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this post was submitted on 26 Sep 2024
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Technology
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This is just Amazon's way of cutting employees without having to pay severances/unemployment. Those workers looking for new 100% WFH jobs are in for a rude awakening. The market is not what it was a couple of years ago. Tons of companies have moved back to onsite or a hybrid model, requiring 1-2 days in office per week.
And if you're in IT, good luck. Thousands of IT layoffs this year alone, so there's a lot of competition in that field, depending on your specialty. My job forced us back to a 3 days in-office per week policy about a year ago, but we were getting a new director who promised more flexibility, so I decided to just passively look for jobs here and there versus really trying. I now wish I had focused more aggressively on looking. Ah well, 'least I still have a relatively reasonable job, which is more than many can say.
Anyway, good luck to them. Fuck these parasitic C Suites and fuck this corporate and governmental anti-WFH movement.
So, you think on,y the best workers will leave? Not a great policy then.
Gotta disagree. The demand for tech workers continues to be voracious. And most employers don't have the abysmal administrative policies of Amazon.
You're far better off at a mid-cap firm with management that doesn't jerk off to Ayn Rand novels than one of the AI obsessed FAANG firms. Take a small salary cut and enjoy a large improvement to your work life balance.
I should clarify that I was referring to the US. And I have to also disagree it's voracious for all tech workers, that's why I said depending on your specialty within the IT field. Hell, there was just a post on the r/cybersecurity subreddit the other day with hundreds of comments agreeing that it's not a great time right now in the US. It hasn't just been FAANG companies laying off tech workers, it's been all over:
https://www.forbes.com/sites/emilsayegh/2024/08/19/the-great-tech-reset-unpacking-the-layoff-surge-of-2024/
That's over 500,000 tech workers in just under 3 years. A huge chunk of job postings for IT jobs are just ghost jobs, meaning they're perpetually posted without actually ever intending to fill that slot. There are lots of reasons why companies do this, but that's off topic and lots of articles already cover the topic, e.g. https://stackoverflow.blog/2024/07/15/the-ghost-jobs-haunting-your-career-search/
Anyway, hopefully this slump recovers soon.
Currently, tech unemployment is under 3%. Salaries are 2x-5x the national average depending on specialty. If this is a slump, I'm hard pressed to imagine a boom.
You have to keep in mind we're coming off a decade of industry growth, particularly in the wake of COVID. These 500,000 jobs are a fraction of the IT jobs created annually.
https://www.statista.com/statistics/1417885/increase-reduction-of-technology-technical-jobs-globally/
Demand for IT even in 2023 is up yoy.
I guess the anecdotal evidence I've seen among all my peers and social networks contradicts those numbers, so we can agree to disagree. It's easy to massage those stats, especially with the advent of bullshit jobs like "AI prompt engineer," as an example.
Anyway, good luck to anyone that gets laid off. Shit sucks regardless, and that was really my main original point.
Definitely possible that Silicon Valley is in some kind of IT recession. They've been swinging for the fences at crypto, VR, and AI going on six years and wiffing like crazy.
But if you're just a glorified digital accountant (like me), I'm here to report that IT is doing perfectly fine. You can earn a high-five / low-six figure salary at any number of mid-cap businesses. Even basic SQL experience is in high demand. Tons of legacy infrastructure to support. Tons of interfaces to build and data to massage between systems. Tons of new applications to deploy and customize. The real work is endless. The phony baloney bullshit work is what ran out.
1-2 is way better than 5.
Oh for sure, it's just that lots of folks want pure WFH so they can live wherever they want, especially since the cost of living near these companies tend to be stupid expensive. So while hybrid is better than nothing, it still greatly reduces flexibility in that regard.