2024: Another Year of Mass Layoffs? | Between the Lines with Palki Sharma
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- Опубликовано: 20 янв 2024
- 2024: Another Year of Mass Layoffs? | Between the Lines with Palki Sharma
2023 was called the year of mass layoffs. 2024 is off to a brutal start. Google, Amazon, Citigroup and several other companies have already announced a set of layoffs. Will the new year be more of the same? Palki Sharma tells you on Between the Lines.
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Layoffs | Neutron Jack | General Electric | Jack Welch | Job Security | USA | Unemployment | Google | Amazon | Microsoft | Yahoo | Meta | Zoom | Sergey Brin | Larry Page | Sundar Pichai | Salary Hike | AI | Artificial Intelligence | Tech Company | Firstpost | World News | Latest News | Global News | International News | Trending News
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Are mass layoffs the new normal? Comment below and tell us.
Mass Layoff is especially bad for India with a GDP per capita of $2,847 but not as bad for the Maldives with a GDP per capita of $17,558
GDP per capita 2024
Maldives: $17,558
India: $2,847
Who needs who more? Maldives: $17,558 or India: $2,847. India's annual GDP per capita is $2,847. When you minus food cost, medical bills, living expenses for your family of 6. How can they possibly even afford to go on a holiday? According to a US, UK and German report. India's hunger index went from 107 last year to 111 this year. Which is even below countries like North Korea. India is barely surviving.
I'm from the UK, and the monthly cost of a single-bedroom apartment is more than the entire GDP per capita income of an Indian per year. I need at least $3,500 a month to survive. I find it incredible that Indians could survive on $2,800 a year. You can't imagine their horrific living conditions; just look at Dharavi.
@@WorId_Peacethe only reason the per capita income is so low is because of the huge population of India.
Hence the reminder: No matter which company you work for, always put yourself and your family first. You are just a cost centre for the company...
Take care of your health. If you are even thinking about the term "work life balance", then something is already wrong.
What happens when you are starving and on the streets. How can people possibly look after themselves.
it should be Income and desire balance. Always remember be loyal to your job and not the company...
@@tedoneilclark4710
Americans who have a home address seldom starve because we can apply for food stamps (which *requires* a home address.)
In America, no one needs to starve, except for the homeless people. Then there are charities and shelters acting as bulwarks against homelessness and starvation. (Churches help because "taking care of the poor" was a teaching from Jesus who promised the *eternal* job for Christians -- love each other.)
In New York, you can move into the Roosevelt Hotel. It's not exactly Hotel California: ruclips.net/video/09839DpTctU/видео.htmlsi=A5n_6J9noAs7riZP but we Yankees are frugal people and you can leave. 😊
Parables of pipeline is worth building when u on the job itself.
@@tedoneilclark4710 food banks and parking lots, the liberal way
jobs are losing value daily with massive layoffs, Last year I was working full time budgeting groceries, unable to afford date nights, and missing time with my kids just to make extra money. These days I learn how to make money online, Using my job to finance my goals, You can't be an employee forever everyone should know by now, making extra cashflow interest everyday or weekly should be the goal now.
Having a job doesn't mean security rather join a business trade.
Big ups to everyone working effortlessly trying to earn a living while building wealth even after the massive layoffs. My wife and I we are both retired with over $2 million in net worth and all paid off debts. living smart and frugal with our money, made it possible for us this early, even till now we earn passively with our asset coach.
Adapt to a lifestyle, be thrifty, set a budget, save money and build more streams.
you could also take advantage of some growth stocks at the moment, every pro is currently bagging some dips. For me, my coach margaret ann myatt the intelligent guide has been using every opportunity to ensure I benefit, well positioned as I’m also privy to improve.
defend yourself against your job, Run a side business or contribute to an open earning project streamline that is unrelated to your day job, that way you develop an independent skill against layoffs.
hey John It appears your asset coach is well established in the pro field. Well I’m open to receiving more interest & value to achieve my target.
I was laid off in October 2023 after working my ass off. Almost everyday had late night calls and was working on tight deadlines. Just one month prior to layoff i was given an appreciation award and my manager verbally told me i was doing a great job.
Cut to December 2023 i found a new job with better pay and work life balance.
Take care of your health, the company will wipe off your desk the day you are gone.
What is your tech stack
Sorry to hear that glad you found a better job. Always stay competitive and increase your resume skills strategically. It's a shame short term profits over dedicated workers are a desire for executives.
You’re a m*ron if you think that any company appreciates your efforts in 2024. You’re just a number on a computer screen.
