Business Big Tech Layoffs Megathread - Techbros... we got too cocky...

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Since my previous thread kinda-sorta turned into a soft megathread, and the tech layoffs will continue until morale improves, I think it's better to group them all together.

For those who want a QRD:


Just this week we've had these going on:

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But it's not just Big Tech, the vidya industry is also cleaning house bigly:

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All in all, rough seas ahead for the techbros.
 
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Mr. Zed da Robot Poon Fed dijo:
This is key when applying. You have to find a way in which your resume meets the employer directly. You have to bypass HR, particularly the employee relations people or anyone adjacent to it. Mass-applying on LinkedIn or Glassdoor or Indeed or wherever could lend yourself towards being found by headhunters hired by companies who could give you jobs directly, but depending on a multitude of factors (like your occupation or race), you might need to take a different approach. That was my case, and I ended up with a bonus and a job very close to where I live that wasn't even listed publically. All the headhunter had to do was just regurgitate what was on my resume to the manager directly; she didn't have to understand it or add her own personal input. In this case, like you said, connections, particularly PMs or higher-ups. I had to learn this after I got my entry-level job

Simply applying is just going to bundle you in with hundreds of other applications and you'll be quickly rejected, regardless of whether you edited your resume to tailor to their wants or not.

And that speaks to the lack of communication, both on the human resources front and the potential employee's front. This is the result of raising a generation that isn't communicating with each other, and the pandemic, on top of the woke shit, is partial to that.

I can't speak in regards to the tech industry, though, because that's a special kind of fucked, with dumb shit like artificial intelligence reading CVs, ghost jobs, an abundance of software engineers and just the laziness and incompetence of HR. Talking with HR is like hearing chicken scratch. Talking to them made it clear that we were talking from two completely different worlds.

And it sucks. Just imagine going to college and racking mountains of debt up for a job that is null and void in a few years.
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I have an addendum to this. I was eating dinner with members of my recruitment firm (they do this once in a while to check my progress) and even they acknowledge that they needed workers, but HR was somehow making it difficult for them to hire and onboard people.
 
Well, compulsion is well and truly fucked. They've yet to have an actually meaningful financial success, and now they've got the cost of having bought out their independence again. Without a big publisher pumping unsustainable marketing budgets into them like they got with South of Midnight, the next games probably just gonna kill 'em.

Double fine will probably land on its feet, Tims always known how to pitch shit to publishers and crowdfunders alike.
 
Kuritan Deplorable dijo:
Well, compulsion is well and truly fucked. They've yet to have an actually meaningful financial success, and now they've got the cost of having bought out their independence again. Without a big publisher pumping unsustainable marketing budgets into them like they got with South of Midnight, the next games probably just gonna kill 'em.

Double fine will probably land on its feet, Tims always known how to pitch shit to publishers and crowdfunders alike.
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If Compulsion wants a chance, they will have to cut staff significantly and make smaller games. Tim Schafer is a very recognizable figure, so Double Fine should be okay, although they might have to cut staff too considering that their previous two games sold very poorly.
 
I had a mildly interesting conversation a while back with a former Meta employee. They said that over-hiring is a deliberate practice on behalf of the big tech companies. So for example when it looked as though VR and the metaverse were going to be the next big thing, Meta literally hired everyone they could find who had relevant expertise -- not because they really needed all those employees, but to prevent them going to rival companies. No idea how true this is.
 
Chicken of the woods dijo:
No idea how true this is.
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Its accurate. Part of it is talent denial, part of it is preemptively securing the staffing. Lots of people won't negotiate as hard for a raise once they're in a job, so you can lock them in at pre-explosion salaries for a sector, then you effectively get a few years of salary relief as pay catches up to the post-explosion, assuming you do need all those people, while also ensuring you're not constrained by hiring when it does blow up. You've already got the people, and they're already affordable, go nuts.

Never seen it work in practice though. Feels like unending sour grapes over early cloud migration periods when companies didn't emphasis cloud talent early and the big players soaked them all up and left them fighting for scraps and contracts.
 
