Big Tech jobs have lost their glamour
10 months, 2 weeks ago

Big Tech jobs have lost their glamour

BBC  

Big Tech jobs have lost their glamour Getty Images Employees who once clamoured to work for Big Tech companies are changing their tunes as layoffs proliferate and perks are cut Once the pinnacle of employment, Big Tech is finding its star tarnishing among layoffs and cutbacks. "It was a typical Big Tech company in that it offered huge benefits, with a great work-life balance," he says. Getty Images Perks such as in-house fitness centres, like this one in Google Canada's engineering headquarters, were among the amenities offered to employees Up until recently, tech roles – particularly among major players such as Meta, Alphabet and Amazon – were often considered some of the most desirable jobs available, offering candidates six-figure salaries, lavish perks and the prospect of being at innovation's forefront. "While tech jobs continue to command high salaries and offer above-average levels of flexible working, they've fallen significantly in terms of growth," says Dobroski. Alamy Modern, cool offices – like Amazon's Urban Campus in Washington, US – were part of the initial appeal of Big Tech jobs Her disillusionment extends beyond her company and to the industry itself.

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History of this topic

Senator calls out Big Tech's new approach to poaching talent, products from smaller AI startups
5 months, 1 week ago

Senator calls out Big Tech's new approach to poaching talent, products from smaller AI startups

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. But, in plain English, a few …

AI Is Coming for Big Tech Jobs—but Not in the Way You Think
6 months, 1 week ago

AI Is Coming for Big Tech Jobs—but Not in the Way You Think

Wired  

Aaron Damigos’ inbox was hit with a dreaded, ubiquitous business-update calendar invite on June 3. An email to employees from Jason Zander, executive vice president of strategic missions and technologies at Microsoft, leaked to Business Insider, blamed a pivot to invest in artificial intelligence: “Our clear focus as a company is to define the AI wave and empower all our …

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024
7 months, 2 weeks ago

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024

ABP News  

Tech Layoffs: The technology sector is grappling with a persistent wave of layoffs, which do not seem to be stopping anytime soon. Over the first four months of this year, the sector has seen a significant workforce reduction, with over 80,000 employees reportedly losing their jobs around the world. According to the most recent data from layoff.fyi, a platform dedicated …

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report
7 months, 2 weeks ago

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report

India TV News  

It was reported that more than 80,000 employees in the technology sector lost their jobs in the first four months of 2024, and layoffs are continuing to haunt the overall startup ecosystem across the world. Latest figures from layoff.fyi, a portal that tracks tech sector job cuts, 279 tech companies have sacked 80,230 employees to date. In 2022 and 2023, …

Google announces second major round of job cuts in 2024, tech giant says 'change is difficult'
8 months ago

Google announces second major round of job cuts in 2024, tech giant says 'change is difficult'

India TV News  

In a significant move, tech giant Google has declared plans for major restructuring, potentially leading to employee layoffs. This announcement follows Google CEO Sundar Pichai’s earlier warning about the potential for more layoffs in 2024. Impact on Google employees While Google did not specify the exact number of employees affected by the latest round of layoffs, reports suggest that it …

Still hiring: Big Tech layoffs give other sectors an opening
1 year, 5 months ago

Still hiring: Big Tech layoffs give other sectors an opening

Associated Press  

For the thousands of workers who’d never experienced upheaval in the tech sector, the recent mass layoffs at companies like Google, Microsoft, Amazon and Meta came as a shock. “We have just about any tech job that anybody could possibly be interested in the federal government.” Federal, state and local government tech job postings soared 48% in the first three …

Still hiring: Big Tech layoffs give other sectors an opening
1 year, 5 months ago

Still hiring: Big Tech layoffs give other sectors an opening

LA Times  

For the thousands of workers who’d never experienced upheaval in the tech sector, the recent mass layoffs at Google, Microsoft, Amazon and Meta came as a shock. “We have just about any tech job that anybody could possibly be interested in in the federal government.” Tech job postings in the federal government, as well as at the state and local …

Can US tech giants recover after job cuts and falling revenues?
1 year, 10 months ago

Can US tech giants recover after job cuts and falling revenues?

