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I am wondering when will Amazon start the layoff process or that their practices are more economical and that they wont go this direction.
I would be surprised to see layoffs there.
Earlier quoted context omitted.
In the small central EU country where I live, that wouldn't even saturate the open programmer positions - just about 1/10 of it. I'd be very surprised if it saturated the US market in any measurable way. If anything this just means these people will be working on more different products, and that means more opportunities for even more programmers in the future.
While it might not saturate the US job market as a whole, it will saturate the parts of the local programmer market that can come even close to matching the sorts of salaries these people where probably paid. If they're willing to move to anywhere in the US and/or take a 50+% pay cut then they'll have no problem getting a job. If they all want to stay where they are and get paid within 20% of their current salary the…
EDIT: I mistakenly first wrote "each day" instead of "in each direction".
So, after Twitter and Meta layoffs there will be around 15,000 people looking for the job. In one moment. With other layoffs it can be counted over 20,000 people IMHO. Will this over flood the market and bring expectations and salaries down?
In the small central EU country where I live, that wouldn't even saturate the open programmer positions - just about 1/10 of it. I'd be very surprised if it saturated the US market in any measurable way. If anything this just means these people will be working on more different products, and that means more opportunities for even more programmers in the future.
> At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected. This is very similar to the Stripe layoff memo at https://…
Is this even true? I thought the monetary policy of the Fed (as a reaction to Covid) simply made investments cheaper.
I wonder why the two biggest recent layoffs were by the two largest (US-based) social networks, is this the end of an era? And where is all that advertisement money going now? As a side note, it's crazy to think that Meta stocks are currently -75% from its peak last year.
What's "ads signal loss"? Is that iPhone asking for permission to track activity across apps, causing less accurate ad placement?
So, after Twitter and Meta layoffs there will be around 15,000 people looking for the job. In one moment. With other layoffs it can be counted over 20,000 people IMHO. Will this over flood the market and bring expectations and salaries down?
In the small central EU country where I live, that wouldn't even saturate the open programmer positions - just about 1/10 of it. I'd be very surprised if it saturated the US market in any measurable way. If anything this just means these people will be working on more different products, and that means more opportunities for even more programmers in the future.
Quite a difference between this message and the one Twitter (i.e. Elon Musk) sent to its employees.
As much as people hate Mark Zuckerberg and accuse him of being a robot, he showed much more humanity in his message in respect to Ironman Elon.
Regarding Zuck being a robot. I don't think he's less human or less humane than regular people, but him and most (if not all) rich people are ditatched from reality, and have lost touch (if they ever had any) with the understanding of struggle and what people have to go though in their day to day lives. And the sad thing is they surround themselves with individuals that sheild them from criticism, and most likely even praise their mistakes and shortcomings.
I remember reading about a Muslim king or Sultan that had hired a guy to stand by his side and whenever a guest praises him, he would remind him of God, that he's nothing but a human, that he will be judged just like everyone else, and that he's not superior in anyway... Etc.
I agree. Two very different business responses between Musk and Zuck. I almost feel sorry for Zuck as we are witnessing meltdowns of two large companies in real-time. Musk just continues to dig his own grave… I feel bad for the ppl losing their jobs but that is a very generous severance package.
Huh?. Meta's growth has slowed, but they are a money printing machine. Earnings have gone down because of the enormous bet Zuck has made on the metaverse.
Twitter has been barely scraping by for years. The two companies are not really even comparable.