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

  • 🏰 The Fediverse is up. If you know, you know.
  • 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...
Cross-posting form the Wrestling thread, Take-Two developer Visual Concepts, which makes the 2K Sports games (NBA, PGA, WWE), will be laying off employees, with most of them being in the WWE division. / Archive

Thiletonomics said:
WWE 2K Games developer Visual Concepts will be laying off employees, and the WWE 2K division will bear the most of them. / Archive

To no surprise, the popularity of the Netflix version of WWE 2K25 didn't meet their expectations, and the 2K26 and 2K27 versions of the game have been cancelled. The game was doomed from the start since it was a very stripped-down version of 2K25 that requires a Netflix subscription to play.
Click to expand...
 
Aidan said:
With some exception, I've always found that anything beyond 3 interviews is absurd and a huge waste of time for everyone involved in the process. 3 is already bad most of the time. Any person-to-person interaction counts as an interview as far as I'm concerned.
Click to expand...
Its usually a great indicator for how the rest of the business runs. If you've got a dozen people between you and being able to talk to the actual team about what they're doing, then you're gonna have to face down the same layers to get anything else done in that organization. Biggest red flag is not even getting to speak to the team, its all 'hiring managers' right up to the offer letter.
 
Aidan said:
With some exception, I've always found that anything beyond 3 interviews is absurd and a huge waste of time for everyone involved in the process. 3 is already bad most of the time. Any person-to-person interaction counts as an interview as far as I'm concerned.
Click to expand...
Three for tech is fine as long as one of those is a quick 10-15 minute screening. For junior positions especially you don't need more than one technical and one behavioural each to get a good idea of the candidate. Four to five is only really ever acceptable for upper management and C-suite positions where the consequences of a poor hiring decision are significantly greater.

The real perverse interviews now though are full in-office 'day in the life of' theatre where you're expected to effectively work 8-10 hours for free while getting constantly grilled by the hiring staff and under constant stress about your every move. Start-ups seem to love this format which arguably says more about how far up their own asses the founders/leadership are than about figuring out how to secure talent.
 

Gambling Layoffs Increase as Prediction Markets and AI Reshape Sports Betting​

Penn Entertainment and Gambling.com Group announced fresh job cuts this week. Gambling.com is eliminating 25% (150 jobs) of its workforce while Penn trims more than 75 roles from its Interactive division.

The cuts arrive as the sports betting sector contends with two converging pressures. Operators are accelerating artificial intelligence (AI) adoption while regulated prediction venues siphon bets from traditional sportsbooks.
 
Kuritan Deplorable said:
Its usually a great indicator for how the rest of the business runs. If you've got a dozen people between you and being able to talk to the actual team about what they're doing, then you're gonna have to face down the same layers to get anything else done in that organization. Biggest red flag is not even getting to speak to the team, its all 'hiring managers' right up to the offer letter.
Click to expand...
its also total insanity in terms of costs to the company. 1 hour of a senior engineers time to spend interviewing a candidate is expensive, now quadruple that and factor in the preparation and the distraction it is from productive work.
2 rounds of technical might be acceptable at fagman companies or for some highly specialized expert positions but for anything beneath that its a waste of time for everyone involved and contributes to the oppressive and retarded state of the job market
 
You must log in or register to reply here.
Back
Top Bottom