Around 12,000 Google employees have been emailed, telling them their jobs are gone.
It follows cuts at Meta, Twitter and Microsoft.
More than 200,000 jobs have been lost in the sector in a year.
Some blame over-recruitment during the pandemic, wrong strategies or economic factors.
So why are so many jobs being lost in the sector worldwide?
Is Big Tech in big trouble?
Presenter: Adrian Finighan
Guests: Elaine Burke, Science and Technology Journalist, Host of “For Tech’s Sake” podcast.
Jim Anderson, Chief Executive Officer, Beacon Software, Social Media Sector Lead at Glasswing Ventures.
Adrian Weckler, Irish Independent Technology Editor.
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Why not reskill or shift employees rather than laying off? No need to compete with CA Enterprise, LLC.
Why is the job market at risk?
Zero gravity logic algorithms.
Big Tech does not love anything.
Not me, not you, gold is the fuel for what??
What is the only thing that requires gold for acceleration? Robotic particles. Robotic particles is the answer.
Example: facial recognition is a robotic synchronization.
Driverless automobiles is a robotic function.
Sample knowledge:read the rules of robotics. It’s a short list!!
Robot logic, the same as robotic rules and laws; is applicable to all persons and all bodies. An Olympian, an athletic superstar, a rock and roll legend, a king, a pauper, the pie eyed piper. The rules apply to all. If these rules are discontinued; the current logic algorithm immediately becomes faulty and is quickly disbanded.
Let people go? Is that the inhuman term? Are they going for vacation?
Socialist are normally not very productive.
The right people are difficult to employ en masse in good times. So to grab an opportunity, you over employ to compensate. When things are back to normal or turned sour, you shed the ones you don’t need or want. That’s a ‘gold rush’ management style tied to performance incentives. You are not employed to be conservative. It’s nothing new in the tech sector where lifetime employment is a myth.
“Oh? JUST LEARN TO CODE!”
“FARMERS, TRUCK DRIVERS, HETEROSEXUAL WHITE MEN AND COWS ARE ALL BAD! BAD!! BAD!!!”
“!!!MATH IS RACIST!!!”
“!ABJECT-SUPERIOR-EQUALATY!”
“IT’S GOOD HUH?! JUST A FEW MORE YEARS! YOU SHOULD BE HAPPY, LIFE’S TOO SHORT!”
‘Cause, One-Dementional, Educunted-Emotards “ARE NEVER WRONG, THEY CRY!!!”
السويد تسمح رسمياً بحرق المصحف الشريف في بلادها. ومفذي الحريق تحت حراسة الشرطة. أي نوع من القانون هو إنساني أن يؤذي عقول المليارات من الناس؟ يريدون قطع العلاقات مع العالم الإسلامي. لست بحاجة إلى التعامل مع العالم الإسلامي. انظر إلى التاريخ وسترى. بالنسبة لعدد قليل من المتغطرسين مثلك ، فإن الأمة بأكملها في حالة من العار. إن كل مسلمي العالم أمة واحدة ، وعقل واحد ، وجسد واحد ، وروح واحدة ، فتجنبوا فعل الأشياء التي تضر بالإنسانية والسلام والوحدة في العالم.
UP YOURS ABDUL
The simple reason is that Big Tech is mostly Made in China and the US has sanctioned China.
Possibly ai getting better? Less humans are needed?
Surplus to requirements now they been training them bots to replace em?? 🤔🤔
The only way they got away with all the censorship was using the humans. If they had computer systems doing it they would have no defense
Big Tech? Are only little systems that try to reduce visibility on reality!
Capitslism.
Mad ting
I hope Facebook go burst
I hate Fb and it’s founder
Probably they will hire third party service provider for the tasks at a cheaper labor price.
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Nope
সরল ব্রহ্মচর্য মানবজাতিকে পুনরুদ্ধার করতে সাহায্য করবে।
Wtf” 200.000 jobs lost this is scary news for America 🇺🇸
American need to open their own business
No it’s not the unemployment rate dropped from 3.7% to 3.5%
There are 330 million Americans. 200 000 jobs lost is nothing.
@@shauncameron8390 agree well News Want to make a big deal of everything
The tech boom and advancement in consumer products and retail industry had gone too fast for consumers to keep up. Now they are at the peak. There are less innovations and less revolutionary products. The next big thing are energy and agro.
And yet unemployed rate is 3.5% and job opening are historical high in US. All the job that ready is low wages or minimum wages and stable one are getting cut every years. The gap incomes between the richest and the poorest would totally higher this years.
