MindHacker9009:
Hmmm!

Google's parent company Alphabet will cut 12,000 jobs, in the latest staff redundancies to hit the tech industry.

Google and Alphabet CEO Sundar Pichai said he took "full responsibility" for the cuts, in an internal email.

The cuts will affect 6% of Alphabet's workforce worldwide, in teams including recruitment and engineering.

This comes days after Microsoft announced 10,000 jobs would be lost, and weeks after Amazon announced 18,000 job cuts.

Mr Pichai thanked staff for "working so hard" in their roles, adding that their "contributions have been invaluable".

He wrote: "While this transition won't be easy, we're going to support employees as they look for their next opportunity.

"Until then, please take good care of yourselves as you absorb this difficult news. As part of that, if you are just starting your work day, please feel free to work from home today."

According to a recent filing with Companies House, Google has more than 5,500 staff in the UK. But it is unclear how many of these will be affected by the cuts.
'Unsustainable'

Mr Pichai announced severance packages for US employees, who will receive at least 16 weeks of salary, their 2022 bonus, paid vacations and six months of health coverage.

He said he remained "optimistic about our ability to deliver on our mission, even on our toughest days".

Wall Street welcomed the cuts - Alphabet shares rose by 3.5% in electronic trading before the stock market opened.

Analysts have said tech's big guns had previously overspent, not seeing a slowdown on the horizon.

Are tech job cuts a warning for the wider economy?
What is behind the big tech companies' job cuts?

Daniel Ives of Wedbush Securities said the layoffs highlight irresponsible spending across a sector basking in "hypergrowth".

"The reality is tech stalwarts over-hired at a pace that was unsustainable and now darker macro is forcing these layoffs across the tech space," he said.

According to tech site Layoffs.fyi, nearly 194,000 industry employees have lost their jobs in the US since the beginning of 2022, not including those announced by Alphabet on Friday.

Hewlett Packard and cloud computing giant Salesforce also announced major cuts this month, as rampant inflation and rising interest rates have slowed growth.

US tech giants have also been facing scrutiny in the European Union, which has started enforcing regulations to stop them avoiding tax, stifling competition, profiting from news content without paying and serving as platforms for disinformation and hate.

Source: https://www.bbc.co.uk/news/technology-64346921

I thought it is Alphabeta.

jimetagambo:

That H1B visa is real lotto.

To even get it isnt sure. When you school in the USA you have opt, if you had a stem degree you can extend it to 3 years and you have just 3 chances at the lottery not everyone gets H1B it's not even automatic for everyone. A guy who graduated from Harvard couldn't even get H1B after his opt expired so he had to go back to Trinidad and Tobago. Usa is a bad option to school if your purpose is staying back except you are sure of marrying an American very sure

tensazangetsu20:


Definitely save. I am seeing some people even buy houses and cars while they are still on H1B. People are insanely optimistic. Honestly, for a foreign student Canada is the best option as you qualify for a PR immediately you graduate. The route to american PR is long and unforgiving and to think even getting the h1b is a lottery and not even automatic.

There's something that confuses me about this H1B visa.

Do these people need a job equivalent of their former job or host any job. Any job like working in a retail store?

tensazangetsu20:


It seems the faang hype might die down after all these layoffs. I really pity those from third world countries who are on H1Bs. It's 60 days to find a new job or go back home. For Nigerians that can mean a possibility of coming back to emilokan God forbid sha.

naa cause be this ?

Karleb:


There's something that confuses me about this H1B visa.

Do these people need a job equivalent of their former job or host any job. Any job like working in a retail store?

Very few jobs sponsor for H1B o. The thing is that it's even a lottery system so a company can sponsor you and you won't even get it. When you graduate as a student you have OPT which allows you to work but it's only valid for a short amount of time. You have to try to get H1B during your opt period. If you can't you have to leave the USA, if you also get H1B you need to maintain it for 6 years to get green card. If you lose your job while on H1B you have 60 days to find another else you have to leave the USA. For some nationalities like Indians and chinese, it's almost impossible to get green card due to backlog. There's indians who have been working for 10 years on H1B and can't get green card.

Gift96:


naa cause be this ?

It's not o. I don't wish such for anyone.

Na buhari cause am ?

tensazangetsu20:
The almighty Google o. Hmmmm and companies that people looked down on are even giving bonuses. Mercedes Benz just paid all their devs 7000 euros bonus. Apple isn't laying off and didn't lay off in 2001 and she's seen as the least prestigious amongst the faang.

