21–30 of 164 posts
And Meta has another round coming, soon the only thing left at the company will be data center staff. Apparently 20% to be laid off soon. https://www.reuters.com/business/world-at-work/meta-planning...
Surprised it took this long. I feel bad for the employees, but I can’t remember the last success they had. Metaverse, VR, throwing absurd money at AI and for what?
[dead]
Earlier quoted context omitted.
It’s the business cycle, mostly. During the pandemic, low interest rates drove a boom in risk investing that flowed downhill into tech company balance sheets. Of course everyone used the money to hire lots of developers and engineers - probably more than were needed for the business opportunity they were exploiting. I think AI is being used as an excuse for layoffs rather than the cause. Companies don’t have the cash…
There is never just one cause, but I do think AI is one of them. Not in some AI "dey took er jerbs" kind of way, but because businesses are turning their investment focus towards AI-related ventures, like building data centres, and away from investments that require tech workers. Non-residential construction jobs, for example, have surged.
Earlier quoted context omitted.
[flagged]
I’m down for that. There are so many “facilitators” in middle management, some really good and quite a few bad ones and many making no difference. I don’t know how people thought they were good positions to hire for. Remember before Covid many a company deadweight showing us the vast amounts of unwork they did at their companies on their YouTube videos? Proudly showing how idle they were? Not all the firings are dead…
If interest rates are 3.8%, the company needs at least a 3.8% return every year on your yearly compensation to justify your job.
[dead]
Earlier quoted context omitted.
And for how many more years are we going to be calling this a post-Covid market correction?
In a very real sense these are still ripples from the death of Franz Ferdinand.
If you can show that the death of Franz Ferdinand necessarily caused tech layoffs in 2026, I'll listen. I don't think you can, though.
AI as a real impact or more as an excuse?
Cutting layers of bureaucracy not replacing with AI
And Meta has another round coming, soon the only thing left at the company will be data center staff. Apparently 20% to be laid off soon. https://www.reuters.com/business/world-at-work/meta-planning...
Surprised it took this long. I feel bad for the employees, but I can’t remember the last success they had. Metaverse, VR, throwing absurd money at AI and for what?