Only chatting to someone about this kind of thing yesterday. Their company ”isn’t doing redundancies” but they have had 3 people from their team move job and the roles were never backfilled.
I’ve worked in large multinationals in the accounts/forecasting departments and can confirm at high level that this is 100% a choice made by board level exc’s. Should never happen but I doubt our government are going to take any action on it.
Galway1012 on
Surprised they didn’t make a song and dance about it
J-zus on
Not sure which is worse; mass layoffs at once OR the constant looming threat of redundancy
I previously worked for a company that did an arbitrary/sweeping ~20% wave of redundancies on a specific day in 2022, it was named and shamed in press all across Europe, it left huge gaps in the organisation and lead to chaos internally for several months as scope/remits changed – it was referred to internally as the “brand-pocalypse” and even if you “survived” the cull, you ended up with a stack of extra responsibilities for no extra incentive.
by comparison, a friend at the same time worked at a major tech company that was doing performance based “stealth” redundancies and just kept doing them for a subsequent 3 years (still doing them, even now)
eezipc on
Was speaking to a guy yesterday who was laid off by tiktok a couple of months ago.
He was brought to Ireland from another country (non eu) about 2 years ago. He worked for tiktok in his home country.
Now he is without a job and does not want to go back to his home country and is on the dole. He is actively looking for work but the problem is, there are not as many of those jobs around anymore.
I feel this is going to become more common in the next few months.
Jean_Rasczak on
All companies are doing this
They dont want big articles in press about redundancies so quietly are letting people go and just not replacing. If someone leaves the company then just not replace
This has been going on since covid
Substantial_Rope8225 on
This is happening in every company not just in tech
ComfortNo408 on
It’s already been stated that there will be mass unemployment in the tech sector by 2027. AI is the future and it’s already being used every day by everyone. Those help lines and talking to an actual person will probably be gone by then as well. All those work from home people will be staying there on unemployment. Computer engineers graduating in 26 & 27 are no longer guaranteed employment anymore and most will be holding toilet paper degrees. Where you think AI is, is not even close to what’s being tested at the moment. A trade won’t even be guaranteed employment by 2030.
FriendshipIll1681 on
This is happening everywhere, in tech it’s just people moving roles, ~10% of staff will move on annually, they aren’t being replaced, it used to be that people were moving because of better roles so there was a shortage of staff so loads of jobs with benefits/wages were going up, great for the employees. Now when someone moves on their role isn’t being backfilled in Ireland, when companies have other sites around the globe the role might goto a cheaper site or the Irish site might try to divy the work up amongst the staff still there, that’s to make the site look better and the hope that if (say) 10 jobs go that 2 openings will be raised in Ireland. Having low attendance rates on excel sheets will also make high real estate costs hard to justify so return to office will be pushed, if people don’t want to commute and resign then costs will go down on another Excel sheet.
There’s a squeeze happening EVERYWHERE, not just in 1 industry or country, MNC’s are pausing recruitment all over the world, unfortunately Ireland is in a difficult spot, we have great tax benefits so companies will want to stay here but that might be 1,000, 10 or 1 employee, might even just be a letter box, our well educated workforce means we have a high salary profile compared to other countries, we also have a lot more pesky employee rights than other countries. In my opinion the next few years is going to be a bit of a roller coaster, hopefully it won’t be as bad as 2008.
8 commenti
Only chatting to someone about this kind of thing yesterday. Their company ”isn’t doing redundancies” but they have had 3 people from their team move job and the roles were never backfilled.
I’ve worked in large multinationals in the accounts/forecasting departments and can confirm at high level that this is 100% a choice made by board level exc’s. Should never happen but I doubt our government are going to take any action on it.
Surprised they didn’t make a song and dance about it
Not sure which is worse; mass layoffs at once OR the constant looming threat of redundancy
I previously worked for a company that did an arbitrary/sweeping ~20% wave of redundancies on a specific day in 2022, it was named and shamed in press all across Europe, it left huge gaps in the organisation and lead to chaos internally for several months as scope/remits changed – it was referred to internally as the “brand-pocalypse” and even if you “survived” the cull, you ended up with a stack of extra responsibilities for no extra incentive.
by comparison, a friend at the same time worked at a major tech company that was doing performance based “stealth” redundancies and just kept doing them for a subsequent 3 years (still doing them, even now)
Was speaking to a guy yesterday who was laid off by tiktok a couple of months ago.
He was brought to Ireland from another country (non eu) about 2 years ago. He worked for tiktok in his home country.
Now he is without a job and does not want to go back to his home country and is on the dole. He is actively looking for work but the problem is, there are not as many of those jobs around anymore.
I feel this is going to become more common in the next few months.
All companies are doing this
They dont want big articles in press about redundancies so quietly are letting people go and just not replacing. If someone leaves the company then just not replace
This has been going on since covid
This is happening in every company not just in tech
It’s already been stated that there will be mass unemployment in the tech sector by 2027. AI is the future and it’s already being used every day by everyone. Those help lines and talking to an actual person will probably be gone by then as well. All those work from home people will be staying there on unemployment. Computer engineers graduating in 26 & 27 are no longer guaranteed employment anymore and most will be holding toilet paper degrees. Where you think AI is, is not even close to what’s being tested at the moment. A trade won’t even be guaranteed employment by 2030.
This is happening everywhere, in tech it’s just people moving roles, ~10% of staff will move on annually, they aren’t being replaced, it used to be that people were moving because of better roles so there was a shortage of staff so loads of jobs with benefits/wages were going up, great for the employees. Now when someone moves on their role isn’t being backfilled in Ireland, when companies have other sites around the globe the role might goto a cheaper site or the Irish site might try to divy the work up amongst the staff still there, that’s to make the site look better and the hope that if (say) 10 jobs go that 2 openings will be raised in Ireland. Having low attendance rates on excel sheets will also make high real estate costs hard to justify so return to office will be pushed, if people don’t want to commute and resign then costs will go down on another Excel sheet.
There’s a squeeze happening EVERYWHERE, not just in 1 industry or country, MNC’s are pausing recruitment all over the world, unfortunately Ireland is in a difficult spot, we have great tax benefits so companies will want to stay here but that might be 1,000, 10 or 1 employee, might even just be a letter box, our well educated workforce means we have a high salary profile compared to other countries, we also have a lot more pesky employee rights than other countries. In my opinion the next few years is going to be a bit of a roller coaster, hopefully it won’t be as bad as 2008.