The first week of 2023 is already eventful: Salesforce is laying off more than 7k people and Amazon just announced planned cuts of 18k employees. If anybody was hoping that tech layoffs would slow down this year, they got an early reminder of how wrong they are. With all of this going on, finding a new job will be a bi--h. This will not be a good year for our industry.
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If it wasn't for "end of sale" "end of support" milestones, Cisco would have a hard time selling new products to replace perfectly working old products.
“BS. The economy is strong. People have large savings, are spending (more on experiences than products currently), unemployment is the lowest it’s been in 40 years. The fat cats and CEOs just want to lower salaries.”
Wrong. Wrong. Wrong. As previous posted stated, IT has become a treadmill with “innovation” for its own sake, churning out stuff that no one truly wants or needs with a cynical ‘end of sale’ timer ticking. People are swept up in the hype in all this BS. Even the “research” companies like Gartner are full of sh**.
IT has been massively oversold for years and a correction to bring some sanity back to the madhouse is in the offing. The BS chickens are coming home to roost.
Salesforce is laying off 8000 employees (10%) and Amazon increased the numbers to 18,000 and Google expecting to layoff 10,000 not confirmed yet. But bad news for Cisco is Salesforce and AWS talents crunch the Cisco open jobs making existing cisco employees life hard who let go and are in these technologies. Unfortunately, Cisco ELT has a opened flood gate for salesforce to grab business and employment
Cisco will be next, about 22,000 folks will be shown the exit. Since it's a huge number, the package will be tiny.
BS. The economy is strong. People have large savings, are spending (more on experiences than products currently), unemployment is the lowest it’s been in 40 years. The fat cats and CEOs just want to lower salaries.
Tech Sector is collapsing and a deep recession is an inevitability, sad to say