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Nairaland Forum / Science/Technology / Programming / Most Of The Global Layoffs Have Been In Tech (16007 Views)
With The Recent Layoffs In Tech Worldwide, As A Beginner I'm Currently Depressed / Can You Survive If You Stopped Working In Tech? / Why Is It That The Things That Give Money In Tech Are Always Hidden? (2) (3) (4)
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|Re: Most Of The Global Layoffs Have Been In Tech by mrksquare: 2:01am On Jan 30|
Even music streaming platform, Spotify laid off thousands of it's staff.
|Re: Most Of The Global Layoffs Have Been In Tech by Gerrard59(m): 4:35am On Jan 30|
Thank you for lecturing that man whose highest achievement has been sucking Tinubu's preek and swallowing his cum.
Yen yen yen run a global tech firm with 10 employees 🙄
|Re: Most Of The Global Layoffs Have Been In Tech by ChybuzzDD(m): 5:26am On Jan 30|
You even have time to respond to that guy who thinks he knows everything about a profession he actually knows nothing about.
He can't appreciate the human efforts that go into the pre-op period evaluating/diagnosing and preparing the patient before the robots get involved in the theatre.
|Re: Most Of The Global Layoffs Have Been In Tech by Nobody: 6:29am On Jan 30|
It looks to me that what you do is IT Support. Microsoft Support, SAP or something similar. Because you keep mentioning certifications. Tech is no just one field, a lot of fields in Tech don't need any certification.
Even a baby born today can see all the layoffs happening in the Tech space.
Also to get papers to live in the US requires that you marry a citizen, Work Visas lost by layoff means you leave the country in 60 days.
You need to update your information because thousands of Native Americans working in US tech companies who are top in their field got laid off, I dont know the news you are watching maybe you are living under a Rock.
|Re: Most Of The Global Layoffs Have Been In Tech by sircatherine45(m): 7:03am On Jan 30|
From this point, I'll agree with you.
|Re: Most Of The Global Layoffs Have Been In Tech by Businessman1986(m): 7:06am On Jan 30|
Won't the University run a plagiarism check on the paper? To my knowledge chatGPT work can be detected
|Re: Most Of The Global Layoffs Have Been In Tech by sircatherine45(m): 7:08am On Jan 30|
Businessman1986:of course, but not Nigerian universities.
Only UNILAG, UI, NOUN and UNIPORT run standard off-the-shelf plagiarism software.
|Re: Most Of The Global Layoffs Have Been In Tech by Nobody: 9:03am On Jan 30|
You act like it is only Facebook, Google and Microsoft that exists in the world of tech.
The subject of the matter isn't about google or microsoft, those companies are bureaucratic corporations that are profitable because of a tested business model
The subject matter is about the various startups with outrageous valuations, no business model but have thousands of employees.
1) What is the aim of having thousands of employees without a single revenue or profit. Traditionally business is built on cutting cost and making profit but the way VC run companies do their biz, it is all about hyper growth, selling to competitors and ipo. When the bubble burst, lot of people get sacked and the cycle continues.
In regards to talent, most tech companies with Vc funds attract talents with outrageous salaries and perks because of competition, when there is a downturn in economy, these people are sacked all in the name of down sizing.
2) Fyi...there are lot of small companies beating facebook and the rest large tech companies in new technology and innovations. The larger a company becomes, the less innovative the company becomes because of bureaucracy.
OpenAI has 375 employees created ChatGPT for students and professionals. Google has 100,000 employees and is still doing catching up to OpenAI
3) As at 2019, twitter had 4900 employees, after elon took over, twitter has about 2,300 employees. The employee count will continue to reduce until the company is profitable.