I was laid off in 2009 after GFC within IT Sector. Australia and Norway were the Only 2 Western Nations that never went into GFC during 2007 and yet by 2009, Mass Automation happened in Australia. India, China, Philippines, etc were Lucky to Get Outsourced Jobs from USA + Many Parts of the World where Those Locals Lost Jobs while Mass Automation began 25+ Years ago where Many Lost Jobs Worldwide (Skills, education needed to be updated-did those-doing well)
Having Just Technical + Analytical Skills + Education NOT ENOUGH as Need INTEGRATED SKILLS + EDUCATION of Humanities + Arts + Social Sciences WITH Natural Sciences + Formal Sciences WITH Peer-to-Peer + Collaborative Learning as well as Research Learning of Integrated Education including Sharing Research Knowledge + Encouragement of CURIOSITY RIGHT FROM TODDLER DAYS (Indian Coaching Centres in Mess with Rote Learning A Lot)
I'm an old guy now. I lost my job at 47: I have some advice for maybe one of you. Most of you will probably not listen to this: It was not easy to get a good job. It took 10 months. I had saved money which had saved my hide. I got a job with the US Government. Basically, nobody wanted it, but the work was steady. I worked up and made more money and stayed employed. Then I was able to retire with: SS, a pension, and a 401-type program. Some of you can do this. I got laid off or fired it was a pattern. I have heard all the hype about how much I was going to make, but I found it did not work out with the go go companies! Good luck hope this helps somebody!
good for you, you have skill and luck, but not sure how that helps anyone else
i told my wife if i get laid off again, i'm going to find work for the government. tired of getting moved, losing my rhythm, losing time i spent on these software products.
@@KhmerH20 what do you do?
@@dutube99 i work in tech industry
@@KhmerH20you will get the government job. Go for it :)
This is so cruel practice companies are following these days and nobody is taking a stand against this bullying. I myself lost my job due to layoff and it left me, my collegues and our families stranded with broken dreams and unstable future. There must be a job security. People should raise voice against this dark side of company bullying
There is no contract to retain employees, how can you fight?
Why govt is not doing something for this problem?
When there was time to support Communism, you had supported Capatalism that used brutal tactics to disintegrate Comminist Countries. When they did such a thing with whole nation then, who are you in front of them? Insect! Basically, it is karma!
RUclips! Thank you for censoring my comment! I'm grately appreciated for that. I will return the same love that you are doing with us... ❤
@@therakeshkumarrathore govt has govt jobs for that , but with much less pay.
In IT field, we have lost the job security. Yes we earn a better margin but at a risk of not knowing when we might get laid off
AI will finish jobs completely
@@INDIANATHEIST526 then let’s be AI developer
@@INDIANATHEIST526no it won’t . Nature of jobs would change. We will need to adapt. But new jobs will arise. It won’t replace humans .
IT sector is by far one of the worst sector. not just job issues, education is flat out scam and useless.
Apple CEO is not like other Indian CEO who layoff people to make profits (cause these Indians are from a different country)
but the most CEO in India are not like the them
MOTO: stop foreign nationals from being CEO (applies to all countries), else these foreigners will just focus on making profits
Thanks for bringing the layoffs issue to lime light. There is no moral responsibility for companies.
You're right! There is no moral responsibility for a company in a capitalist society. Capitalism doesn't care if you eat or not. If you have shelter or not. How your' kids are.
The only concern for a capitalist, is are you turning a profit. That's it. And when you don't, you're OUT OF HERE.
Gain knowledge from big companies and be self employed after 3-4 years..
This is the best option for everyone
0:60 I took a loss from recent impact of the Dow-Jones on our portfolios. The discrepancy is much
The correlation between the US and indian markets, especially the NIFTY, has been quite pronounced lately.
A fellow Volunteer in the Isha Foundation. Pradeep Venkata, specifically, faced a substantial hit due to this correlation. The Dow's oscillations tend to create ripples in our domestic markets.
Learnt if monica hadn't acted proactively he. would have lost more, she strategically adjusted pradeep's portfolio
Impressive. Who is this Monica y’all talk about and how did she manage that?
The decision on when to pick an advisor is a very personal one. I take guidance from ‘ Monica Mary Strigle ‘ to meet my growth goals and avoid mistakes, she's well-qualified I started with 50 lakh and now boast a portfolio exceeding 1 crore. Monica's guidance has truly made a substantial difference
The sad reality of the tech market today. However , one must take into consideration the following :
1. The country from where they are firing
2.The nationality of the workers
3.Position of the employees getting sacked.
4. The industry where the massive lay offs are taking place
Exactly Google have a lot of people who are just roaming around without real work after completing their projects. They're wasting money keeping these unnecessary workforce. HR is the most useless department that do stupid shit to justify their existence. A lot of time they have no industrial knowledge and they rarely do any real work.
"The country from where they are firing" and the country from where they are hiring replacements.
Country does not matter now. Mass Layoffs are happening everywhere.
I am not certain of this fact. A man told me those in the IT industry will be laid off when they reach 40. He said as the IT industry grows rapidly, companies wanted new employees with innovative ideas. Keeping those above 40 is seen as a liability.
It's a sugar coated way of saying that the older employees are a burden because they are more costly for the company to afford and new employees come cheap.
Think about it, companies value experience and rookies don't have that.
The only reason they want rookies is to lighten up their balance sheets and make their profits look bigger and make shareholders more happy in the process.
My Big Brother always said that anyone who worked in STEM fields should accumulate a big enough nestegg built up by working 20 years and retire for good at near age 40.
