Gotta get creative with your layoffs when you already did massive layoffs but still need to please wall street.

  • @nutt_goblin@lemmy.world
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    42 months ago

    Definitely seems like they want the layoff from my position in the industry.

    The tech megagiants are massively reallocating their budgets from “paying people for new product development” to datacenter build-outs, under the belief that AI will fundamentally restructure all knowledge work into property you can own and extract rent from.

    Unfortunately the industry is completely non union and a good chunk of employees are on H1B or TN visas where they will get deported if they get fired. That really puts a damper on wanting to rock the boat.

    Expect things to get less stable and shittier over time as this trend continues.

    • @sugar_in_your_tea@sh.itjust.works
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      12 months ago

      Yup, and when I worked w/ a team @ Facebook on a project, there were a lot of immigrants there. That really sucks, but the solution here should be to improve our immigration system so workers can more easily switch companies instead of getting deported and having to reapply.