These are just excuses for cost reduction.

Recruiter

I'm using AI for most of my copywriting. For average, everyday copy, it's much better than a human. Far more efficient, more options, and error free. 
  
 Simple images, like showing a person at their desk working on a laptop, are easily generated by AI. But it's difficult to explain a concept. 
  
 One big reason for AI adoption no one is talking about yet is that we Indians aren't that good in English. We keep making small grammar and stylistic mistakes. AI resolves that entirely. 
  
 Same goes for code. Simple Ruby/JS is MUCH better in Chatgpt than a developer. There's better formatting, comments, and code quality.

Growth Manager

That's not totally untrue. In the near future people won't be replaced by GenAI, people will be replaced by people using GenAI

Consultant

Lol using jargon words you want to get cheap labour.

Security Engineer

Welcome to Business Roles's Private Community

Brace for the impact: Jobs at severe risk

Software Developer

Brace for the impact: Jobs at severe risk- Grapevine

Welcome to Software Engineers's Private Community

Do you agree?

The storm is not AI.  
 It's the uncountable number of fresh graduates standing behind you to do the same job.  
 But due to AI and online resources the gap between you and them is very small. 
  
 And companies have realised that they can always cull the herd and still an infinite number of near qualified people are ready to step in. 
  
 And it will slowly spiral to the bottom.

Founder

Software Engineer

Looking at the recession news and worry some layoffs, is it a right time to look for job switch ?? Need suggestions please.

Data Scientist

Welcome to News Discussion's Private Community

OpenAI published a paper on whose jobs are most under threat 🫣 https://t.co/WZbnoEpI8k

ric.eth on Twitter

Jobs under threat published by openai

According to a report, Amazon will be terminating 10,000 jobs starting this week, which represents less than 1% of its 1.5 million global employees and around 3% of the company's corporate staff.

Amazon to layoff 10,000 employees

Welcome to Indian Startups's Private Community

Figure out if your startup may get in trouble or not.

Go to the link below 

If yes, go get a confirmation from him of the money 💵 is stuck

https://www.ycombinator.com/blog/urgent-sign-the-petition-now-thousands-of-startups-and-hundreds-of-thousands-of-startup-jobs-are-at-risk below and find if your founder has signed for petition

SVB impact

Product Manager

- The American labor market has cooled, making job searches harder despite low layoffs.
- Joovay Arias, a software engineer, faced a year-long job hunt after being laid off by Spotify.
- Job openings have dropped by more than a third since March 2022, with temp jobs declining.
- High interest rates have led to layoffs in tech and finance, pushing experienced workers into the job market.
- Recent graduates and entry-level job seekers are struggling to compete with experienced candidates. 

 Source: [Associated Press](https://apnews.com/article/jobs-hiring-layoffs-employers-workers-labor-employees-7e080c656c58b2815653a706c2abf851)

US Job Market: Secure Jobs but Tougher Job Hunts

Journalist

Is there any layoffs coming this quarter from Meta, Amazon, Apple, Google, Microsoft?

Is there any layoffs coming up in Big Techs?

Program Manager

Any chance of layoffs in swiggy in the technology department?

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

PAYTM Payments Bank essentially asked to shut shop. 

Afaik here are the few implications
1. Stock market will react in a bad way to them
2. Worst affected are going to be FasTag users who bought from PayTM.
3. No deposits / credits allowed in any account. Withdrawal is allowed. 
4. UPI not allowed after Feb

Paytm gets a shock from RBI

That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.

https://www.sfchronicle.com/tech/article/apple-tech-layoffs-19386392.php

614 Layoffs @Apple

Engineering Manager

Current recession giving ‘08 vibes to consulting companies in India:

- Accenture Strategy considering layoffs
- Deloitte (Consulting) considering layoffs 
- Mckinsey - already have done non-consulting layoffs
- MBB - expected to push out joining dates for new hires by at least ~6 months (most likely new joiners who were expecting to join in July-Aug 23’ to join only starting Jan 24’)

Slow pace of new projects, ramp down of existing big clients, massively over hiring in 2022 (key reason) has led to most people being on the bench.

Wouldn’t be surprised if the ‘Up or Out’ model comes into action more aggressively for the upcoming appraisal review cycle(s).

Brace for impact!

(all unconfirmed, heard through ‘grapevine’)

Consulting layoffs

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.

The markets are savage, Spotify trading at 8% higher after laying off 17% workforce

IT Job Scenario- Worsening

Welcome to Office Gossip's Private Community

Hi 
Working in a gaming company, about to complete 1 year and appraisal in upcoming months
Feared about new GST implications that company will sustain or not. If yes then what percentage of hike I will expect and it's worth it to stay in such industry

How much hike will expect

A lot of noise around AI taking coding jobs, which i fear might be real. Like not completely but you get my point. So how should one upskill themselves (especially the average folks, top 1/2% will not be affected in any field imo) for the upcoming shift? Like will data analytics/science or maybe ai/ml engineering jobs be on rise ? Should be start upskilling in those fields or any other suggestions? I would really like to know it from someone who has good experience in the industry or someone with good insight. Thanks

Jobs which will be created /not impacted by AI

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

https://m-economictimes-com.cdn.ampproject.org/v/s/m.economictimes.com/tech/technology/accenture-to-cut-19000-jobs-trims-forecasts/amp_articleshow/98943110.cms?amp_js_v=0.1#webview=1&cap=swipe

Accenture Layoff

Business Development Manager

I feel at the pace AI is advancing, most of us will be unemployed. The uncertainty is making me anxious, any help appreciated :)

Anyone else feeling scared of AI induced unemployment ?

International Business News: IT services firm Accenture Plc on Thursday said it would cut about 19,000 jobs and lowered its annual revenue and profit projections as mass firings a

Brace for the impact: Jobs at severe risk

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