The Brutal Truth Behind Tech Layoffs
Summary
TLDRIn this video, Josh discusses the major layoffs in the tech industry and argues against the popular belief that AI is the primary cause. He suggests that the real issue lies in overhiring and hyper-specialization of roles, which has led to the creation of unnecessary jobs. Josh emphasizes the importance of being a generalist programmer and predicts a shift in hiring practices towards valuing generalists more. He also touches on the potential impact of Elon Musk's actions at Twitter on the industry's approach to layoffs.
Takeaways
- 🤖 AI is not the main cause of layoffs; it has been used in various industries for over 20 years and is more of a public novelty than a job replacement.
- 👨💻 The real issue is the over-specialization of roles in tech companies, leading to inflated workforces and unnecessary positions.
- 🏢 Tech companies have been over-hiring for the sake of appearances and stock valuations, which is unsustainable and leads to layoffs.
- 📉 Layoffs are not just due to preparation for a potential recession; they are a result of poor management and over-inflation of employee numbers.
- 🚀 Elon Musk's acquisition and restructuring of Twitter has shown that large tech companies can function with significantly fewer employees.
- 🛠️ Good programmers with a broad skill set and deep understanding of computer science are less likely to be laid off and remain valuable to companies.
- 💡 The shift in hiring practices may lead to a preference for generalists over hyper-specialized roles, improving the efficiency and productivity of tech teams.
- 📈 Tech interviews have become overly specialized and difficult, but this trend is expected to change as companies shift their focus to hiring more versatile candidates.
- 🌐 Major tech companies like Amazon, IBM, and Meta have announced significant layoffs, indicating a widespread issue in the industry beyond just economic downturn preparation.
- 🔄 The tech industry may see a resurgence in demand for generalist programmers, potentially leading to higher wages and a rebalancing of the job market.
Q & A
What is the primary focus of the video?
-The primary focus of the video is to discuss the major layoffs happening in the tech industry and the presenter's perspective on the underlying causes, particularly addressing the role of AI in job displacement and the issue of hyper-specialization in tech roles.
What is the presenter's stance on AI replacing programming jobs?
-The presenter believes that AI is not going to replace programmers anytime soon. While AI can be a helpful resource, it is not accurate enough and lacks the creativity to solve complex problems that programmers tackle.
How does the presenter describe the concept of 'employee farming' in tech companies?
-The presenter describes 'employee farming' as a practice where companies artificially inflate their growth and stock values by hiring more employees than necessary, leading to the creation of hyper-specialized roles that may not be essential for the company's actual needs.
What is the impact of hyper-specialization on tech employees according to the video?
-Hyper-specialization leads to the creation of unnecessary jobs, making employees feel like cogs in a machine and reducing their job stability and sense of purpose. It also results in layoffs when companies need to cut costs.
What does the presenter suggest as a solution for programmers to avoid being laid off?
-The presenter suggests that programmers should aim to be generalists, knowledgeable in multiple frameworks and languages, and have a deep understanding of computer science and architecture. This makes them valuable and less likely to be let go during layoffs.
How does the presenter view the tech interviews in the current industry?
-The presenter views the current tech interviews as overly specialized and painful, requiring unnecessary details that do not necessarily reflect a candidate's true abilities or potential value to the company.
What change in hiring practices does the presenter predict for the future?
-The presenter predicts a shift in hiring practices towards valuing generalists who can wear multiple hats, leading to more useful interviews that focus on fundamental knowledge and skills rather than hyper-specialized details.
Which company's layoffs are considered a good example of eliminating unnecessary roles?
-Twitter's layoffs under Elon Musk's ownership are considered a good example, as it reportedly prioritized getting rid of hyper-specialized roles and keeping essential programmers, resulting in a leaner and more efficient operation.
What was the presenter's opinion on Unity's business decision to charge for installs?
-The presenter believes that Unity's decision to charge for installs was a very poor business move and predicts that it will ultimately lead to the downfall of the company.
Which companies have announced major layoffs in the past year according to the video?
