.
Asserting that working at big companies like Google, Meta, or Microsoft defines a "dream job" is mindless propaganda! A dream job is any job that a person loves waking up in the morning to do. It could be a garbage truck driver, a train operator, an airline pilot, a programmer, an artist-anything! The true measure of a "dream job" is the passion and satisfaction it brings, regardless of the employer's size or prestige. 🙂
Tech companies have always had boom and bust cycles. I worked at MSFT for a while in the windows 95 timeframe. Huge amount of freebes, everyone had your own office, with a door you could close so you would not be distrurbed. People would put in a couch, chairs that hung from the ceiling, sleeping are next to desk, etc. Free food all the time. In returned you worked hard, really hard. One of my coworkers did not leave the campus for 7 days trying to make a ship date. I really felt like everyone was focused on the same goals and willing to do what it took. That is why many stayed for a decade or more, and some are still there today. Even when their were cycles of layoffs few complained because everyone was focused on making the best product we could.
I worked for Microsoft too and the industry has drastically gone downhill. The tech companies became un ethical at a large scale. There technology is being used to harm society and companies like Meta, Google and Microsoft all know this and yet they still do it! They hired physiologist to exploit human behavior and will get someone to write code to imprison us all and have the audacity to spin it as the next generation of AI. Everyone has collectively lost their minds when data shows heavy use of tech is leading to more depression, self harm and people physically unable live and put down there cellphones. This has real world affects on parents neglecting there kids and algorithms pushing people to more and more extremes politically. While the search engines have been filtering the news people see for years adjusting search results individually. Chamath Palihapitiya, Antonio Garcia Martinez and Sean Parker all on public record says companies like Meta are harming society and now the world because of their reach! I don't want to work for these companies because I think they are dangerous but people are so blind to criticisms of any big tech companies including Governments, media and individuals because they heavily depend on their services to function. Were at a point these tech companies ever going to be accountable? They becoming shadow Governments that can influence elections for their own personal interest. That is why I don't want to work for them! They are absolutely now doing real world harm to innocent people and people are too blind to what's happening because they cant see the bigger picture!
"WHO YOU KNOW" ...can also be in the firing line as well as their team. One just never know. Just make sure that you keep your industry certification up-to-date.
@DavidHalverson Not even just that. But it's also who you are related to. Or even if you are the same race of people. I know a workplace that was mostly Guyanese. The manager was guyanese. Go figure!
The thing about it is working for the bigger companies will always be a gamble. They pay well so you can work, make your money and if you’re smart you will save/invest while working. Meanwhile the skillset is valuable regardless even if you go work at a start up, create your own company or go work in a different industry utilizing the same skillsets. Your skillsets are transferrable so hone those skills and keep moving forward. Don’t get caught up in the hype of working for the big tech companies. You will find work elsewhere regardless.
Laying off AWS staff is wild considering how brutal cloud computing billing is, most companies run on the cloud, and AWS is a huge part of that market share. That was more obviously for the share price than all the other layoffs...
That's why you practice setting up cloud systems offline, using a stack of old laptops. On-premises microservices is becoming an increasingly better deal.
Worked at Google until 2021. My two cents. The company branded itself in a way that made it superficially “cool.” But it was only surface level. Outwardly people carried on with this cult-like posture (especially DEI related) and the lack of competence and inability to call things what they were led to mindless lowest common denominator behavior. A lot of window dressing but if you scratch the surface there isn’t any substance there. At my current job, the average employee could run circles around someone from current-day Google in terms of competence focus and common sense.
@@ran160 It was in payments engineering. from people i still know there if anything the "lowest common denominator" groupthink is getting worse. because everyone is afraid for their jobs, it is even less so now that someone will raise their hand to say that the emperor has no clothes. so they just kind of progress towards lowest common denominator "safe" behavior to keep the paychecks coming until something happens to force them to adjust (for example how Bard was overly DEI until the joke that it was became apparent to the public).
When you expect employees to work 9-9 6 days a week, work is your home, silly. They even have “nap pods” because they require so many all nighters of their employees.
Meanwhile, large technology companies in China are growing rapidly and are becoming the dream of prospective workers, for example Huawei, BBK, Xiaomi, Baidu, Alibaba.
I realized at 30 I didn't like work. I just liked the money. So I saved hard, and paid off my house and car and retired at 51 on the reduced spending levels I'd grown accustomed to. 12 years later, I have a much better relationship with my daughter, son-in-law, and grandsons. I've been skiing almost the full year worth of weeks. And developed a small gig business that I enjoy a lot writing mods for minecraft. Recent corporate gouging has been a bit of a problem but I'm still going to make it and have money left over when I die. Never regretted leaving work. Never did anything at work that mattered except helping three people develop their careers when I was a manager. They are commented that I was the only manager who ever listened to them and help them grow as workers. That's about the only thing I am proud of from over 30 years of working. The rest of it, I just gave up hours of my life in exchange for money.
Can't say this video presented anything that people didn't already know. Every industry is struggling now, working for the big tech companies is still desirable. Lay-offs are happening more in smaller businesses now than ever.
As a newbie about to invest, you must have these four things in mind 1. Have a long term mindset. 2. Be willing to take risk. 3. Be careful on money usage, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with a financial advise like Elizabeth Cabral
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her I really need help in this bear market now?
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professionaL.
The tech industry is the main industry where they can hire anyone anywhere in the world and just have them work remotely for whatever's a fair wage there.
The thing is that 'regular' companies that lay off tens of thousands of workers are generally experiencing losses or are going through hard times - think General Electric. But these tech companies were and are hugely profitable. Their pandemic bubble valuation naturally came down in 2022 which they used as an excuse to jettison their people.
They have certainly overhired during the pandemic. Unfortunately, there is now a huge oversupply of entry level tech workers looking for work, which is going to be very rough for new grads looking to break in.
I'm glad I got into the Government at a young age. The stability has been amazing & I've been able to easily transfer to different departments when things got stale or I wanted to promote.
The real reason as to the layoffs was that these companies overhired during the pandemic where tech usage surged and are now adjusting to a new reality. It’s something not many talk about. Also like all big corporations they started off as dynamic and full of opportunity but as they grew bigger they are now slow and lumbering giants that aren’t very lucrative to talent.
you are not keeping up with the news. The pandemic fat shedding is done already. It is the stock market now and that is not going to get well anytime soon. Though th3 companies are making excuse of AI now.
Yep, and none of these business leaders or middle managers take any responsibility and DEFINITELY don't take any of the suffering of their decisions. They drove their companies into this mess and they fired the people actually generating value for the company instead of themselves.
We've seen this movie before: 1992 IBM. When a company stops making "The Best To Work For" lists, the share price is about to get boosted by serious multiples. They have basically reached the late Third Phase of corporate development. Their profits won't come from innovation , new products, services or markets. They will come from plundering the workforce. And all of these companies have a LOT to plunder. (IBM stock spent the rest of the 1990s rising & splitting, rising & splitting, as the workforce got shrunk, outsourced and replaced.)
@@Maya-sv1pzlast phase aka 3rd is renewal or regression/death. The basics of company stages of life in a subject. Renewal sends it to the 2nd stage, maybe first if they are more lucky than all companies combined. Regression/death is self explaining.
I worked for 5.5 years for Google as a TVC. I was let good last May with no notice. I worked all though out the Covid crisis in the data centers when no Google workers would. So much for that.
The main problem with tech jobs are due to tech CEO's greed. They don't care about the employees loyalty to the tech companies. All care about is making money for themselves and their investors. Also constant frequent changes with these big tech companies causes instabilities to the tech business, i.e, constantly trying to get you to buy the latest iPhone even though your Apple device is only 2 years old or forcing the consumers to upgrade their Windows O/S or Office products every few years. Consumers get burnt out and stopped purchasing these hi-tech products.
