/biz/ - Business & Finance

powell says jobless rate needs to rise before consodering a pivot. Bullish

Learn to co -ACK!

good fuck code niggers

>>52814444
this is just tech, what other industries are yet to experience cutbacks or already have?

>>52814480
i would say it's still a good advice but only if you actually like programming/scripting. thing is most people don't and they basically got into tech by being sociable. i mean just look at all the tiktoks being posted here in /biz/ - it's a daycare for adults. they are firing useless ones. i'm very lazy personally but at least i'm competent and people like me will be laid off once the uber normies are fired.

>>52814480
Learn to mine coal, codies!
https://www.youtube.com/watch?v=7PbFZVYwrL4

>>52814505
Finance Industry is laying off too, Morgan Stanley announced 2% cut, around 1600 workers

>>52814505
shipping, manufacturing and then retail

>>52814533
Well tech is in a huge bubble, it's time that we realize that most software is completely worthless.
Remember when apps where the flavor of the month?
The value of Amazon, comes from AWS, and the value of AWS comes from this very bubble. What do you think happens to the value of adds in a recession when none buys shit? Google, Amazon, and every start-up/scale-up that used to be the flavor of the month will drop.

>>52814480
i love code trannies when the swing on that rope.

>>52814533
So many people got into tech because they heard you could make good money and that the job was lax and you could wfh. But only those of us that work in IT because we actually do it for the enjoyment and the intellectual Interest are the ones that make it. I’ve been working professionally in IT since ‘99 and never once have been laid off, I survived the sitcom bubble, the 08 mess, and I’m in no danger of getting laid off now either.
where ever I go I make sure I’m the one that knows the most about the operations and can solve any problem that arises. I’ve done everything from programming to sysadmin, to infrastructure engineering. There are some nights I don’t sleep because I spend the whole night reading up on a top that interests me and then try to decide how I could leverage that to better what ever it is I am doing at work. If you work in IT and can’t jump From one IT field to the other you don’t belong in IT because you either aren’t smart enough or don’t have the enough interest in it to learn. It’s true though that this can be said about any career field, it’s also the reason I’m not a lawyer or a surgeon, I just don’t give enough of a shit about those fields to bother continuously studying them.

It's going to get much, much, worse. At my company we are already starting to integrate ChatGPT into our development workflows. Already reducing our reliance on offshore developers. Our company is planning on completely replacing cheap coding tasks with ChatGPT. Coding bubble is popping due to AI.

>>52815054
You think ad-supported content is gonna dry up?

THIS IS BULLISH FOR CHAINLINK STAKING

>>52815054
all i can say is that security and automation fields still have a lack of (competent) engineers.
>>52815114
yeah, agree completely. i've only worked in tech for 4 years but i also share this sentiment. still, the stuff i'm paid for and stuff that interests me isn't quite the same. maybe i'm just too young and haven't gotten over my linux phase.

>>52815227
Don’t ever be over your Linux phase, there’s tons of money to be made if you’re a good Linux sysadmin. So many people say they know linux but experience has taught that maybe 20% of them do. Even a lot to ‘senior’ people I know fumble around in Linux and run random commands they find on exchange not really understanding what it is they’re doing. Just keep studying and learning everything you can and you can easily make it in IT.

>>52815227
Linux will continue to grow in importance as Corporate America and Microsoft continue to fuck themselves up with unhinged greed.

>>52814804
Absolutely fuck all, attrition is way higher

>>52815054
Actually, what does this mean for virtual servers? Do their costs drop, or do they just close down or downsize while offering the same or higher rates?

>>52814444
My company is hiring and growing. Organic.

>>52814444
>more then
>then
why do so many people suddenly make this mistake?
>then = adverb, at that time or after
>than = conjunction, comparative (bigger than)
>more than = idiom, to a great degree

Bullish, pivot+QE imminent

>>52815227
Warren Buffet has a quote that I always think about have applied to myself over the past 25 years working, and it’s this
> "The best investment you can make is an investment in yourself." The more you’ll learn, the more you’ll earn.”
This is the most true statement ever said. Even more so in IT because the field is ever evolving and there will always be new languages, hardware, protocols, OS’s, and other technologies. You never stop learning.