-Some of the companies that have announced major layoffs in the past year include Amazon, IBM, Dell, Rivian, Microsoft (Alphabet), Salesforce, Meta (Facebook), Coinbase, Zoom, Spotify, Dropbox, Yahoo, Epic Games, Xerox, Twitch, Atlassian, AMD, Intel, Lyft, and Uber.
What is the presenter's view on the future value of programmers?
-The presenter believes that as the industry moves away from hyper-specialization and towards valuing generalists, good programmers will become more in-demand and potentially earn higher wages, reflecting a shift back towards a time when programming was more highly valued compared to other jobs.
Outlines
🤖 AI's Role in Tech Layoffs
Josh begins the video discussing the widespread belief that AI will replace programming jobs, a topic he plans to cover in a separate video due to its complexity. He argues that AI is a minor reason for current layoffs, especially when considering its long history in industries like aviation. Josh emphasizes that AI's role in public domain is new, but its use in professional settings is not, and it's unlikely to replace programmers soon. He shares his personal experience with AI in game development, concluding that while AI can be a helpful resource, it's not ready to replace human programmers dramatically.
🚀 The Real Cause of Tech Layoffs
Josh shifts the focus to what he believes is the real cause of major layoffs in tech companies: over-hiring and specialization of roles. He argues that companies like Facebook and Snapchat have far more employees than necessary for their actual tech needs, leading to a form of 'employee farming' to prop up stock values. This has resulted in the creation of hyper-specialized, sometimes unnecessary roles. Josh suggests that the layoffs are an attempt to correct this over-inflation of staff and that good programmers with a broad skill set have little to fear.
💸 The Impact of Elon Musk's Twitter Acquisition
Josh discusses the impact of Elon Musk's acquisition of Twitter on the tech industry. He notes that Musk's decision to lay off a significant portion of Twitter's staff and eliminate hyper-specialized roles has led to a more efficient platform. This move has not gone unnoticed by other tech companies, who are now realizing the potential savings from reducing their own bloated workforces. Josh sees this as a positive shift towards valuing quality over quantity in employee roles.
🔄 The Cycle of Over-Hiring and Layoffs
Josh elaborates on the cycle of over-hiring and subsequent layoffs in the tech industry. He criticizes the practice of 'employee farming' and 'employee fraud,' where companies hire more people than needed to create a false impression of growth. This leads to instability for employees and can ultimately harm the company's stock value. Josh argues that good leaders should hire generalists who can fulfill multiple roles, rather than a large number of specialists.
🌐 Widespread Layoffs and the Future of Tech Jobs
Josh provides a list of major tech companies that have recently announced or carried out layoffs, suggesting that over-hiring was a common issue. He mentions companies like Amazon, IBM, Microsoft, Google, Salesforce, Meta, and many others, highlighting that thousands of jobs have been cut. Josh believes that this trend will lead to a shift in hiring practices, with companies moving away from hyper-specialization and towards hiring more versatile, generalist programmers. He predicts that good programmers will become more in-demand and valuable in the industry.
Mindmap
Keywords
💡AI
💡layoffs
💡hyper-specialization
💡employee farming
💡recession
💡generalists
💡Elon Musk
💡stock valuation
💡tech interviews
💡cloudfare
💡Unity
Highlights
AI is not the main cause of layoffs in the tech industry; it's been used for over 20 years and is not expected to replace programmers anytime soon.
The real issue behind layoffs is the over-specialization of roles in tech companies, leading to inflated staff numbers and inefficiencies.
Big tech companies like Facebook and Snapchat have grown artificially by hiring more people than they need, inflating their stock values.
The concept of 'employee farming' is criticized, where companies hire more employees to appear larger and more valuable to investors, even if it leads to unnecessary roles.
The layoffs are targeting hyperspecialized roles that were created under the premise of employee farming and are not essential to the company's functioning.
Good programmers with a broad understanding of computer science and multiple programming languages are less likely to be laid off and are always in demand.
The tech industry is experiencing a shift, with companies like Twitter under Elon Musk's leadership laying off large numbers and streamlining operations.
Cloudflare's recent layoffs are an example of the industry trend of cutting unnecessary staff to save costs and improve efficiency.
Unity's layoffs are partly due to poor management decisions, such as attempting to charge for installations, which could harm the company in the long run.
