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"Battered by years of mass layoffs, California tech workers were hoping the job market would rebound this year," reports the Los Angeles Times. "But things are getting worse."
The class divide is widening in Silicon Valley as a tiny group of employees is landing unprecedented packages for AI skills, while many others struggle to find work. The have-nots are doing everything that used to guarantee great jobs — refreshing resumes, optimizing LinkedIn profiles and doing interviews — but companies are much more picky these days. The tech jobless are rethinking their lives. Some are taking pay cuts, others are leaving tech. Some are going back to study or launch startups. Some have retired....
Since 2022, more than 815,500 tech workers have been laid off, according to Layoffs.fyi, a website that tracks job cuts. The tsunami of pink slips surged in 2023, when companies that had gone on hiring sprees during the COVID-19 pandemic began to cut back. From January to April, U.S. tech employers announced 85,411 job cuts this year, up 33% from the same period last year, according to global outplacement and executive coaching firm Challenger, Gray & Christmas. The Public Policy Institute of California estimates that the number of information jobs — which includes jobs in hard-hit Hollywood as well as tech — tumbled 17% between the middle of 2022 and this February. The San Francisco Bay Area has been hardest hit, the institute said in a recent report, with the number of jobs declining by 0.4%, compared with 7.5% growth over a similar time span before COVID-19 slammed into the U.S. economy.
Tech layoffs are also spilling over into other industries. Automaker General Motors laid off roughly 600 workers in its information technology department, and Walmart is reportedly laying off or relocating roughly 1,000 workers in its technology and products teams. Recruiters say companies have become much more selective, requiring AI skills, combining different positions and interviewing more people for each job. "You're seeing elongated hiring cycles," said Robert Lucido, senior director of strategic advisory at Magnit, a California company that helps tech giants and other businesses manage contractors, freelancers and other contingent workers. "There's more opportunity to fill the need that they truly want."
Paul Flaharty, district president at staffing firm Robert Half in Los Angeles, said companies are laying off workers, but also creating new roles tied to AI initiatives. "For individuals that are displaced, it's really important that they find ways to upskill themselves so that they can make themselves as attractive as possible for these new jobs that are being created," he said. Kira Martins was already taking on more work in a small team at Snap — the parent company of disappearing messaging app Snapchat — when she was laid off in April. The company said the layoffs were to cut costs as it focuses on profitability, noting how employees are using AI to "reduce repetitive work, increase velocity, and better support our community, partners, and advertisers...." Martins, a 36-year-old Los Angeles resident, views AI as a tool and is optimistic about finding her next role. People still need to decide how to use AI and check the work it generates, she said. "In tech, you want to be a first adopter, because if you don't move quickly, it's very easy to become irrelevant," she said. "Everyone's kind of hopping on the AI train."
A former Google worker (laid off more than a year ago) says he's still job hunting, according to the article, and "he's learned it's not enough to just apply in this competitive market. Workers really need to network and leverage their connections to get seen by hiring managers and stand out."
But when 64-year-old product manager Bruce Bowers lost his job at Oracle — along with thousands of others — he just started his retirement early.
The class divide is widening in Silicon Valley as a tiny group of employees is landing unprecedented packages for AI skills, while many others struggle to find work. The have-nots are doing everything that used to guarantee great jobs — refreshing resumes, optimizing LinkedIn profiles and doing interviews — but companies are much more picky these days. The tech jobless are rethinking their lives. Some are taking pay cuts, others are leaving tech. Some are going back to study or launch startups. Some have retired....
Since 2022, more than 815,500 tech workers have been laid off, according to Layoffs.fyi, a website that tracks job cuts. The tsunami of pink slips surged in 2023, when companies that had gone on hiring sprees during the COVID-19 pandemic began to cut back. From January to April, U.S. tech employers announced 85,411 job cuts this year, up 33% from the same period last year, according to global outplacement and executive coaching firm Challenger, Gray & Christmas. The Public Policy Institute of California estimates that the number of information jobs — which includes jobs in hard-hit Hollywood as well as tech — tumbled 17% between the middle of 2022 and this February. The San Francisco Bay Area has been hardest hit, the institute said in a recent report, with the number of jobs declining by 0.4%, compared with 7.5% growth over a similar time span before COVID-19 slammed into the U.S. economy.
