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Google to reduce workforce by 12k

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Re: Google to reduce workforce by 12k

#3
(Question): Are all major tech companies doing this when everyone else is so that they face less backlash for it ? Also what about the news of companies having record profits during pandemi. Were they false/fake too ?

Re: Google to reduce workforce by 12k

#4
Question for those who got laid-off from tech recently (say since Aug last year): how hard did you find it to get another tech job?

Would be interesting to get some anecdotal evidence to shed light on the following WSJ article which claims laid-off tech workers are finding it easy to get re-recruited:

https://www.wsj.com/articles/laid-off-tech-workers-quickly-f...

If the phenomena described in the WSJ article is true then the consequence to the macro environment could be substantial and not in a good way. Basically the fed will probably need another round of hikes to really bring down unemployment to bring down core inflation. Since it would imply that (ironically) the recent fall in unemployment is "transitory" and not sufficient to bring down inflation.

Re: Google to reduce workforce by 12k

#5
post #4

Question for those who got laid-off from tech recently (say since Aug last year): how hard did you find it to get another tech job? Would be interesting to get some anecdotal evidence to shed light on the following WSJ article which claims laid-off tech workers are finding it easy to get re-recruited: https://www.wsj.com/articles/laid-off-tech-workers-quickly-f... If the phenomena described in the WSJ article is true…

Not been laid off myself, but I'm still being absolutely hounded by recruiters. There are still a ton of tech jobs out there, at least in the UK.

Re: Google to reduce workforce by 12k

#7
post #3

(Question): Are all major tech companies doing this when everyone else is so that they face less backlash for it ? Also what about the news of companies having record profits during pandemi. Were they false/fake too ?

layoffs aren't only when profits plummet, they are when stock prices must rise because of some bonus package
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