Not surprising. It’s just going through a correction. Too much hiring during Covid and high interest rates makes company less likely to invest. It’s just a business cycle.
they "overhired" to meet increasing demand. How much were you using Teams/Zoom in 2019 vs now? This is all about the interest rate and wanting to max out profits every quarter.
Did these tech workers think that they had secure permanent jobs? Nobody has a secure permanent job. We’re all disposable. Money and profit is all that matters. Loyalty is a thing of the past.
Specially when most of them are just useless, the amount of people without good skills in those jobs is hilarious. The only reason there were so many tech workers with high paying jobs was because big tech didn't want possible competition, now that is not needed they can just layoff unused workers
@@elphil123 Nobody is above being replaced. If a hospital goes out of business, you can bet your ass that doctor either has to try to get transferred to another hospital under the same company or find another employer. It goes for tech workers, doctors, etc.
The last two can be outsourced easier than IT. It is also not really high paying. Unless you make partner in some firm, and sell your soul. No one wants to do it.
Kids today are better off learning about free energy and alternative fuel sources. Since our current leaders are so drunk off their own greed and have no foresight whatsoever!
Venturing into stock market as a newbie was very difficult due to lack of experience which resulted in loosing funds... But Mary Jane, restored hope shes a good woman
Mary Jane concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With SUK made a profit of over 38,863 dollar monthly.
AI isn’t that great. If AI is so great why known of these companies globally are not letting AI run their companies. Over hiring and interest rates increasing is the reason every sector is laying off. Plus companies need to make their investors happy. If you think AI is the reason for all mass layoffs you’re kidding yourself.
Bunch of whiners... and so much for journalism integrity... why is the overhiring not being mentioned at all? I didn't see anyone complaining when they were beign overhired?
Twitter is a junk yard with viruses, adult videos, live videos of people being slaughtered, and links that don’t work. So Twitter is not doing going at all.
Prioritizing shareholders and short term gains over employees is the status quo. We focus only on growth, and companies could care less about the people who dedicate so much of their time to the company
Just here to read the comments from GenX tradesmen who can barely work their mobile phones comment on the tech sector (or their understanding of it 🤣🤡).
GenX tradesman are such losers making 80-90,000$ a year. And yes, these losers are in such high demand they don't have to worry about losing their jobs unlike intellectual prestigious tech workers. sarcasm. ( Comment made by GenX tradesman)
It’s so funny people going “wow Twitter cut 80% of its staff and it’s doing great!” Meanwhile twitters revenue is down to the lowest it’s ever been and they’re losing more money than they ever were prior to firing all that staff lmao
And once those people they think they can pay less start getting like their neighboring countries then the jobs will comeback here. The Asia continent is now beginning to ask for the same salaries and to be paid in American dollars. That’s what happens when you hire them over here and give them green cards.
i know some that works in Meta. He said only about 15% of actual tech works were laid off and most of the layoff were part recruiting , HR, PM, and other non tech posistions
Boom and bust. Don’t forget . USA economy had a boom from 2013 to 2023. Boom to …..? I expect a bust. Sold all my USA stocks and converted all the usd to aud and bought shares in Australia etc.
They SHOULD be going to competitors and building up competition and potential company replacements, make their monopolizing business practices so blatant and public, that everyone will demand and vote for change.
If you don’t know what H1B status means it’s a work VISA to work in the United States (I think for 3 years when a company can renew it) Potentially, most of the H1B VISA’s are from India 🇮🇳
@16:48 I love it when untouchable people "take responsibility". All that means is that no executives/managers are getting punished for screwing over the chaff employees.
This is all a result of over-hiring during the height of the pandemic in 2020/2021 and the further move into automation and AI. A lot of jobs that seem to be eliminated in 2022/2023 were in marketing, product development, and anyone hired as an addition to a team instead of replacing a departing team member. Any job seekers out there when interviewing should ask if this position is replacing someone, or has been created due to increased business growth and/or need. The answer will tell you if you'll be the first one let go in a lay off or if you might survive a few rounds.
The Canada section got a snicker. We've lost like 15% of our workforce to the US since the pandemic, and the unemployment rate now is at least twice as high. Ooof.
Such BS i never got severance they changed job role more than 50% and forced me out with no goddam pay. I am trying to pick up the pieces luckily wwithout family and friends id be on the street
Its just a business cycle. These young people have never seen one or lived through 2008. It's part of life. When you get a high paying job you are the first to go. There are more stable jobs in the tech sector but they are boring and lower paying than the mega cap tech companies. That Brittany girl is simply playing victim. No one forced you to get a high paying tech job That being said, i don't see management being laid off at the same rate as employees even though its their mess and usually they are higher paid.
