Shite. Feeling bad for the Twitter and Stripe employees already. Miserable time of year for it to happen to them. Hopefully not many Irish based workers are affected by this.
The metaverse is such a failure
I should have read my work emails. Wonder if I’ve lost my job now.
🙉🙊🙈
Can someone explain how there is such a slowdown/mass layoffs in tech? Surely we are more digital than ever before?
I’m sorry and sad for the people who are losing their jobs. But also delighted to see the toxic social medias failing.
The world would be a far better place without twitter, Facebook/meta and Instagram.
And the billionaires who own them need to fuck off too
No surprise there with that stupid metaverse idea.
It reminded me of when they was hype about segways coming and the big tech guys saying it would revolutionise transport.
[deleted]
Pud needs to restart f**kedcompany.com 2.0
I really hope meta falls apart and zuck loses control to the board
People who thought it was “just Elon being Elon” when twitter was laying people off and that Ireland shouldn’t worry about the reliance on US multinationals….how are you feeling right now?
Does this mean Johnny Ronan, as their land lord in D4 is fucked?
Hopefully we don’t end up as the tech version of Detroit when all the car manufacturers up and left
Geez. I sure hope that Zuckeeberg and Musk don’tgo bankrupt.
/s
I suspect this will be a heavy set of layoffs. Brace yourselves.
As a big tech worker I think it’s time for me to polish up my CV.
And also probably my passport…. sigh
Almost 3 years back I said to someone the one single thing I’m concerned about that has the ability to (re)collapse the entire Irish housing market now seems to be happening.
It’s not just the MNCs. It’s the support services like audit, consultancy and legal that are going to suffer a fall out.
And there’s gonna be nowhere to go for those folks to get similar salaries.
Terrible news for everyone at a terrible time of year.
These Tech company layoffs are not the death knells for these companies people are making them out to be. They’re all beginning to trim their workforces to continue to make money.
The Tech industry was mostly untouched by the 2008-2012 recession, and most of the big companies saw exponentially growth during that time.
Now in 2022 they’re at the centre of the economy and are trimming their workforces so the coming recession doesn’t destroy their business.
If anything, this round of layoffs will probably still allow these companies to grow their market share at the expensive of making their remaining workers work a lot harder.
Not to take away from this scary uncertain time for employees, but i would guess its also in the pipeline for PayPal staff.
CEO Dan Schulman mentioned in his q3 investor call last week cuts of 900 million required into next year
I’ve escaped 2 redundancy rounds in the past 2 years it’s only a matter of time
What’s a meta you? Hey!
I did eight rounds of interviews for meta a few months ago it was draining emotionally and financially. Whole process took about ten weeks. Didn’t get it got a generic rejection email. Was kinda relieved as some of the ppl on the team weren’t that nice and the process was a bit humiliating. Now I’m very glad not to be there.
Strap yourselves in boys.
Massive amount of tech companies laying people off: Shopify, Cloudera, Twitter, Stripe and now Meta. Really shit for people at these companies while we’re in the midst of a cost of living crisis.
There should be a big concern here about what this means. These companies over extended themselves the last few years and are now having to contract to stop the bleeding much like what happened to other industries at the start of the last recession.
With the interest rate hikes on mortgages coming thick and fast the next 6-12 months will be very bumpy and if other industries are affected we could be in a spot of bother.
Recession on the way
I think one of the things that’s important to remember when the likes of meta, Twitter and stripe are laying off people is that there will always be well paid safe development jobs in enterprise software.
A lot of reporting about tech jobs is focused on dotcom companies, as if they are the only companies that employ tech people. The reality is that there are always jobs available building boring business software in areas like ERP, logistics, finance, HR and stuff like that
They hired a ridiculous amount of people every year the past 10. Most of them don’t even do anything and have to invent work for themselves to justify their existence and promotions.
Will they have to buy a headset to find out?
tech companies have normally been the ones to not be really effected from previous crash. If they are finding it rough then we truly fucked
29 comments
Shite. Feeling bad for the Twitter and Stripe employees already. Miserable time of year for it to happen to them. Hopefully not many Irish based workers are affected by this.
