It is, at least in my experience. Further, my recently laid off colleagues have been trying to find work for months, some of whom have been applying for jobs that would require pay cuts, with no luck.
Pretty much every job listing in the tech space gets hundreds if not thousands of applicants because the layoffs have not stopped for three years. You can see what I mean at layoffs.fyi. In tech, 60,000 so far this year, 153,000 in 2024, 264,000 in 2023, and 165,000 in 2022.
That’s not even counting those that graduated in the last couple of years. Those people are in an extra bad spot because they have a large amount of college debt with no way to make their payments.
All of STEM is suffering because of corporate greed and rising anti-intellectualism.
All of STEM is suffering because of corporate greed and rising anti-intellectualism.
How do I say that even … it’s normal. When you are talking about infinite growth being unsustainable, that means that at some point the industry should implode.
They have sort of an oligopoly and stagnation now, which is why all these layoffs happen - the “AI” solves some problems cheaper than people, even accounting for the worse results.
But if we imagine the industry suddenly destroying that oligopoly and becoming interesting again, it still would require less people.
I’m not saying there wouldn’t be layoffs without it, but it certainly would be better. I know from experience that a lot of the people that were laid off were a critical part of the team, and those that remained had to bare that load. It has burned me out several times, because I’m doing work that should be done by two or three people.
It is, at least in my experience. Further, my recently laid off colleagues have been trying to find work for months, some of whom have been applying for jobs that would require pay cuts, with no luck.
Pretty much every job listing in the tech space gets hundreds if not thousands of applicants because the layoffs have not stopped for three years. You can see what I mean at layoffs.fyi. In tech, 60,000 so far this year, 153,000 in 2024, 264,000 in 2023, and 165,000 in 2022.
That’s not even counting those that graduated in the last couple of years. Those people are in an extra bad spot because they have a large amount of college debt with no way to make their payments.
All of STEM is suffering because of corporate greed and rising anti-intellectualism.
deleted by creator
How do I say that even … it’s normal. When you are talking about infinite growth being unsustainable, that means that at some point the industry should implode.
They have sort of an oligopoly and stagnation now, which is why all these layoffs happen - the “AI” solves some problems cheaper than people, even accounting for the worse results.
But if we imagine the industry suddenly destroying that oligopoly and becoming interesting again, it still would require less people.
I’m not saying there wouldn’t be layoffs without it, but it certainly would be better. I know from experience that a lot of the people that were laid off were a critical part of the team, and those that remained had to bare that load. It has burned me out several times, because I’m doing work that should be done by two or three people.
Then it’ll even out after some time.
I sure hope that “some time” is coming soon, because I’m exhausted after three years and counting.
A couple more world wars with a depression, something like that. Just 20 years more