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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.
Looks like the era of free money for decades and over-hiring had to come to an end. The correction and then crash of the market had bring everyone back to reality since the covid bubble had burst in November 2021 as warned back at the time. [0]
As I said before, no one is safe. Doesn't matter if your a FAAMNG company.
Amazon and Meta I can understand why. But why Microsoft and now Google? What positions were affected in Google? Just developers?
Earlier quoted context omitted.
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.
Interesting I am not noticing this in the UK, what part of tech do you work in?
(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 ?
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.
Can we update the title to let everyone know of the size: 12000?
Out of a total of roughly 140,000 employees (according to Wikipedia as of 2021). So a tad less than 10% of their workforce. Just thought I'd add that for perspective.
This week: Amazon 18,000 Microsoft 10,000 Alphabet/Google 12,000
it seem historically a quick fix for any CEO to bump the stock price is to make layoffs, and it seems to work. and i don't think any of those companies are strapped for cash
companies are the ones that decided to overhire, overpay - based on covid demand, cheap money that was floating around. companies not the market, resulted in a war over talent.
now it's a war on talent.
and of course everyone and their grandma will want to work at these tech companies where life is laid back and you get all the benefits and can express your political opinions.
but other big companies - say a tech company in the middle of nowhere e.g Epic - was paying good salary and not matching the faang / vc salaries. i'm sure those companies, if they didn't follow the herd ain't laying off people. their people are still employed, getting paid decent (enough). and work normal hours.