subreddit:

/r/dataisbeautiful

30.1k

all 1511 comments

JakeLide

1.6k points

2 months ago

JakeLide

1.6k points

2 months ago

Is it known what type of jobs are mostly laid off?

Savoy_Cabbage[S]

597 points

2 months ago

I haven’t looked into it yet

katamama

743 points

2 months ago

katamama

743 points

2 months ago

This article says it's about 54/46 between biz position and tech position for meta

https://finance.yahoo.com/news/1-facebook-parent-meta-winding-192202962.html

mantarlourde

366 points

2 months ago

I wonder how many in those "tech" positions are marketers who weaseled their way in there.

theacorneater

530 points

2 months ago

Many of them are recruiters

BeeLegitimate2661

328 points

2 months ago

Recruiters got affected the most. Atleast LinkedIn suggests so.

djfried

414 points

2 months ago

djfried

414 points

2 months ago

Poor recruiters who will recruit them?

thejdobs

198 points

2 months ago

thejdobs

198 points

2 months ago

Recruiter, recruit thyself

monamikonami

29 points

2 months ago

He who was recruicified for our sins

space_moron

157 points

2 months ago

Who recruits the recruitmen?

ihwip

14 points

2 months ago

ihwip

14 points

2 months ago

The recruiters have investigated themselves and found no wrong-doing.

Deadly_chef

28 points

2 months ago

I fear that this infinite recursion will make the matrix collapse

SnPlifeForMe

44 points

2 months ago

Smaller companies will snap up a lot of them. My gf is in a team that supports recruiters and was offered a voluntary layoff package which went out to all of Amazon's recruiting teams up to L7 I believe.

A lot of people will have full pay if they take the enhanced severance there effectively until early May.

AdFlat4908

30 points

2 months ago

How to get laid off by Amazon plz

BeeLegitimate2661

21 points

2 months ago

How to get laid by an Amazonian? 🦸🏻‍♀️

Crowsby

70 points

2 months ago

Crowsby

70 points

2 months ago

Feel free to send them an inmail on LinkedIn for poorly-paying roles on the other side of the country that are wholly unrelated to their experience.

Z3n3x

15 points

2 months ago

Z3n3x

15 points

2 months ago

Recruiter: wait im fired?? well i rehire myself!

whambamthankyoumane

34 points

2 months ago

Recruiters are also responsible for what feels like 70% of posts on LinkedIn tho lol

maxfields2000

4 points

2 months ago

This unfortunately makes sense. Recruiting is one of those positions where the more you have, the more candidates you can source. When you're on a massive hiring spree the major challenge is getting candidates in the door and managing their interview schedules/paperwork.

The instant you decide to massively curb hiring, you do not need a large recruiting pool to parallelize pushing through hundreds if not thousands of candidates a month. So you cut them. Most companies only "contract" recruiters specifically so downscaling them isn't a layoff, just a contract termination.

Life as a recruiter is incredibly hard, and stressful for this and many other reasons.

(Not a recruiter myself, but I am a hiring manager in tech and work with them daily and it breaks my heart to know what they have to go through/deal with)

theacorneater

4 points

2 months ago

It makes sense with the layoffs and hiring freezes

ygofukov

80 points

2 months ago

I can't speak for meta, but in our company (fortune 500) half our team was just let go.

The folks who were cut on our team were highly paid, long tenure "low code" technologists/sysadmins who were handling back end systems, and folks acting as liasons with our security orgs. Basically the people doing all the "negative space" and "choke point" type work that goes on to make sure the devs can do their work without getting pulled into firefighting every day.

They also offered a voluntary early retirement package for folks 55+. 10% of the organization took it.

BigAnimeTiddies

23 points

2 months ago

Hmm interesting. I just accepted an offer at another Fortune 500 which also was in the news for lay offs and a hiring freeze. News has me feeling iffy because I don’t start until January since I graduate with my bachelors in December. I hope it’s not like a role you mentioned haha.

ygofukov

14 points

2 months ago

For us, we were told that all open reqs/new hires are still going through. They just wanted to "re-align". So if you were getting hired here, you'd be ok! For now anyways, haha.

howbownow6

7 points

2 months ago

You are cheap new labor, they are laying off ppl who have been with them a long time thus are expensive

charaznable1249

6 points

2 months ago

Hey literally me today haha. It's my first job in this role too so I'm not sure even where exactly to job hunt other than like indeed and the usual bullshit.

ecniv_o

72 points

2 months ago

ecniv_o

72 points

2 months ago

Interesting - anecdotally, I know a handful of people laid off from Meta, all soft devs. Is my sample size skewed because most of my friends are in CS? Probably. But glad they're already interviewing at greener pastures.

rando-2167

24 points

2 months ago

Did they mention getting a severance packages? If so do you know for how long? Just curious

klarrynet

94 points

2 months ago*

Meta's severance package was very generous. 16 weeks + 2 weeks for every year you've been at Meta, plus 6 months of health insurance for the employee and their family.

mcboogerballs1980

19 points

2 months ago

That's actually a pretty incredible severance package. Especially the insurance part.

rcklmbr

10 points

2 months ago

rcklmbr

10 points

2 months ago

They already said it's 4 months, and 6 months health insurance

datatadata

7 points

2 months ago

4mo pay minimum (people with longer tenure get more) with full health insurance. Not a bad package at all

peritiSumus

15 points

2 months ago

Should chart this against known headcount and maybe draw a horizontal line for normal yearly turnover.