Tech jobs have just become commonplace jobs. Nothing special about them anymore. That's why there's been a culture shift. You can throw a rock and hit a dozen qualified software devs.
@@BTrain-is8ch That's interesting, because employers say they can't find qualified people, but job-seekers say they can't find opportunities. There's definitely something going on. Maybe the market really is flooded with crap software engineers. I suppose it makes sense, what with all the diploma mills out there. My perception is probably skewed since I've always personally worked with talented peers.
Good point. Also the way rech is evolving. It is making it too commonplace and enabling everyone. I wonder the big tech moat itself will persist in these times of AI. Wouldn't people make their own GOOGs and MSFTs?
@@pvanukoffFor every couple talented with some semblance of social skills(that is required in that field too), there are several thousand(by now) talented people. You can ask them why they used X or Y in their projects and they will not be able to explain the process.
With such clairvoyance im assuming you traded stocks accordingly and are now a millionaire? Surely you'd have done that because this was so obvious that it was gonna happen again since it happened in 1998. You saw it coming because you're a market genius.
And we all got burnt in the Crash of 2000. 😅 They took the money and ran. Then came back and used our money to put into motion What we have today. If you had a job with one of those companies in 2003. And were able to make it to 2024. You know that you made it. Live life well off the rest of the country regular people that believed in the company.while most lost all. You caused taxes and insurance and Interest to run while. So enjoy your retirement. On the backside of the country. Remember we know all the Money the government gave you through COVID-19 and you never paid it back
I got booted when the stock market started to crash as well i worked for one of the top fintech companies in the US doing cyber. It sucks seeing the people who lived and breathed the culture just randomly laid off without warning. It appears having a back up plan if you plan on working in tech is a must. Now I work for a big stable bank. The golden words they told me during the interview process " we didn't lose any employees as a result of covid".
Big Tech was booming as manufacturing jobs were going overseas. The people getting laid off at that time were told to learn new skills. Tech workers should consider themselves lucky 😑
Corporate life I general had a terrible reputation, but the chaos hours exclusivity and drama of tech has made it an after thought for job search. Look at what they did to the Bay Area and Austin!
I work for a sprinkler company, and it's a dream job. I'm my own boss. No one bothers me. I get lunch if I want to or take 1 hour and half if I want to as well. As long as I get my job done, everything is OK. Most says I get home at 3 pm and still get my 8 hours. It's a truly amazing job. But if I told you what you need to do, you'll most likely not do it.
The guy who installed my sprinkler system told me that he has a petroleum engineering degree. He couldn’t find a job during the 80’s oil bust so he turned his part-time job installing sprinklers into a full-time company.
Not layoff proof but massively profitable but still jettisoning thousands of workers. I mean Zuck and Page don't need to get even richer. Besides what does it mean for management competence if they overhired and then fire a bunch of people. Is the C-suite even acknowledging their f-up?
Agreed. They have always been boom and bust. And as the company changes direction, like now to AI, there are people that do not make the move with everyone else.
Especially at the rate of hiring of the past few years. Of course they are going to end up with average people/ projects that are better off being cut.
I wanted to work for these firms and tried so hard in the literal 2000s and 2010's, 2008-2010 and 2011 could not break through. I worked for well known firms and they decided to hire other people. Some people were given the opportunity for wealth growth, starting salaries at VP levels at regular firms and even up to low level CEO, C-suite levels. I love the company I work for today, not an easy company to get into either, but I only imagine if I broke through to get in the 2010's that would have been awesome. I would have retired.
As someone who was called in to deal with a situation to a large Tech Company, one of the main reason for the lay off was simply that: Your role is not relevant at all. Or the job they were hired to do dissolved or got automated ect... Where it was possible we sent people to train for new roles but majoroty of them either declined or had no competencies in any other role. It was and it is hars till this day but when you realise you have someone in HR titled "Food Editor" and gets 120k per year for 2 days worth of job per week you start asking questions >_>
@@randomvideoshere6540 writes and edits food-related features, articles, and reviews for print publications or digital media outlets (or at least thats what i was told) in relatiy there were 4 people in one office space working maybe around 5 hours a day, aaaaaand thats about it xD they got the boot quickly cus all of them were soo expensive. Also the boss who hired them got kicked out too because of this move
Thats the time when companies overall became stingy in all kinda things. Those that worked in the field prior to that were the lucky one’s having all kinda perks.
Companies realised they didn't need to give employees all this stuff to get done what they wanted to.. if you didn';t like it you were just told to leave eventually. Training a market on masse and everyone honing the same skills brings imbalance to a market place and your employer will take advantage of that at your disadvantage. When you make/develop tools to replace jobs you are helping people lose their job and empowering those ones that didn't need this help in the first place. When will people just wake up that making these tools do not actually benefit society but only a very tiny fraction of it and thus it should not be done.
Started with MS in the early 00's and was laid off in '09. At the time I was devastated. I now realize it was the biggest perk the company provided for me, experience and they opened my eyes. It was a terrible time to be without a job and I really struggled to find work. I eventually went back to school and finished my degree. I was fortunate that I was able to work for the school while getting my degree and then I graduated and got a job in software engineering but not in "big tech." My salary has shot up in the 7+ years since I graduated. I've been contacted by Amazon, Google and even MS recruiters but I'll never go back.
the tech industry will never go away, it's just evolving, it will boom again soon with the rise of AI, it's already happening, young people have to understand how how AI is drastically changing the industry, either adapt and make yourself useful or get left behind.
Correction- I have used generative AI a lot in my projects to help fill in gaps and learn new things. I can say with confidence that generative AI, as is, has not taken any jobs in the tech industry. When you try to use it for any serious application beyond trying to fill in holes in your knowledge or some very simple, boiler plate code you end up spending tons of time trying to fix its mistakes.
I feel the same too when I tried using generative AI like ChatGPT for my simple personal project. It might be good for solving known problems and finding answers to questions, but it struggles beyond that. Even when I feed it syntax / runtime errors I encountered it often stuggles to fix them. I think the tech layoffs is mainly due to the high interest rates and post pandemic tech slowdown. Some of my former collegues also believe that remote / hybrid work convinced companies to believe they can outsource the jobs. I did remember training the India team on my modules that I owned before I got laid off while under the pretense that I would work on a new project. The only AI tool we ever used was one that would detect and show duplicate bug Jiras. The results were practically unreliable and often it's better to search for the duplicates by keyword.
not yet...it is in its infancy atm. Wait till generalized neural networks start learning at a exponential rate and inference ( connecting the dots, making educated guesses, eureka moments) start happening..it will be a watershed event in human history.
It won't take jobs for at least another 5 years or more. Most company layoff are in sectors that don't make money for the company. It's called "trimming fat".
Recently I had a tour of this luxurious builduing from the 19th century. It was owned by a wealthy business man that had a beer factory. The factory employees were so depressed that he created inside the builduing an "entertainment" room for his employees, where they can hang out after work, play games or watch shows. It had even a stage that is used to this day. Made me think how similar this is to the corporate office today and their game rooms and perks. I feel the more they offer things like this, the more their business is not etichal or causes depression to their employees.
If you are at a tech company, understand that a company will pump money in a certain direction for the company and that would include special projects and applications that would support that direction. If the direction of the company does not pay off, those applications and special projects are out when the company goes a different direction…that means layoffs. Most tech companies don’t believe in retaining talent by putting them in other roles because the pool of applicants could be huge, depending on their tech stack.
Living in the UK tech hub i got so many friends that jobs working at Microsoft it never had "dream job" status to me. It was like the local construction company.
Our company doesn't have this big flashy rest rooms, game rooms or eating places. there is a tiny little "game room" with one TV, heart monitor equipment?wtf , table football and a sofa. That's it. The thing is i have never ever used that room or those things because i am too busy. I think those tech companies play rooms are also there for a decoration and none actually uses it.