Elon has showed what a waste their bloated corporate architecture is. Do more, with less, that is the slogan of elon, That’s what every business should strive to do. For a long time, tech companies just throw money and people at every problem.. which is not a smart way to build. Twitter is in a better place with a tenth of the people.
|Re: Most Of The Global Layoffs Have Been In Tech by JapaProf: 9:54am On Jan 30|
Facebook ad management
I know all of these and I'm hardly ever never busy with one project or the other.
|Re: Most Of The Global Layoffs Have Been In Tech by Iolo(m): 9:59am On Jan 30|
Let us say your argument is correct. Google and the likes are now profitable and have become bloated. I don’t disagree with the bloated part.
You are still not getting the point that the reason why VCs exist is to provide a source of funding to tech start ups that are otherwise unable to raise funds due to their business models. Nearly every tech company starts off unprofitable and starts off with an untested business model. The WhatsApp you use everyday has never been profitable, without VCs they won’t exist up until Facebook acquired them. Amazon took over 10 years to become profitable. Even Twitter you mention only become profitable after several years. Without VCs these companies would not exist. They would have died a natural death without getting the chance to even IPO. Most tech business models take scale and network effects to generate a profit. You need to invest to generate those network effects. Your balance sheet will look negative up on till that point.
A company can only raise funds through Debt or Equity. A start up can’t take debt because debt is expensive and they have no revenue to support interest payments. However, allowing a VC take a % ownership of the company at a certain valuation in exchange for money isn’t a bad bet. You should also know the VCs take a huge risk in this model as less than 30% of VC investments lead to a profit for them.
Your point on OpenAI even supports this. They have raised billions of USD without making a profit till date. OpenAI is led by Sam Altman who was previously President of YC the worlds most well known Tech VC.
Employees are a cost center so If every company could generate USD 100 billion in revenues with only 400 employees, don’t you think they would be doing so? The reason why no one has ever done this is because you need people to make money. And that’s the conundrum every CEO has to face. You hire employees in anticipation of business growth. Sometimes it works out, other times it doesn’t. That doesn’t mean adding employees is a bad thing in of itself. Mind you each person laid off is someone who was hired at some point. The average google employee makes about $300k in salary and stocks annually. Is it morally better to hire people and pay them, then let them go when you no longer need them? Or to not hire at all and keep the extra cash in your balance sheet sitting pretty? These laid off workers have earned enough, learned enough and hopefully saved enough to be okay for the next 6 months. They will end up using those savings to start up their next idea or join other start ups and help them build the next Google.
Regards OpenAI, it is in its nascent phase. Building out and validating their technology. As they go into a commercial phase which they are already entering (partnership with Microsoft and the $49monthly fee for premium access) they will need to ramp up on their employee count to drive this.
Finally, your comment on small companies besting larger ones is a common observation. Companies tend to develop an inertia as they add head count. This doesn’t mean they can’t innovate, but bringing that innovation to market will require a lot more considerations. Google Lambda has existed before ChatGPT but they never exposed it to the world because of the potential reputational damage to Google. Chat bots built on language models have been known to have biases (misogyny, racist, etc.). A small company has no such worries. If there is a reputational damage its effects are not as widespread. So yes, this inertia or bureaucracy is a reason why small companies will be more agile. Before Facebook you had MySpace, before Apple and Google, you had Nokia, Ericsson, Sagem and the likes. This is a natural cycle with tech…it’s all in phases.
|Re: Most Of The Global Layoffs Have Been In Tech by sarutobi: 10:41am On Jan 30|
It is going to take over the jobs of programmers LMAO.
All these people sef. Not in a million years.
|Re: Most Of The Global Layoffs Have Been In Tech by PrincessJr(f): 12:22pm On Jan 30|
|Re: Most Of The Global Layoffs Have Been In Tech by sircatherine45(m): 12:26pm On Jan 30|
App can be bypassed if you know how to do it. Plagiarism apps are not fool-proof.
|Re: Most Of The Global Layoffs Have Been In Tech by MemoriesAndMe: 3:01pm On Jan 30|
I'm a Cybersecurity Engineer bro, I've been a US citizen for almost 20 years now. I schooled here too, got both my bachelor's and masters here in the IT space, my masters is in Cybersecurity.