I’ve seen an infatuation in Arabia with experts with white skin. They are immediately regarded as an expert as long as they are white. This woman delivers a detailed ( wrong and stupid) explanation on the job losses yet appears young, inexperienced, and completely uninformed. Everybody is aware that American capitalism is morally bankrupt.
i swear to god last few months all documentary video titles sound stupid as they have a few word answer instead a half hour video drama.why? because global recession.
Apple use of slave, labor, slaves don’t cost money you don’t layoff slaves.
The metaverse is a joke. I feel badly for those losing their jobs however the fall of Mark Zuckerberg will bring a smile to my face
All because of turnover on profit, look at all the West strikes or protests on inflation or recession around the corner and make worries🤔👍🍺
World Wide? Do your world consists only of Western White countries? Man… You really got to tone down on your propaganda and behind licking.
Expected from the policy impact
U tube is next for job losses
so work in the field of computing will increase or decrease with the advance of AI?
AI should create new job positions, of course it is likely to cut millions. If u played with ChatGPT u could notice that quality and depth of answers depends on how u ask questions. So I bet in a few years we will face demand in such workers who understand a domain and have decent skills in describing tasks to AI
They not have advance ai 🙄😅😅
They are slaves anyways lol
Technology is designed to replace human labor, both physically and mentally.
Infinite growth on a finite planet.
You prefer infinite stagnation and regression?
We need journalist who speaks clear.
they helped develop systems that will take their own jobs
A case of a programmer making a gun-wielding robot for the police only for it to kill his entire family during a misidentified raid.
new news 🗞️📰🗞️
It’s pretty clear that at this point of development, AI can already perform many technical tasks and these include coding and machine operation. Considering how many IT jobs are actually repetitive and easily programmable themselves, why is it so hard to imagine that the first industry to be hit by redundancy is the very industry which created AI! I can see that the next industry to be hit by AI will be the creative field, specifically creative professions in advertising, publishing, industrial designs, etc. And this is just the beginning. Another worrisome development – copyright will become a thing of the past. People who are now creating original creative work will have no more incentive to produce any work. It is already becoming apparent on e-commerce and rampant on social media behaviour. Even Youtube’s own tutorial videos are teaching its users to take another popular video and how to modify it (to avoid copyright issues) for Youtube’s upload! This is in desperation to gain viewership for its Shorts!
What’s about recession, doesn’t that play a part
This was my first thought when hearing about the sacking/ redundancies from big tech it is only the tip of what is about effect the lT workers they are all dispensable at some time as New faster technologies takeover and AI becomes more of a dominant Force as is speedily becoming the case globally,, it’s only now a matter of time ,,”Implosion “
i think you give to much credit to AI, in the future who know,but in the present moment i don´t think we are there it.
They AI makes mistakes. There are quite a few hilarious examples of it on youtube
Why is he breathing so hard ?😅
If you were able to work from home during lockdown then your job is likely at risk from AI.
Simple Boom & Bust and Pump & Dump CRAPitalism. The same mess experienced in 2008 😌. As usual it’s always Profits before People. Greed = Evil and Evil = Greed.
Boom and bust is a fact of life.
all the resources digested by one small nations named Ukrsin and recession coming faster than expected, mesnwhile russians are waithing yo exhausting nato and then…guess what canbe?
Ik hoop dat Mark Z wordt aangeklaagd, voor alle mensen die hij heeft buitengesloten voor het brengen van de waarheid
Most of these workers make over $100,000+ a year, meta pays $300,000. They’ll be alright
They fire in USA and hire in India
very sad tech sector has largest work force in 21century its now unsustainable
The same technology is cheaper in Asia than the West. It will take decades and prudent unbias planning for the West to get their technology competitive again. Once Russia transfers their military technology to their local economy full blast, they will be the manufacturing giant in Europe. When Seimens of Canada will not return their gas turbines after repair, Russia decide that enough is enough. In about six month they built a working turbine for replacement – which according to them is better than Siemens. Lost business for Germany and Canada. How did they did it? Thru their military industrial complex. Isn’t it that Russia is a third world country? They build a 3000 mile gas pipeline from Siberia to China, and now going towards Vladivostok at the Pacific Ocean to serve the Asian countries. The plan is to totally cut off Europe from Russian gas except Turkey. Russia will kill all the economy of the surrounding European countries that rely on Russian gas and oil. It’s a reality. Just saying.
So Mark Zucerkberg is a visionary? The record shows he stole the Winkelvoss brother’s vision. Zuckerberg is a thief with coding skills and thus he made enough money on the goods to buy a stay out of jail card from his victims. Given this more accurate assessment of Marky Mark, should anyone be surprised had to buy WhatsApp instead of “envisioning” it and now he’s come up with something as stupid as the metaverse, bet the farm on it even changed a very commercially farm name to one that only coders would get and not think much of.