Yes, that's good advice.
Ideas are just a cover story. Showing up with a miniskirt at the bottomline is sexy.
@@harjeetsinghbrar6987exactly
That man is wrong. Experience matters, 40 years old most probably is managing other people and a rookie will have hard time to adjust if team is big and fast moving (in IT usually it is).
IT sector is already over crowded, institutions like CDAC are doing nothing and it's employees work like sarkari babu..
Very well said,For companies it may be just a minor restructuring,but it may be life changing incident for most of its employees.We are leading a life full of uncertainty. 9:01
I worked at a fortune 500 company for ten years. The layoffs never stopped. I got it after ten years. I guess today my dept is just a manager doing all of the development testing planning and it support by himself.
Short working hours must be introduced. Wages and salaries may be less, but the cost of living will also be less. Job sharing must be also encouraged. All over the world the unemployment is on the increase. In the free time, grow vegetables and try to be self sufficient. The modern lifestyle depends on too many unstable and costly factors.
This 👍 If company wants to be lean, so must you.
If you bring value to the company, they will fight to keep you. That fact has never changed. Treat a job like a value transaction and not a marriage. Give as much as you are getting and no more, and secure your position through value add and networking. Dont give loyalty, dont expect it.
That's why GE went down the drain. CEOs since can't reverse it since. Jack killed it for everyone.
@@TwentyApril-fp2ck Very sad indeed. Airbus commercial is going from strength to strength winning a lot of new orders I really hope Boeing get their s**t together quickly before they turn into another Ford or GM.😪
You are absolutely correct! Check out the book The Man Who Broke Capitalism by David Gelles GE today is today a shadow of its former shelf. The few employees (young then and nearing retirement age now) who survived Jack's tenure told us Jack Welch is a much despised and mentioning his name is very taboo inside the company.
If I'm going to get fired, then why should I work my best?, or overwork to stay in a job till hearth deteriorates?, for the profit for a sociopath?
I don’t view Jack Welch as an innovator, now, I view him as a rotten human being. Once I learned what he did, his rank and Yank strategy. Steve Balmer was an admirer of Jack Welch. Once you find out these things, it really tarnishes their legacy. The only people that love these CEOs now Wall Street, fund managers. This history really needs to be taught in school as a counterpoint to the Wall Street narrative.
@@rmikel14789 Welcome to the World of Inequality which has been going on for 10000 Years where Especially the Rich Worldwide along with Bit of Upper Middle Class Make the Rules, Cultures, etc and the Rest Follows. That's been the Trend for 10000 Years. Continued Below
Wow...60s and 70s were era of job security 😮
Yeah, at the tail end of the Baby Boomers, I, a late Baby Boomer myself, caught the full blast of the exhaust. It's a blast ! 💥 but I'm still in one piece.
Not really. US manufacturing and textile jobs started get moved offshore and south. Mass closure of steel plants and textiles in the north and south. There were whole small towns and regions in Pennsylvania and North Carolina that collapsed from the job losses. Some have recovered while others still have not.
00:02 CEOs today are following a similar layoff strategy like Neutron Jack
01:08 2024 sees a surge in job losses
02:21 Google and other companies are expecting more layoffs in 2024.
03:27 Pandemic led to layoffs and reorganization in tech companies
04:27 Tech companies are shifting focus from employee perks to chasing bigger profits.
05:33 Companies are restructuring and cutting down on perks and non-performing products.
06:29 Mass layoffs impact health and employment prospects
07:33 Possible layoffs in 2024
Only boomers getting richer in this way while making current generation miserable
Don't blame if the world won't move in future
As for your greed and becoming more richer, u guys detached people rather than thinking for sustainable society.
Die in your future wealth and u won't see your grandchildren becoz u never considered yourself old enough and try to push the responsibilities to newer generation.
If AI and robots take all the jobs in the future, where will the companies get their income from when the majority of the people don't have income to pay for their products and services?
Big companies like Amazon are just fine. They have enough money and resources for restructuring and implementing automation. It's small and medium businesses who are screwed! As for the people, they will be on government benefits/UBI (or whatever they come up with) in exchange for obedience and compliance.
The governments of all nations will be their customers
There will be an AI economy. Humans will eventually give up on being as productive as AI.
You are already contributing to Google's profits by watching, Liking and commenting on RUclips, Using Google maps, using search Engine etc. Even jobless people are watching youtube because they have plenty of time now after being layed off.
@@Ryan.Dias619 still one's employee is someone's customer.. people will buy stuff they need (basic needs) they wont buy anything that they extremely dont need. Marketing methods will change to get customer/client with buying power :)
Thanks for highlighting and focussing on this, totally appreciate your news channel and the content you guys cover
lots of non IT companies are laying off their staff too. It's not because they hired extra people post pandemic. It's because lower market demand due to higher interest rates and these companies wanted to maintain their margins.
Thank you for your kind words. I appreciate your acknowledgment of the information provided and the communication style. I
Good analysis and delivery.
