[deleted] t1_j0z2jzx wrote
[deleted]
Reasonable_Ticket_84 t1_j0z7g4p wrote
>Isnt this because there are astronomically more tech roles now compared to then? Of course you’ll see more laid off.
Kinda, it's because these are all post-COVID normalization layoffs. Tech companies hired BIG TIME during COVID due to online demand. However that basically dropped like a rock this year and with the economy cooling, there was a bubble that unfortunately needed correcting.
For example, Facebook/Meta went from ~45k employees in 2019 to just over 70k at the beginning of 2022.
Youvebeeneloned t1_j0z97nk wrote
Its also because the layoffs during the recession hit the banking, auto, and housing industry the hardest and NOT the tech industry.
Hell I actually got a job during the recession and a 45% raise to boot, and we were still hiring for positions well after I joined for the next year or two before hiring slowed a bit.
Not to mention currently we STILL have not seen actual recession style layoffs in the tech industry... Meta, Google and others shed some extra weight... some of which was NOT tech related but tech adjacent being lumped in. Twitter legitimately doesn't count in this scenario because Twitters clusterfuck is not industry related but Musk related.
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