There will definitely be more, especially as the economic situation in the US continues to worsen. Big tech works under the unsustainable model of unlimited growth, and even if profits increase, if they don’t increase “enough” they lay off workers. They could save a ton of money by laying off execs, but they’ll never do that.
I’ve found layoffs.fyi to be pretty up to date with tracking how many people are laid off in the tech sector. It’s no wonder that it’s nearly impossible to find a job in tech, and these execs and boards are to blame.
I’d be lying if I said I hadn’t considered a career change, not because of the work itself but because I’m exhausted from worrying about if I’ll have a job to pay the bills tomorrow. The only thing stopping me is that I have no idea what I’d do otherwise.
I have a question. Everyone keeps speaking of the “tech” sector. Does that only refer to IT or does it cover engineers as well? Because in Europe it seems they keep struggling to get enough people with IT knowledge into engineering projects.
is it still hard? even with layoffs, people can get some jobs, eventhough not as high as income as before.
cant say the same for other stem industries, where its already very difficult to get a job in the field prior to even the pandemic. im guessing with all the funding being cut from the sciences , universities might be suffering as are biotech jobs(which are limited and gatekeeped on purpose)
It is, at least in my experience. Further, my recently laid off colleagues have been trying to find work for months, some of whom have been applying for jobs that would require pay cuts, with no luck.
Pretty much every job listing in the tech space gets hundreds if not thousands of applicants because the layoffs have not stopped for three years. You can see what I mean at layoffs.fyi. In tech, 60,000 so far this year, 153,000 in 2024, 264,000 in 2023, and 165,000 in 2022.
That’s not even counting those that graduated in the last couple of years. Those people are in an extra bad spot because they have a large amount of college debt with no way to make their payments.
All of STEM is suffering because of corporate greed and rising anti-intellectualism.
All of STEM is suffering because of corporate greed and rising anti-intellectualism.
How do I say that even … it’s normal. When you are talking about infinite growth being unsustainable, that means that at some point the industry should implode.
They have sort of an oligopoly and stagnation now, which is why all these layoffs happen - the “AI” solves some problems cheaper than people, even accounting for the worse results.
But if we imagine the industry suddenly destroying that oligopoly and becoming interesting again, it still would require less people.
oh yea, i feel sorry for HS and recent grads, especially people in CS, i known about cs problems for a decade. most graduates from my non-prestigious state school are mostly CS majors, and they all complained about the lack of jobs. Biotech is just wierd in general difficult to get in the first place, and mostly a catch-22 situation(the experience is the jobs that already require experience in the entry level jobs)+ the coveted research experience some people are lucky to get in thier undergrad, typically via publish in a science journal, which is pretty much a big deal. i assume this alsos imilar to other schools, space for lab is very limited for each professor, and PI tend to be very stingy of who they let in thier lab.
My bro was laid off in 23, his degree was a wierd hybrid of some programming and tech related, so he dint find a job for a whole year, then landed a very high income job early last decade, until '23, and he hasnt found a job since after the layoff, and is living off of the severance, he hasnt shown interest in finding another job though. my other bro is still in his tech job luckily, they hadnt done massive layoffs yet.
I’ve been heavily considering a career change. I’m in government, so on top of the DOGE bullshit, I can’t even look to the private sector for reprieve because tech layoffs have been insane for over 3 years.
There will definitely be more, especially as the economic situation in the US continues to worsen. Big tech works under the unsustainable model of unlimited growth, and even if profits increase, if they don’t increase “enough” they lay off workers. They could save a ton of money by laying off execs, but they’ll never do that.
I’ve found layoffs.fyi to be pretty up to date with tracking how many people are laid off in the tech sector. It’s no wonder that it’s nearly impossible to find a job in tech, and these execs and boards are to blame.
I’d be lying if I said I hadn’t considered a career change, not because of the work itself but because I’m exhausted from worrying about if I’ll have a job to pay the bills tomorrow. The only thing stopping me is that I have no idea what I’d do otherwise.
I have a question. Everyone keeps speaking of the “tech” sector. Does that only refer to IT or does it cover engineers as well? Because in Europe it seems they keep struggling to get enough people with IT knowledge into engineering projects.
It’s mostly software, but somehow no one calls it that. It’s weird.
is it still hard? even with layoffs, people can get some jobs, eventhough not as high as income as before.
cant say the same for other stem industries, where its already very difficult to get a job in the field prior to even the pandemic. im guessing with all the funding being cut from the sciences , universities might be suffering as are biotech jobs(which are limited and gatekeeped on purpose)
It is, at least in my experience. Further, my recently laid off colleagues have been trying to find work for months, some of whom have been applying for jobs that would require pay cuts, with no luck.
Pretty much every job listing in the tech space gets hundreds if not thousands of applicants because the layoffs have not stopped for three years. You can see what I mean at layoffs.fyi. In tech, 60,000 so far this year, 153,000 in 2024, 264,000 in 2023, and 165,000 in 2022.
That’s not even counting those that graduated in the last couple of years. Those people are in an extra bad spot because they have a large amount of college debt with no way to make their payments.
All of STEM is suffering because of corporate greed and rising anti-intellectualism.
How do I say that even … it’s normal. When you are talking about infinite growth being unsustainable, that means that at some point the industry should implode.
They have sort of an oligopoly and stagnation now, which is why all these layoffs happen - the “AI” solves some problems cheaper than people, even accounting for the worse results.
But if we imagine the industry suddenly destroying that oligopoly and becoming interesting again, it still would require less people.
oh yea, i feel sorry for HS and recent grads, especially people in CS, i known about cs problems for a decade. most graduates from my non-prestigious state school are mostly CS majors, and they all complained about the lack of jobs. Biotech is just wierd in general difficult to get in the first place, and mostly a catch-22 situation(the experience is the jobs that already require experience in the entry level jobs)+ the coveted research experience some people are lucky to get in thier undergrad, typically via publish in a science journal, which is pretty much a big deal. i assume this alsos imilar to other schools, space for lab is very limited for each professor, and PI tend to be very stingy of who they let in thier lab.
My bro was laid off in 23, his degree was a wierd hybrid of some programming and tech related, so he dint find a job for a whole year, then landed a very high income job early last decade, until '23, and he hasnt found a job since after the layoff, and is living off of the severance, he hasnt shown interest in finding another job though. my other bro is still in his tech job luckily, they hadnt done massive layoffs yet.
I’ve been heavily considering a career change. I’m in government, so on top of the DOGE bullshit, I can’t even look to the private sector for reprieve because tech layoffs have been insane for over 3 years.
By “Big tech” I think you meant “capitalism”
Sure, it’s just even worse with big tech.
Not every company under capitalism is publicly traded with shareholders to answer to.