The metaverse is such a failure
I should have read my work emails. Wonder if I’ve lost my job now.
🙉🙊🙈
Can someone explain how there is such a slowdown/mass layoffs in tech? Surely we are more digital than ever before?
I’m sorry and sad for the people who are losing their jobs. But also delighted to see the toxic social medias failing.
The world would be a far better place without twitter, Facebook/meta and Instagram.
And the billionaires who own them need to fuck off too
No surprise there with that stupid metaverse idea.
It reminded me of when they was hype about segways coming and the big tech guys saying it would revolutionise transport.
[deleted]
Pud needs to restart f**kedcompany.com 2.0
I really hope meta falls apart and zuck loses control to the board
People who thought it was “just Elon being Elon” when twitter was laying people off and that Ireland shouldn’t worry about the reliance on US multinationals….how are you feeling right now?
Does this mean Johnny Ronan, as their land lord in D4 is fucked?
Hopefully we don’t end up as the tech version of Detroit when all the car manufacturers up and left
Geez. I sure hope that Zuckeeberg and Musk don’tgo bankrupt.
/s
I suspect this will be a heavy set of layoffs. Brace yourselves.
As a big tech worker I think it’s time for me to polish up my CV.
And also probably my passport…. sigh
Almost 3 years back I said to someone the one single thing I’m concerned about that has the ability to (re)collapse the entire Irish housing market now seems to be happening.
It’s not just the MNCs. It’s the support services like audit, consultancy and legal that are going to suffer a fall out.
And there’s gonna be nowhere to go for those folks to get similar salaries.
Terrible news for everyone at a terrible time of year.
These Tech company layoffs are not the death knells for these companies people are making them out to be. They’re all beginning to trim their workforces to continue to make money.
The Tech industry was mostly untouched by the 2008-2012 recession, and most of the big companies saw exponentially growth during that time.
Now in 2022 they’re at the centre of the economy and are trimming their workforces so the coming recession doesn’t destroy their business.
If anything, this round of layoffs will probably still allow these companies to grow their market share at the expensive of making their remaining workers work a lot harder.
Not to take away from this scary uncertain time for employees, but i would guess its also in the pipeline for PayPal staff.
CEO Dan Schulman mentioned in his q3 investor call last week cuts of 900 million required into next year
I’ve escaped 2 redundancy rounds in the past 2 years it’s only a matter of time
What’s a meta you? Hey!
I did eight rounds of interviews for meta a few months ago it was draining emotionally and financially. Whole process took about ten weeks. Didn’t get it got a generic rejection email. Was kinda relieved as some of the ppl on the team weren’t that nice and the process was a bit humiliating. Now I’m very glad not to be there.
Strap yourselves in boys.
Massive amount of tech companies laying people off: Shopify, Cloudera, Twitter, Stripe and now Meta. Really shit for people at these companies while we’re in the midst of a cost of living crisis.
There should be a big concern here about what this means. These companies over extended themselves the last few years and are now having to contract to stop the bleeding much like what happened to other industries at the start of the last recession.
With the interest rate hikes on mortgages coming thick and fast the next 6-12 months will be very bumpy and if other industries are affected we could be in a spot of bother.
Recession on the way
I think one of the things that’s important to remember when the likes of meta, Twitter and stripe are laying off people is that there will always be well paid safe development jobs in enterprise software.
A lot of reporting about tech jobs is focused on dotcom companies, as if they are the only companies that employ tech people. The reality is that there are always jobs available building boring business software in areas like ERP, logistics, finance, HR and stuff like that
They hired a ridiculous amount of people every year the past 10. Most of them don’t even do anything and have to invent work for themselves to justify their existence and promotions.
Will they have to buy a headset to find out?
tech companies have normally been the ones to not be really effected from previous crash. If they are finding it rough then we truly fucked
The dominos are starting to fall harder now.