More like this. Very balance with right choice of words
The best job advice I ever got was as soon as you get hired, start looking for your next job. Companies are only interested in the bottom line, quarter to quarter, month to month, even week to week. You are a simply a faceless cost to be discarded at their convenience. Hate it or love it that is just the way of the world. As soon as you become complacent in your job, you have just screwed yourself over and guess what, it's your fault.
First scrap the H1B program. It's just seems to be cost cutting measure by company. They are misusing it. Value Americans first and secure American jobs.
Laying off people and running in profits. That is cruel.
There must be rules around this. For e.g.
i) If companies are in profits then they cannot let go more than x% of their labour.
ii) If companies let go > 1% of their workforce, none of executives should be paid any bonus for the year. Etc.
Have you been called Woke or something yet. If you keep at it you might end up being called a naxalite.
Be a shareholder
@@TheAnhsirkamar That is an excellent choice. As soon as company mass layoff, the share price usually go up. However, company should give share to employee vs employee buying it.
Discussion is different though, it is the impact of that one call or e-mail communicating that you are no longer with us, only who have gone through that can understand.
Lakhs of youth are facing uncertain times in jobs. Lakhs unemployed too. But stock market is rising n rising.
Late capitalism
Great Report on layoffs. Pitchai Zuckerberg banks industries etc. In
Many US companies offshoring remote jobs also since workers are not office based anymore. Foreign workers hired at lower salaries and same experience, education and fluent in English. All about record profits and stock prices.
not always fluent in English, trust me, i know haha
Adjustments, inventories, reconciliations of books, TAX REGISTRATIONS and updates prevents LAY-OFFS, since it has back-up of answers and assertiveness of character that results to completion of goals for the ORGANIZATION
As per economics, everything eventually balances out !! If AI will take away jobs in the short-term, cost of manual labor will also increase over time. End of the day, consumers/humans drive economies, and not AI or bots...!!
She hit every nail on the head with this video..I just kept nodding my head..yes..yes..yes..you understand..you got that right!
Very insightful and extremely well presented show.
Thank you
I greatly appreciate your passion on this particular topic. I am a proud & enthusiastic Indian🇮🇳 and I really love ♥ and have a lot of respect for the incredible work of Palki's highly captivating story regarding *How British looted 45 trillion from India* which unquestionably stands as a masterpiece of the highest quality. The content of the reporting is truly inspiring, and I thoroughly enjoyed watching it. The dedication, talent and hard work poured into the video are greatly appreciated by many. The Indian Union Public Service Commission has delivered a remarkable report titled संघ लोक सेवा आयोग *How Britishers killed 1.8 billion Indians. Chronology of British Raj's exploitative policies* | UPSC," is equally astounding. The Indian government consistently produces insightful and thought-provoking articles of the utmost caliber, and I sincerely hope they continue to produce such interesting exceptional work. Can it even get better than that? It should deserve an award for best report of the year. Thanks for telling the truth. Your show was really entertaining.
Word!😂
tu indian nahi hai, kyun drama karti hai
WILL YOU STOP SPAMMING?????!!!!!
Wasn't Bengal Kingdom 1 of the Richest Kingdoms of Indian Subcontinent Before Mughals and Britishers Too where it also had bits and pieces of Industrialization? And wasn't DHAKA the Major Part of the Bengal Kingdom because KOLKATA/CALCUTTA was FOUNDED AS A CITY BY THE BRITISHERS? So, shouldn't the 45 Trillion Dollar Looting be Shared with BANGLADESH Too?
Now, Having Just Technical + Analytical Skills + Education NOT ENOUGH as Need INTEGRATED SKILLS + EDUCATION of Humanities + Arts + Social Sciences WITH Natural Sciences + Formal Sciences WITH Peer-to-Peer + Collaborative Learning as well as Research Learning of Integrated Education including Sharing Research Knowledge + Encouragement of CURIOSITY RIGHT FROM TODDLER DAYS (Indian Coaching Centres in Mess with Rote Learning A Lot)
Now employees have zero or negative loyalty towards a company - Thank you Jack Welsh!
Companies have got govt to step in and flood the labor market with immigrants to suppress workers wages (and rights) as in Canada.
It's a dark chapter of Crony Capitalism turning into Feudalism.
Entities that can capture the govt and offload their losses on the people as well as change policies to profit themselves are in control.
Democracy looks like a fraud.
Bcz employees chase large companies for such material comfort and when it gets time to perform, they can't so companies eventually fire them!
When they fire someone they don't choose random persons!
There are people who are loyal. The companies don't want to pay them higher or most of the time want the same work done in lower price, so they often fire them from work.
that happened in the 80's, many companies had restructuring, if you were in your 40's or 50's, you were a sitting duck. I remember one company I worked for had a leverage buyout in 87. Sweeping layoffs, buyouts, etc. There was alot of duplication in that company, even I thought was a waste of money. It had a devistating effect on morale thoughout the company. People even quit afterwards because working conditions were so bad. I was ok, however I learned then job security was something of the past. All it mattered was profits. They praise you while your there, however if you threaten to quit they scream, why lets fix whats wrong then they walk away, do nothing. then when they have to cut costs. your just a number. Only people that stayed were bad people. And it continues today. I'm retired. I don't miss it.
