Business Big Tech Layoffs Megathread - Techbros... we got too cocky...

  • Want to keep track of this thread?
    Accounts can bookmark posts, watch threads for updates, and jump back to where you stopped reading.
    Create account
Since my previous thread kinda-sorta turned into a soft megathread, and the tech layoffs will continue until morale improves, I think it's better to group them all together.

For those who want a QRD:


Just this week we've had these going on:

1706112535506.png

1706112610401.png

1706112702576.png

But it's not just Big Tech, the vidya industry is also cleaning house bigly:

1706112854585.png

All in all, rough seas ahead for the techbros.
 
Click to expand...
Baggywrinkle_v2 said:
The problem is that in the huge amount of recent tech layoffs, citizens are disproportionately affected from what I've seen. In some teams, the only people laid off were non-Asian.
Trump says he wants to "reshore" chipmaking. No doubt that means bringing more Asians here to do the work.
I guess all the white people who can't get a tech job because of H1Bs are now free to take over jobs from the deported Mexicans. From working at Apple to picking apples, what a career path.
Click to expand...
If you're a corporation that promotes Americans getting a degree and getting into high amounts of debt, just to give their prospective jobs to a foreigner, you deserve to be taxed.

And this is coming from someone who would otherwise vote against a lot of taxes.
 
The economy is fucked, the culture is fucked, the politics are fucked and if you try to fix anything you will break everything. Doesn't matter if you learn to code or learn to weld. The people with assets started pulling the rug before you were born and now it's moving too fast to even stand up.

Edit because I'm illiterate.
 
Last edited:

Bay Area tech titan announces mass layoffs just after soaring revenue report​

Click to expand...
It's Cisco
Cisco, the San Jose-based technology giant, has announced another round of layoffs affecting Bay Area workers, marking a familiar pattern of reporting skyrocketing revenue followed by drastic job cuts.
Click to expand...
According to Aug. 13 WARN filings with California’s Employment Development Department, the company will eliminate 221 positions across its Milpitas and San Francisco offices. WARN documents are generally required by the state in the event of mass layoffs.
Employees were notified of the layoffs on Aug. 14 and their terminations will be effective Oct. 13. The most cuts, affecting 157 jobs, largely in software engineering roles, were at Cisco’s Milpitas office at 560 McCarthy Blvd. Cisco’s San Francisco office at 500 Terry A. Francois Blvd. will cut 64 positions, according to the filing.
The filings came the same day Cisco released its fourth-quarter earnings, which reported $14.7 billion in revenue, an 8% increase from the same quarter last year. Revenue for the 2025 fiscal year was $56.7 billion, up 5% from the previous year.
This also isn’t the first instance of Cisco cutting jobs after a quarter of growth. Last September, shortly after announcing a $10.3 billion annual profit, the company laid off 840 employees across the Bay Area.
Cisco’s financial report also pointed to the company’s AI infrastructure, which generated $2 billion in revenue for the fiscal year, more than double its $1 billion goal. Cisco said it plans to expand its AI investments in the next year but did not reference any workforce reductions or financial difficulties.
In a Thursday interview with CNBC on the same day of the report, CEO Chuck Robbins addressed AI technology in the company’s workforce.

“I don’t want to get rid of a bunch of people right now. I don’t want to get rid of engineers,” Robbins said. “I just want our engineers we have today to innovate faster and be more productive and that gives us a competitive advantage.”
Robbins said if AI keeps advancing at Cisco, the company could possibly hire fewer employees. Cisco did not respond to SFGATE’s request for comment on the latest round of layoffs.
The AI boom isn’t just specific to Cisco either. Some AI startups have openly admitted to replacing human workers with AI technology. Legacy tech companies such as Microsoft have joined the trend, with mass layoffs or slowed hiring as part of an effort to invest more in AI.
Click to expand...
 
Ahriman said:
View attachment 7813829

View attachment 7813830

View attachment 7813833

View attachment 7813835

View attachment 7813838

Many such cases.

Related,

View attachment 7813858
Click to expand...
This is straight up illegal and dude has a open and shut National Origin Discrimination case. I bet you could get a hot shot young lawyer to start suing for free and take a cut of the profits from the settlement.
 
Last edited:

MIT recently put out a research result confirming 95% of AI pilot projects fail, and the 5% of success was in replacing

Outsourcing

1755896850103.webp
1755896850103.webp1755896850103.webp1755896850103.webp

The gauntlet has been thrown down. The image in the spoiler is a great IRL representation of SoftBank as they destroy themselves daily of any assets they have left.
 
Ahriman said:
View attachment 7806342

It's over for zoomers.
Click to expand...
Given how many humanities majors with low to no job prospects there are out there, at least some of the CS unemployment has got to be driven by people holding out for a Big Tech job rather than taking some $65k/year offer doing grunt work in the boonies. Because if the alternative is 'worse job prospects than a Gender Studies major' I call bullshit.

Thread tax - it's not just tech companies cutting positions, it's the schools that had a symbiotic relationship with them:


This is a long-existing program at a mid- to high- tier school, either the corporate/grant funds are drying up or the people in charge see the crash coming and are trying to get ahead of it.
 
Cedric_Eff said:
No duh, they rather optimize their revenue with imported workforces from Asia, Indian Subcontinent or just flat out use AI.

Why hire Jimmy when he costs a lot when Harjinder is available for several rupees and an Google Giftcard.
Click to expand...
He doesnt though. Thats the fucked up thing.

If you get a H1B from TCS you are paying 35 to 60 dollars an hour. Equivalent billable for a FTE will be 70 to 90. If the company actually owns the H1B its no better. The actual H1B scam is by the body shops. Google isnt meaningfully saving money off the H1Bs they own. The gain is the pseudo slavery you get. That slavery just gets you the sams performance as a white person who gives a fuck and cares about what they do.

Plenty of Americans will take 35 an hour is the big elephant in the room. Dei and modern HR is the other elephant. I would rather Kumar Yes Saar reporting to me than fucking Shaniqua.

Kumar yes sir doesnt involve hr bullshit. If I do fte HR will throw Shaniqua, Jontavarious, anz Kumars kids who got a green card and is now not about that H1b shit anymore.
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom