I am just gonna like your not funny comment because I feel pity for someone who become famous with doing something and now cannot do it ( being funny for your case ).
"If you fart alone, you're a villain. But if you fart in solidarity, with the people, now you're suddenly a victim and farting is an act of protest." -Joma the wise, circa 2023
I had that kind of job (well, SWE instead of PM, but it doesn’t make a difference in this context) and nobody I worked with was like this. Man, that tiktok was the douchiest thing I’ve seen all day. I already felt bad enough about the gentrification; why would I want to intentionally cultivate _more_ resentment?
The reality is most people need their job and do at least some average work for it. Even if you earn well at a tech company it's still rent, bills, and maybe a bit of fun but employees are never going to be rich unless top management. It always sucks to get fired because you immediately think of your rent and living expenses. So yes, companies should be a LOT more thoughtful of making sure they do their best to keep their employees unless you really fuck something up (or give you a half year's wage when they let you go so you cans till sleep well the next night).
@@bencze465 nah companies can fire employees who make day in the life type of videos. They are the reasone people who actually do the work have work harder, in most big companies a smaller % of employees does almost all the work and the rest almost do nothing, but look busy.
That was incredibly informative form both a tech company perspective, a start up perspective, and an economic perspective, all condensed into something understandable and easy to digest. Something like this once a week or every two weeks about what’s happening in the tech world I think would skyrocket in popularity
"People rather be poor together than feel left behind by everyone else getting rich" Joma sums up the VC trends, wall street, and human greed casually😂
I really like the new format. I can see it's not quite there yet, but I really like this kinda serious style with perfectly fitted jokes, illustrated with real clips. Also, thank you for the slower paced narrative, so much nicer than 1-minute videos with 100 words per second
Big plus one. The humor came at the perfect moments to keep things light without distracting from the weight of the content. In fact, it often underscored the points being made.
To be fair, I think this content is more sustainable than some other videos based on pure creativity. Probably wouldn't get as many views as not everyone is into the very details of why shit happened but I personally think this is a good transition. Keep up and looking forward to more videos from you! 😀
I love how Joma uses child-like drawings and memes to educate people on serious topics is an innovative and entertaining way of conveying information. -let me revise guys
“Their employees had to pay the price”. Not true! They were the primary beneficiaries. They did enjoy high salaries and a work life with zero responsibility. And it is not true that the selection was random. Mostly the bullshit jobs had to go, which is a good and reasonable thing to do anyways.
Stupid salaries and buffets at works, and they try to play the victim card? Tech workers just experienced one of the best job markets in history and are complaining it's over.
Nothing is forever my friends especially working for others, always save up money for a day like this, hope all of you get up your feel sooner than later. Peace!
I emailed him via corporate email to be his musical composer back when he was still working at Google and he never responded. Then he quit like 2 weeks later
@@MaxLohMusic My guy, do you have any idea how many emails he must get?? There's absolutely no way he could read through them all even if he tried. If you're a successful UA-camr, you gotta draw a line somewhere or you won't even have time to put out content
Joma - I really like this new format! Informative on a topic I’m interested in, doesn’t feel super opinionated, and still engaging and visual. Cheers to new directions!
Cool format, please continue. You are one the few youtubers I still watch and most of your videos make me laugh here and there while also being interesting and relatable. Please keep making solid content ❤
Interlacing comedy into serious topics makes issues and situations so much easier to digest. I knew what the tone was and what information to get out of it while also understanding where and what the humor was doing
Honestly I just hope that this gives some awareness and perspective to students planning to work in the Industry. I've graduated from a pretty strong and competitive engineering university, and the toxic hivemind of "cali or bust," or "I HAVE to work at the big 4" is suffocating and kinda sad. It's so engraved into the culture that working at these giant corporations or unicorn start ups is the "way to go," but the vast majority of students I've talked to who had this goal were extremely short sighted. It's not like they have legitimate reasons to want to work at Google, Meta, or Microsoft. They want to work there because it's prestigious and "the thing to do." In my view, these students are WILLINGLY letting themselves become exploitable code monkey resources to corporates. Companies hire when they have the resources, and they fire when they don't. Of course hoards of these young, misguided, ambitious talents would be taken advantage of by the biggest tech giants. The idea that your worth is based on where you work, and what degree you have, has to be discarded. Please live with your life with more value.
Imagine if they used their talents to actually make the world a better place instead of chasing material wealth or the "prestige" of working for exploitative corporations. We should all be ashamed for being so impressed by people who are driven by greed.
Prestigious schools and companies are sadly an Asian mindset where we like to show off to our families, of how successful our family became after sacrificing a lot moving over here and shit.
When I am finished with Uni I just want to get to work in a company which pays decently (doesn't need to be a lot but should be enough to live comfortably), doesn't treat its employees like some throw-away thing and an ok work environment. Luckily I live in Germany and as such the chances to find such a company are a lot higher than in the USA.
Love the new format. You go further than the typical surface level newspiece fluff and break down the 'why' to these topics. Super informative and easily digestible, genuinely love to see more of this!!
Amazing man, you were extremely on point, did not waver far too away from the topic and still brought out humour here and there while explaining the situation perfectly!! More of this!!