Many large tech companies are overhiring, leading to a surplus of employees and a need for cost-saving layoffs.
The trend of over-specialization has made tech interviews overly complex and less effective, focusing on unnecessary details.
The industry may shift towards hiring generalists who can wear multiple hats, leading to more useful and practical tech interviews.
Good programmers may see increased demand and higher wages as the industry moves away from over-hiring and over-specialization.
The average programming wage has become more similar to blue-collar jobs due to industry saturation, but this may change as the focus shifts to quality over quantity.
The layoffs are not just in preparation for a recession but are a response to the realization that many tech companies are overstaffed and need to downsize.
The speaker predicts that the value of individual programmers will increase as companies recognize the importance of having versatile, knowledgeable staff.
The speaker plans to create more content on the topic of AI's impact on jobs and the changing landscape of tech interviews.
Transcripts
welcome to my channel my name is Josh
and today I'm going to be talking about
the major layoffs happening in Tech and
what I think is actually the cause
behind them let's get
started the first thing I want to talk
about is what's been kind of on
everybody's mind which is AI you always
constantly see articles and people
talking now everywhere around the
internet about how AI is going to
replace programming jobs now I'm
probably going to have to make a totally
separate video about this particular
topic because it's such a big topic um
but the truth is I think that is a
pretty minor reason why people are being
laid off right now when we look at the
big tech companies which I'm going to
get into in a minute um and why they're
doing these huge layoffs I think there's
something maybe much deeper that's
rotten at the core and I think probably
the most significant things are things
people aren't really talking about or
thinking about so I'm going to get into
that in a few minutes but I just want to
kind of get get the AI out of here for
the moment if you've ever used Google
bard or if you've ever used chat GPT to
actually program and make stuff you
would know that it's not going to
replace programmers anytime soon
actually AI isn't new we talk about it
like it's new because it's finally um
it's gaining Public Access right people
are finally able to use it to write
stories to plagiarize things whatever um
but when we really look at AI it's been
used for well over 20 years in Aviation
it's been used for uh routing pathing
all sorts of stuff it's just finally
people and the public have access so
they seem to think it's this new thing
well no it's been replacing jobs for
decades it's not really new and it's not
going to replace programmers anytime
soon not in entirely at least if you
work and you know let's say you are a
web developer that does HTML CSS and
that's it yeah there's a possibility
your job could be in danger maybe
eventually but uh certainly not anytime
soon and people that do hardcore logic
anything lowlevel anything crer
assemblers AI is just super inaccurate
plus the other thing too is the way AI
works is it just resources public
knowledge right AI doesn't really
creatively solve problems the way people
seem to think it does it tries to solve
problems Based on data sets that are
already developed which means it can
really only effectively solve problems
that have already been solved and the
whole point of hiring a programmer for
the most part um is that your company or
your needs are going to be specific to
that product now I make games that's my
job I've tried to use AI to help with my
game development especially like
hardcoree logic programming problems and
I've just found it's just not very good
sometimes it's helpful on some things
it's a good resource for a programmer to
have but it is not going to be replacing
programmers dramatically anytime soon it
is a small factor it is part of the
reason why some companies are looking to
the Future and saying we need to start
laying off unnecessary staff because in
the future and they're anticipating that
uh this may replace certain jobs but
again I think this is kind of a very
small part of the reason why some people
are being replaced so I just wanted to
kind of get that out of the way get your
concerns out of the way again I'll make
a whole video on this and why it's not
going to replace people not truly uh
later but you don't need to worry about
AI That's not the major factor here so
another thing that it could possibly be
is preparation for a looming
recession most people that work in
economics will tell you as we speak you
see it all over the news that a
recession is probably coming stock
values can only go up so high for so
long before something has to collapse
right it's just it's it's the rules of
entropy or gravity things can only get
better and go up and then eventually
they have to come down we look at
interest rates for example and that's a
good place to start your search if you
think there's an economic recession
coming soon professionals and people
that are analysts see interest rates and
they see that as a concern companies of
course hire their own economists and the
