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Large changes in IT employment underway

https://www.wsj.com/tech/microsoft-layoffs-workers-2025-c1b9b6dd?mod=lead_feature_below_a_pos2

from AP

The mass layoffs come just weeks after Microsoft reported strong sales and profits that beat Wall Street expectations for the January-March quarter, which investors took as a dose of relief during a turbulent time for the tech sector and U.S. economy.

https://www.businessinsider.com/microsoft-flattening-management-layers-cutting-jobs-2025-5?op=1


https://www.financialexpress.com/life/technology-layoffs-sweep-tech-industry-more-than-50000-lose-their-jobs-so-far-in-2025-3843104/

According to data from layoffs.fyi, more than 53,100 workers from 126 tech companies have been affected during the first five months of the year. Intel led the list with recent reports suggesting that company planned to fire around 20% of its workforce in a matter of days. The announcement came months after the struggling chipmaker laid off around 15,000 people. Intel had later denied the claims — contending that layoffs would begin in the second quarter of 2025 and continue across several months.

Re: Large changes in IT employment underway

Reply #1 –
https://futurism.com/computer-science-majors-high-unemployment-rate

"Every kid with a laptop thinks they're the next Zuckerberg," the finance guru behind MichaelRyanMoney.com told the magazine, "but most can't debug their way out of a paper bag."

"We created a gold rush mentality around coding right as the gold ran out," Ryan continued, referencing the "learn to code" craze of the late 2010s and early 2020s. "Companies are cutting engineering budgets by 40 percent while CS enrollment hits record highs. It's basic economics. Flood the market, crater the wages."

Where do they go from here? Aside from going back to school for something more lucrative, they could take the suggestion from one laid-off tech veteran, who last year told SFGATE that she had started selling her blood plasma to make ends meet.

Re: Large changes in IT employment underway

Reply #2 –
Big tech is cutting their engineering budgets substantially but not sure that is representative the rest of the industry. Maybe a sign of what's to come, maybe not.

Re: Large changes in IT employment underway

Reply #3 –
Things will eventually balance out, if not then a collapse and rebirth happens.

Big tech is pretty greedy, but it's true that the software industry is oversaturated since programmers are the new doctors in the sense that everyone wants it for the money and initial appeal.

Re: Large changes in IT employment underway

Reply #4 –
How many H1b visas are they filing?