The mother of all layoffs is coming

likeuplifting
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likeupliftingsmart

It won’t be the mother of all layoffs. It will be a rolling layoff over the next 1-2 years as each function and team are examined for efficiency and reduced based on output forcing them to adopt AI to make up for the lack of personnel.

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Yikes

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Huh

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Where at EY?

crunch base article on explosion of ‘operational efficiency’ mentions by ceos, trending up

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This has been the last year though - it will be interesting to see impacts of lowering rates (if that happens) and AI development (if it’s real).

As per a Crunchbase News tally.

Layoffs during the week ended May 31, 2024: At least 1,270 U.S. tech sector employees were laid off.

In 2024: At least 54,343 workers at U.S.-based tech companies have lost their jobs so far in the year.

In 2023: More than 191,000 workers in U.S.-based tech companies (or tech companies with a large U.S. workforce) were laid off in mass job cuts.

In 2022: More than 93,000 jobs were slashed from public and private tech companies in the U.S.

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Still?

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Data to back up this statement?

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none - this is what happens when your interns / analysts aren’t busy enough

likesmart

Why isn’t it the FATHER of all lay offs?

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OP hates males

likefunny

Pew pew pew!!!

This is based on…

Chat gpt

Could you explain your statement? Job market is already very stressed.

Pew pew…. Pew!

Big if true!

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