Where Are Laid Off Tech Employees Going? | The Rise of Tech Layoffs

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It seems like it's best to work for local company. I was working for a payment processor and they are sending jobs to india. Most of the employees are from India now as well. Hardly see any US born citizens at the office anymore. I got laid off 2 months ago. There are 2 things I have learned in this:

1. The older languages on the mainframe Aseembler and cobol are not going anywhere. Learn those old languages. Still millions of lines of code out there for those languages. They can always find a java, python, C# programmer. But they cannot always find an assembler or cobol programmer and they throw money at you if you know those.

2. Find a company that's local. The IT team will be alot less like 10 to 20 people but if it's local they are less likely to send jobs overseas.

Even internal transfer, some girl approached me and told she wanted to go into cloud. I wasn’t impressed with when she worked for me. Just having a few basic certificates is not sufficient. Not knowing that we’ll just tell me how little she understand about cloud

Outsourcing has always been an issue for American workforce. First was india, then philippines, now its Thailand or Vietnnam.

Situation in UK is no better, its been an employer driven market for over a year with no end yet in sight. Salaries are eroding, jobs are being lost to offshoring yet we still keep being flooded with bootcampers hot of the COVID hype boom. Nobody knows if this is a permanant thing or a bad period we will overcome which makes planning for your career difficult.

Still here. Waiting to come back. Making plan B, plan C, and plan D

My American company layoff many coworker and start investing international and hire international. Making me so mad.

As for me (I was a junior software engineer in Poland), I heard that there is a trend in the West for tremendous lack of blue collar specialists, so I started up a second specialization - and became industrial welder. The job is tough as shit (was especially at the beginning) but I get to pay the bills and buy food, so I'm buying time and continue to send resumes for IT. By gaining exp as welder it's possible I will move to more profitable place in some time if there's no place in IT.

funny thing that openAI is really non-profitable company, they got investors money, but profit is quite low to compare with operation cost.

Tech workers: welcome to the real world.

this was a perfect explanation of whats going on in the moment, 10/10. So true, i feel all this as an aspiring tech job pursuer, tech job opportunities are not as glamorous as it seems

For
Hot girls, they went towards only fans. The farmer boss is paying for them.

Great video that gives deeper-than-superficial insight and answers questions than many other videos out there in the recent days that are simply skewed towards a general feeling of despair/outrage. 10/10, +1 subscriber

its the reckoning for all these woke nerds

been contracting, cant find fte. all indians. bad quality, lack of experience but they are cheap. its bad if your tech. and they all cut and past code and use springboot. total crap, defects in code, etc.. but they are cheap.

Newer generations are going to do more and payed less.

Sad to realize after all that college and debt they train out of country for a few months and make the USA graduate train them. College is a scam

This layoffs are happening in India also and in very unethical way. Kind of silent layoff or in the name of PIP. every company is asking for experienced AI engineer but AI is new in companies and candidates are not getting training as well as chances to work on these kind of projects. So how they will get experience in ai. IT job market is going through a bad situation with full of uncertainity. Companies are cutting roles increasing burden on already fully occupied team........

They're still in tech, just on the user end driving Uber and delivering Door Dash.

Free AI developers are low cost

Now retired I've been through 4 plant shut downs. I was highly skilled labor. Each time I had a new job in a matter of days. Each time we had to move to another state. I never trusted anyone. Always, always live within your means. Be prepared to be canned at anytime. Do the best you can your reputation is everything. Nothing lasts forever. Work hard and get out early. Have fun.

Too many lay offs, India boost their profits.

Sounds like the same old song companies have been playing for ever… Welcome to the real world!

Employees ABSOLUTELY DO NOT MATTER to Wall Street and the Wealthy.

SHARE PRICE is all that matters!

The biggest threat to the AI business model is that someday someone will actually invent it.

The equation with AI or without AI if HUMAN BEINGS do not have a job, then there is NO INCOME, and NONE will have $$$$$$$$$$$$$$$ to buy the goods and services offered by companies/stakeholders/investors who dream about ALWAYS receiving $$$$$$$$$$$$$$...and if there are no BUYERS, NO $$$$$$$$$$$ easy.

I jumped ship on time. :)

I am a laid off senior technology manager, now I am a commercial lic driver doing uber taxi, black and turo garage with a medallion.

I don't compete with India anymore for jobs outsource, I compete with east African drivers for airport fares.

The economy is doing just fine. (Cackle). Nothing to see here. (Happy hand clapping). Move along now. (Unintelligible word salad).

AI will lead to a new hiring boom. A lot of new problems have yet to be discovered and it will take tech folks to fix them. @plus1cto has some good videos on this.

These tech workers were very arrogant and imposed their liberal views and agendas on others when it was twitter, Facebook or IG. Karma its a B

Years ago when I was in programming the laid off workers entered many different fields from taxi driver, IRS to dentist.

Its happening not because of pnl, its a show of force by elites to bring back the power to employers and not employees. Its a rehearding strategy.

Remember when Tech workers made a nice six figure salary, got everything paid for (in house meals, game rooms, message chairs), etc.) and were living high and mighty.

Pepperidge farms remembers.

And those times are not ever coming back.

Learn to mine coal.

if they're fit, they can always join the military if they're below 41

become a truck driver
become a mechanic
become a nurse
technology is fleeting

Rumor has it that: Prompt Engineers start at around $500K and experienced Prompt Engineers could ask for $2 million and benefits!

It sounds like the Indians are whooping the cowboys!

Generative AI is over hyped, but predictive AI has more potential. Users need more skills to get good results rn, tho.

Thank you for this podcast, you are spot on with all the trends you discussed here. I cannot find a job after looking for one for a year. I sold personal items and property to give myself some cushion. I may be forced to retire.

Turns out most were just bots.

We went nowhere, we are still in the freefall waiting for the impact.

Who cares about AI. Where's my hologram computer screen? My hologram phone screen?

most of those being laid off are not "tech" employees, but employees of tech companies. These companies overhired for years and now the bill is due.

They went to Kubernetes homeless docker village outside of Menlo Park. Our country is probably about to get taxed for it too. But hey, buy some cuda cores for a useless AI project and keep Nvidia going.

Enough with tech. We need cheap energy and cheap food and not another model of iPhone with ten cameras!

they should learn to cod

Adele "When the skyfalls!"

Fantastic analysis
Thank you Sir

Brilliant discussion

Me, I’m creating my own business.