As layoffs continue in the tech industry, many have taken to social media to express their shock and regret. According to the latest data published by layoffs.fyi, approximately 21,473 employees were laid off from 50 companies in the tech sector in April 2024 alone. April's layoffs are in line with a wave of layoffs that will continue into 2024, with at least 271 companies laying off 78,572 employees this year. In such a situation, the IIM-Ahmedabad alumnus said companies keep profits in mind and are not concerned about the concept of a 'dream company' in the minds of their employees.
“Well, isn't it great to see these big companies making such thoughtful decisions for their employees? Google, a pioneer in innovation, has an entire Python team. We decided it was a great idea to let them go, because obviously Python is a very good thing.'' And Tesla, bless their hearts, they're like a team-building exercise. , in exchange for losing trust, you are given a pink slip. ” about recent layoffs at Tesla and Google.
He wrote on LinkedIn, “And Atlassian is like, oh, they're just alarming us by hiring and firing at the same time. It's been an emotional roller coaster for those poor students. It's like, you know, the people who thought they were.'' There's an opportunity for the future, but you get a front row seat to the circus of corporate decisions. Then who needs stability? ”
Shah said the idea of a “dream company” is a “strange concept.” An IIM graduate said, “What a bizarre concept is the term 'dream company'. Who needs dreams when you have profit margins!! Let's all raise a glass to the corporate lords. Because they clearly have our interests in their hands.” Cheers to Anxiety and Disappointment! I met a student who was part of his PPO at Atlassian, only to have his certification revoked at the last minute and is now unemployed.
Meanwhile, Google has reportedly laid off its entire Python team, marking the latest layoffs at the tech giant ahead of its annual developer conference in May. The company has furloughed staff across its core teams, including Flutter, Dart, and Python, and affected employees are sharing their experiences on social media. Several employees on Hacker News and Reddit are claiming that their entire Python team was fired by his Google. Python is the primary code used in artificial intelligence and machine learning. The tech giant hasn't abolished its Python team, but has replaced the existing team with another group based in Munich. Some users have suggested that Google may be looking for cheaper options outside the US.
Notably, earlier this month, the electric car maker owned by Elon Musk announced it would cut more than 10% of its global workforce. In an internal email accessed by electrick.com, Musk said the “next phase of growth” requires rapid growth that will lead to duplication of roles and cost savings within the company.