>>52815425
has it gotten more difficult to learn about new concepts with age? i feel like when there is some fundamentally new piece of technology or method of doing things i might get filtered. the brain plasticity meme has spooked me but i quite enjoy learning in general.

>>52815420
They overdid it with stimulus in 2021. If they pivot now the housing market will rebound and make new highs, driving up inflation back to 15% in 6 months.
The only thing keeping things afloat is student loan repayments being delayed indefinitely. Taxes are also higher now.

The fed's job is to boil the frog slowly. They went too fast and they need a short bout of deflation so they can start printing again.

>>52814444
didn't most of these places hire a fuckload of employees during the pandemic and now they basically just fired, not even all of them, but a portion of them? didn't META for example hire like 30k people during the pandemic tech boom and they're laying off like a third of that?

>>52815478
No not at all. There is so much to learn though that you will eventually have to focus on just a few things and be an expert at those, and everything else you will just be generally knowledgable about. My focus is on Linux (all flavors), virtualization, large data storage, and some networking. I still program in a few languages but it’s not a primary focus of my career theses days. You’ll naturally gravitate towards the things that interest you most.

>>52815596
Yes. Businesses often don't hire on what they need, rather on what they can afford with their profits.
2020 boom in profits, = more hiring.
Coinbase is the best example they got a huge surge of profits so they massively hired people. Then suddenly they had to call people and tell them they weren't hiring them.

It's a tale as old as time and businesses never learn from their mistakes.

>>52815626
"Nepotism" is the cause. People within company seeing big profits are looking for hiring friends or family members

>>52815622
i see. i thought that could be the case. thanks for your insight, anon.

I'm a senior software engineer and typically get like 2-3 messages from recruiters every day on linkedin. For the last few weeks I was getting fewer and fewer and during the whole last week I only got messaged once. I was about to start looking for a new job because I got bored at my current one, but in this market I feel like I should really cherish what I have - I get paid 5x more than my (smarter than me) wife, and I don't really have to do anything most days, I just show up on some calls and say I'm "fixing a bug"

>>52815790
same. honestly it's kinda surreal. i literally day trade the open every day at work on my phone and no one gives a shit. i can't believe they keep paying me, yet i've been doing this for years.

>>52814444
Thank you, very cool. Also checked

>>52814444
(and that's a good thing)

>>52815790
Not a senior but got moved to a different project 3 months ago and haven't done fucking anything since. Fully remote, I just log on to the daily at 10:30 and then play vidya all day.
Previously I had to work at least 1-2 hours a day, but now I'm literally doing NOTHING. I don't even know how this clown economy works anymore but I will sure as shit ride the gravy train until the very end.

>>52814444
Its funny, ESG is going full tilt with autos. Big money being dropped in those eager to adapt...

Honestly I hope 80% of tech get laid off. Useless industry, the Amish have always been right, I hope the internet gets turned off and I never have to talk to you niggers again.

>>52815969
do you at least spend time learning/keeping your skills up, for the day it does inevitably end and you have to actually work again? honestly i've found it nice to be able to pick up a lot of extra skills and education for myself, essentially on the company dime. i like learning anyways, but it's also nice to have a Plan B in case SHTF at some point. so i don't do shit as long as i can get paid to do so but im ready in case i need to at some point, you know?

>>52814444
Sucks to be American. Meanwhile the tech sector is massively growing in Australia/South East Asia.

>>52814480
I went from being an unemployed neet to getting a $260k software engineering job at a big tech company last month by learning to code

>>52816155
no, but i definitely should, you're absolutely right.
as much as I like working from my own apartment shit just kind of blends together and I don't even realize how quickly another day is gone without me having done anything.
I'm basically catapulted back to my 2 NEET years before I went to college and started working full time. Having a regular schedule at school and when I was still working in an office kept me afloat, as much as I hated it at times. I only spent a year in the office before the coof hit though.
Now I basically live like a NEET, only while being formally employed and getting paid for it. In a way it's living the dream, in another way, it's soul destroying. I should use all this free time for something useful, but I don't.

>>52816224
what are you coding?