I work for Amazon and trust me there's nothing good about working there. Multiple employees injured then released. Mandatory overtime even though they don't have enough work to keep people working for regular shifts. Hire you for one department then move you to others constantly. People with restrictions from doctors get accomodations approved then made to go against them. Terrible place to work
Tech is just going through a boom and bust cycle just like every industry before it. But at these FAANG companies lots of people are still bringing in $300k-$500k+ total comp. We're talking attorney, doctor pay here, without requiring a degree. The allure may have faded a bit but let's be honest money talks.
Turning down better jobs out of loyalty is the worst decision I have ever made in my career." This revision maintains the clarity of your original statement while improving the overall structure.
The problem with getting into Big Tech is also the interview process is 7-8 rounds that can take several months before you might get picked up by a team. Some people have just given up trying to apply there.
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Seriously, many didn't notice this 2 to 3 decades earlier? Mass Automation began few decades earlier starting in Western nations that Went Worldwide where Automation began 1000s of years earlier including with Waterwheel technology that was used in Agriculture, Metallurgy 2000 years ago in Europe, Asia, etc. Entrepreneurship is what's needed More than Labour Worldwide in 21st Century where AI is Just 1 of the 100 Disruptive Mass Automated Tech where the Periodic Table for the 100 Disruptive Tech of 21st Century was put up in 2018 (They are all Mass Automated Tech where AI is only 1 of them out of 100).
Entrepreneurship needs lots more skills, education, etc within integrated areas of Humanities, Arts, Social Sciences, Natural Sciences and Formal Sciences
The tech companies became un ethical at a large scale. There technology is being used to harm society and companies like Meta, Google and Microsoft all know this and yet they still do it! They hired physiologist to exploit human behavior and will get someone on an H1B Visa to write code to imprison us all and have the audacity to spin it as the next generation of AI. Everyone has collectively lost their minds when data shows heavy use of tech is leading to more depression, self harm and people physically unable live and put down there cellphones. This has real world affects on parents neglecting there kids and algorithms pushing people to more and more extremes politically. While the search engines have been filtering the news people see for years adjusting search results individually. Chamath Palihapitiya, Antonio Garcia Martinez and Sean Parker all on public record says companies like Meta are harming society and now the world because of their reach! I don't want to work for these companies because I think they are dangerous but people are so blind to criticisms of any big tech companies including Governments, media and individuals because they heavily depend on their services to function. Were at a point these tech companies ever going to be accountable? They becoming shadow Governments that can influence elections for their own personal interest. That is why I don't want to work for them! They are absolutely now doing real world harm to innocent people and people are too blind to what's happening because they cant see the bigger picture!
@@rmot2911❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
1:20 Ouch
How can you get the way?
When I started in tech over a decade ago, it was so obvious from the beginning that these companies wanted you to be part of their cult and if you pushed back even a tiny bit, they kicked you out without warning. As a senior engineer now, I’ve always told folks, NEVER EVER trust or put faith in a company or business that you don’t own, the coffee maker will always outlast you.
Lo senior engineer bro you make 300K+/year, get outta here with your advice
@@LaSombraa How do you know how much he makes?
A cult is a harsh but accurate term. These companies repeat so many slogans that they don't abide by like "strive to be earth's best employer" but then they lay people off without any severance. Working at companies like that, it's hard not to be jaded because they rarely act according to their own alleged principles.
Surely as a senior he is best placed to give that advice...
I agree people need to start taking a more mature approach to work, be more business minded. You are supplying your time in exchange for money. A lot of people are speaking about their ex companies as if it were a first love. all companies have a number one objective to make money for their shareholders. Once you keep that it mind it becomes easier to ride these waves.
People always forget that its just a job. Please dont forget about your personal goals and interests.
Personal goals and interests were only obtainable in the post economic collapse of 2008 through having an actual career (a secure guaranteed employment having worked over 5 years in the same company) to pay for the high prices of vacations and having a home or a car. No job...then no dream or goal or interests!
That job pays for your personal goals and interests to stay alive.
You also have a choice to do what you love.
And that’s an issue to these corporations that say “we’re a family” stuff. They expect you to give 80% of your week and 80% of your life to THEIR business and THEIR dream. No. I have a life and personal goals too, and a 9-5 (80% of my week) devoted to someone else’s dream, won’t work for me.
@@Saiuriyon Don't work for a company whose dreams don't match with your dreams.
That's it.
Some of the great advices I received a long time ago when I was a novice in the corporate world.
1) Nothing is forever, including your job.
2) Your superiors are not your friends.
3) Everyone is replaceable.
4) Organizations exist for their own benefits, not for employees.
5) Have a minimum of 6 months' worth of living saved as a rainy day fund. Therefore, if you get fired tomorrow, you will not go mad.
Im writing this down
Sorry we can’t afford to save up six months worth of expenses. Not all of us have a privileged salary
5) have 3 years in savings, plus healthcare fund for 10x more
@@MB-xv7er Then save one month to start out, even if it takes a while
Who makes up the organization if not employees? or is it the difference between leadership and ground workers?
Soft Engineer here. People do not realize they have all these amenities to keep you at work longer. They serve dinner there, have wifi on the way to work. Why do you think the turnover rate after a year is so high. I would rather go home to my wife and kids and have a normal work schedule for less pay to live my life.
Did you eat crap or crab?
Yup and also... while things like sofa, sleep rooms, gaming consoles seem awesome ... no one actually uses them because your seen as a slacker.
@@Dalamainso it’s used as a trap? Who to lay off ?
Jimmy: "Hello... what is this meeting for?"
HR: "Hello Jimmy! As you probably know, our company revenue has suffered this year by 5% going from 100 billion to merely 95 billion in net revenue... so we are basically trying to 'trim the fat' as the saying goes" 😊
Jimmy: "But but I have been working overtime without extra pay and I am never late or call sick and and..."
HR: "We are aware of your amazing service to our company!" 😊
"But on a completely unrelated topic here is a CCTV footage of you playing the playstation 5 minute before lunch time!" 😊
"EXPLAIN YOURSELF!"
The Silicon Valley norm is a 60 hour work week, but some, like any Musk owned company, expect 80 hours from you and your 40 hour salary. Decades ago the government would have stepped in and done something to reduce the wage theft that is so rampant these days, but 5 decades of deregulation and the movement of both parties to the right have made it practically legal to steal from the employees.
The total value of street crime, the stuff we see on the nightly news, amount to about $20B/year and that accounts for every robbery, holdup, car jacking, home invasion, and petty bank robberies. In contrast, wage theft alone amounts to about $50B/year or about 2.5 times the entire street crime problem. There is a difference: street criminals wind up in prison, some 1.2M of them, whereas the theft and criminal activities of the wealthy and corporations result in only a handful in prison. It should be mentioned that the $50B wage theft figure does NOT include the wage theft that involves demanding the workers work more hours than the 40 they contracted for -- if you added that in you're looking at well north of $100B/year in wage theft.
Someone like Donald Trump, if they were an average criminal, would have been in prison decades ago for doing what Trump has done all his life; meanwhile, Trump's million dollar legal team is pulling every lever they have to avoid Trump being sentenced to anything.
The real dream shouldn't be dream job or the American dream....it should be the ability to enjoy your life
For some people enjoying their lives means having a meaningful job with a great team around them.
Thatll never happen until mating opportunities are equal. As long as you have to compete for a chance at partners for mating or pleasure, there will be competition, heiarchies, capitalism, feudalism, dictators, facist, competitions, consumerism etc
@@maniac50ae14 No one owes you their vajeena incel
That's not a dream then, that's their delusion@@xentric313
@@maniac50ae14 what about when you delete mating
These tech companies, and their youthful leaders, grew old like the rest of corporate America.
It's almost as if a certain shareholder is telling these companies to do the same thing...hmmm
@@frenchfryinyourmcdonaldsba8688 1sr43l
Pandemic accelerated that too
Poor leadership just spreaded out more.
@@victorochoa3662 and what in the world does Coffeezilla have to do with this exactly???
