If you work at one of the large tech companies that, in the last few weeks [or months], have laid off thousands of employees, you may be wondering what the hell is going on. Especially if the company you’re working for is not actually struggling economically right now. If you work for Google, say, you must be thinking, “What is it about the coming recession that makes a company that’s doing just fine institute broad layoffs for the first time in its 23-year history?”
The answer, my friend, is class warfare.
It’s always something about “improving performance” or “lowering overhead”. The real reason is money. If the company looks like it’s improving the stock value will go up and the right people will make money. An easy way to do that is fire a bunch of underperforming employees before a shareholder meeting. It doesn’t hurt production too much if they’re underperforming compared to the average employee and it doesn’t require a large capital spending plan to improve things.
Of course ‘looks like it is improving’ and ‘underperformed employees’ tend to be abstract numbers on spreadsheets that only exist to increase short term stocks. Productions in general doesn’t fall off for some time even if you fire the best employees, so anything below that will prop up the company while it coasts for a few quarters before the wealthy that know start dumping the stocks.
I was laid off in March of this year. The company didn’t over hire during COVID. We lost a few people right at the start and slowly hired replacements towards the end. It was completely unexpected. The company was doing great and my team was responsible for maintaining and continuing development of a product that was still making millions. I was laid off with a few other incredibly valuable members of the team, some of which had been with the company long before the team was bought from previous management.
I’ll never understand why it happened, and it was a very stressful time to happen so unexpectedly. Thankfully I recovered and got a pay bump but still, what the fuck.
If your company was publicly traded, the answers may be out there. They are beholden to shareholders and your board of directors.
The answer, my friend, is
class warfareThe answer is that you were working at an overhyped over inflated company that was hiring too many people on the back of incredibly low interest rates, you weren’t providing any real actual productive value, and the economic correction has forced you to leave the big tech companies and go to the various banks and other institutions that have had severely dilapidated software for decades for your contributions will actually boost the economy and help people’s lives.
I have next to zero empathy for these software developers who were running around making 100k while committing code like twice a day which these big tech companies were absolutely filled the brim with and probably still have tons of.
You’re rolled the hype train and you got burned, you made your good money well it was still in low interest rate hike mode and now you need to get out and do something else.
Expect life to get even harder, because we don’t even need these programmers right now, not as much as we need people out there building homes and working in factories. Expect your pay to stagnate until being a construction worker looks more lucrative than your current job, and your job comes more and more into competition with an excess of people going into computer science because that’s where the money is, or that’s where it was 10 years ago.
-a software developer