During the recession of 2009, the same thing happened to our tech company-huge and international and was there before FAANG was a thing. The same also happens with most of my freelance jobs before. You just wake up without access to anything and warning. I think young people in tech are not used to this and are not aware something like this can happen, especially if they feel privileged and comfortable working in a big tech company.
all this makes me realize is you're still a small wage employee/cog in a gigantic machine and you mean almost nothing. And to actually "make it" is to not have your job and life in the hands of random financial giants who change their decisions on a whim.
@@mog7501 I actually agree with you. I’m now working for a better company (thank God) that worked so hard to keep its employee during the pandemic. I think it’s not really about working for a big or small company, as long as your boss sees you as his slave, he can easily kick you out if the need arises.
no job is guaranteed. anyone who's able to secure a position in one company for the majority of their career is an exception. You are your best asset. when a company can longer afford you, you may walk away knowing that you are taking your worth with you and providing it elsewhere. your income and company does not define you. the sooner you let it go the easier life gets.
@@mattiaslp9645 That tiktoker was/is a douche. Nobody I worked with was like that. Although I don’t need your sympathy, the job really is soul-crushing sometimes for some folks. Saying, “Meh, I don’t feel bad for these people” just makes you seem resentful.
"Though it was their mismanagement of their leverage, the employees are the ones who had to pay the price." This is the sentence that i like the most in this video 🤟
Exactly. And that Start-ups revenues couldn’t keep up with their spend, makes so much sense. So all the hiring they did over 2020 in 2021, they realised shit were blowing expenses in areas of the business which aren’t necessary and adding value to our top line revenue and bottom line.
@@mikedv7954 If you sincerely believe capitalism is the best system in the world, you might be the brainwashed one Mike. A mix of socialism and capitalism like many Scandinavian countries practice is likely closest to the answer of what is best for large populations of human beings.
I agree with everything you said and this was expected I mean we saw it in 2008 recession now the weird part is that we know how things works in companies like these and we know also that they use the leverage based on pure greed...and yet engineers still dream working there and keep fueling the system through the same company that will help producing more of these patterns.
😁Wow, you do such an excellent job of unpacking a complex situation in a way that's easy to understand while keeping it genuinely fun & humorous at the same time.
I love that you kept your character in this new format. Was expecting the well delivered jokes and pleasantly surprised at the content presented. The slower pace of delivery plus the full length of example clips, mmmm perfecto.
Lmao not sure where you're getting the idea that "Wall Street Insiders" were somehow magically making money off of SPACs at the expense of the little guy through trading in SPAC stocks. I think you should avoid finance and economic topics moving forward. As someone very very knowledgeable about both I have to say you've kind of missed with this video. Although funny as always. And your fancy restaurant fart analogy was actually pretty good.
Reckon he had a pretty good understanding considering he's a tech guy. Could've summed the video up in, "cheap capital increases investment in business, expensive capital forces businesses to reduce expenditure."
Amazing new format, Joma! Very informative and kind of quick. Really liked It. Keep up with the good content! And also that format of news/analysis are really interesting. Try to bring up more!
I was approached by Facebook during the pandemic as a software developer and wasn't selected to be hired. Back then I was so mad but looking back and seeing the layoffs I am so glad I wasn't hired.
Same. I interviewed at 3 out of the 4 giants and was not selected during any of my interviews. I actually went into a small depression because of losing out on the jobs but now that I see what has happened just three years later I am so glad I didn’t make it through. I mean these jobs were in and of themselves an economic bubble and all bubbles pop eventually.
I never comment, but I had to-this was probably the most entertaining tech/daily news video that I've seen in a really really long time. Not only did you make it informative and engaging, but it was extremely relevant to our time. Thank you and KEEP MAKING THESE!!!
Excellent video Joma! This was extremely good for your first video of this format. You struck the right balance between humor and the gravity of the topic. Please keep making these because we need more informed take from someone who has lived through the hullabaloo of Silicon Valley. Well done!
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Woooooow this is such great content! I'm especially happy that compared to other available talk shows/ late night shows, Joma Tech is one of the few with a clear focus on tech, allowing the content to dig much deeper where you actually learn things beyond the news itself!! I recommend Joma explore possibilities of combining short storytelling scripts with this talk show format, a little like the daily show respondent special content, but with a special touch of the Joma humor (e.g. playing a character related to the news behind a green screen). Overall, this was so good! looking forward for the next video
@joma this was THE BEST EXPLANATION for the layoffs and economic conditions I have ever seen. So simple and understandable because of you! Looking forward to more content like this 🎉
They didn't have to pay the price, they weren't employable in the first place. If they deserved a place in Meta or Google, they had it despite all lay-offs. Pretty sure you didn't lose a job, neither did i.
I was recently TUPE’d. A term in the UK which means Transfer Under Protection. My company told me they had to let go, and this was the only way I could keep a job. I will soon work at a new company with the same pay, discounts of my old company. I am incredibly grateful, and saddened to see the amount of lay offs
This was so damn gooood! Super interesting content, well structured and the humor was amazing, the train-butt scene from drawn together caught me so off guard I was dying of laughter.