Hindustan Times  

The year 2022 reminds me of Charles Dickens's famous quote, 'It was the best of times, it was the worst of times'. The big tech firms have responded to the change in market dynamics and potential economic slowdown with a series of job cuts. Overall, big tech companies need to look at five key principles to overcome the present crisis …

Why we need to rethink our relationship with Big Tech
1 year, 10 months ago

Why we need to rethink our relationship with Big Tech

Hindustan Times  

Between 2020 and 2021, it seemed tech companies would be the engine of post-pandemic recovery: Their growth appeared unstoppable, and their leadership made ambitious plans to expand. Tech services and products across the board saw skyrocketing demand, with US tech giants– Facebook, Amazon, Apple, Netflix and Google, collectively known as FAANG – benefitting from a meteoric rise in share prices. …

Big tech job cuts keep coming; Zoom latest to trim headcount
1 year, 10 months ago

Big tech job cuts keep coming; Zoom latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. CEO Eric Yuan said in a blog post Tuesday that the company ramped up staffing during the COVID-19 pandemic, when businesses became increasingly reliant on its service as people worked from home. …

Here are the latest tech layoffs as the industry shudders
1 year, 10 months ago

Here are the latest tech layoffs as the industry shudders

CBS News  

The high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. Dell The computer company in February announced it would slash 5% of its workforce due to a "challenging global economic environment." PayPal The digital payments company said in January it was cutting 2,000 jobs, or about 7% of its workforce, as it …

Big tech job cuts keep coming; Dell latest to trim headcount
1 year, 10 months ago

Big tech job cuts keep coming; Dell latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. February 2023 Dell: The computer maker reduced its payroll by 5%, or about 6,600 jobs, saying that the steps it’s taken to stay ahead of eroding market conditions are no longer enough. …

Tech industry job cuts come rapidly and in big numbers
1 year, 10 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. August 2022 Snap: The parent company of social media platform Snapchat said that it was letting go of 20% of its staff. Snap’s staff has grown to more than 5,600 employees in recent years and the company said at the time that even after …

Explained | What does the recent wave of tech layoffs mean?
1 year, 10 months ago

Explained | What does the recent wave of tech layoffs mean?

The Hindu  

The story so far: The New York-headquartered International Business Machines Corp. last week became the latest to join the list of tech companies that have made large-scale layoffs since late 2022. This comes on the heels of what has been described as Big Tech’s “midlife crisis” or the clock striking “midnight” on its hyper-growth; technology giants Alphabet, Amazon, Meta, and …

Column: The real aim of big tech’s layoffs: bringing workers to heel
1 year, 10 months ago

Column: The real aim of big tech’s layoffs: bringing workers to heel

LA Times  

Union activity at Amazon and other tech companies has been on the rise. Elon Musk’s mass firings at Twitter last year, and his public demand that only “hardcore” coders dedicated to his program remain at the company, are instructive here, not least because other tech executives have said his approach was an inspiration when culling jobs at their own companies. …

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows
1 year, 10 months ago

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows

ABP News  

As tech companies continue to slash jobs, the demand for tech positions has not diminished in the US, with eight of the top 10 "best jobs" this year being technology roles. According to data by job portal Indeed, the tech jobs in high demand are full-stack developers at the top spot, followed by data engineers, cloud engineers, senior product managers …

Why Big Tech is laying off thousands of employees and how it impacts consumers
1 year, 10 months ago

Why Big Tech is laying off thousands of employees and how it impacts consumers

Firstpost  

Over the last year, Big Tech companies – including Amazon, Twitter and Meta – sacked more than 70,000 people globally. In the last year, more than 70,000 people globally have been laid off by Big Tech companies – and that doesn’t count the downstream effect of contractors losing business as budgets tighten. Importantly, these figures don’t include the downstream layoffs, …