I also think we should set minimum quqlification requirements for politicians At least an an MBA from a reputed university with some proven work experience. Further anybody with a criminal record should be banned from politics.
The list of "reputed universities" is too small.
this is possible only in comment section. kido
So that the poor or those who never got a chance to learn remain where they belong?
I'm sorry to disappoint. There is no correlation between the level of education and doing what is morally right. Same as being smart vs being wise.
There are plenty of talented individuals who didn't get a chance to study that excels. I think just give them an IQ test or problem solving test. If they pass, put them in a high stress room to test their honesty and morals. If they keep the money for themselves, they fail. If they sacrifice people for their own gain and did not do it for the betterment of their people in the future, they fail.
Dear Firstpost and Palki Ma'am, Do these kinds of videos on AI, the job market, the tech industry of India, the U.S., and around the globe more often!
Fearing the lay offs , employees are unable to take rest...They are bothered to perform well and there is no time for anything except job...people are extending their shifts by 5-6 hours and companies are making profit out of it...very bad and cruel strategy used by company nowadays. They don't vale employees are humans anymore!!
Congratulations 👏 to all loyalists of the Employee Loyalty program banter!
Actually, its an irony that in private companies, there is nothing called permanent for the employees! This is the real face of the capitalism!
Time to make a union for all Tech employees
You don't understand fed will not cut rate till people have jobs.
If companies don't layoff now inflation will stay high and fed will not cut rate.
If interest rate remains high, companies will have tough time expanding businesses.
House interest will remain high and people won't buy houses that will further impact economy.
Most tech ppl dont have nationality of us
Artificial intelligence automation and advanced technology will take over all the jobs
Welcome to the World of Inequality which has been going on for 10000 Years where Especially the Rich Worldwide along with Bit of Upper Middle Class Make the Rules, Cultures, etc and the Rest Follows. That's been the Trend for 10000 Years. Continued Below
Continued from Above - Here are Few Books Can Read with Book Titles Regarding INEQUALITY which has been Trend for 10000 Years at Least -A) "The Creation of Inequality: How Our Prehistoric Ancestors Set the Stage for Monarchy, Slavery and Empire", B) "Ten Thousand Years of Inequality: The Archaeology of Wealth Differences" and C) "The Journey of Humanity: The Origins of Wealth and Inequality"
Economic Definitions;
- Recession: When your neighbor gets laid off.
- Depression: When you get laid off.
These seem to be the only economic situations that exist.
Mass LayOffs is an Opportunity. The Global Market is indicating the positive signs of Boom in the fields of Manufacturing, Power Generation, FMCG, Real Estate, Fashion / LifeStyle, Health & Fitness Industry etc.
Thanks !
IT invented AI. This was a big mistake. AI has become smarter than humans & cheaper for companies resulting in replacing humans. Stopping AI can stop layoffs!
It's not really AI no one is using AI just like that. AI is still early so it's not full proof.
AI is not yet fully developed to completely replace humans, even if it did we would still require some humans to operate.
@@helloworld2054arre to kon bol rha hai complete replacement hoga human ka lekin job to jaa rhi na , jaha pahle 50 bande chahiye the waha ab 10 se kaam ho ja rha
NEVER GIVE UP...
U MAY LOOSE JOB BUT U HAV
TALENT.....
KNOWLEDGE is power⚡️&
May ur dreams com true🙂🙂
stop spreading fake motivation
@@citizengaming3138very annoying senseless and fake motivation. It winds m*ronic.
ai will replace its just a matter of time no matter how much body you build you can never replace a truck ever
The only way to reply to Corporates is to reduce consumption...
That will cut even more jobs
it’s happening in 2024 too, i see couple of my colleagues got layoffs 😢
Sir do you think is it good to study bussiness or it in todays time?
Change your slave mindset.
Don't make a career out of mindlessly working for others, that's Slavery!
Instead, position yourself early as an Entrepreneur, then find employers where you can Learn first and then raise Capital for your own enterprise.
In your journey to the top, fire your Employers freely and without regret if they fail to meet your expectations.
@@sunilchand6058 what coorp do u own bro?
Many people are taking up different fields than computer based careers. Anything connected to a computer will be invaded by AI soon. We cannot stop AI from taking away all jobs. Plus Business means very very heavy competition. We cannot win in 8.2 Billion human world where everyone is a competitor.
Only boomers getting richer in this way while making current generation miserable
Don't blame if the world won't move in future
As for your greed and becoming more richer, u guys detached people rather than thinking for sustainable society.
Die in your future wealth and u won't see your grandchildren becoz u never considered yourself old enough and try to push the responsibilities to newer generation.
The media is currently barraged with a lot of economic data right now. It takes a lot to see beyond the whole ocean of news on focus on what is important, which is that no matter how low stocks go, they always bounce back. I really ignore all the news and keep investing. I recently allocated about $121k to put in the market as we anticipate a crash. Any recommendations?