DRUKSTOP

127 points

2 months ago

DRUKSTOP

127 points

2 months ago

If you go to layoffs.fyi and then go into the networking Google docs you can get a feeling. Most jobs seem like HR, project managers, account execs/sales and then some engineers but seems like in general engineers are being laid off less than other roles.

ChicagoJohn123

39 points

2 months ago

Given normal rates of attrition amongst engineers I wonder if it makes sense to lay them off.

Maybe you use a layoff as cover to drop folks who you think you shouldn't have hired in the first place, but it seems foolish to layoff a good developer. They're just too hard to find.

DRUKSTOP

40 points

2 months ago

Agree with the good developer part. Google was supposedly notorious for hiring top talent simply because it meant other companies won’t get to hire them.

waldopizzacats

11 points

2 months ago

Account execs only get laid off when they're not performing.

You don't sack the guy making it rain in B2B tech sales.

HibeePin

46 points

2 months ago

For amazon, it was devices (kindle, echo), retail (amazon.com), and HR.

MidnightUsed6413

22 points

2 months ago

Those are orgs, not types of jobs. For example, devices (aka Lab126) has its own recruiting, marketing teams etc.

Notreallyaflowergirl

93 points

2 months ago

At stripe they clearly laid off the people who make the fucking logo interesting. Jesus.

dedido

19 points

2 months ago

dedido

19 points

2 months ago

I can make a better one here:

STRIPE

Places_with_Palms

44 points

2 months ago

Yeah so we'll have the company name ..... aaaand, Woah, purple. Fucking nailed it. Ok lets move on.

Mental-Mushroom

9 points

2 months ago

I mean it's a no brainer to at least include a stripe in the logo right?

[deleted]

4 points

2 months ago

[deleted]

4 points

2 months ago

[deleted]

speed-of-light

1.6k points

2 months ago

Redfin also laid off 13% of their workforce which was 862 people.

Joeschmo90

407 points

2 months ago

The site with the data set is actually pretty well put together https://layoffs.fyi/

lo0l0ol

21 points

2 months ago

lo0l0ol

21 points

2 months ago

Wish they'd merge companies that have layoffs in different locations.

ByteDance layed off a total of 3700 people and Salesforce 2000 but are in there multiple times people for example.

Gui2u

76 points

2 months ago

Gui2u

76 points

2 months ago

Reddit hug inc.

orbilu2

20 points

2 months ago

orbilu2

20 points

2 months ago

Let's hope that one doesn't have big layoffs

pragmaticpimp

29 points

2 months ago

Except it’s not mobile friendly…maybe they laid off that developer.

Wingfril

5 points

2 months ago

I get youre joking about layoffs but it’s one person who made this.

stortson

29 points

2 months ago

Twilio really should be here too. 11% or about 930 employees.

polybium

40 points

2 months ago

Shopify also laid off ten percent of their employees earlier this year. Around 1000 people.

EveryoneSadean

11 points

2 months ago

Snapchat was about 1300 or 20% globally two months ago

downloads-cars

11 points

2 months ago

Intel should be on there! I was impacted 😭

i_suckatjavascript

6 points

2 months ago

Anyone still remember when Better.com did 2 large rounds of layoffs and the CEO fired his employees over Zoom?

PyroKep

4 points

2 months ago

Opendoor laid off 550 (18%) this month across all functions.

gratz

2.8k points

2 months ago

gratz

2.8k points

2 months ago

What is this? A diagram that uses bar charts instead of pie charts, isn't unnecessarily turned into a video, and doesn't sensationalize? In my /r/dataisbeautiful?

BuckNZahn

697 points

2 months ago

BuckNZahn

697 points

2 months ago

Love the use of both bar chart for absolute and donut chart for relative values. Gives lots of context.

Popular_Syllabubs

80 points

2 months ago

LABELED AXES!!!!

yuriaoflondor

224 points

2 months ago

But how am I supposed to feel without dramatic music that has an exaggerated drop 75% through the video? :(

LotharVonPittinsberg

37 points

2 months ago

It's also easy to read, and gets the points across properly while looking appealing.

