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.
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.