Loyalty to companies has never been a good investment.
Go back in history, and you'll see how employees keep failing for the same scam for decades. The rhetoric is always the same: "X yrs being loyal to this company, and they didn't even think twice when they laid me off."
Stop being shy or fearful about asking for more money or benefits when they need you; bc when they don't, you'll be gone.
Tech industry never had loyalty but instead people had golden handcuffs which incentive staying a few years. If you look at the turnover its usually ~2 years then tech workers jump to another company.
It used to be good when pensions were common. Not anymore
Actually, pensions were tokens rec’d for loyalty. Now, since 401k has replaced pensions, there is 0 expectation of loyalty.
I mean it depends…in most European countries you can’t get fired. So once you commit to a cooperate it can pay off as they can’t get let you go unless you want to leave by your own choice
@@rinmartell2678I bet that makes for terrible employees. Just like in Russia where you were assigned to a position. People would do the bare minimum and even show up drunk and they couldn’t get fired 😂 😂. That ended up horribly. The economy sunk because they had no competition. Not between employees and not between companies. You had to be on a waiting list for over 10 years to get a car . It wasn’t a fancy car. It was the common man’s car and there was only one kind of common man’s car 😂. 10 years because everyone was lazy. They got their measly wage whether they worked or not.
I work for government and we stayed working thru the pandemic. And now, it’s crazy to see that new graduates want stability more than money. Good for them.
nice wanting, until you cannot have!
Approx 120 candidates had to take a 2 hours written test to compete for ONE administration assistant job for a city job
Same here, I work in GovTech as a Dev/QA engineer in DevOps. So far I still have my job and Gov jobs are known for stability. Though I don't make as much as what the tech giants give, I still have a great job with a great salary.
Grateful for my position in county government. It’s not a glamorous job by any means but it’s recession proof/lay off proof, and the benefits are great. Not to mention, the pension.
True . I work for the city of Dallas and we work during the pandemic. Well it was worth it , because I get to retire in three years at the age of 50.
They NEVER put employees first!!! They put PROFITS first!!!
Well duh.! Why would you go into business if you can't generate a profit.
😆😆😆
Welcome to cap1talism
So when are you opening your company and putting people first? What happens when you make a loss in your business? I assume you will take on debt to run payroll?
It’s called capitalism!
Dream jobs still exist. I'm not in tech but I landed my dream job with my dream company in the aerospace industry. I've only been here for a month, and I can see myself here until retirement. Culture is very relaxed, great work life balance, pension on top of 401k! 3 weeks vacation with 40 hours absence with permission, 30 DAYS SICK TIME! $25k tuition fee assistance and so much more! Finally made it!
Bro what company ? Think I can get referral ? I am in DevOps
@@kestralz1 SpaceX. Jk jk 😂 I once was applying to SpaceX but read that workers were working a minimum of 60 hours/week. I’m sorry but there’s more to life than just work.
Nope, not spacex. It’s Collins Aerospace my friends! It only took me ten years and 20,000 applications to finally get in lol.
@@jitlvso Raytheon. Of course 😂
@@jitlv You're working on government/DOD/DCSA time. That's why you're so relaxed. Every time, the government stonewalls your efforts to push a project forward, due to some regulation, I bet you breathe a sigh of relief as that means an extra month added to your deadline.
The honey moon period is over and these tech companies now simply go back to being like any other companies which prioritize shareholders' values over anything else
Bingo
Facts
You CANNOT say 300k jobs CREATED without stating WHAT JOBS were created. MOST job creations are part time and NOTHING jobs
With this benefit and no time off.
Lmao, whjat every president does to pad their "employment numbers" when they have to get re-elected, they use every fast food resturant like part time Mcdonald as their "How many jobs were created". Fools don't realize that Mcdonald over hires on purposly so they can boast how many employee they have.
Many of the disappearing software engineering jobs are in RnD divisions, but most of these companies are pivoting away from RnD towards guaranteed profits.
Precisely... Most are 2nd or 3rd jobs per individual
What is worse is that a lot of the jobs are part-time with a Monday-to-Friday schedule. So you are basically a full time employee but you aren't paid a full amount, you don't get benefits working part-time, and it's hard to get a second job when you have your whole week taken up by this part-time job
The workplace food, perks and amenities is all smoke and mirrors to keep you on their campus for as long as possible to extract every once of productivity you have to give and ensure you don't have a life outside of work.
Some people come in for breakfast and lunch then leave. The system can be gamed the same you claim it tries to game you. Also everyone knows that's why the company does it, the company isn't secretive about it, it makes sense. At least they offer an incentive, unlike many other employers who don't pay half as much and expect to stay late when you have to.
The other thing now is remote work. Now they can find talent anywhere…meaning abroad. Why pay Western wages for equally talented folks elsewhere that are cheaper. My sister in law worked for Oracle and was tasked with finding foreign talent, no visa needed just good internet.
It's a trade-off, not smoke and mirrors. You choose whether you want to stay late. None of the coworkers on my team choose to do so, but if someone wants to, isn't it a good thing that they also get free food?
@@whiteberry8785 I haven't heard messaging like that. They just offer these benefits, with the same messaging as any other benefit, like vacation leave. They say, "there's a fully-stocked kitchen on every floor" not "there's a fully-stocked kitchen on every floor because we're benevolent".
Exactly what I was thinking about! Good explanation👍
Samething happened with tech in the 90s. My dad worked at HP, they had a lot of amenities, baseball fields etc. They did a big 'picnic' every summer where they rented out amusement parks, then the layoffs started and they sold off the campus. I was always jealous hearing about Facebook and Google and how they offered so much free stuff like free food etc., and now that bubble is burting too
I remember when I was in high school the teachers would say if you got into one of these companies you would have job security. Now it looks like that’s non existent and they can replace you with the same ease minimum wage workers can be replaced.
90s kids : been lied for the past 30 years. hasten the correction.
The expectation of never ending monetary growth. What destroyed "Dream jobs" or the "American dream" is simply just pure GREED.
Greed has been around since the beginning of mankind so it seems that there is more to the story than just greed, such as the debt based monetary system that helped to allow this mess to happen in the first place.
Greed is embedded in free market capitalism. Americans have to realize that and stop voting for liberists
The concept that the only real reason a corporation exists is to deliver maximum value to the shareholders, is what killed the American dream.
Capitalism is fundamentally incompatible with human dignity and a decent life
Less dream, more delusion. It's just a job at yet another company/corporation. They will only keep you for as long as they think they need you or until you cost more than what you're worth to them. Welcome to the reality of everyone else.
Greed has always been around. What changed is that corporations figured out how to use democracy against the people.
Unemployment at record lows? Too bad we replaced dream jobs with gig jobs 🤮
Good thing we voted for Biden the Puppet of Corporates
@@johnnyson7474 Trump literally cut taxes for corporations and the rich.
@@johnnyson7474bro, sweet gimmick profile! All those guys you follow definitely aren't bots!
@@johnnyson7474you dumbo
Unemployment should be at its highest point by now. This is the result of Millennials not wanting to keep the more senior employees hired in the workplace but putting in the young 20 to 50 year olds instead. The largest age group now being shoved out the door of many businesses are the Baby Boomers of the 1950s and 1960s. Not even offered a retirement package...just terminated for 'just cause' so the worker cannot claim Unemployment Insurance Benefits.
There has never been a lot of "glory" in what I chose to become a plumber, but at least I've never been laid off.
Your job is more critical than any of these tech roles lol.
Yup. Plumbers will always be in demand. Not to mention its easy to start your own business.
@JensSchraeder oh yes. Am a nurse, my ex husband swore to make me loose my license and he tried. I told him if anything ever happened I would just train in hvac. It's 4 months and am sure after 1 year of working I could be making $40/hr then have my own company subsequently.
Lol plumbers can make as much as some of these tech jobs
Apps are temporary, but poop is eternal.
