Several Tech teams were let go June 30 ...I have heard it was the people who manages databases, servers, the network, storage and backups, and a couple others, but no one seems to know but that are in the headcount reduction.
These are very sad times when US workers can lose their jobs despite being qualified and performing well only to have their brains drained and their years of work from pre-school through advanced degrees through decades of proven experience neatly packaged up with boy and inserted like memory chips into random people who work cheap and do not face the same protections or requirements that US workers have to abide by. Anyone who has a kid in college or recent graduate needs to take a hard look at this. Entry level jobs are going not just to AI but 100s of thousands to workers in other nations. This helps lead to decline in the communities their headquarters sit. People are forced to leave because of no job. Those wages are no longer taxed by local, state, and fed taxes so that tax revenue vanishes dragging down quality of life in those areas plus potential tax increases to though still working in those places. Offshore workers and many visa holders hired at companies for middle class white collar jobs do not have to pay FISA tax on either side - leading to less funding for Social Security that affects everyone. Finally, this will discourage people from going into fields that still have jobs not taken by AI because they have to compete with the entire planet including people who can live on $9k a year without benefits. This will lead to reduced US innovation and increase our dependence on other countries to do once basic things.
It used to be loyalty to company and moral obligation to the locations that helped support them over the years...they seem to still want to make money of Americans, just not employ us so they can further enrich their C suite. The government has sold us out including Trump so it is accepted.
Before you convince yourselves that you'll be fine at T Rowe - remember, that many of us that have gone got terrific reviews year after year, "performed difficult tasks they cannot possibly find anyone as good as you are", or "But my boss likes me" think again. I thought a lot of that as well. Considering some teams were cut from the boss down, if your boss can save his job and help his bonus but cutting you he absolutely will. I worked very hard to be a far above average worker. Volunteer to take on new tasks, train and learn new things, etc. It didn't matter.
Think what you want...but you may one day be thinking how you are going to pay for everything while the job market yields nothing despite writing good resumes and sending out 100s. My attitude is if it comes to bankruptcy, fine. Yeah, I will take the hit, but maybe when enough Americans have to default on their debts they may remember this. All of the major credit companies pass over Americans in favorite of cheap foreign labor whenever remotely possible