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Bowl Leader
Thought this was interesting. Across 160 teams of researchers, just about all failed to make good life outcome predictions on things like GPA, evictions, layoffs, and others. Data followed 4.5k families across 15 years, with 13k features (varied over time). Haven't looked at it directly yet, but will be turning the docs and data inside out... In the meantime, authors claim this as showing the limits of ML. Oh, and it's published in PNAS, so you know there's some big publication energy there.
https://www.pnas.org/content/117/15/8398
Bowl Leader
Bowl Leader
Anyone hearing noise about layoffs?
Community Builder
Layoff in IQVIA?
@iqvia
Can I join in Nokia R&D unit for java, spring boot backend developer role considering current situation of layoffs in product based companies ?
Exp - 4 years
Tech stack - Java, Spring Boot, Microservices
EPAM Systems Cisco Nokia Dell Deloitte Deloitte USI Deloitte India Infosys Cognizant KPMG EY PwC Verizon Verizon Media Ericsson Huawei Technologies
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Has anyone used eharmony? Yay or nay?
Rising Star
Bowl Leader
I knew I had seen the name before somewhere...
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Twitter and meta -set those aside. Their mass layoffs were going to happen regardless
In general, it is more costly to raise capital (fed raising rates) , demand has gone down. And in many cases companies are preparing for the worst (it’s like dog chasing it’s tail, everyone predicting recession—> feeds into market sentiment ——> investors get nervous —> leads to actual recession) . In some cases, the pandemic fueled growth is slowing down and companies are shedding off extra weight.
Rising Star
I suspect it’s tech over-valuations and now profit can’t come from growth so it needs to come from cost cutting.
This. Very much this.
Chief
Doesn’t feel that bad because you make a shit ton of money. I’m not saying that’s a bad thing, but you sound incredibly low EQ if you can’t find what’s missing.
Chief
I mean, just compare what you make to the median family. Family, not individual, and ask yourself if you’d feel the crunch from inflation and the economy.
Lol, the economy IS burning down.
Obviously if you’re making $200k+ the economy doesn’t feel as bad
Chief
Couldn’t possibly be that
For context from today's Morning Brew, the announced layoffs from big tech is less than 1% of total tech workforce. There are plenty of companies in other sectors with a lot of openings for tech talent as well.. Hiring is definitely slowing, but I don't see unemployment growing.
Lol have you been listening to the fed?
Wall Street. Stocks go up when layoffs happen. It’s sad.
In the US (as opposed to Europe) hiring and firing is easy and can happen extremely quickly. As such, companies over-hire when the macro economics are favorable and over fire when things turn slightly negative...
These are mitigation measures to avoid complete burn out based on our actions in the recent past like 1. Printing trillions of dollars, 2. Drastic reduction of interest rates, 3. Massive hiring without assessment of demand 3.1- over valuation of assets and companies, 4. Socio-political- economic factors including wars etc. 5. Policies by government (includes migrants, healthcare ,etc) to name a few….
🙄
Chief
Expenses are outpacing revenue growth
Companies laying off are freaking out because their stock price dropped and so they are trying to appease the market.