Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
view the rest of the comments
What you're describing is a different problem that does exist but isn't what's going on here in the US. The layoffs have been so broad and across so many different industries with almost no rhyme or reason.
Several of my friends who have been in the industry for years, and quite good at what they do, have been laid off. Many of the companies fired people simply based on who was hired last (even if they'd been there 3 years and a high contributor). Others fired just based on which team made the least money back (without regard for if they were a support team or some other important group like an infrastructure team not directly developing a product but developing for all the other teams). The steel processing company one of my friends worked for developing their inventory system and such, they told each manager to lay off 20% of their team and didn't give any more guidance.
The article focuses on the big companies like Google and Microsoft but country wide from the companies with only a few people on up have been laying off developers. This was a safe choice field a few years ago but more is flooded with competing applicants for job listings.
It's a cargo-cult for stock price manipulation.