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
True, I’ve been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’AILEEN GERTRUDE TIPPY” for about five years now, and her performance has been consistently impressive.
understand the sentiment on CEO's statement. Unfortunately American companies have too many layers of management. As an example the company i used to work with there are positions with Sr. VP and Director titles with 1 /2 reports and these guys were doing nothing significant. Managers have no idea on Employee utilization and this is the typical of American company norm. No wonder you see in America a layoff / Firing is very common. Do these happen in Europe. why not as much as in US
That is not a "typical American company norm." Do you realize there are 8.3 million companies in the United States? Your exposure to American companies is limited.
Thanks for video. Very well presented.
PALKA SHARMA VERY EDUCATED ABOUT WORLD ISSUES AN BEAUTIFUL ❤️❤️❤️❤️ WOMAN KEEP REPORTING
Already started in end of Dec 2023. Lot of people started new year with bad news and fear .. This emotion still continues. How many have the same feel ?
I'm hoping to retire next year at 55. My goal next year is to be more serious and consistent with my investments I've been investing since I was 22. 2024 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $105k, but I'm not sure on how to mitigate risk
Its unclear which stocks and sectors will lead the market in the next uptrend. It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
A good number of people discredit the effectiveness of financial advisors, but over the past 10years I've had a an advisor consistently restructure and diversify my portfolio/expenses and I've made over $3million in gains... might not be a lot but i find myself secure financially
Being heavily liquid, I'd rather not reinvent the wheel. Since this strategy works for you, how can I contact your advisor?
Samuel Peter Descovich is the analyst that helps me. He has a large following and is easily found online.
He has extensive understanding as I have made so much since following him.
Thanks for sharing. searched for his full name and his website popped up
Massive hiring during demand period, 2020 and 2021. Now the layoffs when the demand is low . It’s a normal for any company
As of now, the job losses are more due to a correction of the post-pabdemic overhiring by tech cos. Layoffs might begin at scale once someone like Big4 accept the dwindling biz sheets and decide to be the first.
You have set You tube on 🔥
Uncertainty is way of life... financial management is crucial... better not to be entrapped in long term commitment such as home loan, credit card swipe left n right. As long as money earned in employment, save it in gold or FD in bank and try to create second income, if job lost, one can survive with alternative income. There is no earth for careless and ignorant people.
A thourough report as there ever was. All reporting should be of this quality.
Hi thank you very much.
Firstpost videos and topics are really awesome and usefull.
Don't panic! The job market is cyclical, and new opportunities arise with each shift. Let's focus on upskilling and staying relevant for the evolving market.
Watching "2024: Another Year of Mass Layoffs?" by Palki Sharma on Firstpost is like witnessing a tenant-landlord relationship in flux, where new rules are needed to protect the rights of those who call a place home. The video astutely highlights the unsettling trend of mass layoffs in the corporate world, akin to 'no-fault evictions' in the real estate realm.
In the UK, recent legislation to prevent 'no fault evictions' is a step towards safeguarding tenants who've done nothing wrong. A parallel in the corporate world is long overdue. Just as a home provides stability and security, a job too is a cornerstone of an individual's life. Current laws need to evolve further to protect employees who have faithfully served their roles, only to find themselves abruptly on the street.
Companies, much like seasoned landlords, should consider playing the long game. Instead of opting for the knee-jerk reaction of layoffs at the slightest economic tremor, they need to think like wise investors who understand the value of nurturing and retaining their assets over time. In real estate, it's about maintaining a property to ensure long-term gains; in business, it's about valuing human capital.
Moreover, as AI begins to disrupt the corporate landscape, it's a clarion call for employees to reassess their career paths. It's like knowing a storm is coming and reinforcing your house in preparation. Employees need to equip themselves with new skills and adaptability, foreseeing the AI headwinds that are rapidly reshaping the job market.
Palki Sharma's insightful commentary on this pressing issue is commendable. Her points resonate deeply, serving as a reminder that in our relentless pursuit of profitability, we must not lose sight of our basic human empathy and responsibility.
In conclusion, as we brace for another year potentially marked by layoffs, it's time for both companies and employees to recalibrate their strategies. For companies, it's about viewing employees not as disposable assets but as integral parts of their long-term success. For individuals, it's about staying agile and prepared for the evolving demands of the AI era. Together, we can strive for a future where profitability and humanity walk hand in hand.
Curious how Indian press are concern about American layoffs. GE was the leading edge of globalizing worldwide. Is India press suggesting that they do not want global companies?
Profitable companies must never layoff their employees, their management and investors should reduce their greed instead. Period😤😤😤
I don't understand why the news channel speak about Layoffs only in IT industry. There are layoffs happening in other govt and private sectors - but no one talk about it. IT is the domain that helped many people to move to a better earning and life. You cannot expect it only rise - even stock markets goes through cycle. I have been in the industry for 25 years and have seen most IT employees got opportunities even after lay off. Can you tell how many employees in entertainment, media and joournalism are having a secured job? Please leave the IT indusrty - the capable employees are always employable and they are in a more secured job than anyone else.