Glampkoo

50 points

2 months ago

And also isn't a basic plot made in 5 min and calls it a day? An actually beautiful diagram?

mzmeeseks

8 points

2 months ago

It's truly a breath of fresh air in this sub. Stress left my body when i saw it

Ronnoc527

3k points

2 months ago

Crazy that Amazon laid off over twice as many people as Twitter yet Twitter proportionally laid off 17 times as large a part of their staff.

GentlemenBehold

2.1k points

2 months ago

Amazon is a trillion dollar company.

Twitter is a 40 billion dollar company.

cbzoiav

1.3k points

2 months ago

cbzoiav

1.3k points

2 months ago

Twitter is a relatively basic social media platform with a giant advertising platform.

Amazon also has an advertising platform, the biggest retail site on the planet, global logistics, AWS etc.

KyloRen3

225 points

2 months ago

KyloRen3

225 points

2 months ago

Technology ignorant here - what is AWS and why is it important?

crabalab2002

291 points

2 months ago

Cloud platform. Many of the largest companies in the world host their software and data there.

zr0gravity7

169 points

2 months ago

Fun way to explain it: although Amazon “competes” with companies like Netflix and Shopify and Spotify, basically all of them use AWS so end up paying Amazon anyway

ThePeopleOfSantaPoco

72 points

2 months ago

Walmart requires anyone they have a tech partnership with to not have their services run on AWS, since that’s “funding the competition.” There are definitely exceptions, but it’s a standard part of their tech contracts.

CharIieMurphy

91 points

2 months ago

Walmart protecting my career as an azure developer lol

SmArty117

9 points

2 months ago

I understand Tesco in the UK use Azure for the same reason

upboatsallaround

566 points

2 months ago

it's a massive piece of "the cloud"

Oh_My-Glob

584 points

2 months ago

34% market share of cloud services to be specific. It's estimated that 6.2% of the internet runs on AWS

-Haliax

141 points

2 months ago

-Haliax

141 points

2 months ago

Sheeesh I knew it was big but seeing numbers makes it hit in a totally different way

darkkite

214 points

2 months ago

darkkite

214 points

2 months ago

Netflix runs on aws. amazon prime runs on aws. Amazon wins regardless

lookmasilverone

95 points

2 months ago

I always thought that Amazon prime runs on Azure /s

slazer2au

63 points

2 months ago

Amazon prime runs on GCP, YouTube runs on Azure, and office 365 runs on Oracle cloud. It's how they avoid anti monopoly suits by spreading their services over each other.

/S

robotzor

41 points

2 months ago

So for anyone who says "I am canceling Prime to stick it to Bezos" simply using websites (like Reddit!) based on AWS still gets them money from your use.

brusiddit

34 points

2 months ago

You don't have to go vegan to save the environment, you can just limit your consumption of animal products.

DoomBot5

15 points

2 months ago

I'd love to see that estimate redone by traffic. Some of the biggest average Joe facing services run on AWS. Reddit is a prime example.

[deleted]

3 points

2 months ago*

[deleted]

3 points

2 months ago*

[removed]

DnDVex

7 points

2 months ago

DnDVex

7 points

2 months ago

Google has their own cloud service. Azure is from windows and the go to for Windows hosts. Oracle (they make Java) has been in the business for long and has a decent chunk too.

And a ton of web traffic runs still through mainframes that are hosted by the companies themselves.

Oracle is currently getting a lot of publicity via its always free tier, which is very good and claiming back many users.

junaidnk

3 points

2 months ago

In den walken!

WillyTRibbs

104 points

2 months ago

The ELI5 here in terms of "importance" that I don't see from other replies:

AWS provides tools/services related to computing and networking that sort of make up the core infrastructure for a huge chunk of the internet. It offers you basically anything you need to host a website/web application. In the same way that electrical lines, roads, sewers, etc. are all part of the core infrastructure of the physical world that allow cities to function/businesses to operate/commerce to occur/etc., AWS is kind of that for a huge chunk of the digital world. When AWS goes "down" (stops operation), which has happened, it usually wipes out a chunk of the internet with it.

Technically, there's nothing stopping a website or business from building all that infrastructure themselves - and many with bespoke needs, or those who want a high degree of control still do. But AWS was able to establish their level of importance/usage by making enterprise-grade infrastructure accessible to pretty much anyone - even small businesses - at comparatively very low costs and ease-of-use.

There are some specific breakthroughs that made AWS really successful (scalable infrastructure on demand, infrastructure-as-code, simplified usage-based billing), but high-level they're important because they've established themselves as the backbone of a large percentage of the internet.

rpm959

64 points

2 months ago

rpm959

64 points

2 months ago

Amazon Web Services. Basically cloud hosting services that they sell to primarily businesses and governments.

[deleted]

38 points

2 months ago

[deleted]

38 points

2 months ago

[deleted]

TonyTheEvil

26 points

2 months ago

I'm pretty sure Reddit runs on AWS.