Leverage has to do with a capital structure's mix of debt and equity. That's not what the tech companies did wrong. The problem was simply that they expected continued revenue growth on track with what they'd seen through Covid and that didn't occur. So they had a bloated cost structure -- too many mouths to feed and not enough food being brought in. This was mismanagement of human capital, not of leverage. Over-hiring, not imprudent financing.
Loved it! I feel like "The employees end up paying the price" has been the Modus Operandi of our modern world. You'll get a raise, but it's less than what the current rate of inflation is, wow thanks company!
It would be cool to see some stats on the employees who were laid off from big tech. Like education level, experience, hours spent on the roof, tiktok subs... is that really that random
It’s not about the performance, it’s about the management. Google needs to lower the amount of workers so they can manage a smaller amount of workers more efficiently, which in-return will boost productivity, professionalism and will seek out all the bad workers. Just basically think of this as a new policy change, for the future employees who are planning to work at these big companies. You will be monitored more closely and will be squeezed out of all the goodness that you will provide (In a good way). It’s easier to monitor a smaller workforce, a smaller team of mangers, and basically anything. If you say, “well then why can’t they hire more managers?” They can but they need to hire MORE people to oversee these managers to see if they are doing their job correctly, and this will basically be more expensive to maintain than if you were to have a smaller workforce. All of this, goes back to the person in charge of being the omni role.
at the end of the day it still benefits the employee. if companies DIDN"T overhire, the same people who got laid off wouldn't have collected a nice salary/benefits for the time they were employed nor given a shot to do better. + severance. a 23 year old being laid off from meta after 1-2 years is better than a 23 year old working some shittier job at a much lower pay for 1-2 years
One of the best videos i've seen from you honestly. Easily digestible and very informative without losing your sense of humour. Great work and on-brand for the channel!
Hey Joma, I liked this format of video more than some of the other ones. Keep making more of these so that we early career folks get a better understanding of the economic cycles in the Tech industry.
It happened to me i received an email from my boss saying he wanted to talk to me personally and i went to the office the next day there in the office they said to me they wanted to cut relashions with me it wasnt by my performance just for budget issues. I really gave my heart to my job cause i liked it and this left me with a heavy heart.
So ive slowly been working towards my computer science degree and these layoffs really made me feel like I wasted my time. Hopefully things get better but for now I'll be applying to learn to be a service technician, one of my goals was to work with EV's and learn how to write software for cars
Don't panic over these regularly occurring economic events - by the time you finish your CS studies the tech job market will have recovered. 2000-2002 Dot-com Crash tech jobs were bad for a couple years after. 2007-2009 Subprime mortgage crisis, same. Now we're at the end of another boom, and it will take a couple of years to sort it out.
Dude, I love the way you express yourself... even on the economics aspect, you did a great job. As an ex financial advisor, I highly recommend seeing this video to understand what is going to come :) Hope to see more videos like this one. Hug from Spain
It's pretty much the same everywhere for layoffs. At Meta, there was a leak, so people were prepared, but no one was informed of anything. I guess it was more shocking at Google because they kept it hidden until the day they actually did the layoffs.
I’ve watched your videos before, but I’ve never really engaged with them. As an SWE who’s company just had layoffs I found this one super informative and worthwhile. Hope to see more like this!
My favorite tech youtuber by FAR. All the others keep tryna either sell me things like their bogus courses or capitalize off of negativity. Funny, well made and most importantly very informative. Keep doing what you're doing Joma! Love the content. Hope you don't sell out like the rest!
I literally love everything about this video. More specifically how you used you data science and analytical skills combined with good sense of humor to create a news episode that is exciting to watch.
Having been in management of staffing for nearly 35 years, I can tell you, firing someone is the worst thing you have to do. So to avoid this, you keep you staff lean. Big Tech ignored this simple tactic.
The team I currently work with is extremely lean but it works. The team I previously worked with hired 20/40 people in less than 8 months. I was laid-off due to cost cutting directives. Lean = better
I am a computer science major, and it still makes me so happy to see these lazy "day in the life" people get laid off after literally providing no value to the company. As it turns out, you actually have to work hard to make good money!!! Welcome back to reality Tik-Tokers!!
that was amazing. hey I learnt a lot and laughed along the way. love the new content style, your a genius :) . I was sad when it was over, that's how good it was. take your time with the next one I wish you all the best
I got let go last year. Best thing ever happened to me so far. Because I felt too comfortable with my job my life, I felt like I was just zombie-ing through everything. I knew I wanted to try something new, to restart the fire in my life, but I didn't have the motivation to take action. My company did what I didn't have the courage to do. Afterwards, I just take the opportunity to change my attitude and my life style, basically fully embrace the change. I understand that getting laid off is especially horrible for those who don't have the finance to survive. But this is a great + tough opportunity to finally learn that you should never be too comfortable with your career, your company, or even your life. Reality changes at a moment's notice and doesn't give a damn about your tender sentiment. Those who embrace changes the fastest, survive better. You may call this toxic darwinism, but that's the reality especially in highly capitalistic country like US.
real thats why you dont leave your life in the past you move on time cant be wasted wwhat has happened has happened it ccant be change anyone that has time to sob and be in denial, would be in denial forever skip that and move on to the next stage
I was also zombie-ing my way through life. Quitting my job a year ago has had its ups and downs, but life is far more interesting now, and I am enabling future success as an entrepreneur and consultant. It has forced me to consider things I was always too scared to do. Everyone needs to take a leap of faith at some point in their life. It is not easy, but it's worth it.