Ofcourse people get IT jobs without having any certifications, but those with certifications stand a better chance. Some jobs advertised specifically ask for certifications or push employees to be certified after getting hired. Most of my certifications were paid for by employers as some of them are very expensive.
I'm aware of the layoffs, just saying it doesn't mean everyone laid off are IT folks working for the firm.
No one will offer me an IT support role as I'm much above that level in the tech world with experience and certs to show for it. I have consulted for many big forms here and understand the internals.
It's not true that everyone has to marry an American to be an American, people bring their kids, brothers and other family members over and there is a path to US citizenship for them without them having to marry anyone.
I'm just talking about what I've seen and I'm used to, it may be a different experience for others.
|Re: Most Of The Global Layoffs Have Been In Tech by Nobody: 4:04pm On Jan 30|
There are 4 categories of people I know.
- Most people whom I know has brought their brothers and other family members over to the US got married to someone to retain themselves.
- Some that I know worked their way with Work Sponsorships are living on the edge because they have to work to keep that status until they can apply for permanent residence & they have only 60 days to leave the country during job loss.
- Some got in through the Military some years ago, I'm not sure the programme is still running anymore.
- Others I knew got in by Visa lottery which is over.
So If you have been a US citizen for 20 years, I can assume you got it around the 90s which means you're in your late 40s.
Therefore, that was a long time ago when things were easier.
|Re: Most Of The Global Layoffs Have Been In Tech by MemoriesAndMe: 4:20pm On Jan 30|
I got here through my family - everyone lived in the US forever and are all US citizens.
Yeah things were relatively easier when I left, it's somewhat more difficult now. Even some of my old friends that visited me several times from Nigeria said the US embassies started rejecting them visa, so I only see them whenever I'm in Nigeria. I was still with them for last Xmas and New Year and left again on New Year night.
There are several categories of visas beyond the ones you mentioned, some people just only know a few. Just go to the USCIS website and see the various immigrant visa available and the requirements.
Those you said have to marry someone came here with non-immigrant visas like visiting, student, tourist visa etc which doesn't allow them to work here until they adjust their status - except student visas that lets you work about 20 hours a week while studying. Immigrant visa means you will have freedom to work as many hours as you want for as many employers as you can handle because u will automatically have a green card and eventually citizenship if you meet the criteria.
Just check USCIS website out and see the various options.
|Re: Most Of The Global Layoffs Have Been In Tech by FredLum: 5:44pm On Jan 30|
Boss, my friends and I are eager to get into Cyber security and I honestly need a mentor, can you help.
I sent you a message
|Re: Most Of The Global Layoffs Have Been In Tech by MemoriesAndMe: 6:19pm On Jan 30|
FredLum:I was trained in universities here in the US and have been doing it through most of my career. I don't train folks on it, I did in the past, but not anymore, but I have all the resources for anyone interested in Cybersecurity cos that's my space and can gladly share for free.
I don't think universities in Nigeria teach Cybersecurity yet, but my entire knowledge was from here in the US.
My advice to you will be to just take baby steps and know what area of Cybersecurity you like - Cybersecurity is very broad and you have to choose what areas you like, you will get confused if you start bouncing around various areas of Cybersecurity. For me, I focused on Network Security and Application security. I'm a certified ethical hacker too. Can I hack? Yes I can hack anyone or any system I'm interested in.
Do I hack? Not anymore, firms in the US hire folks like me to protect them from being hacked, so I don't consider myself a hacker, probably a white hat hacker that protects firms and not the black hats looking for whom to extort or ruin - we have same skills, one is just the thief and the other is like the "police".
So I know the onions when it comes to tech, especially from the security standpoint for any organization anywhere in the world.
There are free trainings on YouTube if you want to watch them just to get started.
