Top management kaise paalenge sugar babies then

Program Manager

System Engineer

Just a few years back we saw an IT boom like never before and now we are seeing a stunning reversal. Layoffs and business slowdown along with uncertainty due to AI. Is the IT bubble about to burst?

Welcome to Software Engineers's Private Community

Absolutely sad scenes in Tech

Analyst

Absolutely sad scenes in Tech- Grapevine

Why Tech Layoffs are Still Continuing ?

How long will it take to recover from recession?

Mostly businesses are out of India and IT engineers are in India due to which in India also layoffs are continuing so how to get rid off?

Is AI playing major role in layoffs or its due to recession?

As a support engineer what should be the next career path should take like DevOps , Development or Management etc.

When does IT recession get stable again ?

Support Engineer

Welcome to Office Gossip's Private Community

Looks like Ai and automation are killing jobs in IT

Product Manager

When the market will stable , when this layoff period will go away ? Any thought 🤔

When this layoffs time will go away .

Software Engineer

With big corporate giants like Google, Apple, Bain, Tesla, Amazon etc. laying off staff in the name of cost reduction, automation&innovation and restructuring while at the same time tech companies like Accenture not awarding any yearly hikes to professionals for 2 consecutive years now, where do you see the IT/Tech/Consulting industry heading towards in next couple years down the line? By when is the market expected to revive? Which companies are still committed to ensuring job security along with high pay standards or is that a thing of the past? Please enlighten me😊

Layoffs everywhere?

Senior Consultant

Welcome to News Discussion's Private Community

2001 was a Dot Com collapse.
2008 was a banking collapse that hit IT too.
This year first it was the Tech companies and now its the Banking, Financial Sector that is getting hit, making it the worst of all recessions.
And its expected to get worse with Fed likely to hike up interest rates.

Its like this year we are having the worst of both 2001 and 2008.

Tough times ahead

Welcome to Indian Startups's Private Community

I work in a slowing industry (Ed-Tech!) in a generalist role (Project Management!) for half a decade now! You'd think I would be better positioned to deal with life! Heck, NO! 

This crippling feeling of insecurity or job loss always puts an extra stress on day to day life. I couldn't take any risks in terms of a house or a car or a big EMI purchase in life! 

What if I get laid off? Will this generalist role help in landing anything next? Do I need an MBA for that? Switching to any specialized roles will take extensive preparation with time being in short supply with family and kids! 

Seem to have been strangled in the startup world. Any cure for this?

P.S : Sometimes thinking : Mommy sahi bolti thi. Govt job le leni chahiye thi. :D

How to get rid of layoff fear and feel secure?

Project Manager

The economy went down? Yes. Did it affect all kinds of companies? Yes

Did the banks fire any one? No 
Did the Railways fire anyone? No 
Did the media agencies fire anyone? No 

Did Large Tech companies and IT fire people? Absolutely yes 

Tech is the most ruthless-stupid sector that is so flimsy and short sighted that it doesn't care jack-shit about employees

Tech companies will pay employees large salaries in a heartbeat, they'll hire 1000s of them and then fire 100s of them in a heartbeat destroying careers. 

Sigh!

Tech has failed to be a good employer; Layoffs are just one example

Not the way it works. 
It's a function of how fast an industry grows -> The faster it is, the more you have to hire in advance, because you know if the pace continues, you'll need as many. 

Railways needs 5K people this year, they need 5K next year
Google needs 5K people, they need 7.5K next year (if things continue) 
At startup needs 500 people today, it needs 2000 next year (if pace continues) 

So when the pace does not continue, the impact is equally drastic.
Startup fires 25-30%
Google fires 5-10%
Railway fires no one.

Corporate Strategist

Growth Manager

Today, the markets have been bleeding across USA, Japan, India due to number of reasons contributing to it. War between iran- Israel, unemployment rate in USA going up, increase in interest rates in Japan which led to the worst decline of their stock markets in history. 
We were thinking that since now openings are coming up, situation could improve. Will the situation get worse from here in the upcoming days or is it too early to say?

Markets bleeding- Sign of recession and less job opportunities

Data Scientist

Welcome to Gadgets & Apps's Private Community

We used to have so many cool concept designs for products, many of them were actually useful, many seemed within the reach of possibility and many even made it to prototypes to be showcased at tech conventions. What has become of them since? Where have these exciting things ended up? Worse part is no one even thinks of cool stuff anymore, a decade ago you could see all these cool renders of "technologically advanced" gadgets online but that seems like a forgotten art these days.

What happened to the future that has become the present?

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

LinkedIn Layoffs India

(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell your equity if its value is rising -> (4) Hire a lot of people again so that you can repeat this cycle again to profit

Software Developer

Welcome to IT Company Discussion's Private Community

SILENT LAYOFF  , At one point of time, a sense of fear triggers within myself too , when I  look around and witness drastic and dynamic changes in the IT landscape ever since the emergence of GEN AI ,ML,AL etc  and now it's Silent layoff 

Fear not, IT fam! The tech world's a whirlwind (AI, ML, the whole alphabet soup!), but instead of freaking out, let's fuel our curiosity!

Upskill, get certified, become a domain DOMINATOR!  Staying relevant is key, so let's stay curious and explore the possibilities.  What are YOU doing to stay ahead of the curve?

I would prefer and encourage others  to  stay observant and stay curious , as a curious mind adds fuel or its a brewing energy  to explore possibilities and opportunities. Stay relevant by being certified and upskilling.

How are you preparing yourself to cope up in future  and align your pace with trending technology ?

SILENT LAYOFF

Product Marketing Manager

https://www.peoplematters.in/amp-technology-tech-hiring-to-surge-across-industries-report-41274

Tech Boom Coming

Do we still have the impact of recession in the IT market?? If yes, can we see any improvement in the situations in near future?

Associate Consultant

More than 200,000 tech workers have been laid off in the U.S. between November 2022 and January 2023

Less revenue for US Companies -> Less revenue for IT Outsourcing -> More employees on PiP -> Layoffs 

Is this cycle right or am I missing something?

US Recession and Indian IT Service Companies Layoffs [Assumption]

Yes there are abstract answers but can someone please clarify how to and what to do, also layoff fear is all around us. Please drop your valuable advice.

Thanks in advance.

AI will replace techies, So what to do?

Investor

These Big Tech companies like Microsoft, Google, Meta, Amazon, Apple, Salesforce were  the dream jobs, dream workplaces, you know if you got into that, your life was settled, you had arrived. Cool workplaces, high salaries, onsite assignments, basically Big Tech employees were the cream of the IT employees.

But last couple of months, feel that the Big Tech aura has somewhat come down. Layoffs are inevitable in Tech world, but the rather clumsy way these companies have handled it rankles. Employees working from long, fired over zoom calls, emails, access disabled. I honestly did not have much expectations from the Desi service companies, having had experience of their terrible work culture, but expected much better from the Big Tech ones.

I think people will still keep aspiring to land a job in the Big Tech firms, but that aura is no longer there.

Do the Big Tech companies still have that same aura after all the mass firings.

Tech is slowly realizing that Elon was right and a huge amount of overhead is not necessary to grow these companies when you actually manage teams properly.

Absolutely sad scenes in Tech

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