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ZadarskiDrake t1_ja3af1n wrote

I keep seeing these charts and hearing things about how bad the economy is and I agree I am broke af meanwhile my rich friend took me out for dinner last night and I was just amazed at how carelessly people who make a lot of money spend. He paid for our meals ($100+) and he spent like $60 on drinks for himself without even thinking twice about it. He is 27 and makes $150,000 per year and for people like him, they will never struggle or be affected by inflation. He is going to be promoted to IT manager next year and he said his base pay will go to $200,000 + $20,000 yearly bonus . If you guys are smart, go to school and major in computer science or engineering. You will make alot of money and never have to worry about surviving.

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vaibhav_bu t1_ja40y2z wrote

Just read about the layoffs in the tech industry and this rosy picture that you painted will start to fade away.

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StockNinja99 t1_ja45on9 wrote

The layoffs are a tiny fraction of the workforce, many these tech firms still have more people on the payroll then in 2020

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vaibhav_bu t1_ja5sqzx wrote

I don’t think using the same number of employees as 2020 is a good measure to see if the companies are bloated. But the amount of “wasted resources” in big tech companies (FAANG) is insane. The only reason why they were able to support this was because of the crazy profits that were raked in, take that profit out of the equation and everything falls through.

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uponhillsandvalleys t1_ja7l7yh wrote

Tech industry ≠ tech support for non-tech industries.

This isn’t a hard concept.

Layoffs at Snapchat/Facebook are not related whatsoever to roles like networking engineer at a healthcare corporate data center.

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