Business owner in aluminum manufacturing here. Even your long term clients will dump you off for a penny. But...but, we always provided great service.....yeah, but we found a cheaper vendor....bye!
Here today , gone tomorrow....never forget and build that into your resiliency.
Also, remote work is more desirable. These large companies don't let you do remote work.
Remote job should be available especially for people that have health issues :/
@@Lovecove4we all have mental health issues..
The reason return-to-office is so important is that it increases meeting engagement so managers can make sure that employees are paying attention. It also facilitates having more meetings (aka collaboration) /sarc.
@@monterreymxisfun3627You have no clue how all of this works, do you
Remote work is tricky, because these big tech companies can hire foreign workers for cheap and not have to pay American workers a livable wage. So because careful with demanding remote work.
Got laid off from my first tech in September after 9 months, couldn't get a job despite being qualified and getting good interviews...now I just work at Costco full time for the stability and good enough benefits. Pay is crap but no layoffs here haha
Can open your own startup
@@freespiritable honestly I have no idea what business that I could open in tech. I left academia to jump into the private sector, thinking they had lots of good paying jobs
Never give up..
Costco is a great employer. It doesn’t matter if you’re a cashier or in head office, you’ll do well there.
@@GirtonOramsaystartup is booming here in India
I agree. I work in tech in Europe. Whenever I get a call from a recruiter from US tech company I’m getting anxious because the contract means nothing and I can be laid off at any moment without any prior notice. You just get to office and this is it: you no longer work there. Another problem with tech jobs is that it takes couple of months to get one. So the industry is very volatile. I’m not surprised folks seek more stable government jobs, because extra pay at tech giants only helps you to make through unemployment, you can’t really enjoy it.
Bo ho?
There are many layoffs in Germany and noone reacts to that, neither unions nor government
I never saw working for any of those companies as ‘dream’ jobs.
When your livelihood depends on your company inflating its share price, you are eminently expendable.
I turned down job offer from Meta recently. Because they didn’t even allow me to do hybrid. I live a little far away from the office. It’s not worthed.
💯
Yup, it's the globalist agenda. That's why offshoring and mass importation of cheap labor is such a big thing with them.
Well you can sit at home now@@lindafukuyu5767
When tech companies started trying to please Wall Street, instead of their users and employees, they took a sharp turn for the worse.
That was the plan all along . Those Venture capitalists will always want to see their profits one way or another
@@calicobizz8056 venture capital and Wall Street are not the same thing. The VCs that funded Google and the other major Tech companies have seen higher returns than almost any investments in human history. The VCs were plenty happy. Wall Street is more concerned with the stock performance of establish companies, wanting returns at predictable quarterly intervals. And when tech companies forgot they were tech companies and instead made their primary focus appeasing Wall Street, that’s when things took a sharp turn for the worse.
All the while, these companies are seeing higher stocks and profitable quarters. All the work their employees put in to help the company grow only to get laid off after. I’ve been in tech for over seven years and have lost the desire to go back. Now, I work three part time jobs in an industry I love and am starting two new businesses this year.
This is most jobs in the US, not just the tech industry. Most companies will let go employees for nothing or to shrink down to stay lean. They will grow larger than needed, then make cuts where they can while maintaining operations. Thats a vast majority of jobs, not just the tech Industry.
while that's true, currently, the tech industry isn't cutting jobs to stay lean. For example, Elon just asked for a $50 billion bonus the day after the latest Tesla layoff. Microsoft laid off half of Blizzard gaming after spending billions to acquire them.
This is about tech leadership doing layoffs to chase their pet projects and just because the shareholders have been rewarding their bonuses for it
@@chihchang1139profits never suffer so I agree with OP. Business as usual
With how software scales as a product in comparison to other products, it can be much more severe in tech
wrong. it's definitely much more amplified in the tech industry. it's a cut throat and volatile industry.
It's feast of famine there. Stability is a joke.
@@LadyF71 The issue is that many of these companies aren't really aiming for profit, so much as they're aiming for constant "growth". There's nothing stopping these companies from being content with a modest profit and staying in their lanes, but over the decades, "modest" stopped being enough. Everything has to be about making more money, controlling more of the market share, increasing a company's stock value; and doing whatever they legally (and sometimes even illegally) can to do accomplish that.
"I put my heart ❤️ and soul in this company "
" I was a loyal hard working employee "
It goes on and on and they ( companies)still didn't care.
You have to realize, that many people when given a choice between saving money or being loyal, they will save money. Imagine your trying to buy a car and the salesperson says, "Please buy my car, I've been doing this for 20 years and have always worked hard." That should have little bearing on whether your going to buy some overpriced car. While loyalty can be important, economics is also very important.
@@Jimraynor45 if a salesperson was to give me that pitch it's not going to work on me. As for saving money yes its very important but even with saving a person fund will dry out if layed off or not enough income loyal is important but will they in return the loyalty to you ..
Thanks for all your hard work now go train these H-1B visa holders to replace you and who will work for much less pay and benefits.
@@JP-qb3ny exactly 💯 thank you for understanding what I was trying to get across
What did they expect? It's not their company. They're just employees performing a job function. The employer can end the relationship whenever and so can the employee.
A wise man once said, "I had rather be first in a village than second at Rome."
Not getting asked to interview with Google after I graduated college was the best thing to happen to my career; I'm now the lead engineer for a product supporting green power generation and isotope production. I don't have to worry about retirement and I can see my impact pushing society forwards; not just powering modern civilization, but improving health care, food safety, and fighting climate change at the same time.
To aspiring engineers: real jobs are out there, plenty of places desperately need competent software engineers to do a whole lot more than spam people with ads.
You lost me at the intersection of green and climate change. The brain washing succeeded.
Sounds like cope for not getting a job at Google lmao
@@AkuNoHana Bashing this guy for turning a setback into an opportunity. This is real life folks. Stop calling everything cope. Feeling good about making a big impact being the *lead engineer* at a small company is not cope.
That was Cesar btw
@@AkuNoHanaYou say this right before clocking in at mcdonalds, relax lil bro
It’s sad how these companies used a worldwide pandemic to their financial advantage 🤦🏻♂️
Only in the U.S can layoff be that easy. In Europe or Japan, company cannot just layoff a employee without negotiation. It is illegal.
The US has severance packages as well
@@hendrx It is not required by law.
@@hendrx By the way, the US also does not have any law require employer give employee paid time off, what's more, the law does not limit maximum work hours during a week.
@@kinennsa damn, the US is horrible as usual
You most definitely have not seen what tech industry in China and India is like where they dump their workers like used plastic bags
A lot of those tech workers eventually not only got fired but got burnt out before that.
This is such an interesting video considering I just resigned from Amazon 2 days ago. Don't do it, Regardless of your position you are just a number.
@@rethinkcps2116 Take the job. Horrible place to work for, Extremely political. Worked there for 7 years and got the point of mentally and physically breaking down and walking away from the most amount of money ive ever made because there are so many better companies out there.
Which warehouse did you work at?
@@SuperMnunez Worked in one in New Jersey, Have been through 2 different warehouses though. Bad leadership has taken over.
Lol of course you’re just a number when a company has 1M+ employees world wide lol
@@LaSombraa Yes true, But I was also a part of management.
Software is a great job, but a horrible career. This is the fourth tech bubble I have lived through so far.
Yeah but you can retire at 40.
@@zoner__that is true. Just gotta know when to jump the ship for another company.
Honestly, FANGG is FANGG. Once you have on your resume and worked there a little, move on. You already have to as experience and I have no idea why someone would want to stay loyal when they have gotten the experience and credential from
these companies.
You can retire only if you are lucky, the averages across USA and Canada are still middle class wages
@@zoner__ only if you work in one of the big ones. I work for a big company but tech is the support not the main product and I make in the six figures but definitely not enough to retire by 40. 55 maybe.
