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/tech/ - Technology

"Technology reveals the active relation of man to nature" - Karl Marx
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File: 1675444496276.png (336.64 KB, 965x725, glegle wharf rat.png)

 No.18298

I keep seeing news about tech companies having huge layoffs and doing salary cuts. Is it going to collapse? Are software engineers going to paid how much their work really is worth (i.e., next to nothing)? Should I start looking for a new job?

 No.18299

Quantum computing?

 No.18300

Uh there's a global recession underway
Jobs might start to come back in a few years but until then it's choppy waters

 No.18303

>>18298
Good.

 No.18306

>>18298
the only reason there's layoffs is because the tech giants overhired during the pandemic. It's always better to have a hard skill than not have one

 No.18338

>>18306
What's a hard skill?

 No.18339

>>18338
A skill that makes your dicc hard.

 No.18343

>>18339
Imagination?

 No.18363

Big tech is definitely going down the tubes.

But the real question is: what isn't a bubble in this economy that can't handle any interest rate beyond 0%.

 No.18470

>>18298

Oh yeah, it's just due to silicon valley retards thinking they are untouchable.

 No.18471

>>18339
Are you telling us all to start up doing porn freelancing? Would anyone pay to watch me jack off to cute anime girls?

 No.18492

File: 1676856221099.png (258.71 KB, 1280x720, ClipboardImage.png)

https://lunduke.substack.com/p/q1-of-2023-the-most-tech-layoffs

"Between December of 1999 and January of 2001 (14 months) — during the height of the Dot Com Bubble Burst — we saw a total of 54,343 employees laid off (or lose their jobs due to Tech companies going out of business).

This was, at the time, considered to be catastrophic. And, in oh-so-many ways, it was.

Want to really freak out?

The current total of Tech layoffs over the last 13 months… is now 260,532. Almost 5 times the number of jobs lost during the Dot Com Bubble Burst. Here’s a chart to drive that home."

 No.18495

>>18492
Can you normal that to total tech jobs?

 No.18511

>>18495
https://www.techrepublic.com/article/us-tech-industry-had-12-1-million-employees-in-2019/
12.1 million in 2019
https://www.census.gov/newsroom/press-releases/2016/cb16-139.html
https://www.census.gov/library/visualizations/2016/comm/cb16-139_itworkers.html
3.4 million in 2000
https://www.statista.com/statistics/200008/number-of-hires-in-the-us-information-sector/
another chart…

i guess its about the same as the dot com bubble burst in scale then

 No.18513

> "The Lunduke Journal of Conservative Nerdiness" - The only place in The Lunduke Journal world where politics are allowed. Politics… from a nerdy perspective.
Why would anyone listen to this retard?

 No.18521

>>18513
he mostly talks about new releases of popular software like desktop environments or that linux hardware manufacturer often with the vendors themselves. then he also makes videos about gadgets he bought and how he "lives in the terminal" or doesn't when using kdenlive.
i used to regularly put his videos on when i got into linux. in hindsight it was a massive waste of time that didn't make a lasting impression. except i remember what brendan eich looks like and he told this story about steve ballmer spitting in his mouth while he was working at microsoft at least a dozen times.
there are worse people out there though. like someone resembling the gentoo user meme, who makes weekly linux news videos together with a similar looking black guy and eats on camera.

 No.18578

File: 1677346262275.png (319.13 KB, 682x399, intense-typing.png)

https://arstechnica.com/gadgets/2023/02/google-has-gotten-so-cheap-employees-now-have-to-share-desks/
Google can't even afford to have offices now.

 No.18742

So this Silicon Valley Bank thing… is it beginning?

 No.18774

They usually fire people in specific projects then hire others for new ones I think. Basically helps keep their secrets by firing and hiring new people all the time.

 No.18931

It's just techbros that thought they were untouchable and cool™ that are learning the hard way that they should have unionized long ago.

 No.20078

Good.
Hopefully it will put a damper on the stemlord dick wagging.

 No.20080

https://www.theglobeandmail.com/business/article-tech-workers-layoffs-industry/
Workers from the hard-hit tech sector find stability in traditional industries
>Laid-off tech workers are increasingly moving into mainstream industries such as banking as they trade the excitement of startups for the stability of long-established companies in traditional sectors.
>While tech companies scramble to cut staff to reduce costs, after swelling by as much as a third during the first years of the pandemic, many tech workers are now looking for opportunities outside the industry, despite its reputation for high compensation, fast-paced projects and intense work culture.
>The result: Some of Canada’s largest companies are reaping the benefits in scooping up talented tech workers.
(Continued)
FAANG is definitely an endangered species, but the demand for tech workers in the general economy is still there

 No.20081

>>20080
FAANG are long-established companies, not startups.

 No.20082

>>20081
They're different, though. Their business is specifically built on disruptive tech services, which is why they're constantly absorbing newer tech companies and investing into research and development, even if they have some more or less reliable flagship services.

 No.20083

>>20082
FAANG is just short for Facebook, Amazon, Apple, Netflix, Google. They are pretty much all mono- or duopolies. They are not disrupting shit, they are buying up potential competition.


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