economists are going to be going to the
CEOs and going to the CTO and people
that handle handle hiring hiring
managers hiring departments hiring
companies whoever they Outsource that to
and they're going to say look a
recession is coming we need to start
doing minor layoffs slowly and we have
seen some of those but again of these
big major layoffs that we're seeing
right now I don't think that this is the
biggest factor I do think it's a factor
just like AI is a factor but it's not
the big one so that's the thing I want
to get into now as I start to talk about
this and as I start to go deeper into
the problem it's going to become more
clear the more you start to look at
people's critical roles in their company
the real and major factor that's causing
a lot of these layoffs I really do seem
to think is being overlooked because
people are so used to the way the tech
industry works now that nobody seems to
question it anymore what's been
happening in Tech about the last 20
years is what I like to call a hyp
specialization for roles right 20 or 30
years ago if you were a programmer and
you knew a couple programming languages
or maybe even one maybe you were a
generalist you could get basically any
programming job companies were hiring
based on the fact that you knew how to
program and that you understood logic
and you understood generally speaking
how computer science works and how to
make products that are useful for that
company that's not how it works anymore
because somewhere along the way big
companies like Facebook um I think
Snapchat is a particular offender I'll
talk about that that in a minute um they
started to realize that they could grow
their companies artificially if they
started hiring more people than they
really need most tech companies most
social networks could be managed by
shockingly small teams of programmers
now I'm not talking about legal I'm not
talking about HR resources other things
that are considerations as well but just
the actual Tech that goes into an app
for iOS let me give you an example say
Instagram or SnapChat I think it would
surprise most people how few programmers
it actually takes a lot of these social
networks were developed originally by
one person but now for some reason you
look at a company like Snapchat who even
uses Snapchat anymore they still have
something like 6,000 employees why do
you need 6,000 employees I could
understand having a few dozen
programmers but they have hundreds and
hundreds and hundreds of programmers not
to mention all they legal and everything
else so what we're seeing is a hyp
specialization of roles and companies
are doing this to prop up stock values
the core here is it's a type of
invisible and legal fraud if you keep
growing your company by just hiring more
people and then investors and people
that frankly don't know a lot about tech
think that's necessary they see that as
positive indicators so your goal if
you're Mark Zuckerberg is to make your
company as valuable as as possible to
stock investors not to the public
Facebook doesn't even need to make very
much money at all the the key to
Facebook being valuable and more
specifically Mark Zuckerberg being
valuable is doing what investors want
and what lenders want and they want to
see Positive Growth constantly in the
industry we call this employee farming
so the idea behind employee farming is
as long as you keep growing your worker
base it looks like your company's
growing it looks like you need to hire
those people and therefore again bigger
company means bigger stock valuations it
means lenders and um investors see you
as this better growing big future
company even if it's not and this is
ultimately what's leading to this hypers
specialization because they have to keep
creating new roles and when you look at
these videos and I'm sure you've all
seen them by now people mocking them
constantly on the internet but you look
at these videos of these girls and guys
who work in this hyp specialized role uh
posting videos on Tik Tok talk and they
post videos on Twitter of like my my day
at Twitter or uh my a day in the life of
a Twitter HR engineer or something like
that and it's basically the girl or guy
just drinking coffee hanging
around chilling out they they show
themselves sleeping in these pods that
they have now they're really not doing
much and again this is the result of hyp
specialization they were basically just
creating BS jobs and now you have a
bunch of people sitting around who don't
work like once you have a hundred
programmers you're done you're not doing
anything more useful beyond that maybe
you could have people in specialized
roles outside of the tech again people
like legal and HR but we are seeing jobs
for button Engineers like literally they
want you to specialize not just in
programming but specialize in making a
button do you know how many people work
at Snapchat for example Snapchat has
like I said early about 6,000 employees
but they have over 400 employees that
just work on UI that's it they do
nothing but UI the entire UI of Snapchat
could easily be done by a handful of
professionals if not less if not one
person probably if you've ever actually
used Snapchat you know it's awful
anyways the whole UI is just a complete
disaster there is no reason to have 400
people working on the UI they don't even
