What’s with these massive layoffs?

Bertie B

Hall of Fame
Corporate Greed.

recession doesn't show immediately across the board, but it's still clear that we're facing one. hopefully Nostradamus shook his crystal ball too vigorously and it's rather just a tempest in a teapot.

Nah, it's a real storm.

hopefully Putin will return to the table now that we are encouraging him with tanks.

What about Europe? The Empire cut EU off their supplier to be replaced with expensive North America stuff.... which mean NA customers will have to pay higher prices for their energy.
 

sureshs

Bionic Poster
I am hoping that some of the idiots that were involved in censoring get laid off.
Lol at the video below.

You mean the ones who did not allow fake election news from right-wing losers to spread and incite the public and stage a terrorist attack on the capital?

Maybe they were not good enough because gullible diots like you still got fooled.
 
You mean the ones who did not allow fake election news from right-wing losers to spread and incite the public and stage a terrorist attack on the capital?

Maybe they were not good enough because gullible diots like you still got fooled.
No, I mean the idiots who censored people like Jay Bhattacharya who is a professor of medicine talking about public health policy.
 

sureshs

Bionic Poster
No, I mean the idiots who censored people like Jay Bhattacharya who is a professor of medicine talking about public health policy.

The link is behind a firewall.

Anyways, it doesn't matter. I have seen videos of eminent doctors from across the world which proclaimed that there was no pandemic and that vaccines were ineffective. They got their moment of glory as being a contrarian, and the rest of the world which does not want to die went with safety guidelines and vaccinations. There is always a demand for intellectual-prostitute Professors who cater to the right wing. They include evolution deniers and racial and casteist apologists.
 

sureshs

Bionic Poster
Yes, way easier. They can just send an email or do it over Zoom/Teams chat. Out of sight out of mind.

Nothing wrong with that since all the work before was remote too. Do you expect the company to pay for the employee to come over for a in-person exit interview?
 

Purestriker

Hall of Fame
Nothing wrong with that since all the work before was remote too. Do you expect the company to pay for the employee to come over for a in-person exit interview?
Most of the folks being reduced are salary based employees so they are getting paid anyway. I don't agree with remote based work unless you are in the IT space. As remote employee you miss out on career development and or promotional opportunities. But if you can get it, get it.
 

sureshs

Bionic Poster
Most of the folks being reduced are salary based employees so they are getting paid anyway. I don't agree with remote based work unless you are in the IT space. As remote employee you miss out on career development and or promotional opportunities. But if you can get it, get it.

IT space does not have much to do with it these days as many jobs do not require anything more than an Internet connection.

I know of people who have been working remotely in sales, marketing, liaison etc long before Covid. If the supply chain requires meetings with clients all over the world, it does not matter where you are.
 

Purestriker

Hall of Fame
IT space does not have much to do with it these days as many jobs do not require anything more than an Internet connection.

I know of people who have been working remotely in sales, marketing, liaison etc long before Covid. If the supply chain requires meetings with clients all over the world, it does not matter where you are.
Sales folks have always been remote and quite frankly their not known for a strong work ethic. During the pandemic our club set records for the most golf rounds in a year (10X) and the majority of those folks were sales oriented. I have seen greater collaboration when teams are in a setting together vs. remote. Will be interesting to see if remote work stays the fad it is. Again, If you don't care about ever getting promoted then it is fine. But if you are not around your leadership at least occasionally, then they won't feel as comfortable promoting you.
 

sureshs

Bionic Poster
Sales folks have always been remote and quite frankly their not known for a strong work ethic. During the pandemic our club set records for the most golf rounds in a year (10X) and the majority of those folks were sales oriented. I have seen greater collaboration when teams are in a setting together vs. remote. Will be interesting to see if remote work stays the fad it is. Again, If you don't care about ever getting promoted then it is fine. But if you are not around your leadership at least occasionally, then they won't feel as comfortable promoting you.

I did not say remote work is good for the employee long term. I am just saying that the perceived advantages of onsite work are often offset by commuting time and other overheads which companies often don't realize.
 

Rago

Hall of Fame
"Good Management" nowadays is defined as a bunch that takes care of its shareholders. It has nothing to do with employee satisfaction.

And then, management wonders why they suffer from attrition.

You hire and fire like the employee is a piece of meat but act surprised when he puts down his papers. Ridiculous.
 

PistolPete23

Professional
I was part of the 20% that my startup cut. It isn’t a single dominant factor that caused the layoffs, but the unfortunate confluence of many factors into a perfect storm. What made it worse was that immediately letting us go, my company made C-suite hires. Lesson learned: No matter how educated and hardworking you are, you are still expendable. There is no such thing as job security in tech.
 