Very meaningful & informative for all
Palki is always so attractive and full of stories which gives all anxiety attacks 😂
She's the mouth of the mainstream media. Her job is to spread fear and to convince you of certain things, not to inform you.
She is 😂😂 high anxiety anchor come up with crap news
Simp😢
Couple of questions -
// How stressful are the tech jobs in the top companies? Why do they need massage parlours or other forms of entertainment? People come to work or enjoy?
// Rather than giving entertainment in the offices, why not pay them extra, so they may choose their entertainment outside office.
// Providing a relaxing work environment to enhance productivity is a silly concept.
Another excellent reporting from Palki...
Great presentation on this topic. Tech may be pulling away to ai, but some jobs are still in needed positions. They might of over hired during the pandemic but a lot of people died and some are retiring and leaving positions still unfilled with no higher pay rate. Some may be pulling back, but they’re striving to keep what they have left from the pandemic and people today’s generation who don’t want to work.
I've 3 WILD idea for big tech bullies 😅🙉
1. Cap system: AI can't comprise let just say more than 20% or 30% of the workforce basically limiting the use of AI.
2. If companies failed to complie with the rule they'll have to pay more taxes
3. Citizens will only consume the services of companies who are more human friendly rather than AIs
I'm nuts :D
HAHAHAHA so when company over hire and is seeing less profit , will you cover their losses ? if yes please go ahead .
Instead of all this those who work in AI technology can stop working on it which will not cause layoffs on the first place
@@RayLee-bp4qsif company over hires, it means that they dont have proper vision and therefore the executive leadership should be first fired. Trimming middle layers wont bring change. Fire Sundar for example and rebuild google from the ground up. Its coz he lacks vision he signed off on over hiring during covid time.
And I have only one wild idea for homo sapiens
Don't produce too many kids😂
World's population should be not more than 2 or 3B.
In 2004 to 2010 -- Mass hiring took place -- In one year they hired 10000 people or more due to TIME and Material ( T &M) model where in more people means more business .. every employee time sheet is Billed to the client - This is called Liner growth -- Then came FIXED BID projects where in client is not billed based on time but outcome .. This led to company reducing head count to improve profitability as revenue will remain as it is since it is fixed bid contract -- They call it COST TAKE OUT or Efficiency improvement -- This is not new at all
Fixed bid contract sounds more logical. IMO, it supports fair competition and meritocracy
I wonder if the Indian ceos are also a reason as they they don’t believe in employee wellbeing
It’s not yet in most Asian culture to give employees a healthy life
This is the reason. Most Indian Ceos managers are selfish
For Indian CEOs revenue means cost cutting.
We also need to discuss Hiring freeze in various companies top. Resulting in lack of Jobs in the market
At the end everyone was noticed about tech advantage no one bothered to learn something new. I know schools fooled us but teachers always was telling just in case learn something new always learn so if something will change u won’t be left behind…now,no new skills keeps many behind…
If these companies are struggling to provide same quality services & products after the layoffs then the employees were wrongly fired. Otherwise they were not really necessary for the company so it is acceptable to fire them. I mean this is the private sector. It's not like these positions are permanent.
Who or which is permanent in this world?
I would say “Brutal World”
Nobody cares for you, it’s all how you take care of yourself !
God bless everyone !
THEN HOW COULD BE US UNEMPLOYMENT RATE STILL AT +3.7%????!!!!!!!!!!!! IT IS NONSENSE!!!!!!!!!!!!!!!:)
Sad reality of life. Thank you!
Earlier it was Nuetron Jack, now took over by Indisn CEOs, COOs and CFOs. If companies are running at good profits, why they need layoffs?
Because in the minds of these executives -- it's not about making profits... it's about which employees can make the most profits, the fastest.
@@thighdude7A modern corporate job is slavery.
90% CEOs, COOs and CFOs of companies doing rounds of layoffs are Indians.
Why r u working on jew lary page company
U r muslim no kaafir 😂😂
Also to make ten employee's workload to be loaded by one employee - so that they could cut costs enormously while paying fat cheques to the c-suites.
Thank you good information 😊😊
I have realised that putting company first will not lead me anywhere, So I put myself dirt now and family...
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserved.
Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $1000 and receiving $4,300 in 3days.
CryptO is bringing a different revolution in the economy. People who are optimistic investors Earn consistent..
I would really love to know how much work you did put in to get to this stage.
Maureen Toledo method is the best.
Got her info on ABC News in December 2022 and started following her lead and it's favoring me. Lost my job in April 2022 and right now I'm back on top again as I always win with her strategy.
PLEASE HOW DO I GET ON THIS????
How to reach her I'm interested🙏🏻
SHE MOSTLY INTERACTS ON TELEGRAM!
i love it! keep it coming please. :)
Very serious issue.