have 400 buttons there's something like
30 or 40 buttons on the whole app that's
more than 10 people for each button that
the app has and each function but they
do it because the company is forced into
this cycle of infinite growth and then
other companies are doing it so they
have to compete or else they look like
they're small and shrinking and they
lose value in investors as people Port
elsewhere but we're just seeing massive
hyp specialization for roles that
probably shouldn't even exist to begin
with and when we start to look at that
problem we start to see why tech
companies are doing massive layoffs of a
very big reason for this is the Catalyst
event which was of course Elon buying
Twitter I'm going to get into that in
just a minute too so now as we start to
see negative indicators in stock value
AI future growth things like that suppe
really you know look at meta they tried
to do this whole metaverse thing that
failed lost billions of dollars now they
know okay we need to recoup some of that
money and the best way to do it is to
start firing these people or doing
layoffs of them that we never really
needed to begin with so a lot of people
have this sort of idea that oh
programmers are all just getting fired
now no they're not good programmers are
not getting fired not predominantly at
least except maybe at Unity but that's a
different topic but the idea here is
that if you're a good programmer you're
going to have a stable job you're needed
there's tons of companies that are still
growing that are still bringing in new
programmers you don't need to worry you
only need to worry if you're one of the
people that's getting hired in something
super hypers specialized and that's why
I still recommend to people to be
generalists be a good programmer who
knows lots of Frameworks who knows lots
of languages who understands computer
science intimately because that makes
you a valuable resource they're not just
going to fire you or get rid of you you
have an intrinsic value when you bring
something to the table Beyond just being
able to make one tiny button on the
interface when you really fundamentally
understand how apps work and are
designed when you understand core
architecture you are never ever going to
be out of work and if you do get fired
because a company goes under or
something you're going to find work
really fast as well so you shouldn't wor
about that I I see too many people
panicking in the industry right now the
people getting fired are in almost every
case I've seen the jobs that never
should have existed to begin with and I
don't mean to insult those people many
of those people are generalists that
ended up being forced into a
specialization just to get a job because
these companies don't want to hire
generalists right these companies want
to hire people in specific subsets
because then they don't complain they
don't whine about wanting to do better
bigger things they get comfortable in
the rule they get comfortable in the
fact that they don't have to do very
much and I think that that's just
convenient for the industry it's
convenient for this type of mass hiring
fraud which is what I considered it I
know they they just call it employee
farming but I call it employee fraud
because ultimately this is bad for the
companies because they do do major
layoffs and then they lose stock value
because people think the company's
shrinking so it's bad for them and it's
bad for employees because you never feel
like you're stable you feel like you
work on things that don't matter so
you're just a cog in the well oiled
machine if you want to even call it that
more like a brick in the wall you're a
brick in the wall of this machine like
at meta or Facebook and you just feel
like you don't matter you feel like your
job is what I think Joe Rogan had a
podcast on this actually called BS jobs
um but that's that's ultimately What's
led to this is is way way over hiring
and super specified jobs that they don't
need when you hire a generalist they can
replace 50 or 60 of those minor jobs
that you just you don't need if you were
a good leader you wouldn't do that I
think another thing to talk about too
that people are ignoring is even beyond
the intentional fraud that's happening a
lot of CEOs just aren't good they're
just not good at their job they're kind
of hands off they just push everything
on other people and I've seen this
personally too my wife worked for a
small company that had maybe 10 or 12
employees at one point and they were
growing a little bit but the CEO just
wanted to constantly hire more people
for everything like they are 12 person
small Nimble light company and she
wanted to hire an entire social media
development company to post posts on
LinkedIn for them they're 12 people the
CEO should just make a LinkedIn and
start posting posts they were hiring a
Social Development firm for these tiny
what I would consider to be kind of
worthless posts basically something you
could have just gone on AI and had chat
GPT right for you um so I think a lot of
CEOs are just bad with money I think
their hands off they don't want to wear
many hats they just want to rely on
other people too much and people that
aren't sort of micromanagers tend to be
like that and you know micromanaging is
its own problem of course trying to do
