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:

https://www.theverge.com/24048636/ebay-layoffs-1000-employees-january-2024

https://arstechnica.com/google/2024/01/google-ceo-sundar-pichai-promises-another-year-of-google-layoffs/

https://edition.cnn.com/2024/01/24/tech/sap-restructuring-ai-jobs-intl-hnk/index.html

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

https://www.brokentoys.org/ludum-mortuus-est/

All in all, rough seas ahead for the techbros.

 

[Back me up!]

That would be great. Too many uncomfortable questions for HR to correct anyone

I have kids and I'm honestly gonna tell them to put down Hispanic on any form. Just tell them you got a grandmother from Argentina and if ask any more questions call them a racist.

 

[Smoke Manmuscle]

Not too far to imagine, New Jersey and the general North East is dotted with hundreds of formerly high-flying corporate campuses that have been left empty after waves of bankruptcy and consolidation.

All of these are awaiting redevelopment into housing over time, usually being sealed up, or at worst, demolished and left as empty land.

Watching Bell Labs die in the 90s-2000s was just fucking depressing.

When it comes to jobs I’m laughing at all the techbros expecting $250k for a job in the middle of nowhere. My former company has been looking for a fullstack developer for over a year now but no one wants to do the “boring” coding of HMI, PLC and production management.

I’m laughing as my current job is desperately looking for engineers but they have to be mechanical or industrial. That plus the fact that it is in “flyover country” and you are expected to be out on the production floor has kept the DIE idiots from applying. None of them want to get dirty and greasy.

 

[Ahriman]

On the flipside,

 

[Synthetic Smug]

Embrace group, the dickheads who bought up loads of studios and sat on them, has cancelled 29 games in development.

It's only a matter of time before more lay-offs come from Embracer.

Their publicly available quarterly report shows them continuing to bleed red ink with Asmodee division(French holding company that owns multiple tabletop game companies) being the majority of their profits for the year.

Likewise they have at least one job opening that suggests that they're going to do low-rent 'remasters' of old IPs they own. Problem is, Nvidia has unveiled a free feature to let you upscale and improve assets with AI, so even this slimy move is in jeopardy.

 

[Whoopsie Daisy]

Watching Bell Labs die in the 90s-2000s was just fucking depressing.

When it comes to jobs I’m laughing at all the techbros expecting $250k for a job in the middle of nowhere. My former company has been looking for a fullstack developer for over a year now but no one wants to do the “boring” coding of HMI, PLC and production management.

I’m laughing as my current job is desperately looking for engineers but they have to be mechanical or industrial. That plus the fact that it is in “flyover country” and you are expected to be out on the production floor has kept the DIE idiots from applying. None of them want to get dirty and greasy.

If your company hire bongs I'll give it a whirl for a few months. Sounds like a laugh.

It's not just techbros avoiding those jobs though. Many people lack the talent or ambition to handle responsibility. Most want to come and do nothing/as little as possible, steal a wage and go home because they think it's their right. Sucks to be them come recession time.

 

[Ahriman]

https://www.bbc.com/news/world-africa-68330701

https://www.businessinsider.com/meta-facebook-worker-tech-layoffs-severance-pay-mark-zuckerberg-dei-2023-2?op=1

 

[moocow]

Zoomers are in for a tough one once they realize those government jobs are only meant for Niggers.

I'm legit surprised they hired any whites in the first place.

 

[blargenheimer]

Most want to come and do nothing/as little as possible, steal a wage and go home because they think it's their right.

Is that not capitalism and the pursuit of happiness?

 

[TowinKarz]

Zoomers are getting crafty.

View attachment 5734522

https://fortune.com/2024/02/12/gen-z-government-jobs-money-student-loans-forgiven-layoffs-stability/

Also, not related to IT,

View attachment 5734521

https://www.flightglobal.com/air-transport/heart-makes-redundancies-to-support-shift-in-strategic-focus/156967.article

I'm laughing at loud at these clowns.

$145 million and 200 bodies isn't enough to develop a new conventional aircraft, let alone one that requires magic bullshit tech to work..... and all those companies that said "we'll buy one" only did it to raise their own investor score by signing on to a "green" initiative.

Rolls-Royce, who've been making airplane engines since WWII pulled the plug on their "hybrid" division this year, admitting there's no possible profit in it.

If they can't do it, these guys can't either.

 

[Kuritan Deplorable]

I'm laughing at loud at these clowns.

$145 million and 200 bodies isn't enough to develop a new conventional aircraft, let alone one that requires magic bullshit tech to work..... and all those companies that said "we'll buy one" only did it to raise their own investor score by signing on to a "green" initiative.