Kuritan Deplorable dijo:
Its accurate. Part of it is talent denial, part of it is preemptively securing the staffing. Lots of people won't negotiate as hard for a raise once they're in a job, so you can lock them in at pre-explosion salaries for a sector, then you effectively get a few years of salary relief as pay catches up to the post-explosion, assuming you do need all those people, while also ensuring you're not constrained by hiring when it does blow up. You've already got the people, and they're already affordable, go nuts.
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More than that as well. Another reason is signalling company growth and appealing to investors with promises of higher returns because obviously you wouldn't mass hire if you didn't have a lucrative product in the works. It's a bigger thing for VC-funded firms (especially as series rounds start getting sought after), but wouldn't be surprised if some publicly traded companies follow the same mindset to help juice their stock price.
 
Smoke Manmuscle dijo:
I have a theory about things like this based on some trends I saw in other manufacturing industries. I have no data to back this up, just a hunch.

Boomers started to retire before Covid but the stupidity caused a lot of the boomers in the age range of 55-70 to say fuck it and they retired instead of deal with the retardation. The collective sum of institutional knowledge that walked out the door was immense. Many of these places were desperate for replacements and tried the H1B with predictable results. When AI blew up in 2023 it was a godsend to upper management that was staring down the barrel of an experience crisis that AI offered to solve without the expense of courting back the Boomers who had left with expensive consulting packages. Fast forward 3 years and these companies are discovering that AI is nowhere near living up to the hype and they are having to fall back on the option they spent 10 years trying to avoid, bringing the Boomers back to facilitate the knowledge transfer to the next generation.
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Also, the AI budgets are coming due.

This shit was NEVER going to remain free.

The budgets are per seat and per org and the costs are a LOT. Like for less than 350 seats you're at tens of thousands a MONTH.
 
Falcos_Commisar dijo:
Also, the AI budgets are coming due.

This shit was NEVER going to remain free.

The budgets are per seat and per org and the costs are a LOT. Like for less than 350 seats you're at tens of thousands a MONTH.
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Companies are now being charged for their actual usage and the amount they're spending is astronomical with very little if any benefit. AI in it's current form is a huge bubble and eventually it will settle into software you can license and run on local hardware.

I wouldn't be surprised if Microsoft shutters the xbox division within the next few years. I can't see them releasing another expensive console that bombs. Sony will probably give it one more try and throw in the towel if the PS6 is a dud.
 
Falcos_Commisar dijo:
Also, the AI budgets are coming due.

This shit was NEVER going to remain free.
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Anthropic Enterprise charges $600 USD per month, per seat. Before token costs. Where a single query with Sonnet 5 on the medium thinking setting costs anywhere from 30 cents to $3 on average, which is barely enough to write a throwaway script for testing. for a realistically complex instruction (more than a python/bash script) you're looking at multiple dollars at the very least. That's not even going into the frontier models like Opus or Fable/Mythos.
 
Judex Meus dijo:
Anthropic Enterprise charges $600 USD per month, per seat. Before token costs. Where a single query with Sonnet 5 on the medium thinking setting costs anywhere from 30 cents to $3 on average, which is barely enough to write a throwaway script for testing. for a realistically complex instruction (more than a python/bash script) you're looking at multiple dollars at the very least. That's not even going into the frontier models like Opus or Fable/Mythos.
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I think we're going to see a more people using the middlemen, either software or API vendors, that have routers that sit between the developers and the expensive models. Something with a just smart enough model to handle the day to day crap so that the big model, and big $, are saved for when it's needed. I'm doing some embedded C personal projects right now and I do similar. I route it to my local Gemma or Qwen for most of the code, then when it all goes to hell I spend the $2-3 to fix it with Anthropic.

Looks like I'm already late on this idea.
 
Beavis dijo:
AI in it's current form is a huge bubble and eventually it will settle into software you can license and run on local hardware.
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Even that is a 'maybe' since the cost would be prohibitive for most individuals and the customer volume it would take for personal licenses to be affordable is a chicken-and-egg problem. Especially when current models prioritize functionality over computational efficiency.

Beavis dijo:
I wouldn't be surprised if Microsoft shutters the xbox division within the next few years. I can't see them releasing another expensive console that bombs. Sony will probably give it one more try and throw in the towel if the PS6 is a dud.
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I think the writing is already on the wall for Xbox, the new CEO has made it clear she expects consistently high margins and even successful consoles take years to make back the initial r&d budget.

PS is liable to stay around in some form or other short of another ps3 level mistake, there will always be people who like the idiot proofing a console provides.
 
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