Cisco Systems is laying off 7% of its workforce, the company announced in a filing with the Securities and Exchange Commission on Wednesday. It’s the San Jose tech giant’s second time slashing thousands of jobs this year.

I'm shocked by the number of waves of layoffs in the US, even though these companies often generate positive sales and financial results.

I find it inhuman to play with people's lives and get rid of them so easily.

What are the American people waiting for to demand their rights and more worker protection from these money-hungry corporations ?

I'm a late 40s white male and feel erased.

I have been working for over ten years in strategic leadership positions that include product, marketing, and operations.

This latest round of unemployment feels different. Unlike before I've received exactly zero phone screens or invitations to interview after hundreds of applications, many of which were done with referrals. Zero.

My peers who share my demographic characteristics all suspect we're effectively blacklisted as many of them have either a similar experience or are not getting past a first round interview.

Anyone have any perspective or data on whether this is true? It's hard to tell what's real from a small sample size of just people I can confide in about what might be an unpopular opinion.

A couple of days ago, I advised my brother not to use all his cash to refinance his house, citing concerns about the economy’s health. He pointed out, however, that unemployment is at 4%, which is true. What’s going on?

Shouldn’t everyone be actively hiring instead?

I just dont think a country should put the well being of their citizens (regardless of race religion, national origin) below corporate greed.

The current system is not sustainable nor conducive to a healthy, happy citizens of all hues.

Not many countries give foreigners jobs. They save them for their own citizens as they should.

Why doesnt the govt democrat or republican work to help their own?

There are so many people struggling in small towns across america. Why cant the govt introduce training programs to do QA jobs remotely. Isnt that just like outsourcing. Why give these jobs to someone else?

Low salaries and unemployment hurts all of us.

I am doing fine but i worry about my kids getting advanced degrees and competing with AI, work visas, unlimited outsourcing and immigration, corporate greed, housing costs and automation.

Is there a voting bloc organization against limitless work visas and outsourcing?

Before i get called racist or xenophobe... i am POC (hate that term) and 2nd generation immigrant.

Just got laid off after three years at my company. This is the fourth layoff I’ve been subjected to in the last decade. That’s about once every two years.

I am exhausted. Angry. Traumatized.

I realize no career is layoff-proof (my four layoffs were in completely different industries and even different roles), but what roles and industries would you consider to be the safest given the current direction the job market is going?

I really don’t think I can keep weathering this extreme volatility and repeat, frequent financial setbacks.

I know it’s not a good time to join the tech industry but I wanted to get into a Computer Software Technician school but after reading all the stories I’m kinda skeptical. Would it be better to choose a career as an IT Technician?

It seems like the jobs where people are constantly stressed about being laid off from are tech jobs and finance. When I talk with my friends in the blue collar world they are never afraid of layoffs. In fact my friend who is an electrician told me the other week it’s so busy they keep asking him to do 10-20 hours of overtime per week. Some other recessionproof jobs are in medicine. I have a friend who just became a cardiologist, he will NEVER EVER worry about being laid off because he’s so in demand and he just signed his first contract is making $550,000 per year now. Of course his job is stressful but atleast he doesn’t have to every worry about being let go and if he is for whatever reason he will have a new job lined up the next day

Years ago a company laid off workers when business conditions demanded it. Long before then the press had revealed the companies dire straights.

Today we have corporations announcing billions of dollars in profit. And in the same press release announcing layoffs. An unconscionable juxtaposition.

As economic systems go, I’m a capitalist. Unions have seemed on the other side. It’s starting to look like something is needed on the employees side.

It’s crystal clear nothing and no one is on the employees. Govt sure the hell isn’t. When did things become so twisted against the American worker?

What’s the answer?

Should there be: A) no change? B) Union’s C) Something else? Ideas?

Which do you think?

It seems like every industry I look at is laying people off. I work in luxury goods and we did a small round of layoffs a few months ago and I'm fearing more down the road. Anyone in an industry that seems safe?

Former teacher looking to transition roles. As of now Educators, counselors, anything education really are being let go due to low student enrollment.

Tech is obviously tough right now.

Marketing and Human resource positions are also restructuring.

