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Where have all the laid-off tech workers gone?

economist.com

11–20 of 451 posts

Re: Where have all the laid-off tech workers gone?

#12
post #3

Man this is such an empty article basically answering no questions at all

A bit bland sure, but it's in there. They are going exactly where I expected them to: Companies that aren't considered tech companies, but have a need for software developers and engineers. From the article: Farming equipment, car industry, banking, insurers and retail.

These places have been struggling to hire for years, now they can finally fill those positions, or at least some of them.

Re: Where have all the laid-off tech workers gone?

#16
Side question, is the 3-4 months of severance pay cushioning a bit the impact to whatever micro-economy laid off workers would otherwise be affecting? We're not yet seeing the potentially worse effects yet until severance runs out? But I would hope that most laid off workers are able to find jobs in that time frame.

Re: Where have all the laid-off tech workers gone?

#18
We actually tracked every laid off individual from Google to understand the story behind the layoffs.

Here's the summary:

- 747 out of the 2,762 laid-off Googlers have since updated their profiles to indicate a change of employment status in the last 4 months since November 2022.

- Only 56.7% of these people joined a tech company.

- 1/3 of these ex-Googlers joined startups.

See the full blog post here: https://nubela.co/blog/1-in-3-ex-google-employees-in-15-bill...

Re: Where have all the laid-off tech workers gone?

#20

I can't find another job even with a FAANG background. The market is brutal. Maybe my only choice is to start a startup.

Could also be why you can't find a job. You may be too expensive, and they're looking for engineers in the sweet spot of cheap/can keep the machine running.
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