More major layoffs coming to the tech industry. Meta announced they're laying off 8,000 people. How crazy is that? Are tech companies trying to one up each other to see which of them can cut the most jobs at once?

likehelpfulsmart
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

Who is going to be paying taxes when AI replaces all these jobs?

likesmart

You who have an income

like

One of the reasons why FAANG companies are laying off employees is improve profitability by reducing headcount where the high headcount was initially created due to highly internal political environments that rewards hiring bloat.

likehelpful
Recent IconRecent

Remember the scene on the movie "The Fifth Element", when Zorg laid off 50k then said make that 100k people?

At this point I fully expect people to hold managers at gunpoint not to rob them but just to force them to hire em.

Meta was way way way overstaffed with diversity hires that spent their days making tiktoks about the free lattes they get while never actually doing any work. It shouldn't be a surprise these companies are dumping dead weight now that their balance sheets are not looking great in the long term. Though, some are claiming its AI while AI just stands for another indian.

Related Posts

I have been going on interviews and noticed 2 department heads already assume I was laid off or fired due to a 4 months gap. I explained I left my last role due to short term health issues that have been resolved. Not even sure how to respond when they assume. Any advise? Thanks!

like

My managers manager is getting fired. Am I screwed?

My managers manager is the chief revenue officer.

likefunny

What if Elon Musk replaces Rajesh Gopinathan as the CEO of TCS?
All the useless managers will be fired?

funny

Hows the industry doing in MENA right now? Any worries about a potential crash? Are firms still hiring? Based in the US and everything is tense here with the recent tech layoffs

like

Any news on layoffs/recession in banking industry?

like

So no real layoffs?

If you got fired today would you have a Bach up plan? What would it be?

like

Layoffs. Most big firms say they're sitting on a conservative pile of cash - which I believe is true - but work will obviously not return to pre-COVID levels in the short term, probably not even in the medium term. Are Biglaw layoffs coming?

likefunny

Hi fishes,
Looking for a job change in sales industry, currently working with byjus and having to much toxic environment these days due to layoffs . Kindly recommend .

like

Heard BCG laid off quite a few people this summer. Is this true?

like

Just a joke, take it as a joke-
.
Recently Better (dot) com's employees were fired from the job.
If you are some HR/Senior management personnel and hiring them.
You should reconsider your decision as they will make your organisation BETTER. :-)

likefunny

Hi Fishes,

Need advice,

I recently got laid off by PS and my notice period just got over,

I have offers from:

PineLabs,

HealthKart,

Recro,

Rojo Consultancy

All are offering almost same ctc around 19-22 LPA,

I have 3 years of experience as a backend developer,

working on Spring Boot, REST API, Java 8.

Any help is really appreciated,

Thanks in Advance 😅



like

Soft layoffs at ProServe today ?

like

Laid off with 1 YOE. Do I include college Awards / Extracurriculars (have just one line to list each right now) ? How about SAT scores?

like

Hi!!
I am looking for a referral for Marketing/Product management role, lost previous job in a layoff.
YOE: 2.5

I heard UKG has fired many employees this year?
Is it good for job security?

Hi! This is post is for a friend who was recently laid off due to budget constraints at their company. They’re actively looking for new roles in Business Analytics, Finance or a combination of both. Any referral would be extremely appreciated.

like

Know this may be a long shot in terms of actual responses but:
@PPMDs, what are your thoughts on the current/impending COVID specific layoffs at your firm?

E.G. Glad for the opportunity to reduce the headcount of mid performing SMs with little/no chance of making PPMD? Sad to see a firm you’re a part of undergo such unforeseen circumstances?

like

Does anyone know the criteria used to determine who is selected to be laid off due to COVID?

like

How is the biz in tokyo since covid? Big layoffs like in the USA? All remote? Picking back up? Thank you.

like

More Posts

If anyone is looking to work for Stryker DM me. Can give more info and potential referrals.

like

Hi fishes, Tata Consultancy Tech Mahindra IBM Can someone please help to understand how much should be in hand as per below CTC breakup? Without any tax declaration? Also, on my cctc I have declared 70000 pa as hra so if I continue with just this much declaration then what will be inhand?
CCTC 7.5
YOE 5.9 (TOTAL) RELEVANT (4.10)
TECH CYBERSECURITY (IAM)

Tata Consultancy Tech Mahindra IBM

Post Photo
like

Hi Guys,

Please help me to understand my in hand salary as per below break-up....

