That’s what, 5% of total employees? Wouldn’t make any difference, and not that I care. But hey, *”Come to Vilnius, we’re hiring!”*
1) what jobs these are? Google has more than engineers.
2) US unemployment is at 3.5%
If it’s robust it won’t matter, no?
It adds to worriedness to the local IT companies, especially it is visible with outsourcing or consulting firms – clients are more careful with IT investments. For now I would call it emotional reactions to it, however there are still plenty of jobs available – however, now I would say it is harder for someone without experience to get in.
Looking at statistics it seems that layoff numbers aren’t even offsetting pandemic hiring craze.
Still don’t care much, but heard rumors from finance that my company stopped hiring new people. Last year we had about few hundreds new hires. Those who earn larger salaries should worry more. Uber left LT and they were paying very good salaries.
Hiring freeze is now common in many Lt tech companies. Even you see open positions, it might be that they are on a freeze. It goes on and off, one month it’s a freeze, next one no, then again. Everyone is looking what will happen next.
There were already a few layoffs in Lithuania, but they were quite small 10-30 people per company.
I don’t think that it will be massive, but if you are just an average or even bellow performer you are at risk. As the employees number per company in Lithuania is very small, so it’s very easy to hand pick average/low performers.
Cheap labor force in Lithuania but high costs of operations for Google probably
I don’t meet too many Lithuanian Googlers in general. I wonder why.
Cheap labor force in Lithuania but high costs of operations for Google probably
I don’t meet too many Lithuanian Googlers in general. I wonder why.
In such companies there are more than 5% of jobs that are meaningless. No one is firing devs and engineers, who are actually doing impact on business.
Lol one IT employee in US gets salary of 5x employees of the same level employed here. Layoffs atleast in my social bubble only affected their colleagues based in US.
My company laid off 20-25% of its workforce including me. However, this was mostly due to company specific factors rather than the overall economy.
I managed to find a better job in just a few weeks.
Depends on who were fired. Twitter is a good example. Musk fired a lot of people with useless bloated positions which didn’t add any actual value to the company. Those employees were mostly virtue signaling political activists and after seeing their “day at work” it looked more like a vacation than a workplace. Now if they fired mostly engineers and developers then that’s another topic.
I worked as a contractor for a US company and got laid off before Christmas already. There might be some reduction in hiring but I don’t see large scale layoffs in tech sector here.
You either git gud or u out, what worry some? If you don’t know how to do your job y or should be fired long time ago
Work for US project from Lithuania (not any major firms) and got laid off this week from the said work. The main reason for these layoffs is bad management. Companies tried to grow rapidly during the main surge of Covid as we all spent more time and money online, these included huge hiring craze. And now as things are returning to new normal and the recession is starting companies have a lot of employees and little avenue for new growth they are letting them off.
I don’t worry much myself as there is still a big need for senior and up level of programmers, but for juniors it will be hard to find a job.
Economy crisis is underway right now, and tech businesses like google often have more employees than they actually need to function. So the first thing they do is layoff people to cut off costs. It’s common and not something to worry about.
It depends, I did notice less mob adverts recently, but also there does not seem to be a lack of projects or work. If by any chace any React Native developers are reading, we’re hiring.
Since all people working in Google in LT is sales, not much to worry.
Chances are, this will happen in Lithuania as well. As capital is getting more expensive, many of the vc funded startups will have to deliver some results, and streamlining operations is a good way to do it if the market is on the down.
Robust, indeed. However, quite a few of those companies were developed on cheap money. Now with interest rates rising and this trend likely to continue (ravaging inflation and strong labour market), it is likely that tech companies will stop growing/expanding and become more prone to losses. There certainly be some layoffs, but perhaps on a smaller scale – these aren’t publicly traded companies, so there isn’t such a massive shareholder base to impress.
Maybe Google/Youtube, should employ the same amount of people to vet the advertisers that you see on their platform that promote scams.
You see that ~ 50% of youtube adverts are scams and youtube should be financially responsible for these adverts you see before, in between and after the content you want to watch. Maybe if they were financially responsible they may employ people to protect their reputation – Oh wait, their main revenue stream is cookies, analytics and selling peoples data
A lot of people in LT works in operations, you can not survive without these people. Developers could be in more danger.
Ne tik googlas, visos didziosios tech kompanijos taip pat. Bendrai paemus didzioji dalis kerpa 5-7% atlyginimu biudzetus. Imones sustabde nauju zmoniu premima, mazino atlyginimu pakelimus, ir didina atleidimu kieki.
23 comments
That’s what, 5% of total employees? Wouldn’t make any difference, and not that I care. But hey, *”Come to Vilnius, we’re hiring!”*
1) what jobs these are? Google has more than engineers.
