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Latest Tech Layoff Trends in Three Charts (ieee.org)
14 points by mfiguiere on Dec 9, 2022 | hide | past | favorite | 16 comments



The data in this article is simply wrong. Alphabet didn't layoff 10,000 people in November, or announce such a layoff. Looks like it's recycling some low-quality speculative layoff articles and presenting them as facts.


They announced in Nov their intent to layoff 10k people in Q1 2023.

https://www.nasdaq.com/articles/alphabet-reportedly-seeks-to...


This is false.

A forbes contributor page (no editorial oversight) concluded that because Google introduced a new performance review system this spring that expects to rate roughly 6% of the company below expectations (roughly 10,000 people) that the company is planning on laying off 10,000 people. This is just a completely unfounded leap of logic but it is so juicy that it was repeated everywhere.

All of the information about GRAD was made available in like April and was worked on well before we even reached 2022. Even with the old system, the majority of people who received NIs (targeting 2% of the company) were not fired.


That is not an announcement.


Two things jumped out at me:

1) this seems like a stealth ad for the company that made the tools to gather the data

2) does anyone consider Juul a tech company?


Did google \ Alphabet officially do layoffs?


Nope. Article is just making shit up (or making assumptions based on a forbes article that was making shit up).


No. Seems like the article is making assumptions.


I thought Twitter laid off more than 3750 in addition to laying off all their contractors?


This nothing, yet. The bay area had an unemployment rate of 12.5% during the .com bust.


Right. And the tech unemployment rate still went down despite layoffs up to November's doorstep. There's no data on November, yet. Will be interesting if November arrests that downward trend at all.


Bar charts are the most useful - the visualization by circles is data malpractice.


This can really be seen comparing Amazon to HP. Amazon had about twice as many affected people, but the circles make it look about the same.


Layoffs.FYI is a more useful look as it is an actual data set vs a few charts: https://layoffs.fyi/


Is Meta laying off any folks working on "the metaverse"?





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