AI isn’t that great. If AI is so great why known of these companies globally are not letting AI run their companies. Over hiring and interest rates increasing is the reason every sector is laying off. Plus companies need to make their investors happy. If you think AI is the reason for all mass layoffs you’re kidding yourself.
If the majority of Americans decided to run their own businesses, then there'd be less employees and more owners which translates to better competition amongst companies within the economy and transforms into better quality products for lower prices for consumers.
Lol, let's get this straight, if you are not doing coding or tech related stuff, you are just a normal employee at a tech company, not a tech person. A non-tech staff is easily replaceable. Did you do at least 200 leetcode to get employed?
At this point, I think you can say that tech is making the world harder to live in. Not that its bad, its because its good. It being good means, we dont need as many people to work. The 90s caused an explosion of new things where we still needed people, but after that, we saw the other side of tech which it simply reduces jobs, which is the goal for companies. We are at a point where tech is not creating new jobs for people as it takes their old one away, like in the 90s. There was a time when it simply changed what people did and people were more powerful. Now, you dont need an army of accountants, you can buy some software and have far less of them. That was the goal of all this tech, but the impact is, its finally so useful that less people are needed and there is now no great place to go for an office job. None of this is AI related. AI is just another thing that does stuff that maybe can replace a person.
sucks we suffer from the lack of good leadership in these layoffs. They can’t get an analyst to help? what’s all the money for if you can’t hire someone to help you babe it
Cory Stahle was the only one who got it right about AI in this segment . Everyone else was just talking out of their ass and trying to make people fearful for the future.
A common argument I see for things is that the ability to produce more will lead to more competition a increased supply leading to a reduction in price, that will lead to it becoming accessible to more people increasing demand negating job loss as while yes some jobs disappear and some tasks need less people, you end up needing the same or more over all because of the scope of what you are making. However, this is simply not the case anymore, especially in the tech sector where we are done nearing the peak market demand. Social media sites are nearly global and used by most people that have the ability to even use them. The new technology now is also another level of innovation. Yes you need someone to manage the AI and you need some techs but this isn't one machine replacing 2 people, its one thing replacing 20 or more while only providing one or 2 new jobs and with there being no market to grow into. Also its ignoring the fact that we are requiring even the most basic jobs to be highly educated. So its not like a self driving car will need the typical repair guy to do maintenance and a software guy to work on the AI. We are just going to expect the repair guy to do the tech stuff to as we fire the guy that was driving the car
How big the term Generative AI might sound like the companies need to understand how largely inaccurate and inconsistent there results are. Also we need to consider the immense cost for developing these AI models. It's an another bubble in formation.
They understand! It’s just poor journalism and looking for sound bites are more important then just saying our government and Congress screwed us to fulfill their lobbyists agendas and receive luxurious gifts and money.
Why are you hyping AI, AI is just another hype created by big tech firms. There is extremely low use case. Those thing AI does can be done by simple business rules then why to spend so much money and energy resources. Don’t fall for this AI crap.
“2/3 of tech workers are men, but more than 1/2 of those laid off were women” Yeah when you’re a tech company looking to cut headcount, you’re more likely to offload redundant non-tech/ non-primary tech roles ( which are typically held by women)🤷🏼♂️. Factor in AI, which replaces the vast majority of low skilled programmers ( bootcamp/self-taught developers) and you have a layoff galore.
That’s not what tech workers do. The cars you buy, the appliances you use, the engineers you do building your parts to every day devices you use, this platform you come on to spew your thoughts, the tools you use to build with, the electricity you use to run your lights, the solar panels that some people use, the tv’s you enjoy, the software you use to stream with, are all done by technicians.just because you watched a day in the life of software engineer doesn’t mean that those videos are accurate. If the videos on social media was accurate you all will see follow up videos that say “ A day in the life of sued ex software engineer” because all of them signed NDA’s stating they can’t show their work. So the majority of those videos are fake and the majority of them got laid off.
@@JoeJoe0408 that’s true. There are some great tech workers . Much more intelligent than me. I’m just directing it towards the group of tech workers that think life is easy and who look down on people that don’t work from home .
You’re two years late to this story.
