Jan 25, 2024 RALEIGHBe my friend on X at: https://x.com/Josh_Christiane In the recent months companies like Unity, Amazon, Intel, IBM, Nokia, Samsung, and many more have fired hundreds of thousands of tech workers collectively. In this video I dive into the dark side of the tech industry and what is fueling this current wave of mass layoffs, the whispers of “employee farming,” and the hiring practices fueling a collapse within the industry. Please like, subscribe, and leave a comment about your experience working in technology or a related industry doing layoffs.
Summary:
00:02 AI is not the main reason for tech layoffs
02:11 AI is limited in creatively solving problems and won’t replace programmers soon
06:15 Tech companies inflate their value through employee farming and hyper specialization.
08:26 Tech companies are creating specialized and unnecessary job roles.
12:26 Tech layoffs are a result of over hiring and bad leadership.
14:27 Tech layoffs due to hands-off approach and prioritizing good programmers
18:11 Tech layoffs and management issues at Unity
19:51 Tech giants are laying off thousands due to overhiring and anticipating economic downturn.
23:27 Tech layoffs are leading to an oversaturation in the industry.
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