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Youvebeeneloned t1_j4rrwgx wrote

Reply to comment by urgjotonlkec in Microsoft to cut thousands of jobs - Sky News by Familiar-Turtle

Its more the media is making it all up to make it seem like its a thing.

All these companies cutting jobs have hundreds of thousands of employees. Its literally like 2-3% attrition rates which is well below national average and typical this time of year because this is when any companies whose fiscal years match the calendar year are giving out performance reviews.

Likewise the "large" numbers of tech jobs cut are not being reflected in monthly unemployment numbers which not only continue to be low, but actually are getting lower as of last month... and these are not the type of employees who run out and get Christmas jobs at the mall here...

The only outliers is Twitter because of Musks fuckery... and Salesforce because their CEO fucked up royally with hiring over COVID. Outside of that I would not bat an eye at even 5-6k job loss in the tech industry... since thats only slightly higher than the normal yearly 2-3k.

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cubobob t1_j4v3bwt wrote

Also, are they not doing this every year? Scrap up 1 to 5%, Close some departments, deprecate some tech, get new people, open new departments. Aside from the Twitter fuckup of course.

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