• Encrypt-Keeper@lemmy.world
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    2 days ago

    These work patterns are becoming common and that’s precisely the problem.

    This industry is also very vast and doesn’t just include the big tech companies. When all the big tech companies are doing layoffs like this there is no lateral or upward mobility. Many of these employees move downwards pushing out plenty of employees without the high salaries and mobilities. Some of those less mobile employees leave the industry entirely and flood others affecting those as well.

    The idea that these layoffs affect only the people laid off is not accurate. 10,000 fewer jobs means 10,000 fewer jobs. In a country that does not have enough jobs for everyone who is willing and able to work, every lob lost is a net negative for an entire industry. When this continues year over year it’s not just the big tech sycophants who are negatively affected. This shit rolls downhill to every already underpaid high school IT employee.

    • Auth@lemmy.world
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      16 hours ago

      becoming? They have been common for the past 25 years.

      10,000 fewer jobs means 10,000 fewer jobs

      No because the reporting is only on the layoffs they wont cover the hiring that will happen next month. These tech companies dont lay off people then operate with 10,000 less staff. Meta’s employee count has increased every year except the year after covid.

        • Auth@lemmy.world
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          13 hours ago

          you think by the end of the year Meta will have 10,000 less employees than it did at the start? I dont think thats likely. They will either increase employee count or slightly reduce due to how cooked the economy is but they will hire back a majority of those 10,000 jobs.