Sopra steria a french multinational revoked almost 90 percent of their 2023 batch's LOI after making them wait for over 1.5 years. That wont be counted in layoffs as all of them were freshers but now what would they do, nowhere to go no one to complain no law to protect them.
What happens when the people can no longer afford to buy the products these want to sell?
It’s already happened-I walked out of Lowe’s and Chipotle because of their SICK prices.
mass layoff is happening due to the mass hiring that took place during covid. Companies did over anticipation of their business and crazy valuations especially startups. When the free flow of money got stopped and books demanded profits, easier way was to cut jobs and terms it as organization restructuring. People with skills would always be in demand. I advice all folks do check what the company is doing rather not fall bait for their CTC offered.
So tell me which skill is in demand
Well, on the constructive side (opinion wise) I think it is a good thing that is happening (not literally). People have become.e habitual of getting a paycheck on every 1st, which makes them feel and act dependent, less optimistic and lays a boundary for them. Guys, think out of the box, become an entrepreneur ..rise in life..become a job provider. Go out of the clutches of corporates.
Great reporting thanks !
In the future tech workers will be forced to go even lower. No unions, no laws for protection, worst kind of behavior from HR. The more skilled a person is, more money he or she makes and more likely to be thrown out to cut costs.
Job cuts in IT may continue in years to come, not all but many IT engineers are doing work they have told to do. Well it’s not far when same is told to an AI system. When you are asked to do ensure you are doing an engineering contribution which an AI cannot. Else be ready to get replaced.
AI is evolving at an alarming pace. I can literally ask Chat GPT or Bard or Co-Pilot to assist me in writing a full fledged app and it'll do it for me too! Literally scary times ahead for all computer based jobs. I'd say if there's one area in coding where AI will replace all coders, then it's Backend + Database. These 2 are just logic. Repetitive jobs and Logical work are cake walk for AI.
@@corpsertag5967if the backend can be easily replaced it means everything will be replaced because backend is what the backbone of tech is and also the complex part with pure logic. So you think logic is getting replaced easily?
@@waqarahmad9094
High tech jobs are insecure because they're nearest to the machines but high touch jobs require "the human experience" so they are more secure [for humans]. 😊
@@corpsertag5967 I think the difference is between ‘what to do’ and ‘how to do’
If we get ‘what to do’ and we figure out ‘how to do’ near future another system can figure out ‘how to do’
But I don’t think systems can’t do all ‘what to do’ work; so think what kind of work are you doing.
@@waqarahmad9094 I think so bro. Coz, AI is master of logic. It can code a system easily than the presentation layer. Creative intelligence is more complex than logic based stuff. Backend is basically data-massaging. All you do is repeatedly fetch data from database and push it to a frontend or else get data from frontend, do validations, clean the data, push it to database. That's all. Easy to automate. But frontend means we gotta watch out every tiny pixel and colors and this and that and device compatibility and browser compatibility and separate codebase for web and separate one for mobile, etc.
Too much fat in Indian and US tech companies. Excess fat removal is necessary for any healthy human or in this case for any healthy company.
Pallavi Ji this time Tech layoff in US is really a serious concern . If US Tech market will not recover then this time Software Developer will loose their jobs as well.
This is the worst time that I am seeing in my 10 years of IT Recruitment.
India is an service base economy not like China manufacturing base.
If there is problem in Tech hiring in India then definitely it will impact our entire economy.
I hope now our government will focus to how to generate white collar jobs in our country.
Otherwise there is a great resssion will come in our country definitely.
This needs more views and attention... The workers make the world... Tax the rich!
I am an Indian working in the US. In my company we didn't have mass layoff but few firings here and there in 2023. We still hired in 2023 in my larger team. In 2024, there will not be any hiring, promotions are minimal, and seems like every VP has been given a target to fire certain number from their vertical. One of the member of my team (at a lead level) was emailed directly by the VP the night before to show up in their office first thing in the morning. They told the lead, you are laid off. Turn in laptop, badge, everything, and immediately leave. Then a security guard followed the person carrying a box of their stuff all the way out in front of everyone, takes them down the elevator, and ensures that they have left the building physically. It feels like you are being arrested and being carried off in disgrace. The lead had performance issues but in good times you could carry some slack. Now with tightening budget, you are fired.
We are just a number.. Also if an employee has been with the company for a long time. The company will fire the employee so the employee does not vest into the company pension plans.. also if the employee is older the company will get rid of employee so they do not spend it on higher health ins premium. all about the money.
I worked for Jack Welch when I was quite young. I can't say anything positive about him. He had a temper and most were scared of him. Relationship with him wasn't based on mutual respect. Your worth was based on what value he saw in you at that very moment. I lasted 10 years but saw a lot of turnover. However, you get to the point where you're making too much and you know you're on your way out. He liked to cut the people who were 2 standard deviations from the mean, income wise. Buy companies, suck the lifeblood out of them then spin them off. So many COE's today who can't drive revenue use this model. I won't even go into some of the accounting we did to meet the numbers. It was absolutely crazy. Glad I'm retired!
Keep your skills current, dont be a number in layoffs.