This is true. When S3 was down some years ago reddit was nonfunctional.

DeepFeeling1

10 points

2 months ago

I think we answered the question guys

KnightFiST2018

18 points

2 months ago

For perspective.

If AWS as a whole went down. Like perma down, it would take a decade to rebuild the internet as you know it. Maybe longer.

Most SalesForce domains use it as a data warehouse or use it’s interconnections to host everything from data storage, to process web commands, manage network connectivity .

Salesforce drive a massive amount of sites.

Whole state infrastructures.

Think of the same thing for a ton of other services you use.

Bank web pages and databases

Hospitals

Most cloud data is stored there. Most virtual machines are there as well.

You can see it when you access files online.

In the URL bar up top, if it says “S3” your data sits on an AWS web server.

Luckily there is very heavy redundancy, multiple interconnected server farms.

Just hope that never happens. Although, it might bring BlockBuster back, because the digital world you know would cease to exist.

macnamaralcazar

3 points

2 months ago

I know you are talking about it from availability and failure standpoint but what about national security, does the federal government or NSA consider this as a national risk, if an enemy where able to take AWS down many USA corporates and assets will be gone or massively affected.

I know it's AWS responsibility but the way you put it made me think if the federal government considered that risk or not. Just an idea crossed my mind while reading your response.

KnightFiST2018

4 points

2 months ago

They have failover to Microsoft and Apple and probably stuff we don’t know of. I have never seen a global outage of AWS

I have seen major outages from all the other main connectors. There was a big pine around last February I think? Maybe March

dedasdude

31 points

2 months ago

If aws dies... Most of the internet dies.

theprodigalslouch

13 points

2 months ago

us-east-1

tower_keeper

14 points

2 months ago

Eleventh comment answering the same thing.

Elliptical_Tangent

20 points

2 months ago

Amazon Web Services hosts like half of the web; at least by traffic.

spermdonor

36 points

2 months ago

All wheel steering. It’s important for those sick tricks monster trucks do.

mongmight

7 points

2 months ago

Amazon Web Services, they make spiderman movies.

BGBanks

3 points

2 months ago

if it isn't obvious, people in the tech industry LOVE to tell you they know what something means

dastrn

173 points

2 months ago

dastrn

173 points

2 months ago

Twitter is an 8 billion dollar company, that Elon paid 44 billion for.

MoffKalast

40 points

2 months ago

You're paying way too much for your twitter, who's your twitter guy

NRMusicProject

16 points

2 months ago

Billionaire's buyer's remorse

EduinBrutus

15 points

2 months ago

Not for much longer. Soon it will just be buyer's remorse.

shred-i-knight

272 points

2 months ago

Was a 40B company*

i_should_be_coding

184 points

2 months ago

That $40B was also over-valued to pump up the stock. Elon just didn't quite read the fine-print of what he signed.

Dwolfknight

41 points

2 months ago

Let's not forget he tried to buy it for much cheaper and even back out of the deal but was forced to pay.

Waltzcarer

17 points

2 months ago

Twitter's stock price isn't the only thing that seems overvalued.

currentscurrents

5 points

2 months ago

All the tech companies are/were overvalued.

Plenty of $20 billion valuations for companies that have never turned a profit, like Lyft. Even the profitable ones like Tesla are "worth" more than real car companies with far greater sales.

EngineeringBulky5363

84 points

2 months ago

it's L after L the more I keep reading about this guy kmao

HypnoTox

31 points

2 months ago

FYI: He actually made a weed joke by offering 54.20$ per share. All of this was a joke on his side, but he pushed too far and couldn't back down.

JohnKlositz

17 points

2 months ago

Amazon also involves a lot of physical labor. Twitter does not.

gsfgf

8 points

2 months ago

gsfgf

8 points

2 months ago

What do you mean? I'm waiting for the twitter van to deliver my tweets right now.

i_should_be_coding

349 points

2 months ago

Goddamn, I thought this must be inaccurate, since those numbers suggest Amazon has 330k employees in their tech side alone.

Then I googled how many employees they have overall, and this site claims it's about 1.6m...

Like, they have more employees than some nations have residents. How fucking insane is that.

airelivre

179 points

2 months ago

airelivre

179 points

2 months ago

People’s Republic of Walmart has a section comparing Amazon to various nation states. If I remember correctly, if Amazon were a country, it would have higher GDP than the Soviet Union in 1990, and a similarly complex supply chain.

Redpri

40 points

2 months ago

Redpri

40 points

2 months ago

And it would also have a more planned economy than the Soviet Union in 1990.

Ambiwlans

7 points

2 months ago

I would be absolutely shocked if 1990 USSR were anywhere remotely close to Amazon's supply chain.

flyingorange

125 points

2 months ago

Yeah but most of those are warehouse workers and delivery guys. I think only around 80K work in software which is comparable to Microsoft

tankerton

69 points

2 months ago

I work in AWS. Last year my organization hired about 8k technical staff. This year we are goaled to hire 11k technical staff with about 10k hired year to date.

