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Layoffs certainly do happen outside US and ZIRP was not uniquely American thing.

by rl1987 1y ago

lordkrandel 1y ago
I haven't heard of anyone being laid off in my circle, no newspaper talking about that. Sure there must have been some Microsoft or Google employee laid off, but they do not represent big numbers here, so it's totally different. There are also almost no startups here.
- rl1987 1y ago
  Some quick examples: Bosch: https://edition.cnn.com/2024/12/11/business/bosch-germany-job-cuts-intl https://edition.cnn.com/2024/12/11/business/bosch-germany-jo... Panasonic: https://www.manufacturingdive.com/news/panasonic-layoffs-consumer-electronics-10K-workers-globally/747744/ https://www.manufacturingdive.com/news/panasonic-layoffs-con... SAP: https://www.thestack.technology/sap-layoffs-cost-3-billion-licence-deadline/ https://www.thestack.technology/sap-layoffs-cost-3-billion-l... Cisco: https://www.brusselstimes.com/1328320/us-company-cisco-to-shed-almost-a-third-of-staff-in-belgium https://www.brusselstimes.com/1328320/us-company-cisco-to-sh... Telia: https://www.reuters.com/business/media-telecom/swedens-telia-cut-3000-jobs-this-year-cost-saving-drive-2024-09-04/ https://www.reuters.com/business/media-telecom/swedens-telia... Sure, numbers are lower, but tech downturn is a global thing.
  - lordkrandel 1y ago
    Thats what I said. It's been 10% of what it's been in the US. I'm not saying the economy goes well. The difference between what the US had before (the hiring spree) and now, we never actually felt in EU. If you look up Italy, it's been laying people off (not only tech) for 50 years.
lordkrandel 1y ago
Go check what I say if you don't believe me. Ask ChatGPT for sources, check Reddit or official statistics. It's been like 10% of what is in the US. Here finding a job has ALWAYS been a problem, not just now. https://www.businessinsider.com/big-tech-layoffs-meta-snap-and-twitter-europe-vs-us-2023-2 https://www.businessinsider.com/big-tech-layoffs-meta-snap-a...

Layoffs certainly do happen outside US and ZIRP was not uniquely American thing.

by rl1987 1y ago

Layoffs certainly do happen outside US and ZIRP was not uniquely American thing.

I haven't heard of anyone being laid off in my circle, no newspaper talking about that. Sure there must have been some Microsoft or Google employee laid off, but they do not represent big numbers here, so it's totally different. There are also almost no startups here.

rl1987 1y ago
Some quick examples: Bosch: https://edition.cnn.com/2024/12/11/business/bosch-germany-job-cuts-intl https://edition.cnn.com/2024/12/11/business/bosch-germany-jo... Panasonic: https://www.manufacturingdive.com/news/panasonic-layoffs-consumer-electronics-10K-workers-globally/747744/ https://www.manufacturingdive.com/news/panasonic-layoffs-con... SAP: https://www.thestack.technology/sap-layoffs-cost-3-billion-licence-deadline/ https://www.thestack.technology/sap-layoffs-cost-3-billion-l... Cisco: https://www.brusselstimes.com/1328320/us-company-cisco-to-shed-almost-a-third-of-staff-in-belgium https://www.brusselstimes.com/1328320/us-company-cisco-to-sh... Telia: https://www.reuters.com/business/media-telecom/swedens-telia-cut-3000-jobs-this-year-cost-saving-drive-2024-09-04/ https://www.reuters.com/business/media-telecom/swedens-telia... Sure, numbers are lower, but tech downturn is a global thing.
- lordkrandel 1y ago
  Thats what I said. It's been 10% of what it's been in the US. I'm not saying the economy goes well. The difference between what the US had before (the hiring spree) and now, we never actually felt in EU. If you look up Italy, it's been laying people off (not only tech) for 50 years.

lordkrandel 1y ago

Go check what I say if you don't believe me. Ask ChatGPT for sources, check Reddit or official statistics. It's been like 10% of what is in the US. Here finding a job has ALWAYS been a problem, not just now. https://www.businessinsider.com/big-tech-layoffs-meta-snap-and-twitter-europe-vs-us-2023-2 https://www.businessinsider.com/big-tech-layoffs-meta-snap-a...