@@monicarenee7949which one
The thing that killed Tech Industry credibility was all the employees on TH-cam showing videos where they come into work, get free food, go to a themed meeting room (Harry Potter Room, Glitter Room) and then go back to the free cafeteria foe even more food. It made the public ask "what is going on?"
Those were the nontechnical people. That same stuff is happening in HR/marketing departments everywhere.
@@Jacosmisure but you need to keep your mouth shut about it.
Self snitched themselves out of a job .
Not only tech, I worked at Sony Pictures in Mexico (Movies & Entertainment) for the last 6 years, and the story was pretty much the same... started very edgy & with a bright future for everyone working there. But it ended with half the employees and the office spaces shrinking to a quarter of what they were.
I never had a dream job. Working sucks and I hate when I have dreams where I'm working.
You probably think you’re gonna live off your parents forever.
@@Sun-diver Except I don't and haven't since I was 18. I work but that doesn't mean I like it. I have to do it.
Sounds like you hate Sundays, and hate work also, but would rather blame your fellow worker for your hate of work lol 😂 @@Sun-diver
You are minimal then. Sounds like you cannot monetize what you dream. May be a cГ×p dream.
I work in what I love and get offers, sometimes 3 a day, but I get not everyone are this lucky.
❤️❤️❤️❤️ truth
Asserting that working at big companies like Google, Meta, or Microsoft defines a "dream job" is mindless propaganda! A dream job is any job that a person loves waking up in the morning to do. It could be a garbage truck driver, a train operator, an airline pilot, a programmer, an artist-anything! The true measure of a "dream job" is the passion and satisfaction it brings, regardless of the employer's size or prestige. 🙂
true.
Yes people only see what their eyes see.
True words! DO NOT BE brainwashed by the media.
These tech jobs in google i.e. is a slavery cant imagine as dream job😢
True spoken words.
Did employees really believe this corporate propaganda without recognizing they’re expendable at the end of the day?
With profits at all time high for most big corporations, work week should be reduced to ~32 , ~34 hours a week
when they no ethics what to expect
Greed corrupts all. All those tech companies are now even worse than traditional corporations.
Tech companies have always had boom and bust cycles. I worked at MSFT for a while in the windows 95 timeframe. Huge amount of freebes, everyone had your own office, with a door you could close so you would not be distrurbed. People would put in a couch, chairs that hung from the ceiling, sleeping are next to desk, etc. Free food all the time. In returned you worked hard, really hard. One of my coworkers did not leave the campus for 7 days trying to make a ship date. I really felt like everyone was focused on the same goals and willing to do what it took. That is why many stayed for a decade or more, and some are still there today. Even when their were cycles of layoffs few complained because everyone was focused on making the best product we could.
I worked for Microsoft too and the industry has drastically gone downhill. The tech companies became un ethical at a large scale. There technology is being used to harm society and companies like Meta, Google and Microsoft all know this and yet they still do it! They hired physiologist to exploit human behavior and will get someone to write code to imprison us all and have the audacity to spin it as the next generation of AI. Everyone has collectively lost their minds when data shows heavy use of tech is leading to more depression, self harm and people physically unable live and put down there cellphones. This has real world affects on parents neglecting there kids and algorithms pushing people to more and more extremes politically. While the search engines have been filtering the news people see for years adjusting search results individually. Chamath Palihapitiya, Antonio Garcia Martinez and Sean Parker all on public record says companies like Meta are harming society and now the world because of their reach! I don't want to work for these companies because I think they are dangerous but people are so blind to criticisms of any big tech companies including Governments, media and individuals because they heavily depend on their services to function. Were at a point these tech companies ever going to be accountable? They becoming shadow Governments that can influence elections for their own personal interest. That is why I don't want to work for them! They are absolutely now doing real world harm to innocent people and people are too blind to what's happening because they cant see the bigger picture!
You aren't responsible for Clippy, are you? 😂
"Microsoft makes junk" - Steve Jobs. You didnt do a very good job did you.
How was it to actually be somewhat properly compensated? Must have been nice back in the day
@@davidinwashingtonI think Clippy was laid off as well, I have not seen him in a while. Poor Clippy 😮
The front of line is not who you work for how hard you worked it’s WHO YOU KNOW.
"WHO YOU KNOW" ...can also be in the firing line as well as their team. One just never know. Just make sure that you keep your industry certification up-to-date.
Exactly who did you sleep with last night will determine where you are working when you wake up in the morning.
@DavidHalverson Not even just that. But it's also who you are related to. Or even if you are the same race of people. I know a workplace that was mostly Guyanese. The manager was guyanese. Go figure!
Its not who you know. Its how many know you.
BOOTY Is IP now
Some time ago they were proud of how people wanted to work for them. Now they just don't care anymore. It is that simples...
The thing about it is working for the bigger companies will always be a gamble. They pay well so you can work, make your money and if you’re smart you will save/invest while working. Meanwhile the skillset is valuable regardless even if you go work at a start up, create your own company or go work in a different industry utilizing the same skillsets. Your skillsets are transferrable so hone those skills and keep moving forward. Don’t get caught up in the hype of working for the big tech companies. You will find work elsewhere regardless.
Laying off AWS staff is wild considering how brutal cloud computing billing is, most companies run on the cloud, and AWS is a huge part of that market share. That was more obviously for the share price than all the other layoffs...
That's why you practice setting up cloud systems offline, using a stack of old laptops. On-premises microservices is becoming an increasingly better deal.
Worked at Google until 2021. My two cents. The company branded itself in a way that made it superficially “cool.” But it was only surface level. Outwardly people carried on with this cult-like posture (especially DEI related) and the lack of competence and inability to call things what they were led to mindless lowest common denominator behavior. A lot of window dressing but if you scratch the surface there isn’t any substance there. At my current job, the average employee could run circles around someone from current-day Google in terms of competence focus and common sense.
What segment did u work in? I heard they were getting rid of the lowest common denominator workers through employee rank
@@ran160 It was in payments engineering. from people i still know there if anything the "lowest common denominator" groupthink is getting worse. because everyone is afraid for their jobs, it is even less so now that someone will raise their hand to say that the emperor has no clothes. so they just kind of progress towards lowest common denominator "safe" behavior to keep the paychecks coming until something happens to force them to adjust (for example how Bard was overly DEI until the joke that it was became apparent to the public).
word salad
But can they reverse a linked list with a log n space and time complexity? 🤣
@@XxXK9cope harder
employees first ❌ profit first ✅
I'm the only one who always thought this companies were nightmares. A " custom oil canvas; poker room". It's just a job; go to work and go home.
Not just you. These tech companies are masked dystopias with leaders and managers acting like complete sociopathic sycophants
They spend money on gimmicks instead of raising salaries.
When you expect employees to work 9-9 6 days a week, work is your home, silly. They even have “nap pods” because they require so many all nighters of their employees.
No I worked for them and thought that
Yep all those perks are meant to keep you in the office longer
I worked for google and fb during 2015-2020. Man, those were the good times! I feel blessed to have witness it
Meanwhile, large technology companies in China are growing rapidly and are becoming the dream of prospective workers, for example Huawei, BBK, Xiaomi, Baidu, Alibaba.
They never had dream job status because I never dreamed of a job!
Lol ❤
@jealousmuch888
Self-employer way to go
I realized at 30 I didn't like work. I just liked the money.
So I saved hard, and paid off my house and car and retired at 51 on the reduced spending levels I'd grown accustomed to.
12 years later, I have a much better relationship with my daughter, son-in-law, and grandsons. I've been skiing almost the full year worth of weeks. And developed a small gig business that I enjoy a lot writing mods for minecraft.
Recent corporate gouging has been a bit of a problem but I'm still going to make it and have money left over when I die.
Never regretted leaving work. Never did anything at work that mattered except helping three people develop their careers when I was a manager. They are commented that I was the only manager who ever listened to them and help them grow as workers. That's about the only thing I am proud of from over 30 years of working.