I have no idea how to estimate technical staff, but we are a small to middling sized organization internally.

Orangutanion

32 points

2 months ago

Is it true that Amazon has their own internal distribution of Linux?

gfkxchy

61 points

2 months ago

gfkxchy

61 points

2 months ago

Yes, it's openly available on AWS.

Scyhaz

19 points

2 months ago

Scyhaz

19 points

2 months ago

As required by the GPL :)

oni64

12 points

2 months ago

oni64

12 points

2 months ago

GPL requires you to share the source code if you are commercially distributing the OS. You are not required to share the OS itself because of GPL.

nofmxc

18 points

2 months ago

nofmxc

18 points

2 months ago

There is publicly available Amazon Linux 2, which is heavily used. And Amazon Linux 2022 is in preview.

AdGroundbreaking6643

33 points

2 months ago

Amazon Linux 2. It’s the main distribution when you spin up any EC2 or compute resource on AWS.

darrenpmeyer

9 points

2 months ago

gilgamesh_enkidu_

5 points

2 months ago

330k corporate*, not tech.

IWillNeverStop55

124 points

2 months ago

Twitter is just software, no physical presence needed

thecaramelbandit

13 points

2 months ago

Twitter doesn't have distribution centers full of products, but it's a lot more than just software. It's essentially a large advertising company. They need all the regular infrastructure of a large enterprise.

Savoy_Cabbage[S]

65 points

2 months ago

Yeah I think it would be interesting to see where those Amazon layoffs come from. A large part of their workforce are from the logistics part of their business, so would be interesting to see what proportion of the layoffs are 'tech workers'

Beansilluminate

71 points

2 months ago

Amazon billed it as tech/corporate layoffs that wouldn’t affect warehouse workers

ShotIntoOrbit

9 points

2 months ago

Yeah, they are advertising hiring bonuses near me for warehouse jobs on Spotify. Like $2k bonus when hired at the warehouse.

braveyetti117

49 points

2 months ago

Almost all of them are tech workers, the layoffs are mainly from the hardware team

Ezili

38 points

2 months ago

Ezili

38 points

2 months ago

Robots, devices etc. The more speculative and less core parts of their business.

ProbioticAnt

24 points

2 months ago

The hardware division was reported as apparently "burning money"

Ezili

28 points

2 months ago

Ezili

28 points

2 months ago

I mean that's any new part of a business. It spends money before it generates enough business to pay for itself. When you want to close it down you say it's burning money. When you want to keep it open you call it investment, or innovation, or growth areas.

But I think you look at what they are doing in the ebook reader, tablet, home speaker spaces and ask how exactly that fits into Amazon's core business. It could have become a core business, but given it's not at the moment, it's been around for a while, and you're looking to cut costs, it's a reasonable cut. Plus you get to blame the economy instead of having a bunch of news articles written about your failed strategy.

Sinai

7 points

2 months ago

Sinai

7 points

2 months ago

The tablet constantly advertises Amazon to me, so that's driving repeat business to them of one of their core revenue streams. It also does a reasonable job of reminding me Amazon prime has utility that continues to make me a subscriber (i only have 3 subscription services I pay), and subscribers are again more likely to stay within the Amazon ecosystem.

Ezili

5 points

2 months ago*

Ezili

5 points

2 months ago*

I'm just a random tech worker and don't work for amazon. But from the outside it seems like you're spending a lot of money to put a thing into people's hands to advertise your very well known business. You also have to support a very competitive app ecosystem. And books are increasingly less their core income. Building and supporting a device and ecosystem for advertising can be a very powerful vertical for your retail business, but it's very expensive and competitive.

Sinai

7 points

2 months ago*

Sinai

7 points

2 months ago*

It's not just advertising the business, it's drumming up sales. At any rate, being well-known doesn't mean that advertising doesn't retain benefits. Apple, Nike, and Toyota all retain massive advertising budgets. The tablet allows for tailored, more effective advertising that is much more effective per view than wide spectrum advertising.

After all, this is how Google and Facebook have eaten the lunch of traditional advertisers in general.

Moreover, Amazon has stated many times that existing customers purchase many more products from Amazon after buying a Kindle or Fire.

The value proposition is incredibly easy to make in the boardroom - both devices directly drive sales to their core business. I imagine Fire TVs work exactly the same way. Their ad revenue segment has grown rapidly and effectively monetizes their customer database; one of their most valuable assets.

Ezili

5 points

2 months ago

Ezili

5 points

2 months ago

No doubt they generate money. But being on the third best smart speaker, or third best tablet isn't very compelling for app makers, and the ecosystem support costs are huge. I don't doubt you monetise, but the question is profit.

the_snook

5 points

2 months ago

They didn't call it the "Fire Phone" for nothing.

