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...
Genuine question, how much of the internet are you guys predicting is going to die off by the end of this decade? Even past AI, tons of these sites have no purpose anymore or are only around for the current declining generation of Boomers.

My bets on FaceBook/Meta as the bold prediction. Once the oldest gens are gone, the site will lose its main audience. I don't think even the government will want to fund their worthless site once we hit the culling.
 
Basic Blond Boy said:
My bets on FaceBook/Meta as the bold prediction. Once the oldest gens are gone, the site will lose its main audience. I don't think even the government will want to fund their worthless site once we hit the culling.
Click to expand...
Instagram is still popular and has turned itself into a TikTok clone. Facebook the website is still used for Marketplace and local groups/events by most people. WhatsApp is incredibly popular in the third world but as such makes no money.
 
Basic Blond Boy said:
Genuine question, how much of the internet are you guys predicting is going to die off by the end of this decade? Even past AI, tons of these sites have no purpose anymore or are only around for the current declining generation of Boomers.

My bets on FaceBook/Meta as the bold prediction. Once the oldest gens are gone, the site will lose its main audience. I don't think even the government will want to fund their worthless site once we hit the culling.
Click to expand...
The internet is propped up by bots talking to bots selling ads to bots which are viewed by ad-viewing bots.
100% of real people who used FB could stop using it tomorrow and nobody would notice. It has been filled to the brim with fake accounts since its inception.

As long as the ads keep generating clicks, the marketing campaigners will keep selling marketing lies to companies whose products sell themselves. The internet is self sustaining.
 
Basic Blond Boy said:
Genuine question, how much of the internet are you guys predicting is going to die off by the end of this decade? Even past AI, tons of these sites have no purpose anymore or are only around for the current declining generation of Boomers.

My bets on FaceBook/Meta as the bold prediction. Once the oldest gens are gone, the site will lose its main audience. I don't think even the government will want to fund their worthless site once we hit the culling.
Click to expand...
Of specifically already existing sites? Seventy percent by traffic, easily. Abundant access to information has made us more aware than ever of the megaplayers, to the point that they seem insurmountable, but the same was once though of Kodak, Sears, and the other kings of their eras dynamics. I think social media primacy is going to wane as the nostalgia effect for the 2000's comes into full swing and people yearn for the early days of chatrooms and private sites and forums again, and its going to take the kings of current social media down with them. That makes up a huge portion of the current internet as we know it.

Of actual human content? I think there will be a modest decline. Between government regulation squeezing the literal fun out of much of the internet, the aforementioned 2000's nostalgia, and a combination of the growing disdain for it all by power users and the new generations habit of eschewing the old generations habits, I just don't think people will want to spend as much time using the internet as a place to speak and share. Most people are consumers of media and commenters of current events, and I think the latter category will just collapse between having to put every comment under your real identity and growing restriction on what you can even say.

The only thing that I don't think will meaningfully decline is content consumption. Creation of it will become more centralized as regulation, maturation of natural monopolies and decline in interest starts to make one-man-shop creators less viable, but people will still doomscroll content and watch videos on autoplay. They just may not do so on instagram or youtube.
 
So to respond to your thought, Meta and Yahoo absolutely. Meta has spent inordinate amounts on R&D that leads nowhere. Also, they have been losing a lot of money on advertisers pulling out of their site.

So OpenAI might be in more trouble than we thought. They are breaking their button and putting ads on ChatGPT. Remember, they need 50 billion this year to just stay afloat. Judging by how quickly they did this meaning their current investors are not biting, and the venture capital is empty. I figured MicroShit is not biting as much due to their awful PR currently, and they are losing a lot of money too.
 
Kuritan Deplorable said:
They just may not do so on instagram or youtube.
Click to expand...
Speaking of YouTube, I honestly wonder how much longer they got. Not in terms of company collapse, but more so in data culling. I remember a year or two back, people were worried about YouTube killing off the early years as Google is now taking out unused accounts. I can see a point where they begin to purge the pre-2020 content. Plenty of videos have been increasingly going missing from my view, makes me wonder what is all at play in the backend - since I don't think these YouTubers are deleting/delisting.

Kier Starmer said:
I figured MicroShit is not biting as much due to their awful PR currently, and they are losing a lot of money too.
Click to expand...
I think it was in the business topic that someone betted on Microsoft's collapse, maybe you? Microsoft is definitely in a weird place between the failure of XBOX, the total India takeover of their technologies, and now A.I. going nowhere. To some degree, I can kind of see it.
 
Last edited:
FB/Meta wont go under. The whole reason they could squander so much on the metaverse nonsense is because they print money and have essentially nothing to spend it on. If times get tough, they just stop throwing piles of cash into "R&D".

None of the big tech companies have achieved anything in years. Self driving cars, AR/VR, game streaming - none of it's panned out to be good enough to recoup all the costs, and LLMs will be the same.
 
Pattern Juggler said:
FB/Meta wont go under. The whole reason they could squander so much on the metaverse nonsense is because they print money and have essentially nothing to spend it on. If times get tough, they just stop throwing piles of cash into "R&D".

None of the big tech companies have achieved anything in years. Self driving cars, AR/VR, game streaming - none of it's panned out to be good enough to recoup all the costs, and LLMs will be the same.
Click to expand...
I have a Meta Quest 3 and the slop on it is pretty fun. Decent entry level headset for VR gaming on PC too.

Pick one up if you can.
 
Last edited:
 
I think the axe is about to hit my sector hard, bros. It hit elsewhere but it’s coming for us now. I can feel it.

I’m actually really excited for it as it means we get rid of all the retards and if they think I’m a retard then I get a massive redundancy payment on the way out 🥳
 
I suspect a lot of these hits are H1Bs and low performance. It cuts costs with the new H1B filing, and you get to disguise it as poor performance all at once. On top of that, I think it is a lot of the corpos finally shifting that 2020-2 bloat. Costs are rising, and people are spending less, so they have to axe jobs to make the numbers go up.
 
You must log in or register to reply here.
Back
Top Bottom