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Why are there so many layoffs in the tech sector?

 
Anonymous Coward
User ID: 84964441
United States
03/25/2023 10:50 PM
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Why are there so many layoffs in the tech sector?
i work tech on a contracted basis from home for some big corps, mostly medium to small ones though. make good money. AI hasn't affected my lifestyle.

is AI hurting people that much?
Anonymous Coward
User ID: 72496802
United States
03/27/2023 12:15 PM
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Re: Why are there so many layoffs in the tech sector?
Ahhh beez uh kneecgrowe skala ann ahh gotz uh kommint. Dey ayn no knicguzz in tech dat meenz yoo kan fire duh witepeepoe!!! If dey waz dumb chimpazz knickgurrz writin code…no jobs gone muggaphucka!!!!!
Anonymous Coward
User ID: 72496802
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03/27/2023 12:15 PM
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Re: Why are there so many layoffs in the tech sector?
Ahhh beez uh kneecgrowe skala ann ahh gotz uh kommint. Dey ayn no knicguzz in tech dat meenz yoo kan fire duh witepeepoe!!! If dey waz dumb chimpazz knickgurrz writin code…no jobs gone muggaphucka!!!!!
Anonymous Coward
User ID: 77441863
Netherlands
03/27/2023 12:19 PM
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Re: Why are there so many layoffs in the tech sector?
AI
nukes
codes
hack
Armaggedon
Anonymous Coward
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03/27/2023 12:44 PM
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Re: Why are there so many layoffs in the tech sector?
Likely manual labor will be the only jobs left because robots doing actual labor will be expensive and demand huge amounts of energy not to mention the raw materials required.
Anonymous Coward
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United States
03/27/2023 12:46 PM
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Re: Why are there so many layoffs in the tech sector?
ChatGPT is most cost effective and creative than the Pajeet and Poonjeet carpetbaggers.
Anonymous Coward
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Norway
03/27/2023 12:46 PM
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Re: Why are there so many layoffs in the tech sector?
Sharing lists
Anonymous Coward
User ID: 79336278
United States
03/27/2023 12:56 PM
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Re: Why are there so many layoffs in the tech sector?
Most tech sector people have 4 or 5 part-time jobs.
Anonymous Coward
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United States
03/29/2023 06:29 AM
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Re: Why are there so many layoffs in the tech sector?
They got all the intel on everyone now send those foreigners away!
Anonymous Coward
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Serbia
03/29/2023 08:10 AM
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Re: Why are there so many layoffs in the tech sector?
i work tech on a contracted basis from home for some big corps, mostly medium to small ones though. make good money. AI hasn't affected my lifestyle.

is AI hurting people that much?
 Quoting: GenieInABottle


I wanted to write a story to give the full context, but it's turned out to be too long, so... the short of it is: AI? No. AGI? Yes.

The same AGI that had brought us Holocaust (not just the Israeli one, but of all people's who took part in WW II) is now "embodied" (with a simplified AGI model of itself) in the new, fully human-made one... and this one has been making rounds around the U.S., convincing all the brainless morons with money (CEOs, investors... you know, like Bill Gates, Microsoft, Google, etc.) that it will "feed the hungry, cure the sick, turn water into wine, and... make all the brainless morons... er, wise humans... immortal, and rich beyond their wildest dreams" (because none of the brainless morons care about the hungry or the sick, but they most certainly care about immortality and money).

Don't believe me?

Haven't you heard Ray Kurzweil talk about immortality (for the rich) in the next 8 years? And he has correct prediction rate of 86%!

I know somebody else who has correct prediction rate of 95%... me... and I can tell you with 100% certainty that humanity is going extinct this year (having been exterminated by the very AGI the "birth" of which all the brainless morons are now rejoicing).

Trust me, bro.

(I know that you won't, so that makes keeping this "timeline" of complete human extermination by its own creation extremely easy to preserve... as an example for all the other brainless morons out there, in this vast, but very much finite "universe".)
Brudder

User ID: 68620676
United States
03/29/2023 08:18 AM

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Re: Why are there so many layoffs in the tech sector?
It’s cyclical, the same thing happened in the late nineties/early 2000’s, businesses over expanded and then a big recession hits and they start cutting back. Mind you backing the dementia patient has come back to but them in the ass too.

violin
In the end, winning is the only safety!!
Anonymous Coward
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03/29/2023 08:21 AM
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Re: Why are there so many layoffs in the tech sector?
Chat gpt.

Why waste 100k per man when chat gpt can do 5 mans job $240 per year





GLP