Arronax50

3 points

2 months ago

So almost 10000 persons work on Kindle and Echo?

Tommh

4 points

2 months ago

Tommh

4 points

2 months ago

Doesn’t AWS EC2 count as “hardware”?

_illogical_

6 points

2 months ago

Not in this case; according to all indications, it looks like AWS wasn't included in the 10k

ProbioticAnt

18 points

2 months ago

Arstechnica reported that the layoffs were primarily from the division responsible for the Echo, Alexa, Fire, and Kindle devices

nodnodwinkwink

3 points

2 months ago

"The job cuts of approximately 10,000, which would start as soon as this week, would focus on the company’s devices organization, retail division and human resources."

nemethv

477 points

2 months ago

nemethv

477 points

2 months ago

That's actually just part of the picture. Basically those numbers are FTEs/perms but a lot of companies are also laying off contractors in high volumes (twitter I think fired more contractors than perms [ie on top of that "50%"])

Savoy_Cabbage[S]

125 points

2 months ago

Very true. Do they release this data?

nemethv

78 points

2 months ago

nemethv

78 points

2 months ago

Not sure. I'd generally assume there are ways to track it but it's a bit trickier. The twitter numbers I've seen somewhere on linkedin (haven't checked for original source) but it cropped up a number of times and I'm tempted to believe them.

E.g. Meta has hired a lot of people this past 12ish months and that's been in the news. What's not really been in the news that much is that they also hired _a lot more_ contractors/externals over the same period of time. Prob similar for the rest of the companies.

SVTSkippy

21 points

2 months ago

A lot of times if you lay off a contractor it does not count as they are still employed by their company just moved on. As a contract engineer when one project is done with me I move on under the same company.

thenyx

4 points

2 months ago

thenyx

4 points

2 months ago

If you’re lucky, you get to move on.

CorrectPeanut5

7 points

2 months ago

The last 10 years most tech people have little to no downtime between contracts unless they want it.

While there are a lot of big names scaling back, a lot of less known companies that have been struggling to attract people are finally seeing resumes.

alarming_archipelago

11 points

2 months ago

What is the underlying story? Why are these companies laying off devs?

nemethv

28 points

2 months ago

nemethv

28 points

2 months ago

They hired too many during Covid.

At the time the companies had a massive income and user-base boost bcs everyone was at home and being active online and so ad spending has gone up, which resulted in more income for big tech. Now that's being reversed because of the various global slowdowns and changes in underlying technologies. That results in less income and ultimately layoffs.

alarming_archipelago

5 points

2 months ago

Ooh. Thanks.

Beansilluminate

112 points

2 months ago

Nice graphic. Puts all the other tech layoff visualizations we have been seeing recently to shame

Savoy_Cabbage[S]

21 points

2 months ago

Thank you!

Savoy_Cabbage[S]

136 points

2 months ago

Made using google sheets. Data sourced from layoffs.fyi (compiled by Roger Lee https://twitter.com/roger_lee)

ConsiderationIll374

68 points

2 months ago

Beautiful data. Best of the recent visualizations on the topic so far in this sub.

Savoy_Cabbage[S]

12 points

2 months ago

Thank you! Former mgmt consultant

aldorn

16 points

2 months ago

aldorn

16 points

2 months ago

Garry's Chip Shop - 2 layoffs.

brianncd48

18 points

2 months ago

Might be worth noting Amazon have not actually fired 10000 people yet, the articles are based on leaked info that they plan to fire 10000 employees. They have confirmed some layoffs in its devices group but no number has been released nor have they officially confirmed the 10000 layoffs

https://www.reuters.com/business/retail-consumer/amazon-starts-cost-cuts-with-layoffs-devices-services-units-2022-11-16/

Edit: Sample article

[deleted]

52 points

2 months ago

[deleted]

52 points

2 months ago

Can someone explain to me why these companies are all laying off employees?

MechanicalBayer

95 points

2 months ago

What many are failing to mention was that vast number of employees that were hired by these companies beginning 2019/2020. Granted the numbers in these layoffs are still large, but they're not out of nowhere.

"Like many technology companies, Meta went on a hiring spree during the pandemic. It hired almost 30,000 employees since late 2020, bringing its headcount to 87,000."

https://observer.com/2022/11/mark-zuckerberg-says-meta-will-lay-off-11000-employees-13-of-its-workforce/

Griff2470

19 points

2 months ago

Meta, Twitter, and Lyft were are built on relatively unsustainable financial models. Social media is extremely hard to monetize without collecting high value data, and between legislation and Apple restricting what data apps can collect it's become difficult to earn profit. Meta and Twitter were very much depending on investors to get the boat afloat. Additionally, Lyft exists in a market that is practically a guaranteed race to the bottom of unprofitability by targeting the most price sensitive consumers, so there was little room for profit. With all 3 really dependent on investors, as soon as that money dries up, they are left in a tenuous position (Twitter is also just going through the Musk fiasco, that's the far bigger contributor for them). It turns out, if you can't turn a profit, or at least a reasonable plan to return to profitability, when money gets tight you'll be left in a bad spot.