The rest of it, I just gave up hours of my life in exchange for money.
“Efficiency” ie 1 person doing the job of 5 people.
and five people taking credit for the work of one employee
and AI is doing that 1 person's job all along.
No ughh Get me that robot .. Your commentting again bob
@@mc1993I would not be so sure about that one.
The stack overflow cannot do that.
show no loyalty to companies that will throw you under the bus when the company needs to downsize.
I believe in economic activity that emphasizes real human social connections, where cost cutting is meaningless. I hope that the future will come.
Can't say this video presented anything that people didn't already know. Every industry is struggling now, working for the big tech companies is still desirable. Lay-offs are happening more in smaller businesses now than ever.
As a newbie about to invest, you must have these four things in mind
1. Have a long term mindset.
2. Be willing to take risk.
3. Be careful on money usage, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with a financial advise like
Elizabeth Cabral
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her I really need help in this bear market now?
Te/e gram
@cabraleliz THAT IS HER USER NAME
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professionaL.
Thanks I'll write her immediately.
The tech industry is the main industry where they can hire anyone anywhere in the world and just have them work remotely for whatever's a fair wage there.
The thing is that 'regular' companies that lay off tens of thousands of workers are generally experiencing losses or are going through hard times - think General Electric. But these tech companies were and are hugely profitable. Their pandemic bubble valuation naturally came down in 2022 which they used as an excuse to jettison their people.
My friend did 6 rounds of interviews with Amazon and was asked to do a 7th. Wtf, 7 interviews? What a waste of time
Amazon recruiters have contacted me several times but I explain to them that I find that their interview process is oppressive and demeaning.
They have certainly overhired during the pandemic. Unfortunately, there is now a huge oversupply of entry level tech workers looking for work, which is going to be very rough for new grads looking to break in.
I'm glad I got into the Government at a young age. The stability has been amazing & I've been able to easily transfer to different departments when things got stale or I wanted to promote.
I second this. I have been federal employee for 10 years now, stayed in same position, no layoffs. Very stable income, COLA adjustments every 2-3 yrs
The real reason as to the layoffs was that these companies overhired during the pandemic where tech usage surged and are now adjusting to a new reality. It’s something not many talk about. Also like all big corporations they started off as dynamic and full of opportunity but as they grew bigger they are now slow and lumbering giants that aren’t very lucrative to talent.
you are not keeping up with the news. The pandemic fat shedding is done already. It is the stock market now and that is not going to get well anytime soon. Though th3 companies are making excuse of AI now.
Yep, and none of these business leaders or middle managers take any responsibility and DEFINITELY don't take any of the suffering of their decisions. They drove their companies into this mess and they fired the people actually generating value for the company instead of themselves.
We've seen this movie before: 1992 IBM. When a company stops making "The Best To Work For" lists, the share price is about to get boosted by serious multiples. They have basically reached the late Third Phase of corporate development. Their profits won't come from innovation , new products, services or markets. They will come from plundering the workforce. And all of these companies have a LOT to plunder. (IBM stock spent the rest of the 1990s rising & splitting, rising & splitting, as the workforce got shrunk, outsourced and replaced.)
what's the end phase?
@@Maya-sv1pzlast phase aka 3rd is renewal or regression/death.
The basics of company stages of life in a subject.
Renewal sends it to the 2nd stage, maybe first if they are more lucky than all companies combined.
Regression/death is self explaining.
I worked for 5.5 years for Google as a TVC. I was let good last May with no notice. I worked all though out the Covid crisis in the data centers when no Google workers would. So much for that.
Learn and move forward. Don't make the same mistake twice.
@@ethanquenum4778 well kinda back in the same boat working for a company now supporting Google metro sites in metro Atlanta.
The main problem with tech jobs are due to tech CEO's greed. They don't care about the employees loyalty to the tech companies. All care about is making money for themselves and their investors. Also constant frequent changes with these big tech companies causes instabilities to the tech business, i.e, constantly trying to get you to buy the latest iPhone even though your Apple device is only 2 years old or forcing the consumers to upgrade their Windows O/S or Office products every few years. Consumers get burnt out and stopped purchasing these hi-tech products.
Tech bust will be as painful as the Dot com bust. Only recession proof industries like healthcare will be stable.
Funeral directors is probably recession proof
Lies Healthcare will be wiped out by AI SHORTLY
Tech jobs have just become commonplace jobs. Nothing special about them anymore. That's why there's been a culture shift. You can throw a rock and hit a dozen qualified software devs.
Where exactly? I can still run through a dozen interviews and only encounter a couple worth proceeding with.
@@BTrain-is8ch That's interesting, because employers say they can't find qualified people, but job-seekers say they can't find opportunities. There's definitely something going on. Maybe the market really is flooded with crap software engineers. I suppose it makes sense, what with all the diploma mills out there. My perception is probably skewed since I've always personally worked with talented peers.
@@BTrain-is8ch There are not many good ones out, that's true. Are you still searching?
Good point. Also the way rech is evolving. It is making it too commonplace and enabling everyone. I wonder the big tech moat itself will persist in these times of AI. Wouldn't people make their own GOOGs and MSFTs?
@@pvanukoffFor every couple talented with some semblance of social skills(that is required in that field too), there are several thousand(by now) talented people.
You can ask them why they used X or Y in their projects and they will not be able to explain the process.
I don’t understand why CBNC is acting surprised at this happened. It literally happened in 1998.
Who is acting surprised?
With such clairvoyance im assuming you traded stocks accordingly and are now a millionaire? Surely you'd have done that because this was so obvious that it was gonna happen again since it happened in 1998. You saw it coming because you're a market genius.
And we all got burnt in the Crash of 2000. 😅 They took the money and ran. Then came back and used our money to put into motion What we have today. If you had a job with one of those companies in 2003. And were able to make it to 2024. You know that you made it. Live life well off the rest of the country regular people that believed in the company.while most lost all. You caused taxes and insurance and Interest to run while. So enjoy your retirement. On the backside of the country. Remember we know all the Money the government gave you through COVID-19 and you never paid it back
You mean 2001?
More like 2010
I got booted when the stock market started to crash as well i worked for one of the top fintech companies in the US doing cyber. It sucks seeing the people who lived and breathed the culture just randomly laid off without warning. It appears having a back up plan if you plan on working in tech is a must. Now I work for a big stable bank. The golden words they told me during the interview process " we didn't lose any employees as a result of covid".
Even with layoffs, they get many months of severance and they were making such a huge salary that they will be ok.
Good point
Big Tech was booming as manufacturing jobs were going overseas. The people getting laid off at that time were told to learn new skills. Tech workers should consider themselves lucky 😑
tech is also outsourced overseas
"learn to code" yeah that was pretty tone-deaf ngl
They should learn to plumb.
Tech has been going through outsourcing for decades - wym?
Corporate life I general had a terrible reputation, but the chaos hours exclusivity and drama of tech has made it an after thought for job search. Look at what they did to the Bay Area and Austin!
The Bear Market and Higher Interest Rates show who really matters. Employees aren't displayed on the balance sheet.
I POOP in an outhouse and grow food.. Shuush you No I dont have a cellphone
They tossed out 20% of their employees and treated everybody as replaceable trash. End of the "great" status.
I work for a sprinkler company, and it's a dream job. I'm my own boss. No one bothers me. I get lunch if I want to or take 1 hour and half if I want to as well. As long as I get my job done, everything is OK. Most says I get home at 3 pm and still get my 8 hours. It's a truly amazing job. But if I told you what you need to do, you'll most likely not do it.
The guy who installed my sprinkler system told me that he has a petroleum engineering degree. He couldn’t find a job during the 80’s oil bust so he turned his part-time job installing sprinklers into a full-time company.
I don’t think anyone in tech actually thinks these companies are layoff proof. What kind of news is this?
