this post was submitted on 15 Feb 2024

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364

It’s a dark time to be a tech worker right now (finance.yahoo.com)

submitted 1 year ago by [email protected] to c/[email protected]

150 comments fedilink hide all child comments

It’s a dark time to be a tech worker right now::Nearly 300,000 tech employees have been laid off since last year, data shows.

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[–] [email protected] 56 points 1 year ago (13 children)

Sorry everyone, I made the mistake of trying to better myself and get out of this blue collar hell hole existence I live in and started learning web development last year. Naturally this has to happen then lol

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[–] [email protected] 31 points 1 year ago (4 children)

1k job applications since June I'm ready for the inevitable end

[–] [email protected] 28 points 1 year ago (1 children)

700+ applications and multiple recruiting companies later and still only 3 interviews since May. With almost a decade of software development experience. It's actually a little reassuring that I'm not alone here and it's not just a problem with me. Best of luck in your search friend!

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[–] [email protected] 16 points 1 year ago

And seeing what mass copyright infringement corporation OpenAI just dropped we can expect it to be a million more by the end of the year.

[+] [email protected] 10 points 1 year ago* (last edited 1 year ago) (2 children)

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[–] [email protected] 4 points 1 year ago (2 children)

Because the economy has added more than 300k jobs in 3 single months over the past year. If you go back to the beginning of 22, that number goes up to 9.

While 300k jobs sounds like a big number, represents a small fraction of our economy. It doesn't even account for 0.2% of total employment. And that's over a year.

That being said, I'm glad I snagged my job when I did and that I'm being treated like I'm excelling at it.

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[–] [email protected] 25 points 1 year ago (1 children)

Unemployment is at record lows. Some sectors are hiring a lot more people than the tech sector is shedding. It’s not really complicated.

Job sectors come and go, grow and shrink. Imagine how silly I would sound if I said: “there is almost no work for horse cart builders but the gov says that unemployment is at record lows, how can this be?”

[–] [email protected] 3 points 1 year ago* (last edited 1 year ago) (2 children)

Edit: Gonna try being less upset about some things.

[–] [email protected] 4 points 1 year ago (2 children)

You should try not being so angry and offended all the time.

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[–] [email protected] 61 points 1 year ago (1 children)

Dotcom bubble. 2008 crash. Covid. Now this.

We've all been through these. Buckle down. Ignore the outliers. It's a chance to rethink and do what matters to you.

Also, ALWAYS have a Plan B, C, and D.

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[–] [email protected] 55 points 1 year ago (8 children)

Interesting trend in the comments - technology veterans who went through the dotCom crash have quietly moved to union jobs, and aren't sweating this iteration.

Worth keeping in mind.

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[+] [email protected] -8 points 1 year ago (1 children)

Speaking of copycats, I have a feeling this all might have started with Elon showing Twitter "can do the same with less."

[–] [email protected] 17 points 1 year ago (1 children)

You think Twitter is the same as before Elon took over? ಠ_ಠ

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago) (4 children)

To an MBA educated exec, it might look the same.

[–] [email protected] 3 points 1 year ago (1 children)

To an MBA educated exec, it might look like a roughly $30 billion dollar loss in value. But I can tell you're not educated because the real issue is advertiser and user numbers dropping at an alarming rate.

[–] [email protected] -2 points 1 year ago* (last edited 1 year ago) (3 children)

You can tell eh? 😂 Now consider the point of view that you can do the labor trimming without the additional massive mismanagement by Elon. Could that perhaps cause fewer advertisers and users to flee, could perhaps the cost savings vs lost revenue balance positively even if the service quality has decreased by some margin?

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[–] [email protected] 7 points 1 year ago (1 children)

Even an MBA educated exec can read the stock price trend... But I guess I'm making the "no one is that stupid" argument... And I know in my heart I'm on the wrong side. Somehow, some executives absolutely are that stupid.

[–] [email protected] 1 points 1 year ago

I mean, the signs were there, Elon wasn't exactly silent about his plans for Twitter and investors gave him a lot of money to proceed. Clearly there is plenty stupid.

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[–] [email protected] 133 points 1 year ago (4 children)

It's a dark time too be right now.

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[–] [email protected] 26 points 1 year ago (8 children)

Learn plumbing, poo will always flow.

[–] [email protected] 4 points 1 year ago

You sure? We don't always have to poop in the toilet.

[–] [email protected] 11 points 1 year ago

Sounds like a shitty job.

...I'll see myself out.

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[–] [email protected] 71 points 1 year ago (1 children)

When it was a dark time for the empire the shogun cut off the heads of 141 lords... Maybe we should start there.

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[–] [email protected] 104 points 1 year ago (1 children)

Executives: We’re doing more with less!

grinding, screeching noises coming from the engine room

Executives: Better profits! Lower costs!

[–] [email protected] 37 points 1 year ago (1 children)

grinding, screeching noises coming from the engine room

To be fair, those are the normal TARDIS sounds.

On the other hand, Dr Who doesn’t have an engineering or SRE staff.

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