Tech Takedown: Unveiling the Massive Layoffs Shaking the Cyber Industry
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- Опубліковано 7 тра 2024
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In this analysis, we explore the alarming trend of mass layoffs in the tech sector. Discover the key factors contributing to the sudden job losses affecting thousands of IT professionals. From economic downturns and shifting industry dynamics to the impact of automation and AI, we'll break down the complex landscape that has led to these unexpected changes. Join us as we delve into what the future holds for the tech workforce. Don't forget to like, subscribe, and hit the bell icon to stay updated with our latest discussions and insights.
#cybersecurity
#cyberssecurityjobs
#cyber
Please share and like 😉
Still farming XCH? I lost track of you !
I’ve been jobless for 7 months, I’ve run out of unemployment and had to reapply again and these job postings are nothing but wasting peoples time! I am one of those people who has applied and received a decline email within 5 mins! Like why are these companies wasting peoples time and energy! CEOs are making all time high salaries, jobs are literally in overseas and taxes are killing people.
Walmart, Costco, Warehouse, retail, fast food, car wash. A little bit of money is better than none at all
Here's some advice that will serve you well in the future. When you lose any job, you must dedicate your whole effort to searching for a replacement job. Waiting until unemployment benefits end before resuming a job search is a huge mistake. The longer you remain unemployed, the less attractive you become to potential employers.
Unfortunately the applicant tracking systems filter those who don’t already have a job or a 6 month deadline. Since they assume something is wrong with you you are now unemployable. Take temp jobs where you won’t be filtered out. It sucks bet temp work will close the gap on your resume
Same here. Unemployed for 7 months. It's really not about talent IMO. There are not "A ton of super talented people" in the way. They hired in preparation of riots not a functioning economy. And you know wtf I mean by that. 94%.
@@gezenews It took 5 years for me to recover from 2009 but I eventually found full time work. HR is strict. If you have gaps they do not want to hire. Contract stuff sucks but HR will look the other way if you have a gap ... less than 6 months still lol.
Do help desk. Substitute teach. Do something. Yes life sucks but it doesn't have to stay forever. It takes 7 years to recover from a lay off. I know that is not what you want to hear but need to hear. I recovered and you will too! But, turn off I am worth X blinders. No you are not. You are unemployed so cut your number to 1/2.
its rough right now. And it is really unfortunate, because I remember about 5 years ago everyone was telling people who were about to go into college to go for engineering or data science because it will basically guarantee you a job. Now the new grads are REALLY suffering since there is practically 0 junior roles.
The market is making it so hard for everyone. This video is super transparent explaining that! Get whatever position you can and hang in there. Hoping things get better for everyone! Thank you for sharing and explaining this!
You can use Dice annual analytics to see avg range of pay for certain fields. Hope this helps
Cybers don't make anything. Entries are overseas. Be sr. or start your own biz.
THANK YOU SO MUCH FOR THE TRANSPARENCY! If you didn't upload this video I don't know that I could have found you! I appreciate this video so much. Coming from a developer and networking background (more dev than network) I'm trying to land any job that gets me "in" so if that's Tech Support? Then I'll be the best support for that company aiding everyone with a smile. Your advice has always hit the logic of the conversation "get x-figures in cybersecurity" ... when we see the layoffs in droves! This time I made sure to subscribe to you this time so I DON'T MISS YOUR CONTENT NEXT TIME!!!
So we should be focused on improving our tech support skills before we get to other positions?
Yeah... I have 5 years of software development and sysadmin experience.(Last worked in IT in 2016)
I have multiple certs, and my Bachelors in Cybersecurity. I'm struggling to find a position at the moment. Smh
start hacking.
Multiple certs? Sounds like you are too much of a generalist. You need to niche down as much as possible. I am one of the few people that actively avoids CISSP because I do a rare double niche, but I only get away with that because those are the two hottest trending ones atm with practically no competition. But there is an obvious and logical reason why there is so little competition...because both niches are hard af.
where are you looking? Sadly my company is only hiring in India now but I still see openings near me. Do they pay as much? No. Are they remote only? No. But there's still jobs if you can be flexible or want to work for the government or a hospital.