Love the new format. I was actually very articulate and well reasoned, I’ve been trying to explain some of the stuff to my non-technical friends, and family… Your explanation is way better.
I've worked in tech for over 20 years and this is not unexpected. The level of entitlements these "techie" have over the past decades is absolutely mind-blowing. Developers used worked 14-16 hours shift 7 days a week to get great products out. Not to say that's a good thing, but the point is, they worked for their salaries! Today, these techies hardly worked 3 hours a day while they jet off to their baristas or in work gyms, and then lounge in their rest areas chatting it up with their co-workers who are equally lazy getting paid US$150K a year. 90% of the work are done by the 10% of the developers. Twitter has reduced 80% of its workforce and it is still operating nicely. That goes to show how useless many of these tech people were.
These videos are fantastic! It's really great to hear about this stuff from someone else in the tech industry who knows what the actual engineers go through day to day. I feel like I'm watching a tech news bit on the Colbert Report or something, and I love it!
![[UA] NAVI проти G2 Esports | Blast Premier Fall Final](http://i.ytimg.com/vi/QWlIm4FGESQ/mqdefault.jpg)
Thanks for watching as always :)
❤️❤️❤️❤️❤️
Love your videos man
youtube.com/@Programming_languages
youtube.com/@Programming_languages
Great job joma 💖
“Just like the way my ex broke up with me”😂
Didn't know you watched this channel Steven, thought you'd be too busy being a failure
I am just gonna like your not funny comment because I feel pity for someone who become famous with doing something and now cannot do it ( being funny for your case ).
EMOTIONAL DAMAGE!
The Legend is here!🥰
Sad
"If you fart alone, you're a villain. But if you fart in solidarity, with the people, now you're suddenly a victim and farting is an act of protest." -Joma the wise, circa 2023
Thats such an odd way to put it. But it made sense
why use circa when you know it's exactly in 2023?
Sorry, but this made me cry with laughter. It was so spot on.
@@bbnCRLB Because people... well, like the OP for example, don't know what it even means, lol. Well whatever, we knew what he meant.
You either fart alone or see yourself turning into a mass farting maniac with people.
I'm not happy when people lose their jobs, but the hubris of that "day in the life of a 23-year-old product manager at meta" made me change my mind.
I had that kind of job (well, SWE instead of PM, but it doesn’t make a difference in this context) and nobody I worked with was like this. Man, that tiktok was the douchiest thing I’ve seen all day. I already felt bad enough about the gentrification; why would I want to intentionally cultivate _more_ resentment?
The reality is most people need their job and do at least some average work for it. Even if you earn well at a tech company it's still rent, bills, and maybe a bit of fun but employees are never going to be rich unless top management. It always sucks to get fired because you immediately think of your rent and living expenses. So yes, companies should be a LOT more thoughtful of making sure they do their best to keep their employees unless you really fuck something up (or give you a half year's wage when they let you go so you cans till sleep well the next night).
@@bencze465 nah companies can fire employees who make day in the life type of videos.
They are the reasone people who actually do the work have work harder, in most big companies a smaller % of employees does almost all the work and the rest almost do nothing, but look busy.
Agree I say fire them all, they don't do anything anyway.
@@jonathandavis8599 Absolutely agree. you live to work. Move your lazy ass!
That was incredibly informative form both a tech company perspective, a start up perspective, and an economic perspective, all condensed into something understandable and easy to digest. Something like this once a week or every two weeks about what’s happening in the tech world I think would skyrocket in popularity
Agreed
9:13 She's now a VP Product at Meta
Tell you volumes about what teach PM's do.
woof
😜 thankx
Life is unfair 😓
We know how she got to keep the job
Nobody can mix and match comedy with education and reality and critics like you Joma.
Techlead is even better at it
He's almost as funny as my mom.
@@TheMrNomadus Yeah the guy is good. But he is a bit more sarcastic than Joma.
Colbert, Jon Stuart, Oliver…?
@@TheMrNomadus you do realize Techlead was a compulsive liar and scammed his followers with a 💩 coin, right?
Funny how all their AI and ML algorithms didn't predict this. Or did they?
"People rather be poor together than feel left behind by everyone else getting rich"
Joma sums up the VC trends, wall street, and human greed casually😂
Hell yeah!! We don't want to hold on to the trash! What can it do for itself? Nothing! Invest the damn thing: not to hoard it.
I mean... Dude's Humor is on another level>
@jomaoppa missed the main reason of all that mess, don't want to get political, so I'll just say that some people call that reason Brandon
@@a.r1832 Haha, compost taped on wall worth much more than trash, duh
And why big money falls for so many overhyped mirages like WeWork or Theranos or Juicero.
I really like the new format. I can see it's not quite there yet, but I really like this kinda serious style with perfectly fitted jokes, illustrated with real clips.
Also, thank you for the slower paced narrative, so much nicer than 1-minute videos with 100 words per second
Basically this.
