Whats the benefit of an announcement like this versus just laying people off? This has to be terrible for the productivity of the staff
You know in advance you should polish your resume and start looking for better alternatives maybe.
Bosch aims to cut 1,200 jobs in software division by end 2026
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Re: Bosch aims to cut 1,200 jobs in software division by end 2026
#22Whats the benefit of an announcement like this versus just laying people off? This has to be terrible for the productivity of the staff
It seems like most jobs will be cut in Germany, so employee representatives must be involved and there will be negotiations.
Re: Bosch aims to cut 1,200 jobs in software division by end 2026
#23How does one reconcile the numerous tech layoffs[0] with the fact that "US Jobless Claims Plunge to 187,000, Lowest Since September 2022"[1]? Is non-tech sector hiring making up for the tech losses? A chief US Economist is quoted: I would not take this result literally, but, at a minimum, it seems clear that layoffs remain quite low and are not trending higher in a meaningful way, he wrote in a note. From what I'm he…
I think there is a general vibes thing going on with the economy. Grocery bills and food (eating out) is still pricey which I think the population is extrapolating to the wider economy.
As for tech layoffs, it has to be said the 2022 hiring spree was not sustainable and some trimming was going to happen.
Also the recent layoffs have been very targeted, which probably would not have gotten the same attention if it wasn’t preceded by mass layoffs in 2023.
If the Fed Cuts arrive by May, it would end the doom cycle I hope.
Re: Bosch aims to cut 1,200 jobs in software division by end 2026
#24Earlier quoted context omitted.
At least in the US, the tech layoffs are highly concentrated in a particular part of the overall software industry. There are lots of companies (mostly ones who develop software for use in products, but the products aren't the software itself), and those are hiring as much as ever. Many struggle to fill positions, even. The job market for software engineers seems strong to me overall. I think the devs who struggle ar…
> I think the devs who struggle are mostly the ones who are trying to get hired by larger established software companies such as, but not limited to, FAANG. I had plenty of trouble, and I mostly interviewed at exactly those kind of small companies. I landed at least the first interview for a third of what I sent out (better than most, from what I've seen here on HN), and after going through the entire process what I'…
> I mostly interviewed at exactly those kind of small companies.
Not all of these sorts of companies are small. A lot of them are very large.
Re: Bosch aims to cut 1,200 jobs in software division by end 2026
#25How does one reconcile the numerous tech layoffs[0] with the fact that "US Jobless Claims Plunge to 187,000, Lowest Since September 2022"[1]? Is non-tech sector hiring making up for the tech losses? A chief US Economist is quoted: I would not take this result literally, but, at a minimum, it seems clear that layoffs remain quite low and are not trending higher in a meaningful way, he wrote in a note. From what I'm he…
There's tons of lazy freeloaders, dead-end projects, products that need to be cancelled, toxic underperformers, etc. All of these lead to layoffs, because firing individual people is harder, and it's nicer to just let people go in annual waves.
Re: Bosch aims to cut 1,200 jobs in software division by end 2026
#26As ICE cars takes up less market share and EV makers needing to develop their own vertically integrated software and hardware stack (GM Ultium / VW MEB /Hyundia-Kia E-GMP) which they use to differentiator from competitors.
They no longer outsource this functionality to likes of Bosch or Delphi.
Re: Bosch aims to cut 1,200 jobs in software division by end 2026
#27Earlier quoted context omitted.
Software devs are moving to other industries, which desperately need them.
What industries are we talking about?
>> What industries are we talking about?
Retail discount stores. There's a desperate need for guys to stuff the shelves at Carrefour and Target.
Re: Bosch aims to cut 1,200 jobs in software division by end 2026
#28The "article" merely consists of the headline and a photo, but I have to wonder if this affects their appliances. I was in the market for a new dishwasher, but after seeing that the "highly recommended" Bosch units require corporate surveillance for half their functionality, plus they still don't have a heating coil to dry dishes, I decided to just fix the leak in the old one. The racks are starting to fall apart and it doesn't dry dishes well either but at least it won't cost me a kilobuck for the privilege of hating it. So much for progress!
Re: Bosch aims to cut 1,200 jobs in software division by end 2026
#29How does one reconcile the numerous tech layoffs[0] with the fact that "US Jobless Claims Plunge to 187,000, Lowest Since September 2022"[1]? Is non-tech sector hiring making up for the tech losses? A chief US Economist is quoted: I would not take this result literally, but, at a minimum, it seems clear that layoffs remain quite low and are not trending higher in a meaningful way, he wrote in a note. From what I'm he…
Large sectors of the tech industry simply don't interact with the broader economy as a whole and was propped up by low interest rates and free VC money. Once free money went away, everyone realized they actually need to make money and couldn't just sit on a army of developers not doing much to make money. The economy as a whole is doing great according to pretty much every single measure.
> The economy as a whole is doing great according to pretty much every single measure.
What about inflation? Office vacancies (and the looming debt crisis)? The national debt and interest? Stagnant wages? Housing affordability? Low birth rate? Just to name a few.
Re: Bosch aims to cut 1,200 jobs in software division by end 2026
#30How does one reconcile the numerous tech layoffs[0] with the fact that "US Jobless Claims Plunge to 187,000, Lowest Since September 2022"[1]? Is non-tech sector hiring making up for the tech losses? A chief US Economist is quoted: I would not take this result literally, but, at a minimum, it seems clear that layoffs remain quite low and are not trending higher in a meaningful way, he wrote in a note. From what I'm he…
According to the U.S. Bureau Of Labor Statistics, there are approximately 1.8M software devs in the US. Layoffs.fyi shows about 8K layoffs this year, which is only about .4% of the total market. Crude calculation but telling.
https://www.bls.gov/ooh/computer-and-information-technology/...