This video is a compilation of previously posted stories (Published February 2024, Published August 2023, Published November 2023)
Not surprising. It’s just going through a correction. Too much hiring during Covid and high interest rates makes company less likely to invest. It’s just a business cycle.
they "overhired" to meet increasing demand. How much were you using Teams/Zoom in 2019 vs now? This is all about the interest rate and wanting to max out profits every quarter.
Did these tech workers think that they had secure permanent jobs? Nobody has a secure permanent job. We’re all disposable. Money and profit is all that matters. Loyalty is a thing of the past.
Doctors can have secure permanent jobs if I’m not mistaken
@@afanatee Because they are essential and needed
@@afanatee all healthcare workers. That's the only pro of working in healthcare, stable job and income. Everything else sucks
Specially when most of them are just useless, the amount of people without good skills in those jobs is hilarious. The only reason there were so many tech workers with high paying jobs was because big tech didn't want possible competition, now that is not needed they can just layoff unused workers
@@elphil123 Nobody is above being replaced. If a hospital goes out of business, you can bet your ass that doctor either has to try to get transferred to another hospital under the same company or find another employer. It goes for tech workers, doctors, etc.
Where are they going? To the unemployment office silly. 😏😏😏
you don't need to go to the unemployment office to get unemployment. It's all done online these day
yes long lines before offices are horrifying
50,000 of the H1B work VISA employed will go back to their country or origin.
Kids today would be better off going into HVAC, electricity, accounting and tax.
The last two can be outsourced easier than IT. It is also not really high paying. Unless you make partner in some firm, and sell your soul. No one wants to do it.
Kids today are better off learning about free energy and alternative fuel sources. Since our current leaders are so drunk off their own greed and have no foresight whatsoever!
Get a broad scope of education in early school 🎒 yrs
OnlyFans, why be a bartender or a server and deal with handsy guys
What's the best way to profit from this stock market run?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known stock market consultant
Venturing into stock market as a newbie was very difficult due to lack of experience which resulted in loosing funds... But Mary Jane, restored hope shes a good woman
Mary Jane concept is key in beating all odds to excel in this form of online commodity. Her management team is quite impressive so far! With SUK made a profit of over 38,863 dollar monthly.
Best signal provider in the market. Knowledgeable, level headed (no loss like some other traders who recently jumped on the bandwagon).
Any specific guide. I'm from New Orleans how do I go about this? I think I'm interested how can I get in touch with Mrs Mary Jane
how stupid, so you hire a tech to produce AI and then he/she is out of a job.....what kind of stupid are these techs.
Tech is dying frfr. Paper and stationary is on the rise.
AI isn’t that great. If AI is so great why known of these companies globally are not letting AI run their companies. Over hiring and interest rates increasing is the reason every sector is laying off. Plus companies need to make their investors happy. If you think AI is the reason for all mass layoffs you’re kidding yourself.
Bunch of whiners... and so much for journalism integrity... why is the overhiring not being mentioned at all? I didn't see anyone complaining when they were beign overhired?
You definitely didn't watch the video, lol.
The economy is not strong LOL!!!!!!!!!!!!!!!!!!!!!
Tech workers thought they were invincible 😂😂😂
The Googlers…literally hated those day in a life videos. But, I hate most of the same lame videos these people do on social media.
Twitter still works? Yes badly.
Twitter is a junk yard with viruses, adult videos, live videos of people being slaughtered, and links that don’t work. So Twitter is not doing going at all.
What do you not like about the current app?
Prioritizing shareholders and short term gains over employees is the status quo. We focus only on growth, and companies could care less about the people who dedicate so much of their time to the company
Don't get fooled, not a single software developer was replaced by "AI" this is a stock manipulation happening in real time.
Just here to read the comments from GenX tradesmen who can barely work their mobile phones comment on the tech sector (or their understanding of it 🤣🤡).
GenX tradesman are such losers making 80-90,000$ a year. And yes, these losers are in such high demand they don't have to worry about losing their jobs unlike intellectual prestigious tech workers. sarcasm.
( Comment made by GenX tradesman)
CNBC ALSO Did a segment on why male workers are not working anymore a week or so ago. Well I guess this is the follow up story!
It’s so funny people going “wow Twitter cut 80% of its staff and it’s doing great!”
Meanwhile twitters revenue is down to the lowest it’s ever been and they’re losing more money than they ever were prior to firing all that staff lmao
Taylor John Taylor Paul Williams Richard
0% interest money had a good run.