Well explained
Big plus one. The humor came at the perfect moments to keep things light without distracting from the weight of the content. In fact, it often underscored the points being made.
I held in a big fart
totally agree
To be fair, I think this content is more sustainable than some other videos based on pure creativity. Probably wouldn't get as many views as not everyone is into the very details of why shit happened but I personally think this is a good transition. Keep up and looking forward to more videos from you! 😀
All the laid off tech workers can go work at McDonald's and Taco Bell. They are hiring immediately.
We need more of these! Your ability to condense information and present it in a way that is easily digestible is great!
Didn't know Joma was this smart. Well done!
lmao burn
because he's Asain dah😅
@@MohamedHamed-gz6de Asain dah is the legendary hero in the GoT books or what?
Don't know if praising or insulting
It’s the Waterloo
I love how Joma uses child-like drawings and memes to educate people on serious topics is an innovative and entertaining way of conveying information.
-let me revise guys
what
children????
@@ogmoiz I hope it clears your mind
They are not drawings and memes, they are art.
It’s bad when even telling lies is no longer profitable.
“Their employees had to pay the price”. Not true! They were the primary beneficiaries. They did enjoy high salaries and a work life with zero responsibility. And it is not true that the selection was random. Mostly the bullshit jobs had to go, which is a good and reasonable thing to do anyways.
Stupid salaries and buffets at works, and they try to play the victim card? Tech workers just experienced one of the best job markets in history and are complaining it's over.
I like this format. A bit of humor, a lot of information and great references to other events. Keep them coming!
I'd have LOVED a longer commentary even! Felt like you had more to say! Please keep making these videos!
As someone who isn’t that knowledgeable on the backend for business finance this was highly digestible. Felt like a very informative video!
Ikr
Nothing is forever my friends especially working for others, always save up money for a day like this, hope all of you get up your feel sooner than later. Peace!
It's actually a great thing that you're switching up and trying out new kind of content!
Joma has matured a lot in the past 2 years. I hope he's doing ok.
I read that as he said “Imagine you’re in a classy restaurant holding in the biggest fart of your life”
I emailed him via corporate email to be his musical composer back when he was still working at Google and he never responded. Then he quit like 2 weeks later
@@MaxLohMusic ok?
Lmaooo “this male has matured must be something wrong”
@@MaxLohMusic My guy, do you have any idea how many emails he must get?? There's absolutely no way he could read through them all even if he tried. If you're a successful UA-camr, you gotta draw a line somewhere or you won't even have time to put out content
Joma - I really like this new format! Informative on a topic I’m interested in, doesn’t feel super opinionated, and still engaging and visual. Cheers to new directions!
Cool format, please continue. You are one the few youtubers I still watch and most of your videos make me laugh here and there while also being interesting and relatable. Please keep making solid content ❤
I see what you are doing, buddy! You are proving you can host a talk show on a big network. Love it!
Interlacing comedy into serious topics makes issues and situations so much easier to digest. I knew what the tone was and what information to get out of it while also understanding where and what the humor was doing
Easy to digest lol, I was eating listening to this commentary, could not digest my food at all😂
We need more of these! Your ability to condense information and present it in a way that is easily digestible is great!
Honestly I just hope that this gives some awareness and perspective to students planning to work in the Industry. I've graduated from a pretty strong and competitive engineering university, and the toxic hivemind of "cali or bust," or "I HAVE to work at the big 4" is suffocating and kinda sad. It's so engraved into the culture that working at these giant corporations or unicorn start ups is the "way to go," but the vast majority of students I've talked to who had this goal were extremely short sighted. It's not like they have legitimate reasons to want to work at Google, Meta, or Microsoft. They want to work there because it's prestigious and "the thing to do." In my view, these students are WILLINGLY letting themselves become exploitable code monkey resources to corporates. Companies hire when they have the resources, and they fire when they don't. Of course hoards of these young, misguided, ambitious talents would be taken advantage of by the biggest tech giants. The idea that your worth is based on where you work, and what degree you have, has to be discarded. Please live with your life with more value.
Imagine if they used their talents to actually make the world a better place instead of chasing material wealth or the "prestige" of working for exploitative corporations. We should all be ashamed for being so impressed by people who are driven by greed.
Prestigious schools and companies are sadly an Asian mindset where we like to show off to our families, of how successful our family became after sacrificing a lot moving over here and shit.
@@isbalella I agree
@@MrDarthvis yes, and if it's a company that your relatives haven't even heard of, even if they're paying you REALLY well, then it stings.
When I am finished with Uni I just want to get to work in a company which pays decently (doesn't need to be a lot but should be enough to live comfortably), doesn't treat its employees like some throw-away thing and an ok work environment.
Luckily I live in Germany and as such the chances to find such a company are a lot higher than in the USA.
Love the new format. You go further than the typical surface level newspiece fluff and break down the 'why' to these topics. Super informative and easily digestible, genuinely love to see more of this!!
Amazing man, you were extremely on point, did not waver far too away from the topic and still brought out humour here and there while explaining the situation perfectly!! More of this!!