Apple was visionary. It sounds much better than “Prune.” Having a product that was a music player was a better gateway drug into Apple’s ownership of their customers’ files than an e-business planner ever could have been. Apple is a digital landlord now that one cannot end the lease with. Jobs was a visionary, but I’m bothered by some rather average people experiencing lucky breaks, then being cast as visionaries. Investing billions in them is really as primitve as bringing your gold to the Oracle in Athens, (the classic fraud) and believing they’ll solve all your problems.
Because COVID is over. Huge numbers of People no longer are on the phone as much.
This is BAD, REAL BAD.
Naming Tiktok and AI as evidence that some of the big companies will die out in 5yrs doesn’t feel like a strong take. Many other panels have explained how tech isn’t evolving or innovating. This panel(especially the Irish guy) sounds like a bunch of non-tech, tech investors. These companies aren’t innovating because when it comes to apps, everything’s run it’s course. Like the women said, it’s just been a bunch of copy cats. You can only upload/share words, pictures and videos in so many different ways before it gets redundant. Everything’s been done so people will either call the ‘new’ thing a knock-off or we’ll get new innovations once the hardware improves(like the video game industry from the 90s to today). But phones today are very fast, can do all the standard picture/video stuff and there’s nothing else to do on them. It’s up to the phone manufactures to innovate and that’ll push the software/app devs. But I think we’re in a technical lull/slow down phase and the investors don’t like that. Maybe we could improve the actual call quality or something….
The pandemic isn’t over and we haven’t gone back to normal! Very bad journalism. Why is it when they need to cut costs they sack people first. People are the ones that make the whatever the company sells so you are getting rid of potential earnings. Why is it the first response?
Labor costs are the biggest expense.
Pandemic was amazing?!! What sort of people do you invite in your studios. Never heard anyone see that in last 2 years.
The tech industry is pushing out employees in favor of lower paid contractors. Also, giant leaps in automation have led to automating entire departments.
Who are these contractors?
The average age of a Fortune 500 company is 21 years. Some of these company’s lifespans have simply run their course.
When Twitter laid off everybody, all the media was against him. All these Democrat companies are laying off in the media is making up some bullshit story.
The media should be all Connable for the bullshit news that they always give out.
Google has new CEO according to Al Jazeera and his name is Sundar Pitchai not the real Sundar Pichai
ChatGPT
They are mostly incompetent foreigners so it’s actually a good thing
Its just starting up, up and hopefully not away. What else is possible?
ECONOMIC INDICATOR DOWN WARD
I work in civil engineering and a bunch of my coworkers worked for developers in 2008. They talk about the early part of the great recession like an apocalypse where prospects for employment went from plentiful and high paying to non-existent in like a month and didn’t come back for years. It’s a good reminder that nothing is as secure as it looks. 🙃
I’m also a civil engineer, and have heard stories from 2008 where structural engineers were taking traffic counts because that was all the work they had coming down the pipeline. Things look stable right now, but I really wish to invest more, just to be on the safe side
PIease how do l reach him?
His training program has been insightful, and I must say, I’m most honoured to have been part and a full-time beneficiary of his daily signals. I have been growing & have been able to increase my portfolio from 1.5BTC to more than 4.5BTC with his daily signals…
I’m an electrical engineer, I graduated university and started working in 2005. In 2008/2009 a few of the least productive engineers at my company got laid off. They were the guys who hadn’t done anything useful in years, and they should have been laid off long before. No one that put in an honest amount of work was let go. It really wasn’t that bad…
I work in healthcare
This is easy to explain first people started buying bitcoin/stocks in 2020 with the government check, them they wired a lit bit more than what they need but they still make a lot of profit, but the most important reason is the stock,no more retail investor less need for the stock,stock price goes down management does the only things they know what to do buyback or fired personnel and the other reason is every tech company copy eachother.
Am I hearing Someone breathing heavy on the mic?
Finally some good news. Let them all crash
mrtunzawusavisa202412023datepaidagreepaidagreehostjehovashfriendsusaembassyygnmyanmarwelovetherkeythaygnmyanmarpaidagree
Billionaires are leeches
I think the anchor must mute his mic when not speaking. The sound of his breath when others were speaking is kinda irritating
Worldwide? Stop branding American problems as World problem.
