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Anonymous

Anonymous

Stealth • 9m

Tech Layoffs are a PSYOP! The tech bros are in the midst of a bloodbath where even the fittest don’t survive.This is a coordinated scam by corporate executives to drive down the cost of tech labor. Notice how the majority of these layoffs have been happening at firms with Incredible revenue growth and phenomenal profits? Historically, the justification for layoffs has been that they are necessary to keep a company solvent, this is an economically understandable forcing function. These firms with cash reserves higher than the GDP of some countries are driving layoffs to bring fown the cost of tech labor and take them back when they’re desperate enough to accept an offer to make the ends meet. As a capitalist myself, I’m wondering if we should bring Socialism back into the picture and form white collar unions. 😂

7 replies23 likes
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It's very hard to enter the tech field right now , There are many layoffs on-going now . What new freshers are students to do .... 😔😔😔😌

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The worst layoffs ever!! YesMadam a startup took a survey of its employees to find out who all are stressed and went on to fire them.

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Can you trust small/local capital venture firms who invest on yuur startup?! Cauz the rate of interest that they receive is higher than the large equity firms!

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Next wave of layoffs have started and now in #India ! Stay strong and help the people impacted !

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Smaller firms have lesser hierarchy. One of the toughest ladders to climb imo.

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Can anyone name the LLMs like GPT-4 developed by Indian firms, which are deployed commerically by businesses?

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