Tech is super unstable if you could work from home that means so can a Philippino or south American with perfect English for a lot less and AI
🎯
And once those people they think they can pay less start getting like their neighboring countries then the jobs will comeback here. The Asia continent is now beginning to ask for the same salaries and to be paid in American dollars. That’s what happens when you hire them over here and give them green cards.
*LEARN TO FLIP BURGERS!!!*
marx warned ya'll.
If you film yourself being laid off you sorta already knew you weren’t meeting expectations lol
Thats the reason they give to keep unemployment tax from you
this!
"Not meeting expectations" is just the excuse they use to get rid of you, regardless of the truth.
@@coolguy5555551 no doubt but she’s an account exec. Aka sales, that’s cut and dry.
Also agree @HDReMaster
Honestly Brittney Peach is good enough looking she definitely has other prospects lol
They're going homeless
i know some that works in Meta. He said only about 15% of actual tech works were laid off and most of the layoff were part recruiting , HR, PM, and other non tech posistions
Most of those positions bring no value. Our PM left and productivity went up. We don't need mom to read us JIRAs and waste an hour every morning.
@@alb12345672Thank you. A host of wasted space with middle management.
mcdonalds
07:00 AI will result in lazy JOURNALISTS fired forever and I'm hungry to see it.
They need to put on some coveralls on and go work in the field to farm, do some plumbing, electrician work, carpentry, and bricklaying.
Boom and bust.
Don’t forget .
USA economy had a boom from 2013 to 2023.
Boom to …..?
I expect a bust.
Sold all my USA stocks and converted all the usd to aud and bought shares in Australia etc.
They SHOULD be going to competitors and building up competition and potential company replacements, make their monopolizing business practices so blatant and public, that everyone will demand and vote for change.
2 percent figure coming from May 2023? That’s kind of outdated now and the AI hype is dying
If you don’t know what H1B status means it’s a work VISA to work in the United States (I think for 3 years when a company can renew it)
Potentially, most of the H1B VISA’s are from India 🇮🇳
@16:48 I love it when untouchable people "take responsibility". All that means is that no executives/managers are getting punished for screwing over the chaff employees.
Love the videos, don’t like these “marathons”. Address the question within 5 minutes
This is all a result of over-hiring during the height of the pandemic in 2020/2021 and the further move into automation and AI. A lot of jobs that seem to be eliminated in 2022/2023 were in marketing, product development, and anyone hired as an addition to a team instead of replacing a departing team member.
Any job seekers out there when interviewing should ask if this position is replacing someone, or has been created due to increased business growth and/or need. The answer will tell you if you'll be the first one let go in a lay off or if you might survive a few rounds.
The Canada section got a snicker. We've lost like 15% of our workforce to the US since the pandemic, and the unemployment rate now is at least twice as high. Ooof.
Such BS i never got severance they changed job role more than 50% and forced me out with no goddam pay. I am trying to pick up the pieces luckily wwithout family and friends id be on the street
It is about pivoting to high value product offerings.
Its just a business cycle. These young people have never seen one or lived through 2008. It's part of life.
When you get a high paying job you are the first to go. There are more stable jobs in the tech sector but they are boring and lower paying than the mega cap tech companies.
That Brittany girl is simply playing victim. No one forced you to get a high paying tech job
That being said, i don't see management being laid off at the same rate as employees even though its their mess and usually they are higher paid.
AI isn’t that great. If AI is so great why known of these companies globally are not letting AI run their companies. Over hiring and interest rates increasing is the reason every sector is laying off. Plus companies need to make their investors happy. If you think AI is the reason for all mass layoffs you’re kidding yourself.
They are living off the little money they made while others are into gig work
If the majority of Americans decided to run their own businesses, then there'd be less employees and more owners which translates to better competition amongst companies within the economy and transforms into better quality products for lower prices for consumers.
Lol, let's get this straight, if you are not doing coding or tech related stuff, you are just a normal employee at a tech company, not a tech person. A non-tech staff is easily replaceable. Did you do at least 200 leetcode to get employed?
Are you better off today than you were four years ago?
I love the fact they get fired through the tech they work for it’s great 😂😂😂
At this point, I think you can say that tech is making the world harder to live in. Not that its bad, its because its good. It being good means, we dont need as many people to work. The 90s caused an explosion of new things where we still needed people, but after that, we saw the other side of tech which it simply reduces jobs, which is the goal for companies. We are at a point where tech is not creating new jobs for people as it takes their old one away, like in the 90s. There was a time when it simply changed what people did and people were more powerful. Now, you dont need an army of accountants, you can buy some software and have far less of them. That was the goal of all this tech, but the impact is, its finally so useful that less people are needed and there is now no great place to go for an office job. None of this is AI related. AI is just another thing that does stuff that maybe can replace a person.