They’re racist then they fight racism and say “we saved the world” 😶
Lawsuits
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I’ve been quite unsure about investing in this current market and at the same time I feel it’s the best time to get started on the market, what are your thoughts?
I always found the idea of using spreadsheets very time consuming and unnecessary. I just dump a bunch of money into my savings accounts each month and keep my spending money in a separate account and try to spend as little as possible.
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Yes i agree and right now the markets are going berserk right now. This is the best time to watch them, get to KIMBERLY JEAN HEAVNER’ she’s seen dozens of market cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
True, we’re only just an information away from amassing wealth, I know alot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
I love her insights and innovative approach to how her ETF’s are run. So different from the stale methods of managers I’ve worked with in the past. She will continue to do well and I will continue to listen to her more. You can just put her name on google and you will be directed to her website and drop her your messages.
Capitalism, as it is in the US, sucks.
Sack all employees.
All these so called analyst dont know what they are talking about they should go to CNN…Its simple all these big tech Co. have become too much involved in politics and forgot theprofit making business model. They colluded to take down Trump now its pay back time.
no one talkiing abouit CHATGPT
Most of them are mass immigrants from countries like india carrying their agenda
Big tech management needs to go given its their poor forecasting
This is encouraging.
If you hire a ton of people during growth, you can get rid of expensive high performers later! Win-win for both the company and investors!!
People? Who cares about people?!?!?!
It’s ChatGPT and OpenAI. Their jobs were automated. It’s that simple
I don’t think that’s happening just yet, but that day is not far away. I think they are acting pre-emptively.
Death to amerikkka 🙌🙌
The world order is shifting from the west back to the East
It’s all about greed. These gullible company are brown nosing stockholders at the expense of its employees like discarded old shoes
When one door closes another one opens. Laid off tech employees won’t remain unemployed for a long time. Smaller to midsize tech firms and other industries are clamoring to hire them. Heck even the federal government are spending significant resources to attract experienced and skilled tech professionals.
Smaller companies depend on big companies to get contracts and if big companies are in loss then smaller is gone too.
@@Hazara26 I don’t think the Federal government falls under the small or midsize firm umbrella.
When buyouts happen, jobs are cut. Conversely Breaking up giants will create jobs. Unfortunately for us, the plutocracy doesn’t see it this way.
Big Tech has A.I so now the can tell workers to Buzz off!
it’s bezzare that a talk show is named “Insider Story”, this name is better for documentary.
Who’s breathing hard? lol
I was looking for this comment 😂
The reason is a certain country saw this IT industry as an opportunity to uplift their entire economy and population, had been mass training a huge percentage of their citizens to all become cheap IT workers that’s why! This began starting in the LATE 1990s and even after the DOT COM bubble collapse! The big MNC heads that attend Davos engineered this and allowed it for more profitability! They virtually outsourced all their IT work to that country and drove down the middle-class wages of IT professionals to blue-collar wages worldwide.
Mass media churns out sensationalist stories of IT billionaires but not that of millions of poor IT workers who are jobless, despite being educated with postgraduate degrees. Wages are undercut by all these sub-par foreign IT workers. Software projects were unable to complete because of clueless ”engineers” with fake IT degrees! Hence they have to resort to inventing dodgy development paradigms like Paired Programming and Agile to constantly change the goal post user requirements. How many guys does it take to screw a lightbulb?
Agree to this. They dumb down the programming process every year with new frameworks, and new tools. All so that they can pay lower wages to a newbie rather than an experienced worker. And every few years, these frameworks/tools get out of fashion and a new one comes again.
the “big tech” is not in “big trouble” – they are using AI so they don’t need so many human workers – it is as simple as that!
How many human beings exist in a dehumanized state and are ignorant of this fact thanks to all the technology that requires pollution to exist in the first place?
I think the advent of Chat GPT may be a factor. In tech, it will allow for greater employee productivity. The optics…sacking people as AI is introduced will be terrible. So getting ahead of this is nasty, but shrewd.
Lots of people who were laid off were working since 9 and 10 years. So how come these guys are saying people who were hired during pandemic were let go?
so facebook doesnt do proper user research but apple does. Strange as Facebook would have the funds to hire a proper UX researcher and I believe they do. Just shows their UX jobs with their 5 years experience is BS but they ll refuse anyone that is qualified with no experience and that could maybe do a better job.
It figures that a LGBQ— would have to make an appearance.
I think people rather going on a picnic.
japan will retake the kurils sakhalin and vladivostok south korea will take north korea.
Dude this guy’s breathing is annoying
Again, making balance sheets look better than they actually are.
Too close to Wall Street, and greed prevails again. People are disposable.
meta will layoff everyone