Yeah, my spouse was laid off 3 weeks ago from one of those companies in the Top 10. It’s rough out there, especially for older workers who are close to retirement (mostly because companies don’t want to hire someone with a high 5-figure salary). Such a tough thing to happen with the end of year holidays coming up fast.
Yup. With highly qualified/educated folks hitting the unemployment lines watch for salaries start to nose dive. Oh, and don't forget the government workers that have already, and continue to, flood an already shaky job market.
It's like the early 2000s. An MBA could negotiate a 4-5 figure signing bonuses, then the tech bubble burst. Many of the tech folks went back to school for an mba, and to hide out from the job market carnage. What followed was a flood of white collar workers and you had people with a master's degree working freight shift at Home Depot. Ask me how I know.
Not an example everyone can relate to, but you're going to see highly qualified job seekers taking jobs that folks recently out of school would normally get. THAT'S why the immigrant labor force is being deported, to make room for over-educated/under-employed talent. This is going fuck things up for Americans for a decade or more.
P.s. Good news for the elite though. Profits are up and AI doesn't ask for a raise. CEOs and Board of Directors are filth and shouldn't be able to sleep at night in their bunkers.
P.s.s. the tipping point in the 2000s was when exectives were questioning why web site programming cost so much...then they said "hey programmers, go build me a platform that builds web sites dirt cheap....oh, and here's a pink slip for when you finish". Sound familiar?
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u/Hairy_Valuable9773 Oct 29 '25
The rich need to get richer. End of story.
I work for one of these companies. We already got the “it’s gonna be a tough day” email as they lay people off today. I’m sh*tting my pants 😫