Tech layoffs are also spilling over into other industries. Automaker General Motors laid off roughly 600 workers in its information technology department, and Walmart is reportedly laying off or relocating roughly 1,000 workers in its technology and products teams. Recruiters say companies have become much more selective, requiring AI skills, combining different positions and interviewing more people for each job. "You're seeing elongated hiring cycles," said Robert Lucido, senior director of strategic advisory at Magnit, a California company that helps tech giants and other businesses manage contractors, freelancers and other contingent workers. "There's more opportunity to fill the need that they truly want."
Paul Flaharty, district president at staffing firm Robert Half in Los Angeles, said companies are laying off workers, but also creating new roles tied to AI initiatives. "For individuals that are displaced, it's really important that they find ways to upskill themselves so that they can make themselves as attractive as possible for these new jobs that are being created," he said. Kira Martins was already taking on more work in a small team at Snap — the parent company of disappearing messaging app Snapchat — when she was laid off in April. The company said the layoffs were to cut costs as it focuses on profitability, noting how employees are using AI to "reduce repetitive work, increase velocity, and better support our community, partners, and advertisers...." Martins, a 36-year-old Los Angeles resident, views AI as a tool and is optimistic about finding her next role. People still need to decide how to use AI and check the work it generates, she said. "In tech, you want to be a first adopter, because if you don't move quickly, it's very easy to become irrelevant," she said. "Everyone's kind of hopping on the AI train."
A former Google worker (laid off more than a year ago) says he's still job hunting, according to the article, and "he's learned it's not enough to just apply in this competitive market. Workers really need to network and leverage their connections to get seen by hiring managers and stand out."
But when 64-year-old product manager Bruce Bowers lost his job at Oracle — along with thousands of others — he just started his retirement early.
Read more of this story at Slashdot.
Dát is gezellig voor de sfeer, bij de G7-top die vandaag begint in het Franse Évian. Een van de deelnemers, de Amerikaanse president Donald Trump, dreigt de gastheer, zijn Franse…
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BUNIA (ANP) - Er is meer noodhulp nodig om de ebola-uitbraak in de Democratische Republiek Congo onder controle te brengen, stelt Artsen zonder Grenzen (AzG). Volgens de hulporganisatie verspreidt het dodelijke virus zich een maand na de uitbraak nog altijd sneller dan dat de hulp voor de bestrijding toeneemt.
"Niemand weet de echte omvang of waar de ziekte zich precies verspreidt", zegt AzG-coördinator Kate White. "Wat we wel weten is dat de meeste behandelcentra in de provincie Ituri overweldigd zijn." Officieel zijn er ruim 650 besmettingen en meer dan 130 sterfgevallen, maar AzG vermoedt dat het werkelijke aantal hoger ligt. De overgrote meerderheid daarvan is aangetroffen in Oost-Congo, met enkele gevallen in Oeganda.
De hulporganisatie roept op tot een "grotere en beter gecoördineerde respons, met meer testcapaciteit, betere opsporing van besmettingen, nauwere samenwerking met lokale gemeenschappen en blijvende toegang tot reguliere gezondheidszorg".
Voormalig Feyenoord-bestuurslid en lid van verdienste Aad van der Laan is zondagochtend overleden. De Rotterdammer was ook bekend als bokser, keeper en zakenman. Hij is 90 jaar geworden.
The Standard of Living by James Graham traces economist’s influence on British politics and culture
After exploring the rise of Rupert Murdoch and the emergence of Gareth Southgate’s England team, James Graham has turned his attention to one of the most important political figures of the 20th century: John Maynard Keynes.
His new play, The Standard of Living, directed by Nicholas Hytner and opening at the Haymarket in September, focuses on Keynes’s life from 1917 until his death in 1946 – a period in which he became the founding father of macroeconomics and reshaped government thinking on finance and the role of the arts.
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“As you can imagine, it’s not the right time,” a Navy spokesperson told local media.
jspeter9191 has added a photo to the pool:
At my village(Tallawong) evening clouds, Sydney, Australia.
God bless you.