everything yourself is its own issue
that's kind of a separate topic but good
lean startups understand where to spend
money and where not to waste money and I
find there's just way too much
especially with these big companies of
hands-off approach let's hire somebody
for literally everything we need to have
more people in the industry who know how
to wear mini hats so don't be afraid to
be a programmer that has maybe 10
Frameworks under their tool belt right
you know how to use a lot of Frameworks
you know how to use um a lot of
languages and you understand
architecture so that should be your
focus if you want to become a programmer
and you're concerned about these Tech
layoffs one of the biggest catalysts
we've seen in this industry was Elon
buying Twitter now say what you will
about him positively or negatively
affecting the platform but I will tell
you this I do use Twitter I am on X uh X
now as it's called sorry um and it seems
to me as though when he first bought it
and fired 70% of the staff things were
shaky at first um but I think he tried
to prioritize getting rid of the jobs
all these hyp specializations that don't
matter and keeping the good programmers
that actually matter and actually
fundamentally understand the
architecture of how Twitter's actually
built and now what we're seeing is
Twitter's faster than ever before when I
use Twitter now it's way less bloated
it's lighter than it's ever been there's
some things I don't like about it I
think Bots are maybe worse than ever
like that's been a big prioritization is
uh make people pay and then that'll
eliminate Bots that that has not worked
um so not everything Elon has done has
worked but he managed to fire
71% that's what we know of it might
actually be a bigger number than that
but at least 71% of the employees there
was something like 8,000 and it's around
2,000 now and it's still operating fine
yeah there were some Growing Pains at
first or shrinking pains at first but
it's working other tech companies looked
at this they saw how many literally
millions of dollars a month in operating
cost it's saving them getting rid of all
these employees now other companies are
going like well you know stock
evaluation does matter um but making
Money Matters too and that also affects
stock evaluation so I think other people
especially CEOs now are starting to see
how bloated their corporations are and
they're starting to kind of go the Elon
route which is just the idea of well do
we really need 6,000 people at Facebook
working on the UI no I don't think that
they do I don't think they do at all I
don't think they need more than a couple
dozen at most and that might even be
over hiring that might even be bloated I
think just a few guys can usually build
great UI in ux experiments that's my
opinion you know I've run lean startups
so I kind of have at least a inkling of
an idea what to do um but I can't speak
for Facebook I don't know how many
people they need I know it's not 6,000
though so I think a big part of the
layoffs are are just they over hired to
begin with if we look at Cloud fair
right now this has been making big news
just the last few days cloudfare is
doing basically secret layoffs now no
one has the full information on how many
people they're letting go or anything
but it appears as as though they're
firing people at cause but there is no
cause and they're not listing causes
which is really it's just layoffs in
Disguise because layoffs sound bad so
they don't want their stock value to go
down but they want to have their cake
and eat it too they want to get rid of
people to save money and I have seen
from the videos I've watched of people
talking about this and from the Articles
I've read of people who are getting laid
off it seems to me that they're getting
rid of those hyp specialized jobs that
they probably didn't need to begin with
so I I think cloud fair is already you
know kind of following in the footsteps
of Elon and they're doing the same thing
that everybody else is doing right now
and I think it's sad and I think it's
sad that they're disingenuous about it
and not telling people the truth that's
bad for employees and that's bad for the
company ultimately because it really
doesn't Inspire trust in the company
employees don't want to go work for
cloud fair if they know that they're
kind of secretly behind the scenes
firing people that they never should
have hired to begin with that's just
called bad management Unity said that
they're firing something around 2,000
people maybe it was 1,800 or something
around that it was about 25% of their
Workforce now it's not doing it all in
one day they're going to kind of spread
it out over the next few months I think
this is a really good example of a
company that's having to lay people off
for both reasons they have terrible
management there's no debating that they
tried to screw over every game developer
everybody that used Unity everybody that
worked with unity including myself I'm
literally in the process of building a
game in unity and then I go to my news
app one day and find out Unity is going
to charge for installs which is just
outright blatantly the stupidest
business move I've ever seen in any
industry I think that ultimately that
will kill Unity as a company so yeah I
think with unity it goes Way Beyond um
