So, yeah I'm terminally online but also pretty damn successful in life by most measures. With that comes being involved with business a ton. My current role is a Senior Program Manager in a global enterprise you've surely heard of. Let me break some of this shit out for everyone.
Let's start with the Tech sector lay-offs.
---Tech Layoff's---
All of the companies going through these mass layoffs (NCR, Oracle, SalesForce, Microsoft and now Google) share a few things in common.
All of them during 2020 "Overhired" for their entry - mid level IT and HR departments. Rather than use contractors to pick up the slack from 2020, they went the FTE route because they thought it would save them more money not having to pay the contracted rates. HOWEVER, the overhead on this bit them in the ass by not accounting for the rapid depreciation of their physical assets (Namely, office space lost via WFH) and the logistics issues getting parts and other supply chain related items.
Work is slowing in IT right now, from cloud providers to service hosts everything is switching to a SAAS model which means you need far less resource in Help Desk, Field Support and Business Analysis.
Along with point 2, comes the need for LESS recruiting and on-boarding staff. So Recruiters, HR specific roles and Director positions get axed as was the case for Salesforce as an entire department was no longer economically viable.
WEF/DEI pullback. At the C-Suite and Board level, investors are getting very very skiddish with their direction and commitment to their "Venture Capital" for a LOT of the smaller start-up's. This is kicking the entire IT industry while it's down.
Layoff's of low-mid level workers are going to continue until demand picks up via a major service or outage. "Cutting the fat" is paramount for most companies now and this is actually come to form from Elon gutting Twitter. (Rightfully also, shit was funny.)
They aren't letting people go for shit like in the OP. In fact, this sort of behavior is ENCOURAGED by almost everyone because it cuts out the need for candidate buy-in. Gals like this are likely on LinkedIn with a ton of followers drawing top candidate talent to these companies without the need to promote/recruit externally. She gets her 15 seconds of fame, the company gets positive PR for employee wellness. It's a win/win.
Additionally, it's best to think of these layoffs NOT as a sign of "Ah shit 2008, here we go again!" but treat it more like a stock market correction. Companies over-leveraged their budget for the fiscal year and do not have the CapEX work to make up for it.
Edit: IF you are in IT. The MOST SECURE place to be right now is in Cyber Security and Public Service (Private Energy Companies, Security Contracting, MFA/Role Based Integration..etc.)
I'd say the safest place to be is wherever has competent leadership, and where you are trusted by upper-management. With the collapse coming, I don't think anyone is truly safe, and I doubt the public sector is capable of being competent.
They aren't letting people go for shit like in the OP. In fact, this sort of behavior is ENCOURAGED by almost everyone because it cuts out the need for candidate buy-in. Gals like this are likely on LinkedIn with a ton of followers drawing top candidate talent to these companies without the need to promote/recruit externally. She gets her 15 seconds of fame, the company gets positive PR for employee wellness. It's a win/win.
Very informative post. However, re: this point, this girl was just laid off for some reason
Oh boy here we go.
So, yeah I'm terminally online but also pretty damn successful in life by most measures. With that comes being involved with business a ton. My current role is a Senior Program Manager in a global enterprise you've surely heard of. Let me break some of this shit out for everyone.
Let's start with the Tech sector lay-offs.
---Tech Layoff's--- All of the companies going through these mass layoffs (NCR, Oracle, SalesForce, Microsoft and now Google) share a few things in common.
All of them during 2020 "Overhired" for their entry - mid level IT and HR departments. Rather than use contractors to pick up the slack from 2020, they went the FTE route because they thought it would save them more money not having to pay the contracted rates. HOWEVER, the overhead on this bit them in the ass by not accounting for the rapid depreciation of their physical assets (Namely, office space lost via WFH) and the logistics issues getting parts and other supply chain related items.
Work is slowing in IT right now, from cloud providers to service hosts everything is switching to a SAAS model which means you need far less resource in Help Desk, Field Support and Business Analysis.
Along with point 2, comes the need for LESS recruiting and on-boarding staff. So Recruiters, HR specific roles and Director positions get axed as was the case for Salesforce as an entire department was no longer economically viable.
WEF/DEI pullback. At the C-Suite and Board level, investors are getting very very skiddish with their direction and commitment to their "Venture Capital" for a LOT of the smaller start-up's. This is kicking the entire IT industry while it's down.
Layoff's of low-mid level workers are going to continue until demand picks up via a major service or outage. "Cutting the fat" is paramount for most companies now and this is actually come to form from Elon gutting Twitter. (Rightfully also, shit was funny.)
They aren't letting people go for shit like in the OP. In fact, this sort of behavior is ENCOURAGED by almost everyone because it cuts out the need for candidate buy-in. Gals like this are likely on LinkedIn with a ton of followers drawing top candidate talent to these companies without the need to promote/recruit externally. She gets her 15 seconds of fame, the company gets positive PR for employee wellness. It's a win/win.
Additionally, it's best to think of these layoffs NOT as a sign of "Ah shit 2008, here we go again!" but treat it more like a stock market correction. Companies over-leveraged their budget for the fiscal year and do not have the CapEX work to make up for it.
Edit: IF you are in IT. The MOST SECURE place to be right now is in Cyber Security and Public Service (Private Energy Companies, Security Contracting, MFA/Role Based Integration..etc.)
I'd say the safest place to be is wherever has competent leadership, and where you are trusted by upper-management. With the collapse coming, I don't think anyone is truly safe, and I doubt the public sector is capable of being competent.
Very informative post. However, re: this point, this girl was just laid off for some reason
Likely unrelated to the social media post. I'm not saying they cannot be laid off, just not for what the OP is implying.