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  • Lessons were learned, they changed. They will be better next time. That's just how they show that they love you.
  • Not sure how any of this is their fault.  Covid caused their products to go up in demand.  Now that we are getting out of it (kinda sorta), their products' demand is going back to normal levels.
  • Geotpf: Not sure how any of this is their fault.  Covid caused their products to go up in demand.  Now that we are getting out of it (kinda sorta), their products' demand is going back to normal levels.


    Right?  The companies hired employees and paid them for the work they did.  Were they expecting to retire from Google?  No, they were expecting to change jobs every 12-18 months, playing one company against another for bigger signing bonuses and more shares.  Nothing wrong with that,  but if that's your game, sometimes you are going to lose.
  • People laid off in a recession. News at 11.
  • Geotpf: Not sure how any of this is their fault.  Covid caused their products to go up in demand.  Now that we are getting out of it (kinda sorta), their products' demand is going back to normal levels.


    I think this piece kind of nails it - everyone thought that the pandemic economy was an acceleration of things that were going to happen anyways but now it is looking like it was really sort of a bubble.  If you're running a future-oriented business and things get really hot suddenly, you're going to assume that's because the future is now.  If you were inclined to be cautious, you wouldn't be running that sort of business to begin with.
  • I'm suddenly so glad that I stuck with video production instead of caving to family pressure to learn to code when I was last unemployed 5 years ago.
  • iamskibibitz: People laid off in a recession. News at 11.


    What recession?  The media keeps yelling excitedly about a recession, but economic indicators say otherwise.
  • Fireproof: I'm suddenly so glad that I stuck with video production instead of caving to family pressure to learn to code when I was last unemployed 5 years ago.


    The large tech companies doing these layoffs all still employ vastly more people than they did in 2019, they just hired too much during the pandemic.  A lot of these layoffs are also being targeted at sales & marketing because online advertising has cratered post-pandemic.  But really, the hiring was just crazytown - Google added an entire Meta of employees between Q2-20 and Q2-22!

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  • That and shiatloads of money. The hubris came before the money.

    "Hey, we're gonna DISRUPT some shiat and if it hurts anybody other than us, oh well!"
  • They thought they were on a steeper growth trajectory and, so it was time to expand investment into new technologies.  That has pulled back.  No big deal.
  • TheYeti: Geotpf: Not sure how any of this is their fault.  Covid caused their products to go up in demand.  Now that we are getting out of it (kinda sorta), their products' demand is going back to normal levels.

    Right?  The companies hired employees and paid them for the work they did.  Were they expecting to retire from Google?  No, they were expecting to change jobs every 12-18 months, playing one company against another for bigger signing bonuses and more shares.  Nothing wrong with that,  but if that's your game, sometimes you are going to lose.


    I'm sure people leaving every 12-18 months has nothing to do with getting below inflation yearly raises.  Let's blame workers for some stupid reason.
  • Geotpf: Not sure how any of this is their fault.  Covid caused their products to go up in demand.  Now that we are getting out of it (kinda sorta), their products' demand is going back to normal levels.


    I think this is true, but its also true they axed a lot of longtime employees. So I'd bet they are trying to drive down compensation overall. If it was just too many hires, it would be a last hired first fired situation. But in some cases they are laying off while trying to rehire, like Twitter did.
  • MrSplifferton: TheYeti: Geotpf: Not sure how any of this is their fault.  Covid caused their products to go up in demand.  Now that we are getting out of it (kinda sorta), their products' demand is going back to normal levels.

    Right?  The companies hired employees and paid them for the work they did.  Were they expecting to retire from Google?  No, they were expecting to change jobs every 12-18 months, playing one company against another for bigger signing bonuses and more shares.  Nothing wrong with that,  but if that's your game, sometimes you are going to lose.

    I'm sure people leaving every 12-18 months has nothing to do with getting below inflation yearly raises.  Let's blame workers for some stupid reason.


    If you were at a big tech company over the past 10 years and getting raises below inflation you manager was trying to manage you out.
  • Fireproof: I'm suddenly so glad that I stuck with video production instead of caving to family pressure to learn to code when I was last unemployed 5 years ago.


    Coding is fine so long as you are doing something that is difficult for most other people to do. Usually something that requires a lot of math understanding or some other domain knowledge that isn't easily transferrable.

    Like with any job really, glad your career is working out.
  • How the unbridled hubris of _____________ got us all into this mess

    repeat every decade
  • Raptop: How the unbridled hubris of _____________ got us all into this mess

    repeat every decade


    I've thought about how this keeps happening. To oversimplify every recession of the last 40 years a bit:

    1992: Defense industry hurt by the end of the Cold War. You could arguably blame this on their unbridled hubris.
    2001: Unbridled hubris of the fledgling Dot-Com industry.
    2008: Unbridled hubris of banks when it came to handing out mortgages.
    2023 (?): Unbridled hubris of the tech industry again, or maybe the Feds unable to balance out the need to stop inflation with the need to keep the economy growing.

    /If a recession happens and it's the second one, it'll be the first one since 1992 not caused by painfully stupid mistakes.
    //Let's hope there isn't one.
  • I thought it was the same schoolboy game that got us into this mess.
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