Rolls-Royce, who've been making airplane engines since WWII pulled the plug on their "hybrid" division this year, admitting there's no possible profit in it.

If they can't do it, these guys can't either.

As taxpayers, we're the clowns at the end of it. The plane doesn't have to be profitable, its subsidies and "Green Grants" from firms looking to buy environmental projects to balance the sheets that're funding a bunch of engineers and pocket lining. Shouldn't be much surprise where that money is coming from at the end of the day. Even the series B investors, if it flops it writes off, and thats tax revenue lost something else has to cover.

 

[Doppelmonger]

On the flipside,

View attachment 5737491

How does that job offering would work?

>>Tell me bitch how deep you want me to push my floppy into your dirty port?
>>Oh yes Admin, put it in so we cumpile together

 

[74164978231]

As taxpayers, we're the clowns at the end of it. The plane doesn't have to be profitable, its subsidies and "Green Grants" from firms looking to buy environmental projects to balance the sheets that're funding a bunch of engineers and pocket lining. Shouldn't be much surprise where that money is coming from at the end of the day. Even the series B investors, if it flops it writes off, and thats tax revenue lost something else has to cover.

Exactly. Anything related to "green" or being environmentally friendly is nothing more than taxpayer grifts all the way down.

 

[Car Won't Crank]

I'm laughing at loud at these clowns.

$145 million and 200 bodies isn't enough to develop a new conventional aircraft, let alone one that requires magic bullshit tech to work..... and all those companies that said "we'll buy one" only did it to raise their own investor score by signing on to a "green" initiative.

Rolls-Royce, who've been making airplane engines since WWII pulled the plug on their "hybrid" division this year, admitting there's no possible profit in it.

If they can't do it, these guys can't either.

I think their business model is to get bought out by Airbus or one of their subsidiaries. It's the classic strategy:

1. Create vaporware product that hits all the current day progressive buzzwords
2. Create a tenuous bit of intellectual property that may or may not have real world use in any industrial application
3. Get bought out by a bigger player and founders get a massive pay day

 

[George Lucas]

Working for the government basically guarantees mediocre income for the rest of your life unless you take bribes.

 

[grump]

In a lot if not most big organizations only a small portion of the company performs the actual work. The government is stereotyped for this ineffficiency but its been present and is increasing in the private white collar sector as well.

In FAANG you have a small core of neckbeards who have no life and create and implement the tech that makes the companies billions and trillions for 6 figure peanuts. The guys at the very top who reap the lion share of the profits. And then the rest of the organization is devoted to paper shuffling and making sure the doodle on the front page is diverse enough. You could probably fire 75% of the staff and things would be the same or improve.

 

[Tealeaf]

No surprise here, Grammar and writing suggestions is one of the few things that the current Large Language Model paradigm of AI is genuinely equipped to completely replace. If your job is to help people write more goodly, your actually a genuine AI replacement candidate.

Grammarly is an (at least partly) LLM based offering. They are the AI replacement. If only their product was any good.

 

[Lobster Cult High Priest]

In FAANG you have a small core of neckbeards who have no life and create and implement the tech that makes the companies billions and trillions for 6 figure peanuts. The guys at the very top who reap the lion share of the profits. And then the rest of the organization is devoted to paper shuffling and making sure the doodle on the front page is diverse enough. You could probably fire 75% of the staff and things would be the same or improve.

Which is why Elon laying off over half of twitter, nothing changed.

 

[Scale Smerch]

In FAANG you have a small core of neckbeards who have no life and create and implement the tech that makes the companies billions and trillions for 6 figure peanuts. The guys at the very top who reap the lion share of the profits. And then the rest of the organization is devoted to paper shuffling and making sure the doodle on the front page is diverse enough. You could probably fire 75% of the staff and things would be the same or improve.

Musk firing the majority of Twitter proved that point in spades.

 

[Falcos_Commisar]

Working for the government basically guarantees mediocre income for the rest of your life unless you take bribes.

Well yes but it's extremely safe, you get a pension, loads of time off and essentially free healthcare

Trade-offs but if you can budget, government work is easy street

 

[TowinKarz]

I think their business model is to get bought out by Airbus or one of their subsidiaries. It's the classic strategy:

1. Create vaporware product that hits all the current day progressive buzzwords
2. Create a tenuous bit of intellectual property that may or may not have real world use in any industrial application
3. Get bought out by a bigger player and founders get a massive pay day

5 years ago? That was a feasible strategy.

But, these guys missed the boat (or maybe plane?) and nobody's going to touch it now as the economy keeps on tanking.

So, while they wasted a lot of my tax money greasing themselves up to slide into ownership of someone else, they at least didn't get their big payday they envisioned.....