Business Big Tech Layoffs Megathread - Techbros... we got too cocky...

Since my previous thread kinda-sorta turned into a soft megathread, and the tech layoffs will continue until morale improves, I think it's better to group them all together.

For those who want a QRD:


Just this week we've had these going on:

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But it's not just Big Tech, the vidya industry is also cleaning house bigly:

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All in all, rough seas ahead for the techbros.
 
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My sincere hope is these are the kind of useless positions kept afloat by the largesse of venture capital and easy loans that are drying up.

Things like the "trust and safety coordinator" , a "Feminism in Computer Science degree-holder who costs you six figures in annual salary, and the only thing they tangibly do around the corporate campus is get into arguments on social media with Trump supporters and then call her counterpart over at Facebook to ban them when she finally loses.
 
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Developers are fantastically overpaid at these companies. Entry-level software dev makes over $200K at most of them, while that would be a senior or principal position in virtually any other field of engineering, or development in some older software company (reminder that commercial software's been around since the 60s, tons of boring software jobs that pay less than half what a midwit code monkey at AMZN gets). If you actually lead a team, we're talking lead dev on some gay shit like a Roku app, that's $500K+. $900K at some companies. The problem is not just the DEI hires, it's that they've been paying unsustainable blowout salaries because their profit margins have historically been insane.
 
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FamicomGorby said:
So who are tech companies primarily laying off? Technical people or just all of the dead weight they picked up while interest rates were low? I.E. DEI people and people to work on risky projects that'll probably go nowhere.
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I can only speak for myself (Fintech industry) but it appears to be mostly massive purges of overseas (Poojeet) contractors and non technical roles, project managers, client relations ect.
 
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Another gamer moment.

In the meantime, artists with their head up their asses insist on fighting "muh AI" with... AI tools to obfuscate their works. While us in the IT/Tech sector understand that AI is not really an enemy, it's just another tool that we adapt to our workflows. So if anything, start learning everything you can about LLMs, it'll pay off bigtime.

Artists are the real luddites here.

 
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TowinKarz said:
My sincere hope is these are the kind of useless positions kept afloat by the largesse of venture capital and easy loans that are drying up.

Things like the "trust and safety coordinator" , a "Feminism in Computer Science degree-holder who costs you six figures in annual salary, and the only thing they tangibly do around the corporate campus is get into arguments on social media with Trump supporters and then call her counterpart over at Facebook to ban them when she finally loses.
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Anecdotally, its already happening in my works IT - Last year, they laid off six 'Culture coordinators' to free up budget for IT to get some BA's and Project Managers - And not random incompetents, everyone who came into the room was a greybeard, huge amounts of knowledge and actually knows how to best apply it. Admittedly, I'm not in big tech, but IT always trend chases Big Tech anyway, and this is no different.
 
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