😢Im miffed that such great analysis is needed
Not layoff proof but massively profitable but still jettisoning thousands of workers. I mean Zuck and Page don't need to get even richer. Besides what does it mean for management competence if they overhired and then fire a bunch of people. Is the C-suite even acknowledging their f-up?
Agreed. They have always been boom and bust. And as the company changes direction, like now to AI, there are people that do not make the move with everyone else.
In my first corporate job I was told that they would never layoff anyone, at new employee training by one of the HR ladies (HPC)
Especially at the rate of hiring of the past few years. Of course they are going to end up with average people/ projects that are better off being cut.
I wanted to work for these firms and tried so hard in the literal 2000s and 2010's, 2008-2010 and 2011 could not break through. I worked for well known firms and they decided to hire other people. Some people were given the opportunity for wealth growth, starting salaries at VP levels at regular firms and even up to low level CEO, C-suite levels. I love the company I work for today, not an easy company to get into either, but I only imagine if I broke through to get in the 2010's that would have been awesome. I would have retired.
Just before reading your comment i thought same. Just imagine a guy entering these companies in 2010. They would have made lot of money.
As someone who was called in to deal with a situation to a large Tech Company, one of the main reason for the lay off was simply that: Your role is not relevant at all. Or the job they were hired to do dissolved or got automated ect... Where it was possible we sent people to train for new roles but majoroty of them either declined or had no competencies in any other role. It was and it is hars till this day but when you realise you have someone in HR titled "Food Editor" and gets 120k per year for 2 days worth of job per week you start asking questions >_>
Food editor????? What exactly is their job description?????
@@randomvideoshere6540 writes and edits food-related features, articles, and reviews for print publications or digital media outlets (or at least thats what i was told) in relatiy there were 4 people in one office space working maybe around 5 hours a day, aaaaaand thats about it xD they got the boot quickly cus all of them were soo expensive. Also the boss who hired them got kicked out too because of this move
Yes a lot of the cuts are all those random “managers” that add no intrinsic technical value to the organisation and are simply dead weight.
Amazon never had perked like this when I worked in corporate in 2012. They were always extremely stingy
Thats the time when companies overall became stingy in all kinda things. Those that worked in the field prior to that were the lucky one’s having all kinda perks.
They give free 🍌 🍌🍌 though. 😊
This is EXACTLY why I started my TH-cam channel and it was the BEST thing I could have ever done.
What about 8
Companies realised they didn't need to give employees all this stuff to get done what they wanted to.. if you didn';t like it you were just told to leave eventually.
Training a market on masse and everyone honing the same skills brings imbalance to a market place and your employer will take advantage of that at your disadvantage.
When you make/develop tools to replace jobs you are helping people lose their job and empowering those ones that didn't need this help in the first place.
When will people just wake up that making these tools do not actually benefit society but only a very tiny fraction of it and thus it should not be done.
Even consulting organizations like Bain and BCG are no longer what they used to be
Most unethical of the block surpassing tech which may have inkling of passion or hard work.
Any time you're on the clock ⏰ they can take away that check when they feel like it
If you're not working for yourself, you're clearly, obviously working for someone else.
Started with MS in the early 00's and was laid off in '09. At the time I was devastated. I now realize it was the biggest perk the company provided for me, experience and they opened my eyes. It was a terrible time to be without a job and I really struggled to find work. I eventually went back to school and finished my degree. I was fortunate that I was able to work for the school while getting my degree and then I graduated and got a job in software engineering but not in "big tech." My salary has shot up in the 7+ years since I graduated. I've been contacted by Amazon, Google and even MS recruiters but I'll never go back.
the tech industry will never go away, it's just evolving, it will boom again soon with the rise of AI, it's already happening, young people have to understand how how AI is drastically changing the industry, either adapt and make yourself useful or get left behind.
Correction- I have used generative AI a lot in my projects to help fill in gaps and learn new things. I can say with confidence that generative AI, as is, has not taken any jobs in the tech industry. When you try to use it for any serious application beyond trying to fill in holes in your knowledge or some very simple, boiler plate code you end up spending tons of time trying to fix its mistakes.
I feel the same too when I tried using generative AI like ChatGPT for my simple personal project. It might be good for solving known problems and finding answers to questions, but it struggles beyond that. Even when I feed it syntax / runtime errors I encountered it often stuggles to fix them.
I think the tech layoffs is mainly due to the high interest rates and post pandemic tech slowdown. Some of my former collegues also believe that remote / hybrid work convinced companies to believe they can outsource the jobs. I did remember training the India team on my modules that I owned before I got laid off while under the pretense that I would work on a new project. The only AI tool we ever used was one that would detect and show duplicate bug Jiras. The results were practically unreliable and often it's better to search for the duplicates by keyword.
not yet...it is in its infancy atm. Wait till generalized neural networks start learning at a exponential rate and inference ( connecting the dots, making educated guesses, eureka moments) start happening..it will be a watershed event in human history.
It won't take jobs for at least another 5 years or more. Most company layoff are in sectors that don't make money for the company. It's called "trimming fat".
@@Bradgilliswhammymanyh sure but tech isn’t the only industry that’s gonna suffer
More pay means more competition. You can always be replace by someone faster and younger.
Recently I had a tour of this luxurious builduing from the 19th century. It was owned by a wealthy business man that had a beer factory. The factory employees were so depressed that he created inside the builduing an "entertainment" room for his employees, where they can hang out after work, play games or watch shows. It had even a stage that is used to this day. Made me think how similar this is to the corporate office today and their game rooms and perks. I feel the more they offer things like this, the more their business is not etichal or causes depression to their employees.
If you are at a tech company, understand that a company will pump money in a certain direction for the company and that would include special projects and applications that would support that direction. If the direction of the company does not pay off, those applications and special projects are out when the company goes a different direction…that means layoffs. Most tech companies don’t believe in retaining talent by putting them in other roles because the pool of applicants could be huge, depending on their tech stack.
Remember when Joe told people to learn coding?
🤣🤣🤣
Make designer ice cream. That’s what Biden and Pelosi are buying.
Living in the UK tech hub i got so many friends that jobs working at Microsoft it never had "dream job" status to me. It was like the local construction company.
Really? Why?
@@sonderexpeditions They basically pay the local average... They set up offices all around the world mostly to reduce labor cost.
More layoffs please so that my stock could rise higher
take it easy, guy.
Our company doesn't have this big flashy rest rooms, game rooms or eating places. there is a tiny little "game room" with one TV, heart monitor equipment?wtf , table football and a sofa. That's it. The thing is i have never ever used that room or those things because i am too busy. I think those tech companies play rooms are also there for a decoration and none actually uses it.
I work for Amazon and trust me there's nothing good about working there. Multiple employees injured then released. Mandatory overtime even though they don't have enough work to keep people working for regular shifts. Hire you for one department then move you to others constantly. People with restrictions from doctors get accomodations approved then made to go against them. Terrible place to work
They hired the best minds to make AI and now AI is little by little taking over the very jobs the best minds they hired
AI is only as good as the data that is used to calibrate it
AI IS JUST GARBAGE DATA 😂😂😂😂😂😂 THAT'S NOT INTELLIGENCE AND IT IS HYPED TECHNOLOGY 😂😂😂
ai not taking job yet. This is all just trimming fat
Working for government has great reliability but crap pay
You eat crap?
The pay can be pretty good when people get promotions. The benefits, holidays, and retirement are also much better.
Tech is just going through a boom and bust cycle just like every industry before it. But at these FAANG companies lots of people are still bringing in $300k-$500k+ total comp. We're talking attorney, doctor pay here, without requiring a degree. The allure may have faded a bit but let's be honest money talks.
Turning down better jobs out of loyalty is the worst decision I have ever made in my career."
This revision maintains the clarity of your original statement while improving the overall structure.
The problem with getting into Big Tech is also the interview process is 7-8 rounds that can take several months before you might get picked up by a team. Some people have just given up trying to apply there.