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U.S. Tech Layoffs Hit Two-Decade High in October

⁨138⁩ ⁨likes⁩

Submitted ⁨⁨2⁩ ⁨hours⁩ ago⁩ by ⁨cyrano@piefed.social⁩ to ⁨technology@lemmy.world⁩

https://thefivepost.com/u-s-tech-layoffs-hit-two-decade-high-in-october/

cross-posted from: https://ttrpg.network/post/28484448

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Comments

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  • jtj4135@lemmy.zip ⁨2⁩ ⁨hours⁩ ago

    Atmospheric and Oceanic science has been heavily defunded this year. A quarter of my program at NOAA has been laid off this year.

    If I lose my science job, I was planning on going into tech. Now where do I go??? It feels like the walls are closing in.

    I should have gone to a trade school instead :/ STEM was a bad choice.

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    • squaresinger@lemmy.world ⁨18⁩ ⁨minutes⁩ ago

      Tech is a field where there’s always infinite work to do, and it’s always only limited by the budget.

      We had very low interest rates for over a decade, which made investments more profitable and thus there was always a ton of money to go around. The current financial downturn is the main reason of all the tech layoffs with no budget there are no jobs.

      The upside of that: Even with all the talk of AI and stuff, once the interest rate goes down and investments go up, all the jobs will be back.

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    • inmatarian@lemmy.world ⁨1⁩ ⁨hour⁩ ago

      Don’t wait, go straight into training in another field. Send out your resumes for a tech job, but start working on a backup.

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      • jtj4135@lemmy.zip ⁨1⁩ ⁨hour⁩ ago

        That’s a good idea! And if I get rejected, at least I’ll know which new skills to focus on. In the meantime, I’ll try to figure out what other career besides tech would fit my education and skill set.

        I have a master’s of science in atmospheric and oceanic science, which unfortunately is a very niche field. I made a miscalculation that my field would grow due to the increase in severe weather and negative affects from climate change.

        Thanks for your advice :)

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    • Ghostalmedia@lemmy.world ⁨1⁩ ⁨hour⁩ ago

      Are you working for the government?

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      • ernest314@lemmy.zip ⁨1⁩ ⁨hour⁩ ago

        NOAA is run by the US government, yes.

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  • shalafi@lemmy.world ⁨1⁩ ⁨hour⁩ ago

    Should I give up on finding a tech job? Surely my resume won’t stack against all these laid of people. I mean, it’s not bad, and I’ve scored great jobs before it was as stacked as it is today. Been unemployed for over a year and a half, haven’t looked too much.

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    • mr_account@lemmy.world ⁨13⁩ ⁨minutes⁩ ago

      It’s probably worth it to look into changing fields entirely, but honestly so many industries in the US are hurting right now, IDK which ones would even be a good option…

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      • Alexstarfire@lemmy.world ⁨7⁩ ⁨minutes⁩ ago

        Any chance you’re good at making guillotines? One can hope they become high demand.

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