During the recession of 2009, the same thing happened to our tech company-huge and international and was there before FAANG was a thing. The same also happens with most of my freelance jobs before. You just wake up without access to anything and warning. I think young people in tech are not used to this and are not aware something like this can happen, especially if they feel privileged and comfortable working in a big tech company.
all this makes me realize is you're still a small wage employee/cog in a gigantic machine and you mean almost nothing. And to actually "make it" is to not have your job and life in the hands of random financial giants who change their decisions on a whim.
@@mog7501 I actually agree with you. I’m now working for a better company (thank God) that worked so hard to keep its employee during the pandemic. I think it’s not really about working for a big or small company, as long as your boss sees you as his slave, he can easily kick you out if the need arises.
no job is guaranteed. anyone who's able to secure a position in one company for the majority of their career is an exception. You are your best asset. when a company can longer afford you, you may walk away knowing that you are taking your worth with you and providing it elsewhere. your income and company does not define you. the sooner you let it go the easier life gets.
meh. i dont feel any empathy for these laid off tech workers making tiktoks and complaining about work/life balance.
@@mattiaslp9645 That tiktoker was/is a douche. Nobody I worked with was like that. Although I don’t need your sympathy, the job really is soul-crushing sometimes for some folks. Saying, “Meh, I don’t feel bad for these people” just makes you seem resentful.
You see that scooter dude walk away but, I guarantee once the adrenaline dropped, that fellah was in a world (and dollars) of pain.
"Though it was their mismanagement of their leverage, the employees are the ones who had to pay the price."
This is the sentence that i like the most in this video 🤟
Exactly. And that Start-ups revenues couldn’t keep up with their spend, makes so much sense. So all the hiring they did over 2020 in 2021, they realised shit were blowing expenses in areas of the business which aren’t necessary and adding value to our top line revenue and bottom line.
Also capitalism in a nutshell. (If we allow ourselves to be overtly reductive)
Absolutely not: employees were taking home the cash as salaries that their company borrowed.
@@noobestofdamall yet capitalism is the best system in the world. Unless of course you are brainwashed
@@mikedv7954 If you sincerely believe capitalism is the best system in the world, you might be the brainwashed one Mike. A mix of socialism and capitalism like many Scandinavian countries practice is likely closest to the answer of what is best for large populations of human beings.
I love this new video format. I could eat these all day. Extremely informative and funny as hell. Keep it up joma!
I didn't like the video, I loved it. Didn't just entertain me but also taught me about stuff I knew way too little about. Keep going, I'm up for it.
I agree with everything you said and this was expected I mean we saw it in 2008 recession now the weird part is that we know how things works in companies like these and we know also that they use the leverage based on pure greed...and yet engineers still dream working there and keep fueling the system through the same company that will help producing more of these patterns.
😁Wow, you do such an excellent job of unpacking a complex situation in a way that's easy to understand while keeping it genuinely fun & humorous at the same time.
I love that you kept your character in this new format. Was expecting the well delivered jokes and pleasantly surprised at the content presented. The slower pace of delivery plus the full length of example clips, mmmm perfecto.
Great!
Joma has been humble since the beginning. Nothing but respect.
He has really changed for the better since he left tech lead…
Lmao not sure where you're getting the idea that "Wall Street Insiders" were somehow magically making money off of SPACs at the expense of the little guy through trading in SPAC stocks. I think you should avoid finance and economic topics moving forward. As someone very very knowledgeable about both I have to say you've kind of missed with this video. Although funny as always. And your fancy restaurant fart analogy was actually pretty good.
Reckon he had a pretty good understanding considering he's a tech guy. Could've summed the video up in, "cheap capital increases investment in business, expensive capital forces businesses to reduce expenditure."
Amazing new format, Joma! Very informative and kind of quick. Really liked It. Keep up with the good content! And also that format of news/analysis are really interesting. Try to bring up more!
I really like these kinda vids, especially from Joma. Simple and informative. He really is a good story teller.
I've seen lots of videos explaining the layoffs, none was so concise, insightful and entertaining as this. Great work!
I was approached by Facebook during the pandemic as a software developer and wasn't selected to be hired. Back then I was so mad but looking back and seeing the layoffs I am so glad I wasn't hired.
Same. I interviewed at 3 out of the 4 giants and was not selected during any of my interviews. I actually went into a small depression because of losing out on the jobs but now that I see what has happened just three years later I am so glad I didn’t make it through. I mean these jobs were in and of themselves an economic bubble and all bubbles pop eventually.
I never comment, but I had to-this was probably the most entertaining tech/daily news video that I've seen in a really really long time. Not only did you make it informative and engaging, but it was extremely relevant to our time. Thank you and KEEP MAKING THESE!!!
You should comment more often, ma'am
Excellent video Joma! This was extremely good for your first video of this format. You struck the right balance between humor and the gravity of the topic. Please keep making these because we need more informed take from someone who has lived through the hullabaloo of Silicon Valley. Well done!