@@GengoSenmon A+, Network+, Security+, CySA+, Pentest+, CASP+, SSCP, ITIL, and LPI Linux Essentials currently. Will likely go for my CISSP in the next few months.
@@fadsa342 I would like to work for the government actually. I am a military spouse. Almost everything I have found near me wants an active clearance. They don't want to sponsor one.
Oh man I was getting worried about you man! Almost a week and no upload was missing it. Thank you so much again as well for putting in so much time for us, the community!
lol thank you.
Hey man, thank you. I really appreciate the expectation management.
Take care and best of luck, everyone!
I waited for you to show where you've seen "Cyber" (which typically refers to security positions) layoffs. From what I understand, none of the layoffs you mentioned affected any security positions. We're in the era of massive ransomware incidents. I don't forsee any layoffs in the "Cyber" industry any time soon.
Cybersecurity positions are not affected by Section 174 of the tax code, so of course they are not being affected.
My employer still hiring in use even they open office overseas for SOC.
Cyber is needed because there is a lot of regulation.
Thanks so much for always being there to provide informative and ongoing cyber trends !!!
You’re welcome and always appreciate the support
Thank you for you honesty
My man is out here building sandwiches. I hope you also leveraged some mayonnaise for optimal flavor.
Only the free packet
My question is which positions are getting laid off. I ask because tech layoffs only mean that they worked for a tech company. I don't see much about tech jobs in non-tech markets (i.e. Retail, financial, etc.)
Great video
Can you say Section 174? These layoffs come close on the heels of corporate tax filings. I'm certain that most businesses were surprised by the additional federal income taxes due as a result of the amortization of R&D expenses incurred within these United States over 5 years, or over 15 years when U.S. companies perform R&D in foreign countries.
I was blind-sided by Section 174. It has resulted in my decision to cease all development on a software product that I rolled out in 2021. I had plans to add new features to the application this year, including integrating it with several third-party applications.
Section 174 is going to greatly reduce innovation by U.S. companies. Over time, the lower investment in R&D will trickle down to impact other jobs in the economy.
Are you seeing that this is happening predominantly in the US, or also around the world? What roles does it affect specifically, does it affect for example pentest/consultants?
I personally know a pen tester that this happened to in the US
Pentester has huge competition, we are all pentesters and hackers. Most of you wont be skilled at all or actually dedicated
What do you consider more in the demand cyber or sales ?
If it’s sales for cyber related products or service I will say equal
If you are genuinely talented at Sales, there is really no reason to ever be bogged down wasting your time with technical nonsense unless it is a requirement to be a solutions architect in that realm (like Cloud Security). Not only is Sales the most transferable skill of any company and industry, a true Sales talent will easily get paid even more than a C-Suite exec like a CISO with the most technical background imaginable.
Yeah the market is brutal
There are no security layoffs. The demand is still up high. Thanks for sharing anyway.
if u put ur fingers in ur ears singing LALALA then layoffs never happen 😉
@@jongxina3595what’s your source ?
@@jongxina3595 You will only get layoff if you can't perform.
It's because the USA and Israel were the only places for cybersecurity, and countries realised. In Australia, where I live, due to recent high profile cybersecurity breaches and next to 0 talent it is very in demand. People are doing short boot camps and getting great salary jobs.
Thks; I thought mega-tech companies always focused on market share growth, high stock market share prices, planned/engineered obsolescence, vapor hw/sw, debt, etc at the expense of long-term profitability/stability (aka mega-tech bubble). Perhaps mega-tech companies are just joining the rest-of-us.
You are speaking nothing but the truth and in my current situation as a laid off professional, I feel that pain. By the way and on a totally unrelated note, I also prefer V-neck under shirts. Lol.
lol I’m not choking with Vs
gotta love when you can spot titles generated by chatgpt
All I told it to do was make me go viral 😆
Me who just got a job after 7 years of trying 😮 that's my face lol sighh
The outsourcing of national security!