>>52816246
Leetcode questions

>>52816241
>In a way it's living the dream, in another way, it's soul destroying. I should use all this free time for something useful, but I don't.

you really should. sounds like you realize this at least, anon. start today. don't be like Notch who has $2.5 billion and is depressed and lonely in his $40 million mcmansion. if you're all set financially and have tons of free time, pursue your passion. if you don't know what you're passionate about, well, go fucking find out. you certainly have the time and the means. try a bunch of shit that interests you and stick with it for at least a month, then if it's not working out move on to something else until something sticks.

personally i'd suggest something creative. im a musician, myself. make something. create something. bring something into the world that originated as just an idea in your mind. i find this to be very fulfilling. also going for walks in nature every day is really nice, i do that a lot. get outside every day for at least an hour. meditation is a great practice to start up on a daily basis, learn to control your emotions and quiet your mind. philosophy and psychology and history are all great to study to learn more about yourself and why you wake up every morning. but i mean, damn, do SOMETHING if you have plenty of free time and money, if for no other reason than out of respect for all of the people who aren't as lucky as you or i. if we can't be happy, who can? you have FREEDOM. it's up to you to decide how to use it. if it's soul destroying to you (and it is), then figure out something to do that is the opposite. and if you don't know what that is, well, you've got plenty of time to figure it out. but you have to start as soon as possible and keep on it, today if possible, tomorrow if not. don't put it off or you're end up depressed and miserable no matter how much money or free time you have.

>>52816259
no i mean at your $260k SE job? and what language? also i assume you must be living some place like california if you're making that much.

>>52814505
Probably finance/banking. HSBC are cutting jobs and closing a bunch of their branches in cost saving measures. After that it will be manufacturing. Energy costs are going to rape manufacturing in most countries. Then probably shipping and retail as the manufacturing cuts see fewer goods shipped and sold. Global recession inbound.

>>52816315
Language doesn’t really matter as long as you know one backend language python/Java/c++. It’s in nyc

>>52816396
>It's in nyc

same shit different toilet. what project are you coding for work?

microsoft support engineer here
you can't be layed off when your job is useful

>>52816306
Thanks fren for taking the time to write such a long and nice response to my post.
You make some really good posts. I used to play guitar in my teens and I really liked playing music, maybe I will pick that up again and buy a piano, too. I also used to play tennis, but I'm not sure if you can join a tennis club again if you're already 26 and haven't played for 10 years but lets see.
I made a couple of small Angular apps but they were all copies of existing stuff. Maybe I will think of my own board game to make in Angular. Could be a nice addition to my portfolio when SHTF as you said.

>>52816463
Why is his eyes going in different directions?

>>52816489
np, anon. WAGMI. just recognize the opportunity you have in life that most other people don't. hell, watch some documentaries on how others live in shitty situations, both historically as well as modern day. this one really got to me, for example:
>https://www.youtube.com/watch?v=lJ3f3jsfnVc

that could be you, if you were born there instead of being lucky enough to have your own life. if nothing else, always be grateful and legitimately sit down and think deeply about what you are thankful for in your life. that alone can inspire a lot of happiness, being grateful and remembering all of the good things in your life. you have a privileged opportunity, don't waste it. who knows what happens after we die, all you can deal with is how you live this one imho. as long as you're generally a good person, i think that's good enough.

Any 3rd world niggers working in tech? What the fuck is the point of even working here when the pay is shit. Only place where tech is comfy is in NA

>>52814533
yes. CS requires a lot of self-study and natural interest and this "women/non-white in STEM/who cowde" shit is pushing otherwise useless, sociable type A personality people into this. they inflate the numbers, give the budgets a run and get carried by the competent programmers.

also these "tech" jobs are primarily for social media or these startup companies that service volatile business models catering to lazy shitheads. they never added anything productive anyway, the exception here being amazon.

good on the amazon people cutting alexa, fuck smart assistant three ways from sunday, don't need to integrate that shit into my door locks and light switches to live.

>>52816650
ill bet you bilzerian had the bitch on his head singe his asshole hairs off with that lighter after they shot this.

>>52816463
Microsoft software engineer here
No, I won’t respond to your ping on teams
Yes, you will get cx angry at you

>>52815143
Streetshitter bros... it's over.