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Let's not ignore this incredible unnoticed art at 5:52 😂
Man, like you talk the true. Nobody says these things nowadays. I hope to see more vids like these. You mix comedy and knowledge Joma
Woooooow this is such great content! I'm especially happy that compared to other available talk shows/ late night shows, Joma Tech is one of the few with a clear focus on tech, allowing the content to dig much deeper where you actually learn things beyond the news itself!! I recommend Joma explore possibilities of combining short storytelling scripts with this talk show format, a little like the daily show respondent special content, but with a special touch of the Joma humor (e.g. playing a character related to the news behind a green screen). Overall, this was so good! looking forward for the next video
@joma this was THE BEST EXPLANATION for the layoffs and economic conditions I have ever seen. So simple and understandable because of you! Looking forward to more content like this 🎉
4:25 another day,another crash
Great!
If only i had teachers explaining things in the simplest terms like Joma does!
I studied a lot of theories in college and found technical skills after. Working with skills I already have. I work in healthcare
Love this new format!❤ Keep uploading videos like this.
The "Fart and the fancy restaurant" analogy really helped me gain some insights on the layoffs. Phewwww, Thanks Joma, you are our saviour. 👍🏼
They didn't have to pay the price, they weren't employable in the first place. If they deserved a place in Meta or Google, they had it despite all lay-offs. Pretty sure you didn't lose a job, neither did i.
No matter if u change your content ,your sense of humour will always be at peak
exactly!
I was recently TUPE’d. A term in the UK which means Transfer Under Protection. My company told me they had to let go, and this was the only way I could keep a job. I will soon work at a new company with the same pay, discounts of my old company. I am incredibly grateful, and saddened to see the amount of lay offs
This was so damn gooood! Super interesting content, well structured and the humor was amazing, the train-butt scene from drawn together caught me so off guard I was dying of laughter.
Leverage has to do with a capital structure's mix of debt and equity. That's not what the tech companies did wrong. The problem was simply that they expected continued revenue growth on track with what they'd seen through Covid and that didn't occur. So they had a bloated cost structure -- too many mouths to feed and not enough food being brought in. This was mismanagement of human capital, not of leverage. Over-hiring, not imprudent financing.
Love that new news thing. Your humor makes those videos super watchable, even hearable if ure unable to watch
Loved it!
I feel like "The employees end up paying the price" has been the Modus Operandi of our modern world.
You'll get a raise, but it's less than what the current rate of inflation is, wow thanks company!
Many of these tech employees supported the same policies that resulted in this wave of higher inflation.
@@willdegra317 Companies raising prices? Sure, but only in the sense that the CEO and management are employees.
It would be cool to see some stats on the employees who were laid off from big tech. Like education level, experience, hours spent on the roof, tiktok subs... is that really that random
It’s not about the performance, it’s about the management. Google needs to lower the amount of workers so they can manage a smaller amount of workers more efficiently, which in-return will boost productivity, professionalism and will seek out all the bad workers. Just basically think of this as a new policy change, for the future employees who are planning to work at these big companies. You will be monitored more closely and will be squeezed out of all the goodness that you will provide (In a good way). It’s easier to monitor a smaller workforce, a smaller team of mangers, and basically anything. If you say, “well then why can’t they hire more managers?” They can but they need to hire MORE people to oversee these managers to see if they are doing their job correctly, and this will basically be more expensive to maintain than if you were to have a smaller workforce. All of this, goes back to the person in charge of being the omni role.
@@maxpro751 Very true.
at the end of the day it still benefits the employee. if companies DIDN"T overhire, the same people who got laid off wouldn't have collected a nice salary/benefits for the time they were employed nor given a shot to do better. + severance.
a 23 year old being laid off from meta after 1-2 years is better than a 23 year old working some shittier job at a much lower pay for 1-2 years
Omg the graphics😂😂 Joma you are an awesome storyteller. Please keep doing these kinds of stuff more! Joma news👌🏼
One of the best videos i've seen from you honestly. Easily digestible and very informative without losing your sense of humour.
Great work and on-brand for the channel!
Hey Joma, I liked this format of video more than some of the other ones. Keep making more of these so that we early career folks get a better understanding of the economic cycles in the Tech industry.
It happened to me i received an email from my boss saying he wanted to talk to me personally and i went to the office the next day there in the office they said to me they wanted to cut relashions with me it wasnt by my performance just for budget issues. I really gave my heart to my job cause i liked it and this left me with a heavy heart.
So ive slowly been working towards my computer science degree and these layoffs really made me feel like I wasted my time.
Hopefully things get better but for now I'll be applying to learn to be a service technician, one of my goals was to work with EV's and learn how to write software for cars
Don't panic over these regularly occurring economic events - by the time you finish your CS studies the tech job market will have recovered. 2000-2002 Dot-com Crash tech jobs were bad for a couple years after. 2007-2009 Subprime mortgage crisis, same. Now we're at the end of another boom, and it will take a couple of years to sort it out.
same here
I really appreciate the amount of effort you put into making this! Thank you!
Such a good content Joma. Keep it up! I like this new style of videos. Adressing reality, with Joma's touch! Love it!
"if you fart alone, you are a villan" - Joma Tech 2024
Dude, I love the way you express yourself... even on the economics aspect, you did a great job. As an ex financial advisor, I highly recommend seeing this video to understand what is going to come :)
Hope to see more videos like this one. Hug from Spain
I like this guy and the way he puts everything together. All the love from Nairobi, Kenya. 🇰🇪
Tuko wengi bro 😂
I think the timing of the jokes could be better, but love to see how this format will look like in the future!