just they over hired but if you look at
who they're firing they're not getting
rid of their best programmers so yeah
we're seeing of course companies are
targeting the employees that don't
matter so my advice guess to you if you
are a programmer and you're watching
this now and you're looking to get a job
try to avoid getting a hypers
specialized job to begin with make it so
that you're somebody that can't be
easily fired make it so that you're in a
role that is at least some sort of
General role that's not too hypers
specialized so that you're valuable to
the company and when push comes to shove
and they have to get rid of people
they're going to get rid of you last so
here I have a list of companies that are
doing layoffs as we speak and or going
to do layoffs have announced they're
going to do some and in the past year
doing major layoffs and this is just a
few of them this isn't all of them this
is just the big ones we've got Amazon
they've fired thousands of people
already and they're planning thousands
more same thing with IBM thousands of
people have been fired and let go Dell
rivan Microsoft Google is or alphabet is
firing 30,000 people we've got
Salesforce that uh fired 8,000 I think
if I recall correctly meta Facebook
10,000 they're doing a bunch more too
coinbase fired th like
1500 I think I could be wrong on that
one um you've got Zoom fired tons of
people Spotify Dropbox Yahoo epic games
just fired 800 people again I looked at
the charts of who they were firing I
looked at uh personal opinions I looked
at Twitter and it seemed to me like epic
was firing almost entirely people they
should have never hired to begin with uh
Xerox twitch atlassian AMD Intel lift
and Uber are firing thousands Highland
software no Kia noia is firing 14,000
people in its Tech uh sector you've got
LinkedIn firing thousands Qualcomm
Oracle Shopify Groupon and there's like
three or four dozen more big companies
that I didn't even
list almost all of them across the board
were vastly over hiring and I mean
vastly just thousands and thousands of
more people than they needed they were
employee farming that's all it is so so
easy to look at this and think oh these
companies are are firing people in
anticipation for of just recession yeah
that's probably a factor but yeah I
think it goes way beyond that one other
thing I want to talk about too is how
awful Tech interviews have become now I
want to make a totally separate video
about this later um but because of this
hyp specialization Tech interviews are
just they're garbage now they're the
most painful process to go through and
they
require so much unnecessary hyp
specialized details when you're in
interviewing I just hate it um so if
you're out there and you're interviewing
this is actually good news for you
because we're going to start to see
hiring practices massively shift instead
of doing these hypers specialized rules
all these companies are going to realize
that it might actually be more
profitable not to just follow the crowd
of what people have done for the last 5
years 10 years but they're going to
start hiring more generalists and people
who wear more hats and have more value
to the company so we're going to see a
lot more useful Tech interviews you're
going to go into a tech interview
they're going to test you on the basics
of the knowledge we're going to start
seeing fizzbuzz probably make a comeback
which will be really funny um and and
we're just going to see more useful
interviewing done probably by more
useful people who are less hypers
specialized themselves um so I think
that's one good thing that will come out
of this if you're a good programmer I
think you will actually become more in
demand and you will probably make more
money too because as they weed out all
the people that are too Specialized or
maybe aren't General enough don't
understand architecture well enough
we're going to see the value proportion
increase of individual programmers and
we saw this happen in the reverse
Direction the last kind of 20 30 years
where programmers used to have super
high wages proportionately to everything
else and now today programmers make kind
of much more similar money to a lot of
bluecollar jobs I mean the average
programming wage in America is between
like 80 and
$120,000 that's also what the average
Journeyman Electrician makes now I mean
things have really shifted to blueco
color jobs being almost as valuable and
that's probably just due to
oversaturation in the industry so it'll
be a good thing to see that kind of
change and shift back to what it really
should be thank you so much for watching
this video I really do appreciate it I'm
going to try to start getting more
active on my channel again please like
this video subscribe down below make
sure you click the notification button
because I'm going to be coming out with
probably a new video every week thank
you so much for watching again and see
you later
関連動画をさらに表示
Why No One is Talking About Software Engineering! Coding is Dead?
The Broken Senior-Only Job Market
Why Widespread Tech Layoffs Keep Happening Despite A Strong U.S. Economy
GOOGLE LAYOFFS GET BIGGER - outsourcing core skills to mexico...
Chinese Youth in Tears: At 32, Too Old to Find Jobs! Economy Worsens, Major Tech Layoffs
Why Do Tech Companies Hire and Fire So Much?
5.0 / 5 (0 votes)