litigator:


Seems the recent apathy for globalization and the new found love in nationalism is beginning to affect loads of stuffs.

Hmmm!

I just pity 3rd world countries. They have to struggle with loan interest repayment and economic growth.

I see global protest but this is not right.

Tech companies that adopted globalization are getting burnt. Are we expecting another pandemic?

A global melt down of the debt ceiling is not raise by June?

Do you know what’s going on?

engrrichie92:


Define "normal" skills please?

LordAdam16:


That is too gloomy.

Granted, tech will eventually become like O&G, but that's still a ways off.

Once the economy outlook improves, these companies will initiate a massive hiring spree.

-Lord

Kingabia1998:
Elon musk the eye opener

Emmacy001:


E come be now wey I wan learn software engineering

meobizy:
Tech jobs were once the new oil fields. It seems one will need to get real world skills after all.

otukpoyam:


Correct, tech will eventually be like O&G. And yes, that's still ways off. However, job security in tech is becoming a thing of the past, and even if these companies rehire, it won't be in such a massive scale

otukpoyam:

You can still learn software engineering, but you don't necessarily need to look for work in a tech company. Other regular companies will still need tech staff, but they may not pay as much

otukpoyam:

You can still learn software engineering, but you don't necessarily need to look for work in a tech company. Other regular companies will still need tech staff, but they may not pay as much

truthCoder:


Lets do some math

12,000 workers is 6% of Google’s staff strength.

Which means Google staff strength is 200,000 employees.

At an average salary of $72,000 means the payroll is $14.4 billion per annum

By sacking 12,000 in January, they have saved $1 billion in payroll costs

mystery22:
how did you do the maths,I know you are correct but how did you get 200000

truthCoder:


6% is 0.06
Let googleStaff = x
0.06x = 12,000
x = 12,000 / 0.06
x = 200,000

Google staff strength is 200,000 as computed from the article.

Barywhyte:


Really love your analysis. It all make sense here!

ceaser:


@bolded. You don't need to be too worried about that. This issue of de-globalisation is more or less a form of re-alignment accompanied by globalisation on a more less scale.

Why do you think the US hurriedly organised an Africa leaders' summit for African countries, something they did not deem necessary for over 12 years (the last one being 2002) whereas China has organized three of similar retreat for African countries within the same time space?

Africans have particularly not done excellently with loans from the World Bank and other similar Bretton woods institutions. The popular saying right now is that "When the west does business with you, they want to control your internal affairs. But when China does business with you, they want to do business with you"

The truth is that Africa is the oil field of the new movement and the struggle for it has already begun. Its just that China and Russia has been wise enough to make far reaching inroads into the continent farther than the US and the west ever envisaged, China especially with their Belt-and-road-initiative. A recent survey that was done across Africa showed that Africans and their leaders generally have become more comfortable with China than with the US and the west.

Africa has resources and the good thing is that China and countries like Russia have begun to help African countries to harness its use in manufacturing while at the same time also carrying some of the resource to their own country. If you desire, China will help you to construct chocolate factories to process your cocoa, but they will also ask that you supply cocoa to their own chocolate factories in their countries at cheaper costs. After all, they have the population adequate for patronage. This is in sharp contrast to what the US has always done which is hauling all your resources to their country without also helping you to harness the use of such resource in your own capacity no matter how little. In addition, they also destroy your environment during the mining process.

A Chinese emmisary that visited SA at about the same time a US secretary was travelling across Africa discouraging African countries from having deals with China had this to say: "A US secretary is travelling across Africa on Chinese constructed roads, using Chinese constructed airports and seaports to convince Africans not to have dealings with China" This statement is indeed true.

It appears that the rest of the world may not really do excellently without resources from Africa. This especially holds true with France who depend so much on many things, human resource, money and natural resources coming out of Africa. Do you know that the insurgency crises in Borno state Nigeria is not without the knowledge of France. Indeed, France has been a accused of fanning the embers of insurgency across west Africa. The case of Borno state is mainly because of the oil that was discovered there, at its border with french-administered Chad. This means that the oil in Chad favours France. But the problem is that the topography of the area favours the Nigerian side of the black gold discovery. Water or any liquid for that matter finds its own level and flows more to a lower level. Hence the moment oil exploration begins in Borno side, there will be little or nothing left for France to get at the Chad side. Hence crises needed to be maintained in the area to prevent exploration. Of course this will be in cahoots with some self centred and selfish Nigerian saboteurs who must have been promised a largesse by the French government.

Russia-Ukraine conflict has led to energy crises in many European nations and with a looming Middle East unrest, Brent crude is likely to hit a new high in the coming months, meaning higher energy bills for an already inflation-ladened west. Europe had actually visited Nigeria with the hope of getting gas supplies via pipeline from us. Currently the pipeline passes thru Morocco but it may likely be extended to Europe if the deals go thru. So Russia-Ukraine conflict may actually be a blessing in disguise for Nigeria.

What I'm trying to point out here is that Africa may actually do quite well without the "encumberances" disguised as "globalisation" from the west once we have a more reasonable partner like China and Russia. Saudi Arabia is also already solidifying relationship with China and are likely to be granted membership (alongside Turkey) into the BRICS in the next meeting to be held in South Africa.

Do you know that Saudi Arabia has contracted China to help it replicate one of the fast trains that they have in Saudi too? Meanwhile the US Amtrack in a technologically advanced USA can still not boast of a fast train for decades. The reason for that deliberate stagnation, which of course is politically motivated is a story for another day. To know that the capacity of China in construction cannot be overlooked, they are also handling the construction of a nuclear reactor in UK (partly funded by China and UK government)