I know of some Nigerian folks organizing some free trainings on Splunk, but I don't know if they accept folks from Nigeria cos some folks already messed it up for others by suddenly starting to beg for money from everyone in the Whatshap group or sending them fraudulent links to extort them. Not like people don't like to help, but they back out same folks suddenly make it a habit.
There are many free trainings on YouTube you can watch and see if the area is for you. I'd advise you get certified after knowing each area cos that makes you stand out amongst others that don't have your type of certifications.
Log analysis is another booming area in IT, you can learn it on your own on YouTube, Udemy, Coursera etc. Just focus on Splunk.
Folks with Splunk skills can never lack jobs, here in the US you're aiming for a minimum of $130k per annum. You can make even up to $180k depending on your skills and bargaining power, not sure what they pay in Nigeria for such skills - I never worked in Nigeria, except the IT trainings I did there cos I attended polytechnics in Nigeria, not universities and there was discrimination back then, so I dipped out and attended universities here.
Just get an idea of what Splunk is about, learn it, get certified in it, add it to your resume and see how many global job opportunities are open to you even though you may be based in Nigeria. Firms are ready to bring vibrant and talented minds from anywhere to anywhere in the world as long as you can prove to them that's you are an asset.
I schooled in Nigeria too and I know there are too many brilliant people in Nigeria, the opportunities are just not there for many in Nigeria, but firms will gladly hire the proper skills as long as you can prove your skills to them.
If you're interested in learning Splunk to add to your resume, YouTube is free, watch asany videos as u want on it and find a course online to build up your skill. I'll share a link below which is just an intro. Within a few months, you'll be a pro and even train others as a side hustle if you want.
Free Splunk trainings for anyone interested
But it's better you participate in a guided class online so you don't get confused.
Good luck bro!
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|Re: Most Of The Global Layoffs Have Been In Tech by FredLum: 6:32pm On Jan 30|
You are truly a good man, this means a lot and have given me the direction I needed, thank you so much, you are far too kind. I and my friends will follow all you said diligently.
We are getting everything together to begin in March.
Kindly oblige me a response if I need further information if need be, in the future.
|Re: Most Of The Global Layoffs Have Been In Tech by MemoriesAndMe: 6:37pm On Jan 30|
That's what nairaland is for - we learn from one another. I learn from others here too.
Good luck my brother.
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|Re: Most Of The Global Layoffs Have Been In Tech by studyless123: 4:19am On Jan 31|
The biggest tech companies are the ones laying off. The issue is not high demand, can the companies pay? My friend makes over 400k, and many make over that amount. how many positions do you see advertising such?
|Re: Most Of The Global Layoffs Have Been In Tech by studyless123: 4:23am On Jan 31|
You're correct. Many laid off are not tech workers.
I'm curious by what you mean by the bolded. If you're not in IT support, then what are you into?
|Re: Most Of The Global Layoffs Have Been In Tech by studyless123: 4:54am On Jan 31|
Nice understanding of that space. It is now very difficult to become a Y Combinator startup.
|Re: Most Of The Global Layoffs Have Been In Tech by MemoriesAndMe: 7:21am On Jan 31|
As I said before, I'm beyond that level where anyone will even think of offering me an IT support role even here in the US, not to talk of Nigeria. If a firm can't pay me $150k PA and above, let them keep their job. I haven't earned less than that since the past 7 years and sometimes I do multiple jobs and clock about $600k PA.
So why would I want to settle for tech support job that only pays around $50k or just a bit more per annum?
I don't know how much they pay them in Nigeria, but it's God Forbid for me. Tech support audience is even totally different from my audience and I don't even expect going backwards.
I started as analyst - my Bachelor's here was in Information Technology and I majored in Systems Analysis. After I graduated here, I was immediately hired by NCR Corporation at their world headquarters here in Atlanta, Georgia. NCR exists in Nigeria too.