Tech industry job cuts come rapidly and in big numbers
1 year, 11 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. August 2022 Snap: The parent company of social media platform Snapchat …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

Associated Press  

LONDON — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

LA Times  

With the layoffs, Google joins a host of other tech giants that have drastically scaled back operations amid a faltering global economy and high inflation. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for an economic downturn, said a note from Victoria Scholar, an …

Job cuts in tech sector spread, Microsoft lays off 10,000
1 year, 11 months ago

Job cuts in tech sector spread, Microsoft lays off 10,000

Associated Press  

Microsoft is cutting 10,000 workers, almost 5% of its workforce, joining other tech companies that have scaled back their pandemic-era expansions. The company said in a regulatory filing Wednesday that the layoffs were a response to “macroeconomic conditions and changing customer priorities.” The Redmond, Washington-based software giant said it will also be making changes to its hardware portfolio and consolidating …

Tech layoffs create rare chance for federal recruiters to snag talent
2 years ago

Tech layoffs create rare chance for federal recruiters to snag talent

Live Mint  

For the US Department of Veterans Affairs, the mass layoffs in Silicon Valley present a rare shot to snag top talent. DelBene’s on an ambitious mission to recruit top designers and engineers for the agency, which he intends to make the “absolute best place” for IT in the federal government. But with the boom turning into a bust, employers from …

Explained | Big tech firms swing the axe on talent
2 years, 1 month ago

Explained | Big tech firms swing the axe on talent

The Hindu  

The story so far: Reports of Twitter cutting half of its staff globally, and almost all in India, a week after Elon Musk took the reins of the micro-blogging platform may have overshadowed a much gloomier tech talent landscape. Several large technology firms have already paused hiring and, in some cases, companies are laying off employees as macroeconomic headwinds and …

Hiring freeze at Big Tech unlocks talent pool for U.S. startups
2 years, 2 months ago

Hiring freeze at Big Tech unlocks talent pool for U.S. startups

The Hindu  

Late-stage U.S. startups are scooping up talent unlocked by layoffs and hiring freezes at Big Tech, adding experienced engineers and project managers to their roster despite signs of an economic slowdown. Companies, with steady cash flow from viable products in the market, are offering rich packages to lure talent that would have otherwise preferred working at big technology firms including …

Big Tech’s talent conundrum
2 years, 4 months ago

Big Tech’s talent conundrum

The Hindu  

At the end of 2019, Big Tech firms were hungry for talent. Representation of Fortune 500 companies, including Big Tech firms, fell 25% in the tech job universe as start-ups, unicorns, newly-listed public companies and non-tech companies increased their hiring for tech roles. But top tech firms still prefer Master’s Degree or an MBA more than ever with 25% more …

The balance of power is shifting in the tech industry
2 years, 5 months ago

The balance of power is shifting in the tech industry

CNN  

San Francisco CNN Business — For much of the past decade, tech companies have showered their corporate employees with money and lavish perks to attract and retain talent in a hyper-competitive industry. Experienced senior engineers at major tech companies may still have an upper hand in the job market, but the downturn may serve up a reality check for tech …

Why many IT professionals now want to work for big, boring companies again
2 years, 6 months ago

Why many IT professionals now want to work for big, boring companies again

Live Mint  

After the 2008 recession, large, established corporate employers fell out of fashion. Silicon Valley investors expect this to hurt the ability of startups — particularly unprofitable ones — to raise cash, so they are telling companies to prepare for a downturn. Here’s an example of the new direction: A stodgy old bank like Citigroup Inc. has a growing need for …

Looking for a New Job in Tech? It’s Your Lucky Day
3 years, 4 months ago

Looking for a New Job in Tech? It’s Your Lucky Day

Wired  

Two months ago, Jacob Eiting closed the Series B for his startup RevenueCat, which makes a platform for managing in-app subscriptions. “The engineering market has gotten so competitive,” says Justine Moore, an investor who manages a job board on Pallet to promote openings at startups and VC firms. One seed-stage startup posted to Moore’s Pallet board offering four tarot readings, …

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