>>52816939
>implying i ping SME / SEE

i just email your manager and you know it, give an action plan and faster little bitch

>>52814444
Every tech leader had early access to chatGPT
Codecels are no longer needed

>>52817408
not bad

hum

you guys are all losing your IT job soon

Data is worthless and tech workers will become less valuable to people as society realizes ai is the great filter before our collapse and we wasted our mental energy on a pointless project instead of advancing physics and geology needed for space and deep ocean exploration. Computer science does not have a scientific method.

>>52815413
because their ESLs who never read a book in there lives

They aren't laying off that many people. Nothingburger. Reminder that the US economy WILL have a soft landing in 2023 and SPX will hit 6k mid next year while bears cry over missing out

i love this job

>>52817528
>people can ask a chatbot questions instead of googline them like majority of people in tech have been doing for the last 20 years
kek.

>>52817534
>their

>>52817573
normies can't even do a google research, you know it right?

>>52814444
Cool anon. Thanks for this post
Now post how many individuals were hired in 2020-2021 while the money printer was on at all of those companies.

I'll wait.

>>52817574
another ESL baited. a diamond dozen

>>52817528
>>52817506
>>52817484
Okay go on and run those commands, hope nothing goes wrong!

You'll figure it out sooner or later

>>52817614
they are totally okay
better than having a pajeet giving you commands with broken english via phone

>>52817629
>while true:
>sleep 600
you could have easily googled any of these questions, google didn't take anyone's jobs

>>52817531
It doesn't need to because Computer Science is a branch of mathematics and follows the much more rigorous mathematical proofs

>>52814480
I got laid off one of my wfh jobs last Wednesday. Already applied to a few dozen more since then and had another job already. A few layoffs aren’t going to affect anyone with a good skillset. The job market is 2 jobs per person right now, that’s almost unheard of.

>>52814444
Jeep announced today it's closing the Cherokee plant in Illinois Feb2023 permanently. Laying off 1300++ people

>>52817614
>>52817629
It's alright, it's an alternative to google and stackoverflow. It's what programmers have been doing for years now anyway, googling answers. It's why I'm trying to specialize into SaaS but it's hard to get into the first step since every company wants experience in whatever platform they're using.

It's what I've been noticing in the industry for the past years, not everything needs a codecel solution.

Tech us only 2% of total jobs

>>52817531
An education in computer science provides zero value beyond preparing you to land a wagie job that pays slightly higher than other university degrees.

The true value in a computer science degree is in learning the high level concepts and being able to organize a team to create services that you can monetize. Very few computer science degree holders will ever get to that point mostly because of poor social skills, lack of leadership skills, and obsession with details instead of looking at the bigger picture.

That being said, a computer science degree is nothing special. Similar success/competency could be achieved in the "tech industry" by studying pretty much any STEM or business degree. None of these degrees will give you the full set of tools you need to succeed in the real world. The programs are designed to get you a wagecuck job so the college can brag about it's starting salaries of its graduates.

>>52818086
> Very few computer science degree holders will ever get to that point mostly because of poor social skills, lack of leadership skills, and obsession with details instead of looking at the bigger picture.
This is true, had worked with someone who was pushing their codecel solution to the project, a problem which can be solved by keeping it simple and just doing a couple of configurations. The best solution at that time was just saying no to the client request because pushing their request would create more problems in the project and the importance of the requested feature don't outweigh it.

>>52817484
Average age born in 1992 is just age though. A human will spot that.

when 4chan lays off jannies.... then you know shtf

>>52815880
>>52815969
>>52815790
Man reading this shit is so demoralizing
I wish I had done anything but mechanical engineering. I will never have a wfh job
I will never make a ton of money
Even if I learned this shit the industry/grift will collapse the second I learn enough
It's just fucking over, just fucking over. I can't compete in life with people like this running around there is just no way.

>>52816241
whats stopping you from packing a bag with your laptop and start traveling. thats the first thing i would do if i could work from anywhere. as long as you have wifi, or a data connection through your cellular plan it shouldnt be a problem to work from a new place every other week.

