My friend works at a large electrical company who have been building out data centers in CA and TX. A lot of their projects have been delayed or frozen, along with much of the hiring they were doing. The unofficial consensus is that this is the AI bubble bursting. They've had a productive few years, and earned a lot of money, but they knew it wasn't going to last. The good thing about blue collar workers is that they have a better sense of reality than white collar ones.
Can you imagine the sheer amount of spin and bullshit needed to make that acceptable in a manufacturing environment? Not just a bunch of people sitting at computers, but entire factories and supply chains working 24/7?
This bubble is going to be significantly worse than the last. I’m starting to see that the tech industry has long ago peaked.
That’s my situation. A 3 month job hunt ended with me taking a much lesser role with a 25% pay cut. It was literally that or continued unemployment. I’ve essentially lost 5 years of salary increases and 7 years of career development. Companies are probably happy about this current situation. They can hire more experienced staff for less, and not worry about them finding a higher paying job later on.
Anytime there are mass layoffs like this, I like to look at the company career page and revel in the HR horseshit they jam down everyone’s throats: https://www.oracle.com/careers/
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