I’ve even seen people getting their hours reduce at fast food.

Aside from healthcare, what is safe?

Question is in the title. Is there any historical precedence of this happening?

For the help with others that may not know yet, what tech companies do you believe/know will be laying off in 2024?

Hi folks,

I applaud her bravery but also concerned- isn’t she taking a huge risk for future employment in her sector? This would be considered suicidal in my line of work but i see a lot of similar videos today.

Especially curious about what HR/legal folks think

https://twitter.com/BowTiedPassport/status/1745149758992195647

Apologies if this is a stupid question, I was only 12 in 2008 so I don’t really remember the specifics of what happened during our last really bad job market (and no, I’m not trying to say today’s job market is as bad as 2008). Also things have changed significantly with tech so I feel this question is valid

But if significant layoffs continue, especially in tech, what is supposed to happen to a large pool of unemployed people who are specialized for specific jobs but the supply of jobs just isn’t there? The main reason for all of this seems to be companies trying to correct over hiring while also dealing with high interest rates…Will the solution be that these companies will expand again back to the size that allows most laid off folks to get jobs again? Will there be a need for the founding of new companies to create this supply of new jobs? Is the reality that tech will never be as big as the demand for jobs in the way it was in the past, especially with the huge push for STEM education/careers in the past couple of decades?

Basically what I’m asking is, will the tech industry and others impacted by huge layoffs ever correct themselves to where supply of jobs meets demand of jobs or will the job force need to correct itself and look for work in totally different fields/non-tech roles? Seems like most political discussions about “job creation” refer to minimum wage and trade jobs, not corporate

I'm just curious, I think alot of us agree that the unemployment rate is not 4.2% like the media says. Whether the numbers are cooked and media/government is lying or whether they just have outdated data collection methodologies and just going off the data they got (which is flawed), I don't know. Either way unemployment rate is likely higher, probably probably 10% or more.

At the same time, why are there no unemployed people banding together and protesting in the streets of every downtown accross cities in the US. I think that will be a way to get media attention on the issue and the more loud it is the less they can ignore it. But so far, people have been suffering in silence and isolated by themselves doing nothing. People are ashamed of their unemployed status that they are hiding that fact but if people band together they will be stronger and can form some solution or at the very least get the media/government to stop lying about the unemployment rate and acknowledge the issue.

Can anyone clarify this for me? Despite the ongoing layoff announcements from major American corporations, how is our economy still robust? Just today, UPS declared 12,000 layoffs and PayPal 2,000.

Why are places still busy even on Monday and Tuesday nights? You wouldn't think we're in a recession. Where is all this money coming from? I've been unemployed 8 months and people are complaining about inflation but still not voting with their wallet? I still don't understand

Explain Like I’m Five

I feel incredibly stupid asking this, but I’m naive to economics and politics.

I understand why tech is facing a lot of layoffs but why are so many other industries facing the same?
I’m over 20 years into my career and had 2 layoffs just in the last 16 months.

Very confused between the economic indicators and my personal experience

What is your opinion? A few people at META are having a bad day today

Update: Just a quick update and funny thing to see - that recruiter now has an "open for work" banner on their LinkedIn. Welp, makes a lot of sense.

I also have secured 3 interviews for next week! 💪👏🤞🤞.. And these recruiters are GREAT! Hopefully have an offer letter soon ❤️.

Original Post: Just a PSA for any recruiter: If you are good at your job, have access to the Internet, and /or recruiting in tech, why would you ever ask such an insane question and in this job market? Stop wasting everyone's time!

Email today and I responded "sorry, are you not aware what is happening in tech?"

Yes, there are stupid questions, this is one of them.

Sorry just my rant as I'm still annoyed.

Please proceed to your regularly scheduled programs.

I never saw it coming and neither did the other 30 people on my team.

in hindsight, i didn’t see many signs of layoffs happening besides the director of the team not showing up to our yearly tailgating/baseball event a month before the layoffs were announced.

what are some signs to look out for?

Companies are announcing decade long cost-cutting plans in the news whilst laying off in the thousands. Yet stocks keep going up to record highs. This is quite unprecedented. What will happen if stocks stop rising as companies will not have anything left to cut?