21–30 of 44 posts
Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…
Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…
Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…
>Opendoor: "the most challenging real estate market in 40 years” Didn't the subprime mortgage crisis happen in 2007? The current situation is worse than that???
For a home owner selling and a realtor, the realtor likely has to compete to earn business but they are a third party to the transaction.
A pundit pointed out that in several cases, the tech firms laying off have returned to their employee size of 1 year ago and that there are still many jobs available in the industry. Have you seen articles on how long people are taking to find their next job and if they are better off?
It's hard to understand if this is actually related to layoffs based on larger market forces, or just a once a year house cleaning. I've worked at places that laid people off once a year. It's a common way to give managers a way to get rid of under performing employees without the hassle of going through a PIP. The manager gets rid of a bad fit, the employee gets some severance, so both sides get something. But since…
I mean it doesn't matter in the sense if those laid off can't find a job easily. The numbers are starting to build up.
Another reason to favor worker-owned co-ops rather than publicly-traded companies.
Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…
>Opendoor: "the most challenging real estate market in 40 years” Didn't the subprime mortgage crisis happen in 2007? The current situation is worse than that???
I think it's worse considering the inflation in food and gasoline. A 6 pack of beer at the grocery store is $10 now. 1 L of carrot juice is $6. It's unsustainable especially considering how wages barely moved for anyone. I don't see how people are getting by.
Earlier quoted context omitted.
I mean it doesn't matter in the sense if those laid off can't find a job easily. The numbers are starting to build up.
The thing with people getting laid off is I think many of them are in the position where the only place they would fit in is a mega tech corp. And since all the mega tech corps are doing layoffs, it really doesn't seem like it's going to be that easy for them to find a job. For example, if you've been working on a database system for 8 years, there aren't that many companies that need to develop their own internal da…
I saw the dot com crash up close (wasn't laid off, but I saw the people who were recently laid off in the local pub with a pager that wasn't buzzing next to a pint glass... or the guy with a masters working the late shift at Blockbuster). When the housing crash came with its recession and layoffs, I was part of that.
If I had done a "I want to keep living in SF and maintain my big tech standard of living in an expensive city" it would have been difficult since there were thousands of other people who had that same idea.
Instead I moved to the midwest and got a job working in the tech department of a retail company. I did not have too much difficulty finding that job.
I've since switched to public sector and that job was not hard to get either (and for those who have applied, we've hired every competent dev who has shown up in the stacks of resumes - as this is public sector, not many apply).
There are a lot of jobs out there. Pull up https://careers.walmart.com and go to 'technology' and follow it from there. Hundreds of open positions.
If one moves away from expecting that the median job is the big tech job in SF or one that they can get remote... there are a lot of jobs out there.
However, from many that I've see on tech career sites, the mere thinking of getting a job at Wallmart is beneath them. That SRE with 1k k8s clusters? https://careers.mcdonalds.com/global-corporate/jobs/40600010... or https://careers-chickfila.icims.com/jobs/12125/lead-site-rel...
Phraseology: Roku: “Current economic conditions” Cisco: "rebalance across the board" Amazon: "unusual and uncertain macroeconomic environment” Disney: “a targeted hiring freeze” Meta: “macroeconomic downturn” Salesforce: "performance issues” Stripe: “stubborn inflation, energy shocks, higher interest rates, reduced investment budgets and sparser startup funding,” Opendoor: "the most challenging real estate market in…
Seagate technologies: "global economic uncertainties"
Philips: "worsening macroeconomic environment"
Microsoft: "valuate our business priorities on a regular basis and make structural adjustments accordingly"
Intel: "sudden and rapid" economic decline
Twilio: workforce grew “too fast” and “without enough focus”