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hibearmate t1_j5ydoj4 wrote

Reply to comment by ejpierle in IBM Cuts 3,900 Jobs In Latest Tech Layoffs by itsonlyeva

Please remember that ANY layoffs at these companies are reported as tech layoffs

So getting rid of PR, Marketing, Finance, and administrative staff is “tech“ layoffs

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ejpierle t1_j5ye591 wrote

Well, any new company will need marketing and admin and whatever else also, so my point stands.

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Fair-Distribution-51 t1_j5yukte wrote

Yeah but new companies won’t be able to pay them similar wages to what they earned at these huge tech companies

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RieveNailo t1_j60gsl3 wrote

Pay at IBM is pretty bad though so once they find work elsewhere, it will probably be a raise

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Fair-Distribution-51 t1_j61dbmi wrote

Fair enough, I don’t know much about IBM but just know the other big tech companies like google etc that are having layoffs pay a lot when including their stock they give so really hard to get something similar at a smaller company

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Zhabba_Zheeba t1_j5z07hh wrote

$X > $0 for someone who just lost their job, even if $X < $Y.

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Nebula_Zero t1_j5z22nv wrote

Low wages < unemployment benefits that pay a percentage of what you made while you hunt for a better paying job with benefits

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Zhabba_Zheeba t1_j5z3xb8 wrote

Well, then that's the individual's fault for not doing that cost/benefit analysis. Have you ever tried to survive on unemployment? I have. Covid bonuses notwithstanding, it's very difficult, and usually much less desirable than actually having a job that pays less than what you made.

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4Wf2n5 t1_j5zadqc wrote

There's a Google sheet of the affected Spotify employees that was shared on LinkedIn to help them find future opportunities. Most were engineers.

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