If you're an adult doing TikTok videos you deserve a lay off in the first place. Tells me enough about you as a person.
It's pretty much the same everywhere for layoffs. At Meta, there was a leak, so people were prepared, but no one was informed of anything. I guess it was more shocking at Google because they kept it hidden until the day they actually did the layoffs.
I’ve watched your videos before, but I’ve never really engaged with them. As an SWE who’s company just had layoffs I found this one super informative and worthwhile. Hope to see more like this!
Honestly, this is way better than your old videos. Keep up the good work!
Boohoo. Interesting that Google ex employee never mentioned her salary. Bet her story would be a lot less sympathetic. Once again, boohoo.
My favorite tech youtuber by FAR. All the others keep tryna either sell me things like their bogus courses or capitalize off of negativity.
Funny, well made and most importantly very informative.
Keep doing what you're doing Joma! Love the content. Hope you don't sell out like the rest!
Nice
This man is a comedic genius. Please keep deliver news like this, absolutely love it.
I literally love everything about this video. More specifically how you used you data science and analytical skills combined with good sense of humor to create a news episode that is exciting to watch.
I like to flex my wealth as a software engineer.
Having been in management of staffing for nearly 35 years, I can tell you, firing someone is the worst thing you have to do. So to avoid this, you keep you staff lean. Big Tech ignored this simple tactic.
The team I currently work with is extremely lean but it works.
The team I previously worked with hired 20/40 people in less than 8 months. I was laid-off due to cost cutting directives.
Lean = better
Can't afford lean when development is a competition of speed and there is no conveyor belt for code.
I am a computer science major, and it still makes me so happy to see these lazy "day in the life" people get laid off after literally providing no value to the company. As it turns out, you actually have to work hard to make good money!!! Welcome back to reality Tik-Tokers!!
In hindsight, tiktoks like that are a great financial indicator of bloated spending.
They just don't bother mentioning the boring workwe actually do. Hope you enjoy your swe career
that was amazing. hey I learnt a lot and laughed along the way. love the new content style, your a genius :) . I was sad when it was over, that's how good it was. take your time with the next one I wish you all the best
I got let go last year. Best thing ever happened to me so far. Because I felt too comfortable with my job my life, I felt like I was just zombie-ing through everything. I knew I wanted to try something new, to restart the fire in my life, but I didn't have the motivation to take action. My company did what I didn't have the courage to do. Afterwards, I just take the opportunity to change my attitude and my life style, basically fully embrace the change.
I understand that getting laid off is especially horrible for those who don't have the finance to survive. But this is a great + tough opportunity to finally learn that you should never be too comfortable with your career, your company, or even your life. Reality changes at a moment's notice and doesn't give a damn about your tender sentiment. Those who embrace changes the fastest, survive better.
You may call this toxic darwinism, but that's the reality especially in highly capitalistic country like US.
True
true
real thats why you dont leave your life in the past you move on time cant be wasted wwhat has happened has happened it ccant be change anyone that has time to sob and be in denial, would be in denial forever skip that and move on to the next stage
I was also zombie-ing my way through life. Quitting my job a year ago has had its ups and downs, but life is far more interesting now, and I am enabling future success as an entrepreneur and consultant. It has forced me to consider things I was always too scared to do.
Everyone needs to take a leap of faith at some point in their life. It is not easy, but it's worth it.
Bruce, so what did you do then? Did you start your own business?
This is the most delightful story ever told about layoffs. Love the restaurant analogy :)
Love the new format. I was actually very articulate and well reasoned, I’ve been trying to explain some of the stuff to my non-technical friends, and family… Your explanation is way better.
I got laid off after just 1 month going into job fuck... it hurts
I love the humor, the cheesy self made animations, and the straight talk.. Well done!
New format looks promising as always. Keep doing it Joma.
Lets be honest, most of those companies had to many employees doing absolutely nothing. Elon proved that by firing 90 percent of twitter staff.
You say that.. but they literally couldn't run a presidential announcement without all the servers crashing now that they laid so many off.
is Joma stilll alive? I don't see any new vid upload from him since last year
I've worked in tech for over 20 years and this is not unexpected. The level of entitlements these "techie" have over the past decades is absolutely mind-blowing. Developers used worked 14-16 hours shift 7 days a week to get great products out. Not to say that's a good thing, but the point is, they worked for their salaries! Today, these techies hardly worked 3 hours a day while they jet off to their baristas or in work gyms, and then lounge in their rest areas chatting it up with their co-workers who are equally lazy getting paid US$150K a year. 90% of the work are done by the 10% of the developers.
Twitter has reduced 80% of its workforce and it is still operating nicely.
That goes to show how useless many of these tech people were.
These videos are fantastic! It's really great to hear about this stuff from someone else in the tech industry who knows what the actual engineers go through day to day. I feel like I'm watching a tech news bit on the Colbert Report or something, and I love it!
I think that’s really cool Joma, your really working hard on it, with you on board I’m sure it will see light
You're good Joma. I want to be like you fr. Cool and smart 🧠 🧠
This format is great Joma, I love the new direction.