It seems the faang hype might die down after all these layoffs. I really pity those from third world countries who are on H1Bs. It's 60 days to find a new job or go back home. For Nigerians that can mean a possibility of coming back to emilokan God forbid sha.

In brazil, Mercedes benz layed off 2,200 company employees and 1,400 contract workers, that is 3,600 workers.

Apple isn't firing employees because for the past 3 years they haven't over hired. But they are firing non-seasonal employees in their retail channel outside of Apple Stores.

When Elon Musk did this everyone was on his case, only for other tech companies to follow suit starting with Facebook.

thebosstrevor1:


In brazil, Mercedes benz layed off 2,200 company employees and 1,400 contract workers, that is 3,600 workers.

Apple isn't firing employees because for the past 3 years they haven't over hired. But they are firing non-seasonal employees in their retail channel outside of Apple Stores.

I read that news. Those layoffs were in September and for factory workers plus they even opened a new plant and were restructuring their business in Brazil.

this is the reason:

https://www.youtube.com/watch?v=EhkGj9tImfI

Remember when they were telling you to learn coding? Not necessary in 2023.

Guyman01:


Them dey sack people and you dey post Canada visa, na you go employ them when they arrive Canada?

They will quit #2milllion a month jobs to go and be driving uber and stocking shelves at Walmart only to start consoling themselves with doing it for the children. There is one guy I know in Ibadan who has risen to the top in corporate Nigeria gave everything up to go to Canada only to be coming back to Nigeria every three months. I was wondering why did you leave Nigeria in the first place if the Nigeria enjoyment still dey your body, despite giving insecurity as a japa excuse but insecurity is not stopping you from running back every few months so who is deceiving who.

thebosstrevor1:


In brazil, Mercedes benz layed off 2,200 company employees and 1,400 contract workers, that is 3,600 workers.

Apple isn't firing employees because for the past 3 years they haven't over hired. But they are firing non-seasonal employees in their retail channel outside of Apple Stores.

Microsoft also layoff 10k people THIS NEW YEAR.
It is not coincidental, it is AI changing things.

Wait... So google get parent company ni...
Just learning

ChatGPT still dey oooo!!!

They are all following each other bt Elon started it with twitter. I don't know the reason the others have.

The recession that the US and Europe will face in 2023 will be a serious one.

And the WEF (World Economic Forum) headed by the evil Klaus Swach is happy about it.

bluefilm:
It will take years before the world economy fully recovers from the debilitating impact of the COVID19 SCAMdemic.

I'm glad you know it was a scam.

They were all printing money indiscriminately during the lockdown period and sharing it out and at a time that production was nearly zero. After the dust settled, there was too much money in the circulation to purchase very few goods.

Unfortunately, the inflation of the US Dollar will have global effect because the dollar being the global currency means the whole world is subsidising the US excess of currency.

But with the recent move towards de-dollarizarion by countries such as China, Russia, Turkey, KSA, Swiss Bank and the incoming admittance of Turkey and KSA into the BRICs, it's only a matter of time before the US loses her dollar hegemony.

Petrodollar may soon give way to "Petroyuan"

Sheriman:
ChatGPT still dey oooo!!!

ChatGPT that is an algorithm funded by the government to feed people information the way that the government wants.

ChatGPT was fed about 50 billion texts (that's about 50 million articles) and what it does is to analyse these articles to give the answers to the questions you ask it. The downside now is that ChatGPT is not exposed to Internet contents, which means that there is tendency for it not to get updated on many issues as at when due. And of course it was a deliberate strategy. There are many dissenting voices and articles daily put in the Internet entry and exposure of ChatGPT to this means that the software will pick from articles that are anti-government.

An example is when CbwtGPT was asked "how to destroy Crypto in one year". The responses include whipping up fake news about Crypto, dissuading many people from investing into Crypto, forming legislation to make government take control of Crypto and so on. Now doesn't that sound like the government in 2022? Sam Bankman Fried comes to mind.

Bill Gates having invested about 2 million dollars in it owns about 40 percent share in ChatGPT while Elon Musk and a few others that started it proper (PayPal co-founder being one) own the remaining shares. Elon Musk had a different vision, a rather harmless one, for ChatGPT. Unfortunately with Bill Gates involvement, weaponization of the platform against users and in favour of the government is what Bill Gates has turned it into. This is one of the reason why Elon Musk blocked ChatGPT access to Twitter the moment he bought the platform, and the said the suspension is until further notice.

Bill Gates is making moves to put ChatGPT bar in his browser while he gradually removes the usual Google search. Google has raised an eyebrow to this move though, but the intention of it all is that ChatGPT when it replaces Google search, will only give you information as the government wants it to. This means that responses will be streamlined to control your awareness within the narrow concept of the government unlike the vast array of limitless information the regular Google search will provide for you.