I resigned from NCR after 3 years and joined General Electric, stin in their IT space, I was an IT lead there in their Governance, Risks and Compliance space, I left and joined another firm as a developer, I then went into consulting - I wotker for at least 3 consulting firms that sent me anywhere in the world they want me to go for various project.
I got tired of all the traveling and I'm back in Atlanta where I live and work with a bank here as a Cybersecurity Engineer.
Does that answer your question?
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|Re: Most Of The Global Layoffs Have Been In Tech by tensazangetsu20(m): 9:48am On Jan 31|
600k per annum. America is the real deal. Others are spectators in the league of nations. God of mercy
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|Re: Most Of The Global Layoffs Have Been In Tech by airsaylongcome: 10:40am On Jan 31|
You really underestimate Nigerian universities. I know several more Uni’s not on this list that run Turnitin
|Re: Most Of The Global Layoffs Have Been In Tech by airsaylongcome: 10:52am On Jan 31|
Lol! I can tell 100% from this statement that you probably aren’t very active on these Nairaland “tech streets”. I’m your long post outlining a path into Cybersecurity you articulated a lot of options, especially entry level options. Do you know a traditional Nairalander would do? They would say “Message me”. That’s euphemism for chat me up so I can charge you for that. And I get that time and knowledge is money. But I’ve seen people always “message me” for a request to say change the colour used in a webpage. So while I agree with you that Nairaland should be somewhere to liberally share information, I find a lot of people hoard info.
|Re: Most Of The Global Layoffs Have Been In Tech by airsaylongcome: 10:55am On Jan 31|
I’d be interested in the hours worked
|Re: Most Of The Global Layoffs Have Been In Tech by studyless123: 1:17pm On Jan 31|
You've got a great profile. it's nice when individuals try to upskill themselves. I hope you've gotten your TS/SCI.
So now to the meat. Broadly roles in IT is either you're working as a developer or support. We've got a few roles in between but let's keep it simple. I know in everyone's mind IT support refers to the desktop support or entry level IT positions. But because of my background I have more respect for the support teams than developer teams. This is because support teams provides technical assistance by troubleshooting and resolving IT issues by IT experts. There are hundreds of unresolved IT issues today because we lack experts.
Let's take an aspect of cybersecurity. Packet analysis which is a branch of network forensics, requires deep knowledge of various IT domains, your tools can range from Wireshark to Splunk, Dynatrace and whatever ...but the work is troubleshooting.
In Cloud and Telecoms and some of the support teams requires minimum of 10 years industry experience. You can get paid as much as 50k for receiving a page. Some of the IT support consultants take away over 100k a month.
The IT space lacks specialized skills today. For example BGP is the most complex IP routing protocol and in the past many people worked all their lives studying BGP but today the interest is different. A 3-month course and everyone is claiming a specialist. The race for quick delivery has left security loopholes in many systems and applications, that's why security sells. From DevSecOps to SecDevOps to DevOpsSec to SecDevSecOpsSec shows the different challenges that security has in integrating into the software development lifecycle. It's going to get worse.
What's your role in the bank? cyber analy, Appsec, audit, Inc res, Pen tester, Net sec, architecture, admin. I just like learning.
|Re: Most Of The Global Layoffs Have Been In Tech by studyless123: 1:24pm On Jan 31|
You can even make more than that if that's what you want. Many do so by working multiple jobs and guess what a few have contributed to serious security breaches.
|Re: Most Of The Global Layoffs Have Been In Tech by studyless123: 1:32pm On Jan 31|
In some cases the hours can run simultaneously. You just switch between jobs. However the greatest issue is human error and some have occurred. It's one of the reasons some companies opt for non compete agreement
|Re: Most Of The Global Layoffs Have Been In Tech by tensazangetsu20(m): 2:27pm On Jan 31|
If I dont enter that country in my lifetime to work I dont think my soul will rest in peace.
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