The Tech Job Debacle (Ep.50)

28 Jun The Tech Job Debacle (Ep.50)

Posted at 08:59h in Uncategorized by

Heavy Strategy Podcast
Episode 50—June 28, 2023

Google, Microsoft, Twitter, META/FB and a few others laid off an estimated 200,000 tech and tech-adjacent folks in recent weeks. Other companies like Fedex and Amazon have made layoffs, many impacting the IT teams.

What does that mean for the tech industry? Between AI and our corporate overlords are we all lucky to be employed, and should we go back to working 80 hour in-office weeks?

It’s worth noting that the companies have hundreds of millions in cash and record profits—why do they feel the need to lay off tech and tech-adjacent workers?

What’s going on here? And what should IT folks do about it?

(Johna will happily steal her client’s observation that all the big muckety-mucks got together in Davos and a week later came the layoffs… do we think that’s a coincidence?)

 

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