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vaibhav_bu t1_ja40y2z wrote

Reply to comment by ZadarskiDrake in What Happens From Here? by B3stAuD1t0rofA11tiME

Just read about the layoffs in the tech industry and this rosy picture that you painted will start to fade away.

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StockNinja99 t1_ja45on9 wrote

The layoffs are a tiny fraction of the workforce, many these tech firms still have more people on the payroll then in 2020

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vaibhav_bu t1_ja5sqzx wrote

I don’t think using the same number of employees as 2020 is a good measure to see if the companies are bloated. But the amount of “wasted resources” in big tech companies (FAANG) is insane. The only reason why they were able to support this was because of the crazy profits that were raked in, take that profit out of the equation and everything falls through.

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uponhillsandvalleys t1_ja7l7yh wrote

Tech industry ≠ tech support for non-tech industries.

This isn’t a hard concept.

Layoffs at Snapchat/Facebook are not related whatsoever to roles like networking engineer at a healthcare corporate data center.

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