4 ms·
Are there enough companies that can afford all the tens of thousands of fired workers SV salaries if all these big companies are firing them?
by wdb 4y ago
Are there enough companies that can afford all the tens of thousands of fired workers SV salaries if all these big companies are firing them?
- jvanderbot 4y agoAmazon did a lot of stuff. Most of the engineers weren't really fungible, they were more specialized. The robotics project set was really hard hit, and frankly that's good for the industry as now there's more talent floating around. Robotics has been super dry for a long time.
- jjcon 4y agoMost of the tech companies are letting a mix of recent hires, corporate middle management and in amazon’s case some logistics warehouse workers and specialty project engineers were let go. It’s a pretty eclectic, diverse group of people so its not as hard as it sounds to reabsorb into other companies. If they were all engineers or all HR there might be issues but in an already over-employed economy already 17k jobs won’t even make a dent in just about any sector right now.
- bushbaba 4y agoI disagree there’s simply not enough FANG level high paying jobs to fill all these employees into. Many will end up at startups and other industries with a paycut. Few companies are willing to pay a HR or Recruiter 300k/year comp.
- operatingthetan 4y ago>Few companies are willing to pay a HR or Recruiter 300k/year comp. Amazon wasn't doing that.
- preordained 4y agoI don't understand why you were downvoted. Maybe not optimistic/cheery, sure, but not an outlandish take at all I'd say.
- AviationAtom 4y agoYou didn't see this coming? The contraction in unavoidable. Mania is never good. At some point heads have to come back down to Earth. The further we go into space the harder they crash back to Earth.
- csomar 4y agoEven the current state is still ridiculous. There is still high demand but back to normality is preferred. The quality of highly-paid/low-experience-knowledge-quality engineers was toxicating the market and I’d say hurting the good ones instead. If they are not really into tech (and just making money, which is fine by its own right), then they’ll land somewhere else.
- Sparkyte 4y agoIf we had regulations to ensure jobs and roles. Obligated a company to give a four month parachute if laid off or fired it would making companies hire better talent as to avoid too much loss. Prevent artificial unavailability of jobs. When you release 17k people into the work force you can be sure Amazon will be slow to fill the gap it created. So it holds up hiring. Then those 17k people are going to flock to whatever available role can be acquired. This will extend the interviewing processes and make it harder. Tech companies and unfair hiring practices are what are leading to our financial collapse.