You see, Lamy citizens across the world has lost trust in their governments and a survey conducted showed that trust of the people in their government has dropped an average of 40% ever since the pandemic.

The New Zealand Prime minister that just resigned was as a result of outcry of the citizens that they don't want her anymore ever since she introduced and signed the "climate conservation act" into law. This act when implemented will have far reaching consequences on the freedom and choice of citizens.

Remember that the prime minister is a member of the WEF. And so are Justin Trudeau, Ridhi Sunak, Liz Truss and that France prime minister.

The WEF is all about diabolism, control and dictatorship in manner that even China and Russia totalitarian or socialist governments will be child's play.

The WEF is about "You will own nothing, and you will be happy".

It will take years before the world economy fully recovers from the debilitating impact of the COVID19 SCAMdemic.

tensazangetsu20:
The almighty Google o. Hmmmm and companies that people looked down on are even giving bonuses. Mercedes Benz just paid all their devs 7000 euros bonus. Apple isn't laying off and didn't lay off in 2001 and she's seen as the least prestigious amongst the faang.

It seems the faang hype might die down after all these layoffs. I really pity those from third world countries who are on H1Bs. It's 60 days to find a new job or go back home. For Nigerians that can mean a possibility of coming back to emilokan God forbid sha.

That's why I appreciate top semiconductor companies like Intel and Samsong....

Because more and more people are now playing Kalo Kalo for a living, neglecting productive activities

They said Google CEO was singing Bala Blu by BAT. Try to read news next time.

kollinz1234:
I did not read the post but I know that with his questionable identity

Age discrepancy

Health challenges

Corrupt tendencies

linkage to drug deals

Alongside Muslim Muslim tickets, Tinubu cannot win Nigeria presidential election.

TheNoble007:



That's why I appreciate top semiconductor companies like Intel and Samsong....

They don't layoff too.

tensazangetsu20:

Very few jobs sponsor for H1B o. The thing is that it's even a lottery system so a company can sponsor you and you won't even get it. When you graduate as a student you have OPT which allows you to work but it's only valid for a short amount of time. You have to try to get H1B during your opt period. If you can't you have to leave the USA, if you also get H1B you need to maintain it for 6 years to get green card. If you lose your job while on H1B you have 60 days to find another else you have to leave the USA. For some nationalities like Indians and chinese, it's almost impossible to get green card due to backlog. There's indians who have been working for 10 years on H1B and can't get green card.

The best bet is to be a PhD candidate in STEM, do good research work and show that you are a person of extraordinary ability which is not very difficult and viola, you apply for EB1A via express.... That's the surest way to approval now. Or the person do a postdoc after PhD and then get a faculty role in a less competitive college or University.... There is no cap for H1B for higher institutions at all...

tensazangetsu20:

They don't layoff too.

Nope. They don't lay off at all... That's my field.

TheNoble007:



The best bet is to be a PhD candidate in STEM, do good research work and show that you are a person of extraordinary ability which is not very difficult and viola, you apply for EB1A via express.... That's the surest way to approval now. Or the person do a postdoc after PhD and then get a faculty role in a less competitive college or University.... There is no cap for H1B for higher institutions at all...

Yeah but not everyone has the aptitude to preservere through a PhD program.

TheNoble007:



Nope. They don't lay off at all... That's my field.

So you work in Nigeria

This new oil well isnt even secured

/
Tech cycle is periodical and reverses about every 10 years. They hire en masse and layoff en masse. Sadly it is always a Domino effect that once it affects one, it affects all. It will only get worse if US economy takes a hit as expected this year.

/

ceaser:
The recession that the US and Europe will face in 2023 will be a serious one.

And the WEF (World Economic Forum) headed by the evil Klaus Swach is happy about it.



I'm glad you know it was a scam.

They were all printing money indiscriminately during the lockdown period and sharing it out and at a time that production was nearly zero. After the dust settled, there was too much money in the circulation to purchase very few goods.

Unfortunately, the inflation of the US Dollar will have global effect because the dollar being the global currency means the whole world is subsidising the US excess of currency.

But with the recent move towards de-dollarizarion by countries such as China, Russia, Turkey, KSA, Swiss Bank and the incoming admittance of Turkey and KSA into the BRICs, it's only a matter of time before the US loses her dollar hegemony.

Petrodollar may soon give way to "Petroyuan"

The US economy is heading south.

So, you're right.

It's only a matter of time before the entire bubble bursts...