It would be nice if it included info on how many of the layoffs are technical people. I know of layoffs here in EU, but it was UX, product, etc. Seems like techies are still in demand.
Tech Layoff Tracker
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Re: Tech Layoff Tracker
#12"Bloomberg News is laying off nearly 100 journalists as it restructures its newsroom" Not really a tech layoff. Many more similar examples. Also counting companies rather than jobs doesn't make sense. And the job data is likely centrally collected on FRED.
Tech is a broad field. In news reporting, use of ML is ubiquitous at this point and many roles require strong technical background and development experience. Journalists are only a small part of the newsroom
Re: Tech Layoff Tracker
#13"Bloomberg News is laying off nearly 100 journalists as it restructures its newsroom" Not really a tech layoff. Many more similar examples. Also counting companies rather than jobs doesn't make sense. And the job data is likely centrally collected on FRED.
Bloomberg relies on a lot of tech and engineers. Maybe not the News arm, but it’s related enough to Bloomberg that it’s worth calling it a “tech layoff”
Yes, but in this case it explicitly says it is not a tech layoff. So the possible relevance is denied at source.
Re: Tech Layoff Tracker
#14"Bloomberg News is laying off nearly 100 journalists as it restructures its newsroom" Not really a tech layoff. Many more similar examples. Also counting companies rather than jobs doesn't make sense. And the job data is likely centrally collected on FRED.
Bloomberg relies on a lot of tech and engineers. Maybe not the News arm, but it’s related enough to Bloomberg that it’s worth calling it a “tech layoff”
Tech companies are like lewdness, we know them when we see them. I’m sure Maersk and Walmart rely a lot on tech and engineers, but no one is calling them tech companies.
Re: Tech Layoff Tracker
#15Snap got absolutely destroyed in the markets a few days back, so I just casually looked at some of their stats. They have 6000 (!) employees, a market cap of $20bln (after losing 40% of their value in a day) and a PE ratio of 53. There is such an inordinate amount of bloat in the tech sector that it boggles the mind. Money was being blasted at tech through a firehose of epic proportions. Once that stops, my gut feeli…
Way less than half the engineers are needed to keep the lights on.
Keeping the lights on isn't enough. You want to grow. You have competitors that will do more than keep the lights on to take your market share.
Re: Tech Layoff Tracker
#16Earlier quoted context omitted.
Bloomberg relies on a lot of tech and engineers. Maybe not the News arm, but it’s related enough to Bloomberg that it’s worth calling it a “tech layoff”
Tech companies are like lewdness, we know them when we see them. I’m sure Maersk and Walmart rely a lot on tech and engineers, but no one is calling them tech companies.
Does it matter? The relevant part (to most of us) is whether they're laying off engineers. Almost any company is a tech company these days
Re: Tech Layoff Tracker
#17It would be nice if it included info on how many of the layoffs are technical people. I know of layoffs here in EU, but it was UX, product, etc. Seems like techies are still in demand.
From many (most?) outside perspectives, technical product and UX are “technical people”.
Re: Tech Layoff Tracker
#18Snap got absolutely destroyed in the markets a few days back, so I just casually looked at some of their stats. They have 6000 (!) employees, a market cap of $20bln (after losing 40% of their value in a day) and a PE ratio of 53. There is such an inordinate amount of bloat in the tech sector that it boggles the mind. Money was being blasted at tech through a firehose of epic proportions. Once that stops, my gut feeli…
A lot of tech companies have a negative PE. In that context, a 53 PE doesn’t seem so bad.
Re: Tech Layoff Tracker
#19Snap got absolutely destroyed in the markets a few days back, so I just casually looked at some of their stats. They have 6000 (!) employees, a market cap of $20bln (after losing 40% of their value in a day) and a PE ratio of 53. There is such an inordinate amount of bloat in the tech sector that it boggles the mind. Money was being blasted at tech through a firehose of epic proportions. Once that stops, my gut feeli…
Way less than half the engineers are needed to keep the lights on. Keeping the lights on isn't enough. You want to grow. You have competitors that will do more than keep the lights on to take your market share.
what's the engineering to employee ratio at companies like snap?
Re: Tech Layoff Tracker
#20I’d argue that a number of these aren’t tech companies. No more so than any other companies who happen to employ developers. There are also a few, like Cameo, who can only exist in a boom economy. Still it’s terrible for the people who are losing their jobs.
Does it matter?