Post Photo
like

Hey i am appearing in SFCC architect exam can anyone help if there is any preparation material available other than sfcc documentation.

like

Whats Average hike in Synechron yearly ?

like

What should one disclose/not disclose in an exit interview or should it be mum’s the word, don’t burn any bridges, any advice fellow fish?

like

Hi folks! I have 9 YOE in software and project/product management in industry software, I’m based in Europe. I found web 3 is the next area I would like to explore. I would like to take any consulting or full time ( remote/hybrid/on-site) jobs or co founder within web 3, NFT business domain to get my hands dirty. Any advice and opportunities would be highly appreciated!

like
like

Any tips on starting a Amazon FBA reselling business? I have 3 business partners.

like

Best place to buy club set in NYC for a beginner to intermediate player based on price and quality?

like

Larsen & Toubro Infotech has opening for roku and apple tv, dm if interested
#rokutv #appletv

Post Photo
like

I'm thinking I won't be getting promoted if not laid off at the end Q2 or sooner. What are some good exit ops for an associate with 2 yoe in tech consulting? Exp in Cloud, PMO, IT Risk, and SoD.

like

What’s the hiring market like in Texas for a 4th year investment management associate? I’m interested in Austin but understand there may be more opportunities in Houston or Dallas. Graduated with honors and on law review at a T14, if that helps at all.

like

Hello Everyone,

Does any of you know about cognizant softvision company? How is it, please reply

like

ConsultingHumor’s Instagram page (364k followers) did a massive compensation survey for top consulting firms in the US and internationally. Several thousand respondents with base and bonus salary for all the top (and some smaller) firms. Can be used when negotiating your next raise or to see if you want to jump ship to another firm. You can download the full spreadsheet of data at consultinghumor (dot) org

Post Photo
likehelpful

IBM: 14Lpa
DBS BANK: 18 LPA
Need your suggestions for long term
Tech: Java Microservices Yoe:4

like

How much can you eventually make with long term career in cloud consulting? $180k-$250k?

like

Any referrals for product development companies for 5+ years of exp in React and Next?

like
like

When you sell a dedicated website for a special deal, do you give the CRM for free? Is vTiger CRM your advice? Otherwise, what are your most common recommendations about CRM?

like

Additional Posts in Tech

Looking at a Facebook people strategy role and wondering if I’d have a higher chance at getting a first round interview if I was referred by a FB recruiter in a different department? I have another friend who is a FB benefits manager but he says 9/10 referrals of his don’t get one. Thoughts?

like

Looking for twitter referral. Anyone can help?

Thanks

like

I would like to upgrade my facets in terms of digitalisation.
Which area of IT is most in demand right now?

like

Just wanted to know how much a resource promoted to SA from A will make in Chicagoland area Vs a resource traveling from India to US in the same designation as SA in cognizant. YOE 11years.

like

Got rejected from one of my desired tech companies, it's agitating but at least they didn't ghost me.

like

So, what's the difference between Digital Deloitte and Doblin? Is Doblin within Digital? Are they competing subgroups? Just trying to wrap my head around Deloitte's innovation design structure...Deloitte

like

Hey!

I am starting a job at
Capital One soon as a senior software engineer.

I was wondering if people enjoy working as a SWE at Capital One? I’ve heard good things, but am curious to hear what others think.

like

Anyone picking up a new language during the lockdown? Personally I’m exploring Erlang and loving it so far.

like

I got an offer from Audible? How is the work culture and WLB? Does Audible also has PIP culture?

TC:240 K
Level: L6

like

Happy Monday afternoon to everyone except to those recruiters who ghost job seekers 👻

likefunny

I’m seriously enatkng to get into an SE role and have been searching for Associate Sales Engineers that do NOT require SE experience since I’ve none. It’s proving to be difficult. Most companies for some reason are requiring 2-3 years of experience for the Associate role. 😭 Any Sales Engineers who know of companies hiring those with no experience? I am in tech as a BDR already.

like

How do I measure what I'm "worth" in the market? I know YOE play a role, but I don't know how to measure based on perf or whatnot. What makes one person worth more than another for the same role?

like

What would you consider the “it” company of today in tech from an employee perspective (in terms of culture, growth, pay, etc) and what companies should be avoided?

like

Anyone have insight into the Microsoft Office of Responsible AI job postings? Three different titles and one has been reposted for six months. Are they looking for a real person or some sentient AI 🙃?

like

I was contacted by a recruiter with a job in the EV market, which is something I've been wanting for a while. Im at a comfortable point in my current position where I can do my job very easily, change would mean starting from zero again. What should I do? Any advise?

like

Are then any men out there willing to talk about imposter syndrome?

like

I just turned in my dates for a google interview for software engineer manager, does any one have any advice on any of the 5 interviews and how long the process normally takes? and would any one like to give a refferal? Thank you so much!

like

Tech companies who have gone remote since the pandemic: do you get a stipend for home internet or a mobile hot spot for when your home internet goes out? Some of my employees are having issues that directly impact their ability to join customer calls, but my company’s IT department doesn’t offer any support. Wondering if that’s still the norm.

like

Any CLT,NC businesses looking to hire for a Junior level Full stack developer / Junior Front-End Developer/ Technology Associate /Systems Engineer entry level / IT Support Engineer??

like

Recently joined Meta and want to give back to the community that’s been a huge support.

DM for a referral if you find an open role that interests you and you meet the listed requirements.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal