Oh, wait.
Microsoft has said it will cut 10,000 jobs by the end of March, in the latest sign that layoffs are accelerating in the US tech sector as companies brace for an economic downturn.
The layoffs will result in a charge of $1.2bn in the second quarter of its fiscal year, Microsoft said.
Bill could sell some farmland, keep those employees on the payroll.
Always the same cycle.
1) The scum who rule us create a fake crisis
2) Their media instruct us that we must lose more rights and freedoms as a result
3) Their privately-owned money counterfeiters increase the money supply to fund this effort
4) Their corporations profit
5) The cost of everything rises due to the inflation they caused
6) Their media create spin to confuse people as to what caused the inflation
7) The people get poorer and move closer to slavery
8) Their media push the idea that the solution is an election
9) The people go back to sleep
10) Repeat
Yeah, my list is:
Basic progressive tactic:
1) create fake issue to get elected by low information voters
2) fake data to promote how bad issue is
3) create bureaucracy to fight issue
4) collect tax dollars
5) scatter tax dollars to friends and family
6) announce (and re-announce, and re-re-announce) worthless projects and goals
7) don’t meet goals
8) blame your enemies for failure
9) increase size of bureaucracy and re-set goals
10) repeat until re-elected
Solution: Create a real crisis for them.
I read a comment that those who have learned to code will be fine. But they won’t, for now. Nobody is hiring and many (the big companies especially) are laying off. So good luck going from one gig to another, even with talent – for now.
I also read that people go bankrupt slowly, then suddenly. My Porsche-o-meter says slowly. More cars being listed, a few price drops, but nothing yet. I’m a patient guy. Maybe late 2023, early 2024. The garage awaits the suddenly.
I work in this industry. The people getting laid off are not the senior software engineers, they’re the useless eaters – the sales and marketing people, the developer evangelists, the JavaScript “developers”. The real software engineers keep their jobs.
My company just had to lay off a third of its staff because our investors made it a condition of our next round of funding (we’re a startup, we don’t have to be profitable). Only half a dozen of those let go were software engineers, that was more about politics, and every single one of them already has a new job after only two weeks.
There’s lots of hiring, it’s just limited to people with proven skills and track record. I get multiple hits a day from recruiters looking to fill positions.
That warms my heart. Do you need someone who claims to be proficient in Fortran IV?
If that’s you, then you have my condolences (former victim of WatFor)
Yeah, it’s me. But I also program in COBAL so I’m not worried. Just waiting by my rotary phone.
Just heard crypto company Genesis is filing for bankruptcy.
I remember when COBOL-74 was new.
I can’t disbelieve Musk when he said Twitter had, what, 10 people not-coding for every coder.
I work with some great coders. Many of the older ones, though, have “ghost retired” or whatever they’re calling it. New blood is…ok, I guess.
I’m a customer service type (no…not a “is your computer on, sir”…but that’s where you have to start sometimes), and lets just say I’m glad I’m not actually one of our customers.
Microsoft has more lawyers than coders. As such, its more of a corporate lobbying/bullying outfit than a software outfit.
Of course, that won’t get people to stop using their products, even when free alternatives exist.
When people see these breathless “OMG Big Tech Company Lays Off Thousands!!” they really have no idea how many non-engineers these companies really employ. My tiny startup is one-third engineers, two-thirds non-technical, and we’re desperate for senior engineers. We just can’t find them.
You mean you’re unable to hire any of the countless thousands who used to work in the coal industry before Red Rachel “helped” them transition? The NDP was pretty repetitive about retraining them…
Good thing there wasn’t a RED WAVE last November … so we can continue business as usual. Thank you Tech megaliths! For holding-off your firings for two months. Yes … this too … is election interference. Beware interlocking Government-Corporate Directorates
An under reported aspect of Musk’s Twitter take over is about 70% of the employees are gone and the platform continues to run. It is no surprise shareholders and boards are asking about deadwood in tech companies.
I hear that 500 companies have stopped advertising on Twitter.
If Conservatives had any brains/balls they would publicize and boycott those Anti-FreeSpeechers.
If.
I literally learned to code in the late 90’s. I bought a computer and some textbooks, and just started working.
It’s overrated. It’s boring. But we aren’t suffering from an overabundance of software developers and engineers. Over the years, the bulk of the employees working at tech companies have become people who don’t code, and don’t create technology. I suspect that most of the layoffs are people like that.
I wonder where the bulk of coding takes place?
Is it in places like Microsoft, Oracle and Google, or is it the millions of little guys coding C or micro-python microprocessors in their basement to run their home automation, plant watering and other wee process controls?
remember when they dismembered Dome. they found that 90% of the people had nothing to do with oil and gas.
Microsoft just paid $68 Billion plus for Activision Blizzard gaming IN AN ALL CASH TRANSACTION. From what I understand…Blizzard is the primary on World of Warcraft (which has screwed the pooch with their player base…so much so that they are having very poor participation on their most recent launch expansion which was suppose to redeem their brand and make Microsoft’s purchase worth it). In addition, Blizzard has all kinds of sexual harassment lawsuits pending on a civil basis, and a criminal basis with the State of California.
To add insult to injury, the FTC is trying to block the purchase…which ties up the funds indefinitely.
“Blizzard has all kinds of sexual harassment lawsuits pending on a civil basis”
Ah…so the show “Succession” is kind of a documentary then…
‘Learn to Keypunch’…
https://scihist-digicoll-production-derivatives.s3.amazonaws.com/84525ca9-742c-4883-a4c4-b3fa8189ae77/download_medium/29fbcc8473b29acd31bd97187f884d27.jpg