Ai is the hurricane floods of the tech industry
sucks we suffer from the lack of good leadership in these layoffs. They can’t get an analyst to help? what’s all the money for if you can’t hire someone to help you babe it
Cory Stahle was the only one who got it right about AI in this segment . Everyone else was just talking out of their ass and trying to make people fearful for the future.
CNBC, it would be much more efficient if you cut the dramatization and get right to the point. 1 hour is a lot of time.
A common argument I see for things is that the ability to produce more will lead to more competition a increased supply leading to a reduction in price, that will lead to it becoming accessible to more people increasing demand negating job loss as while yes some jobs disappear and some tasks need less people, you end up needing the same or more over all because of the scope of what you are making.
However, this is simply not the case anymore, especially in the tech sector where we are done nearing the peak market demand. Social media sites are nearly global and used by most people that have the ability to even use them. The new technology now is also another level of innovation. Yes you need someone to manage the AI and you need some techs but this isn't one machine replacing 2 people, its one thing replacing 20 or more while only providing one or 2 new jobs and with there being no market to grow into. Also its ignoring the fact that we are requiring even the most basic jobs to be highly educated. So its not like a self driving car will need the typical repair guy to do maintenance and a software guy to work on the AI. We are just going to expect the repair guy to do the tech stuff to as we fire the guy that was driving the car
We need to change the way we work and stop allowing companies to dispose of employees, it should be as easy and without cause.
Only at Boeing you don't get laid off but get big raise.
they are going to the Republican party
you don't need huge no of tech in H1B - immigration after AI.
Not going to AI, they are almost out of money. Learn a trade … that has job security
At least they told her. Most just got their badges deactivated
I'm driving for Lyft now lmao
"learn to code" didn't age that well
They should learn to code.
these tech losers gotta get a real job lol
Neo did it again! 🤣🤣🤣🤣🤣🤣
16.m employees is insane
Go into the trades
No job is secure
skip the video
bhaad me ja rahe 😂
Short answer $$$
McDonald's
Bidenomics
Good news
🏠
How big the term Generative AI might sound like the companies need to understand how largely inaccurate and inconsistent there results are. Also we need to consider the immense cost for developing these AI models. It's an another bubble in formation.
They understand! It’s just poor journalism and looking for sound bites are more important then just saying our government and Congress screwed us to fulfill their lobbyists agendas and receive luxurious gifts and money.
Mom’s basement
😂 sad truth
Why are you hyping AI, AI is just another hype created by big tech firms. There is extremely low use case. Those thing AI does can be done by simple business rules then why to spend so much money and energy resources. Don’t fall for this AI crap.
They’re going Back to India 😂
That Brittney girl is so entitled
They cut alot of the fat. If you are useful and essential they wont get rid of you.
ai can write code now
People who had good metrics were laid off too.
“2/3 of tech workers are men, but more than 1/2 of those laid off were women” Yeah when you’re a tech company looking to cut headcount, you’re more likely to offload redundant non-tech/ non-primary tech roles ( which are typically held by women)🤷🏼♂️. Factor in AI, which replaces the vast majority of low skilled programmers ( bootcamp/self-taught developers) and you have a layoff galore.
Uber and Lyft and if they can’t do those uber eats
First comment
No more woke cushy tech jobs. Boo Hoo. It's heartbreaking. Not
Tech workers don’t do work. Most of them just want yoga sessions and work from home which isn’t really work .
That’s not what tech workers do. The cars you buy, the appliances you use, the engineers you do building your parts to every day devices you use, this platform you come on to spew your thoughts, the tools you use to build with, the electricity you use to run your lights, the solar panels that some people use, the tv’s you enjoy, the software you use to stream with, are all done by technicians.just because you watched a day in the life of software engineer doesn’t mean that those videos are accurate. If the videos on social media was accurate you all will see follow up videos that say “ A day in the life of sued ex software engineer” because all of them signed NDA’s stating they can’t show their work. So the majority of those videos are fake and the majority of them got laid off.
@@JoeJoe0408 that’s true. There are some great tech workers . Much more intelligent than me. I’m just directing it towards the group of tech workers that think life is easy and who look down on people that don’t work from home .
How did she know she was getting fired? Filmed for attention