Meta is not alone. On March 20th Amazon, another tech behemoth, said it would cut a further 9,000 corporate employees, having already sacked 18,000 white-collar types. So far this year American tech firms have announced 118,000 sackings, according to Crunchbase, a data provider, adding to the 140,000 jobs cut last year.index is up by 17% from its recent low point in late December. The companies are hearing the market’s message loud and clear.
Still, the recent lay-offs have already been widespread and deep enough to warrant two questions. First, who is getting the chop? And second, where are the laid-off workers going? Between the depths of the pandemic in the spring of 2020 and peak employment at the start of 2023, the tech sector added around 1m workers. Simply enlisting such numbers required hiring plenty of recruiters; as a headhunting rule of thumb, one recruiter can hire 25 new employees a year. Many of those same recruiters may now be surplus to requirements.
Homeless on the streets, alone, suffering.
Learn to coal...
Unsexy is where it’s !
Do I really need to sign up to an account to read this?
These workers lifting themselves up after getting lid off must be listening to TheLayoffsMusic
Have they considered calling them Industrial greats? Just a thought.
“Phwoar, look at the industrial goods on that”, said no-one ever.
I for one have gone riding... ;-)
😊
XeuleBot
SethARichardson
Fakeflection as well, well?
They created an automated society of algorithmic socialization that does not need them for current profit and a future world that will not need them at all. Chasing the dollar did what? You mean the companies did not love me? They just hired me until they didn’t need me anymore?
Spit
Things I don´t gfab, number 1
I think that the sector was overstuffed previously. In the past two month we saw many job cuts and the market reacted positively
Former tech bros going to have a coronary when they find out their free coffee is now just a dusty old Keurg with black tea and Peet’s pods 😂 Welcome to the real world bitches 😎
Deserved. Tech dweebs are finished.
Learn to code! 🤣🤣🤣🤣
That’s a little racist
Pretty much they get scooped up by smaller tech companies who don’t realize employees at google meta can’t function without giant govt backing and budgets etc
Meta, Google, and others shorted the industry by hiring them in fake jobs, just so they didn't go elsewhere, and now AI is making them redundant.
Thanks for the offer, I'd be delighted to accept
Thanks for this, would be lovely to continue our talks
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