Azure

G.O.A.T.
I was part of the 20% that my startup cut. It isn’t a single dominant factor that caused the layoffs, but the unfortunate confluence of many factors into a perfect storm. What made it worse was that immediately letting us go, my company made C-suite hires. Lesson learned: No matter how educated and hardworking you are, you are still expendable. There is no such thing as job security in tech.
I am sorry for you. I know its horrible to be let go. After a couple of my colleagues were let go, I have become very cognizant of two things - always keep yourself updated (resume, skills, interview ready etc) and work only on projects that will allow you to add to your resume. Its never worth being too attached to your company. Its worth upskilling yourself in the time you get instead.
 

Azure

G.O.A.T.
Reset.
Why PAY for experience when newbie work for less? And expect less.
Well there is a reason why experience counts. You need people at mid management too. Senior leadership is far removed from todays technology and the newbies can only implement changes. However to guide newbies and to make meaningful changes you need the experienced guys. This is the reason people need to be upskilling all the time.
 

vokazu

Professional
The high tech bubbles are bursting, the employers are firing.

The tummies are bursting, stall twos are exploding.

It's really disgusting.
 

Azure

G.O.A.T.
Thankful I don't work for any one particular company.
Although the revenues are down due to less spending on streaming platforms.
I don't know what you do but I keep hearing this - "grow a steady second source", "do multiple gigs" etc. I am just not that talented and frankly think its easier said than done. I am fairly good at my job and anyone who rewards me (with good work, environment and money) commensurate with what I bring to the table is all I care about.
 

sureshs

Bionic Poster
I don't know what you do but I keep hearing this - "grow a steady second source", "do multiple gigs" etc. I am just not that talented and frankly think its easier said than done. I am fairly good at my job and anyone who rewards me (with good work, environment and money) commensurate with what I bring to the table is all I care about.

There are some guys here who have full-time tech jobs and also own 3 restaurants.

Problem is that usually the other people in their teams suffer because such people are very clever and find ingenious ways of doing minimal work and dumping the rest on others. I even know a person who is thinking of anonymously reporting a person like this to HR (for doing other work which interferes in office work).
 

Azure

G.O.A.T.
There are some guys here who have full-time tech jobs and also own 3 restaurants.

Problem is that usually the other people in their teams suffer because such people are very clever and find ingenious ways of doing minimal work and dumping the rest on others. I even know a person who is thinking of anonymously reporting a person like this to HR (for doing other work which interferes in office work).
Yes that is totally unfair. I can understand. Moonlighting is a major topic in India too.
 

sureshs

Bionic Poster
Yes that is totally unfair. I can understand. Moonlighting is a major topic in India too.

It works for jobs which are strictly time-based. The problem comes with other jobs which don't have well-defined time boundaries.
 
I don't know what you do but I keep hearing this - "grow a steady second source", "do multiple gigs" etc. I am just not that talented and frankly think its easier said than done. I am fairly good at my job and anyone who rewards me (with good work, environment and money) commensurate with what I bring to the table is all I care about.
I did not mean that lol. I am an independent data analyst who works for multiple companies, same profile everywhere. No multiple gigs etc. Just that I've not bound myself with one particular company. Doesn't mean everyone should be doing that, and neither did I ever suggest that.

And kindly don't be too harsh on yourself by saying those words such ad "I'm not talented" etc. you're a greatly talented, lovely, caring & generous lady.;):)
 

Azure

G.O.A.T.
I did not mean that lol. I am an independent data analyst who works for multiple companies, same profile everywhere. No multiple gigs etc. Just that I've not bound myself with one particular company. Doesn't mean everyone should be doing that, and neither did I ever suggest that.

And kindly don't be too harsh on yourself by saying those words such ad "I'm not talented" etc. you're a greatly talented, lovely, caring & generous lady.;):)
Sorry, I guess I misinterpreted. I thought you did two or more different jobs. Thanks :)
 

stringertom

Bionic Poster
There are some guys here who have full-time tech jobs and also own 3 restaurants.

Problem is that usually the other people in their teams suffer because such people are very clever and find ingenious ways of doing minimal work and dumping the rest on others. I even know a person who is thinking of anonymously reporting a person like this to HR (for doing other work which interferes in office work).
Eye wondurr howe well ewe nose this a nonnie muss snitch. Dew ewe sea hymn/her dayleigh win ewe looque inn the myrrh ore???
 
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