2) US unemployment is at 3.5%
If it’s robust it won’t matter, no?
It adds to worriedness to the local IT companies, especially it is visible with outsourcing or consulting firms – clients are more careful with IT investments. For now I would call it emotional reactions to it, however there are still plenty of jobs available – however, now I would say it is harder for someone without experience to get in.
Looking at statistics it seems that layoff numbers aren’t even offsetting pandemic hiring craze.
Google numbers: [https://www.macrotrends.net/stocks/charts/GOOG/alphabet/number-of-employees](https://www.macrotrends.net/stocks/charts/GOOG/alphabet/number-of-employees)
Microsoft numbers: [https://www.statista.com/statistics/273475/number-of-employees-at-the-microsoft-corporation-since-2005/](https://www.statista.com/statistics/273475/number-of-employees-at-the-microsoft-corporation-since-2005/)
Still don’t care much, but heard rumors from finance that my company stopped hiring new people. Last year we had about few hundreds new hires. Those who earn larger salaries should worry more. Uber left LT and they were paying very good salaries.
Hiring freeze is now common in many Lt tech companies. Even you see open positions, it might be that they are on a freeze. It goes on and off, one month it’s a freeze, next one no, then again. Everyone is looking what will happen next.
There were already a few layoffs in Lithuania, but they were quite small 10-30 people per company.
I don’t think that it will be massive, but if you are just an average or even bellow performer you are at risk. As the employees number per company in Lithuania is very small, so it’s very easy to hand pick average/low performers.
Cheap labor force in Lithuania but high costs of operations for Google probably
I don’t meet too many Lithuanian Googlers in general. I wonder why.
Cheap labor force in Lithuania but high costs of operations for Google probably
I don’t meet too many Lithuanian Googlers in general. I wonder why.
In such companies there are more than 5% of jobs that are meaningless. No one is firing devs and engineers, who are actually doing impact on business.
Lol one IT employee in US gets salary of 5x employees of the same level employed here. Layoffs atleast in my social bubble only affected their colleagues based in US.
My company laid off 20-25% of its workforce including me. However, this was mostly due to company specific factors rather than the overall economy.
I managed to find a better job in just a few weeks.
Depends on who were fired. Twitter is a good example. Musk fired a lot of people with useless bloated positions which didn’t add any actual value to the company. Those employees were mostly virtue signaling political activists and after seeing their “day at work” it looked more like a vacation than a workplace. Now if they fired mostly engineers and developers then that’s another topic.
I worked as a contractor for a US company and got laid off before Christmas already. There might be some reduction in hiring but I don’t see large scale layoffs in tech sector here.
You either git gud or u out, what worry some? If you don’t know how to do your job y or should be fired long time ago
Work for US project from Lithuania (not any major firms) and got laid off this week from the said work. The main reason for these layoffs is bad management. Companies tried to grow rapidly during the main surge of Covid as we all spent more time and money online, these included huge hiring craze. And now as things are returning to new normal and the recession is starting companies have a lot of employees and little avenue for new growth they are letting them off.
I don’t worry much myself as there is still a big need for senior and up level of programmers, but for juniors it will be hard to find a job.
Economy crisis is underway right now, and tech businesses like google often have more employees than they actually need to function. So the first thing they do is layoff people to cut off costs. It’s common and not something to worry about.
It depends, I did notice less mob adverts recently, but also there does not seem to be a lack of projects or work. If by any chace any React Native developers are reading, we’re hiring.
Since all people working in Google in LT is sales, not much to worry.
Chances are, this will happen in Lithuania as well. As capital is getting more expensive, many of the vc funded startups will have to deliver some results, and streamlining operations is a good way to do it if the market is on the down.
Robust, indeed. However, quite a few of those companies were developed on cheap money. Now with interest rates rising and this trend likely to continue (ravaging inflation and strong labour market), it is likely that tech companies will stop growing/expanding and become more prone to losses. There certainly be some layoffs, but perhaps on a smaller scale – these aren’t publicly traded companies, so there isn’t such a massive shareholder base to impress.
Maybe Google/Youtube, should employ the same amount of people to vet the advertisers that you see on their platform that promote scams.
You see that ~ 50% of youtube adverts are scams and youtube should be financially responsible for these adverts you see before, in between and after the content you want to watch. Maybe if they were financially responsible they may employ people to protect their reputation – Oh wait, their main revenue stream is cookies, analytics and selling peoples data
A lot of people in LT works in operations, you can not survive without these people. Developers could be in more danger.
Ne tik googlas, visos didziosios tech kompanijos taip pat. Bendrai paemus didzioji dalis kerpa 5-7% atlyginimu biudzetus. Imones sustabde nauju zmoniu premima, mazino atlyginimu pakelimus, ir didina atleidimu kieki.