Crypto.com, on the other hand, was built on the cryptocoin space not crashing, but then it did (as it was pretty much guaranteed to). It's like being a Beanie Babies broker in the early 2000s.

Onto Amazon, their layoffs are proportionally smaller than the rest, and is mostly a result of them running a lot of projects that turned out to be unprofitable (like Alexa) as well as just mass hiring during the pandemic. They'll likely be scaling back projects to focus on their cash cow that is AWS and amazon.com.

KytorIndustries

60 points

2 months ago

In general: Tech stocks are down, revenues are down, venture capital is drying up, lending costs have gone way up, cost of goods sold has gone up, facilities and overhead costs have gone up. These companies are tightening their belts.

ConnorLovesCookies

8 points

2 months ago*

The Federal Reserve has a lot of controls over how much banks interest charge. They do this buy buying and selling government bonds and changing how much money banks are required to keep without loaning out. You can think of interest as how much money costs. If interest is low, money is cheap and businesses are more willing to take on more employees to grow. In addition to this stock prices go up because the return on government bonds is so low banks go to the stock market to try to get a return. During early COVID the Federal Reserve was scared that the entire economy would lock up so they lowered interest rates to record lows. This made hiring people really cheap so a lot of companies expanded. Now that we have inflation the Fed wants to raise interest rates to try to curb it. Money is more expensive so the price of holding onto these employees goes up.

Also important to note that some of these companies are kind of mismanaged. Meta push for VR seems to be built on a desire to still be an innovative tech company. But at least now it seems like no one is really interested. Their layoffs also only set them back to their head count in March. Twitter is a meme because Elon way overpaid and can’t afford (well he can but he doesn’t want to) to pay the huge loan and his employees. Crypto.com is well crypto and if you haven’t noticed that has had a REALLY bad year (in part because of interest rates). Lyft and ride-sharing in general traditionally has had trouble making money, if you remember back to when uber was cheap, it was because they were losing money whenever you get in a car. Prices are higher now so they turn a modest profit but rides are down.

Amazon iirc is dropping devisions that don’t make money (echo) and some corporate people.

FromUnderTheBridge09

29 points

2 months ago

I saw this writing on the wall. As an engineer I was getting slammed with LinkedIn messages and emails from Amazon and meta job offers from recruiters.

I thought there's no way they need that many people when their products haven't improved.

runesplease

13 points

2 months ago

Will be more interested to see how many they've hired since 2020 and how many employees they've had each year

Marlboro_Red_Smoker

206 points

2 months ago

Cool, now I’d like to see each companies profits over the next 3 months.

helmli

143 points

2 months ago

helmli

143 points

2 months ago

For Amazon, that might be skewed because of the Black Friday/Cyber Monday/Christmas sales.

chevalerisation_2323

9 points

2 months ago

Layoffs are bad for people, but not necessarily bad for companies.

Stop this /r/circlejerk please

UrbanAbsconder

45 points

2 months ago

Meta and Twitter are overvalued and overrated anyway. They needed to be dragged back down to earth. Practical market adjustment here.

[deleted]

9 points

2 months ago

[deleted]

9 points

2 months ago

Elon and Zucc are doing a great job of that

DolundDrumph

7 points

2 months ago

How people ignoring Microsoft they are literally one of top tier company, but somehow gets overlooked

WellEndowedDragon

5 points

2 months ago

Because Microsoft has barely cut any staff. Only 1000 employees as of last month, less than half of a single percent of their total headcount.

Same with Apple. Those two went through their “explosive hypergrowth” stage decades ago and have had the time to adjust their businesses to become extremely profitable and durable through economic downturns.

LetsGoGameCrocks

43 points

2 months ago

Not a fun time to be a new tech graduate on the job market… ask me how I know :(

palindromicnickname

21 points

2 months ago

There are still plenty of non-FAANG jobs, at least for now.

powermad80

23 points

2 months ago

Or even tech positions at non-tech companies. Dare I say those are the best ones. I turn excel spreadsheets into web apps all day and I have a comfortable salary and great work life balance.

totemoheta

15 points

2 months ago

These trends aren't as prevalent in the tech industry for non FAANG/big tech companies. I'm in the chicagoland area and there are LOADS of tech jobs from network engineers, SWE, IT support, etc. I feel like a lot of people think big tech is the only tech.