Can’t wait for massive hacks!!! Sad part I will suffer twice, unemployed and hacked!! Great!! Corporate America!
Ironically, this is the core of the cyber business. It is the superior IT sector to be in (SWEs are in for a rude awakening because their era of free money and "over-employment" is finally over), but major hacks need to happen first before C-Suite execs take it seriously by allocating their budgets to it.
Uncle Sam isn't hiring foreigners though. My big hope is that over the next year we'll hear the government cracking down on using vendors who outsource "critical" components. I won't name and shame but there's shocking number of companies with their firewall, IR...managed by companies like WiPro.
Call, write letters, and forward petitions with thousands of signatures demanding emergency repeal of Section 174 to the members of Congress who represent you.
Bro the background music is foreground music, it's drowing your voice out. I watched most of the video but the music was too distracting.
Sorry for that
Bad news with horrible loud music, no bueno.
I just got laid off...super depressed
Oh man…what was your position. Sorry to hear it. But don’t give up
Thanks Joe Biden! 😂
👀 :)
So this is how the world end with youtuber 😢
"I have been seeing more and more people taking these certifications without that experience and still getting certified"
How are they doing this? I haven't seen anyone do this? I keep seeing people say that, but have yet to see an actual example? The closest I have seen is people with 5 years of experience that is not in a Security Title, getting the Cert and people saying what you said pretty much. Is that what you are referring to?
Yes I have personally seen first hand lying about experience to qualify for the cert.
@@CyberHAC100k Lying to who? How?
So I guess my real question is one of context, your saying.
A. They do not have 5 years experience in anyway (IT, Translatable positions, ect)
B. They have 5 years of experience that was not in a Security Title position, but have 5 years working experience in a field that they mapped and used for the Cert, but they lied about the duties or the mapping?
www.reddit.com/r/cissp/comments/ad7aiw/falsely_claiming_cissp_certification/
@@cyberlocc I have experienced individual claiming to have OSCP but later investigations revealed the truth.
@CyberHAC100k Well but that case is just flat out lying? The OSCP and the suspected CISSP person?
I knew someone like that, she flat out lied to get a ton of Jobs while she was romantically involved with a family member. She litteraly printed out degrees when she never went to a single class, and much more.
And somehow kept getting Jobs, then losing them do to poor performance as she was not in the least bit intelligent. She was pretty, fit, blonde, and young. So I can only assume that's a part of the sham she was pulling. Who doesn't verify degrees and certs lol.
Even made fun of my wife for having a "Lowly Job" but my wife was just working part time to do something, wasn't after a career and also had no schooling or experience in careers. And she kept telling her "just print it out and say you have it, I do it, it works fine, your pretty they won't question it".
Was actually insane.
Yup like most people in the comment section, 7 months laid off, decline emails and over qualified responses lol.
Two weeks ago. You were saying companies are hiring without experience. Know you are saying companies are laying off. That shows you are full of lies.
How am I lying?
Cybersecurity is a huge field with so many sub-domains that cannot be compared to each other, especially in terms of pay. Both things he said can be true because while many of the lower-level niches are getting pounded, the higher-level ones are tossing money at experienced candidates. You can't simply just be a "cybersecurity expert". You have to decisively pick your passionate niche to become an expert in.
@@GengoSenmon You are correct. I found my niche in ICS/OT Security and we don't nearly have the amount of applicants as other subfields get.
@@TheHarrisal21 Excellent choice on ICS. There are even entire vendors that specialize in just that one niche and they pay very well considering they do not even care much about CISSPs and tons of years of experience.
@@GengoSenmon A lot of us started in the controls automation industry and switched over. The company actually paid for us to do the sans institute court and get the ICS certs but starting out no they don't care about certs or all the years of experience.
I was laid off at the beginning of February 2024, and not is may 13th, and nothing up to now!! I live in Canada btw! at the beginning I thought it was me but I have realized that it is not the case, things are tough!
Sorry to hear, what was your role?