>>52817598
baste

>>52819382
I think the “literally just vidya all day” is on the LARPing side.
It’s either going to show in his performance review, or he’s in a startup that got flush with cash (e.g. that twitter has red wine on tap video) or in the midwest on $50-$90k per year.

>>52815880
>>52815969
>>52815790
how much are you fagets making?
I’m at $370k TC

Intel cut like 20% and is still cutting.

>>52815143
>>52814444
I'M SO FUCKING HAPPY. I hope all shitniggers go the fuck back to India or become wagecucks or starve in the streets of New York and California.
Piece of shit leeches. I hope Microsoft starts laying off, especially Microsoft and Google.

>>52814480
Learning to code and getting hired without a degree was viable in 2008+ UNTIL NOW.

I wonder if Solidity scripters hehe "coders" will also bite the dust when GPT-4 learns to code Solidity which is just C with Javascript, not even Java.

>>52817506
Why use Python and not Powershell? 10-minute AD Delta sync is too frequent anyway, no need. How many domain controllers are there anyway? What's the layout? This is the same as just fucking googling the answer, but you don't get to read comments from users on stack calling you a faggot and explaining why you're a faggot. "programming" is not hard, just fucking google it. Not being a fucking retard, now that's hard, and "AI" is a tool like other tools. A retard with a tool is still a fucking retard. I'm not worried, there will always need to be someone there to fucking google the answer and not be a dumb nigger.

>>52820478
i ask stupid things to the AI

>>52820696
Try asking this:

Write a PowerShell script that looks at the time until the next AD sync and if any changes have been made inside a specified OU $OU. If the time until the sync is less than $TTS. This is to be run as in CLI after changes have been made in AD as ./syncIfNeeded OU=India 10

param(
[Parameter()]
[String]$OU,
[String]$TTS ##Min minutes until sync.
)

I would be interested to see what it comes up with.

>>52814444
Amazon, Twitter, Netflix and Facebook are the worst places to work at fagman.
Microsoft and Google have the highest statisfaction among employees and don't squeeze them too hard.

>>52819382
is this the mechanical engineering poster?

>>52820763
>>52820696
Oh, I forgot something, after "sync is less than $TTS" add ", perform a delta sync."

>>52820763

>>52820823
this AI will steal your job you pathetic incel IT faggot codemonkey fatass mutt bitch cuck

>>52820855
Lol thanks, can you copy all of it and post it? it cuts off after the TTS calculation.
It also did not use command line arguments for user input and just hardcoded it in there, but it's on the right track...
>>52820861
Also, who the fuck is going to run all of these queries? Another AI? Or maybe the fucking IT guy using this to make his life easier?

>>52820896
can you just do it by yourself?
i will not wait 3 minutes to upload 3 screenshots
fuck your mother

>>52820942
Yeah, typical user... You're going to need to send that to the helpdesk if you need more assistance. But, the "copy code" button is on the top right, and you can click that and CTRL+V it into your next post.

If these AI's really take everyone's jobs then who's going to buy the goy slop and newest model iFagSwitch. Tools make work easier, people will use them to be more efficient and it's not something to fret about. We are getting pretty off-topic... People getting laid off is normal. Once prices dip and consooomers start buying the excess inventory and driving prices back up, companies will need to hire staff to develop new products to compete for and satisfy growing buyer demand. AI developers and integration specialists will work alongside current staff to compete in the industry. Just buy the dip.

>>52814444
Checked.
Friendly reminder that major companies like Amazon hired hundreds of thousands of new employees in 2021/2022. These layoffs are nothing.

>>52820942
I just spent an hour on this and your right, this is for sure going to take my job, I'm fucked.
I can't even flip burgers because that will be automated too, what do I do?

>>52815054
No shit.
We had 30 odd years of very low interest rates where all the money got pumped into tech, to the point where “learn to code” became a meme in and of itself for how tech was often seen as the only viable industry to be in anymore.
Now interest rates are going back up inexorably, meaning all that excess liquidity and money that was being thrown around in the economy is going to be drained away.
Will tech die?
No, absolutely not.
But the first to fall, as usual, will be the overleveraged and those who thought the line would go up forever.

>>52816607
He's just keeping an eye on each of his bitches

If you got pussy you'd understand.

>>52821580
Kneepads.