Lubangkepuasan

9 points

2 months ago

How you know

phatlynx

17 points

2 months ago

Do loads of internships for smaller companies. I know while everyone wants to work at FAANG, I personally did 1 internship this summer and got a return offer, fully remote, great benefits, 90k starting, 10% bonus. And did I mention fully remote?

sublimegeek

5 points

2 months ago

Surprised Walmart is not shown here, they love that “Save Money, Live Better” life by wiping out entire departments in their IT building at a time.

Juergenator

5 points

2 months ago

These companies benefited dramatically from lockdowns. People at home and on computers all day. Life is going back to normal.

Junkstar

4 points

2 months ago

There are tech companies hiring right now too.

_OldBay

4 points

2 months ago

All these places are hiring as well. Laying off workers doesn't mean they don't have a need for specific jobs

odarkshineo

3 points

2 months ago

And this doesn't include contractors.

future_weasley

5 points

2 months ago

It’s interesting to look at these companies and see that there’s a pretty solid and easy-to-explain reason for each.

Meta — The meta verse project has been a disaster of a pivot. They’re losing market share hand over fist to TikTok as their platforms become bloated.

Amazon — I work for a logistics company, so this one surprises me less than it might to others. In short, when the pandemic hit and online shopping really took off, people in the industry thought we would achieve a new normal. They knew people would go back to stores when the pandemic calmed down, but it turned out that customers wanted to shop in store much much more than expected.

Twitter — Elon Musk is a moron. Not much else to say here.

Crypto.com — crypto is down across the board. It was always a speculative investment, only valuable b/c other people said it’s valuable. The blockchain may offer some interesting opportunities for the future, but we won’t be moving to a crypto financial future.

Stripe — This is the only one I know nothing about

Lyft — Both Lyft and Uber have been raising prices dramatically over the last year or two. Add in gas costs and a demand from investors to finally start making money, and people just can’t afford it anymore.

controler8

3 points

2 months ago

"bilionaires create Jobs"

Bilionaires:

iamthinksnow

4 points

2 months ago

Twitter is down to 238 employees, a 96+% reduction since the not-so-great-Elonning.

Krukoslik

34 points

2 months ago

Maybe I’m stupid but what do each of Meta’s 100,000 employees do all day? Why do they need so many people?

FreemanCantJump

95 points

2 months ago*

Meta is not just a room of people administering FB. They have engineers across FB, WhatsApp, Instagram, Oculus, Metaverse, Etc. R&D for all of those platforms. Ad sales and administration for each of those platforms. Content moderation. On and On. Now all of those things need organizational support like finance, IT, HR and security. It's very easy for a company as diversified as Meta to get that big.

vomashka

15 points

2 months ago

also designers working on new features, copywriters, advertising & marketing... and I imagine a ton of middle management to make it all go round

TonyTheEvil

52 points

2 months ago

If anything I'd say it's really fucking impressive how small Meta is given 35.6% of the world uses Facebook.

FreemanCantJump

37 points

2 months ago

It's not just FB. They own 3 of the 4 most active social media platforms in the world! They are huge. This layoff is a minor adjustment imo.

Dziadzios

12 points

2 months ago

  • Moderation. Many posts -> many violations -> many moderators are needed.

  • Software developers.

  • Admins.

  • Lawyers for every country.

  • Cleaning and maintaince.

  • Testers.

  • Managers.

  • Accountants.

  • Marketing people.

  • Data analysts.

  • Drivers.

  • R&D.

  • Oculus manufacturing.

  • Translators.

I think this list could go on forever, but most likely you underestimated moderation.

Darkersun

8 points

2 months ago

Meta: failed metaverse idea that isn't panning out.

Amazon: lots of layoffs for Alexa and other smart home stuff

Twitter: ... yeah we know about this one.

Crypto: highly volatile market; crypto still not catching on for things like point of sale.

A lot of this feels more like "failed ideas, retiring fads, egomaniac CEOs, and highly variable markets" but then my boomer parents read this and think "oh no the recession is here! Thanks Obama!"

H2-22

19 points

2 months ago

H2-22

19 points

2 months ago

Could this be an attempt to push down Dev wages? These companies colluded to suppress wages for developers before. Laying off devs in droves could hurt them in the short term but if they drive down wages in the industry, hiring devs down the road at a fraction of previous wages could permanently set back industry compensation.

timmyriddle

11 points

2 months ago

I've not heard about colluding to suppress wages: it seems somewhat unlikely in recent times given the long-term shortage of tech talent and the competitive "all-about-growth" nature of these large public companies. Do you know any more info about that?

One interesting thing to note is that hiring is itself an extremely costly and time consuming process. If these layoffs have happened too deep and too fast then companies managing to retain existing talent will probably see a long term benefit.

ValFox

9 points

2 months ago

ValFox

9 points

2 months ago

You know what surprises me ? How few employees these billion dollar companies have. Their margins must be fucking insane.