I’ve been in many roles I the IT field over my (almost not quite) 30 year career. Never was a director but analyst, admin ,consultant, currently I’m in a lower responsibility job leading IT support techs (but they are paying very well for it) .
Anyway I just wanted to lay out my background to say it’s VERY rare to work for a company of more than 1000 employees and their IT is actually efficient. There’s layers of managers for other managers then there’s always a lazy engineer or administrator for every 2 or 3 that work.
Then there’s the middle man communication bs . “Tell this person this “ ( meanwhile you think aren’t you assigned to that project ? Does your phone work?)
It goes on and. On.
So to package this to the relevant topic . AI SHOULD get rid of some jobs ! I hope it does . Just like some companies should trim their managers- why are there managers for two people at some organizations (specifically to IT) - you can shed a manger and roll those folks under a dept?
Lots of words in this thread, but profits and accounting to please shareholders should be at the top. If I invest, I want profits, or I’ll put my money somewhere else.
Cyber Security and Data is still in high demand for the time being, particularly the cyber security field. Most coders have the capacity for DB management.
If you are one of the unicorns with the mind and dedication for cyber security, I highly recommend it since it’s so lucrative and merit driven.
I work in manufacturing as a tradesman so its a bit different. However, one thing that always is true is the 80/20 rule. You end up with 20% of the employees doing 80% of the work.
Sometimes you gotta cut loose the useless and lazy. They just hold companies back.
Completely agree. I’m a manager myself and while if you hire the best bricklayer to manage the other bricklayers, you’re doing it wrong, the manager at least needs to know HOW to do it, or how can they relate to the people they are supposed to be managing?
Genius, using AI to summarise layoffs in an industry that uses AI to write an article referencing to itself as part of the reason why layoffs are happening and you still need to ask why.
I can summarise in one word why people are getting fired: Innovation.
See I would… but I remember a period of time when blue collars were hit when the current administration came in and shut down some major infrastructure jobs that cost a lot of welders their current livelihood. I had several friends lose everything, and others who barely made it. I remember the white collar remarks from journalists and even tech people (that I know) and others… I have no empathy right now. I really, really don’t. Hope all those ‘quiet quitters’ and those that refused to return to the office environment are the first on the chopping block.
The stock market is at all time highs. The U.S. unemployment rate is near the 50 year low. Inflation is running at around 3% now. Except for interest rates, the economy is doing pretty great at the moment.
Big Tech overhired in reaction to the pandemic bounceback. Pandemic boom, post-pandemic bust. Different triggers, same business cycle. For Activision Blizzard-specific reasons, acquiring companies always cut jobs because there are going to be overlap. Also, Microsoft paid $69 billion for ATVI, which was near the all time highs for market cap. Had they been lucky enough to bid nine months later, they would have very likely paid 10%-20% less which would have resulted in an instant higher return on their investment. And perhaps they wouldn’t have had to go as deep with job cuts.
