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368,132 Views • Feb 26, 2024 • Click to toggle off description
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Timestamps:
0:00 - Mass Layoffs
2:03 - Vanilla CEOs
6:06 - What Happens Next
9:55 - The Inevitable End
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Views : 368,132
Genre: Science & Technology
Date of upload: Feb 26, 2024 ^^
Rating : 4.904 (219/8,911 LTDR)
RYD date created : 2024-05-16T19:05:50.310186Z
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YouTube Comments - 805 Comments
Top Comments of this video!! :3
They lay off these people because they can rehire them later for much less money when they become desperate for a job.
2K |
I recall a quote from several decades back "General Motors got in trouble when they started thinking that their shareholders were their real customers"
1.4K |
None of those companies were financially stressed. Not one. Greed is the only reason behind these massive layoffs.
677 |
"Gen Z is entering the work force watching mass layoffs and it will impact them forever."
Same here, as an older millennial, I came into the work force in 2008 after college. If I can offer one tip it would be this: choose a direction and keep going no matter the context. Whether it's software engineering, accounting, medical, whatever. When the dust of the issues clears, you'll be ready to grab the opportunities that arise.
951 |
As someone who worked for 13 years at 5 different companies in 4 countries, my advice: Work for yourself and only yourself. Make your job your skill playground and keep learning until you feel the job doesn't give you anything anymore then move to another job. Never fall for the trap of promises your managers tell you like "if you work hard you'll get ahead in corporate ladder." There is a lot politics and economics happening behind the curtains that won't get you that 20% raise or new senior role. If you really want to climb this ladder, learn politics instead and be with the right team and right boss.
Remember, being a hard worker means more work for you. Getting promoted means much more work for you. Anything they give you, they want at least 3 times in return. Value your work-life balance and don't burn yourself for a company. Be always prepared to be laid off and expect the worst.
On the other hand, be honest at work and leave a good mark. Believe me, reputation both good and bad goes around.
250 |
Vanilla CEOs are the type of people to think they're playing 4d chess, while holding a deck of go-fish cards
97 |
This is one one the greatest problems with companies. We don't have leaders who have the spine or brain to stand up to investors and say "This is what's happening, this is how it's happening, if you don't like it get off the ship" Huang and Su have both been great CEO's because they put the business and product first, not the investor's short term feelings. You can't run a long term business on pure short term results.
551 |
This is more of a reason to never be loyal to companies.
239 |
I worked at Klarna, Klarna hired me from my good job in a different continent. The company moved me to Stockholm Sweden and laid me off after 3 months.
66 |
Robots may Replace you. But Androids don't buy Android phones😂😂😂. They buy nothing.
376 |
"Intel CEO is salesman" - oh, NOW i undertsand why you have to completely replace motherboard for each new CPU.
160 |
Layoff is management failure Not employees failure But unfortunately employees are Layoff 😢😢
71 |
Genius was definitely way too strong of a word here. CEOs are just the face of all work done by the many people under them.
41 |
Vanilla CEOs are MBA CEOs. Only founders are true leaders and visionaries. The moment the founders leave a company, the downfall of the company starts at the hands of the MBA CEOs.
34 |
Corporates try to please their investors by doing a layoff which in turn demotivates the remaining employees and creates huge anxiety among them and their dependents. This creates a negative outlook for the entire economy causing recession. Corporate greed for short term gains has been one of the reasons why some companies fail despite having good potential for growth. Hence it's high time corporates actually started fearing greed and instead focused on building good quality products and services which will eventually give long lasting success. Period.
211 |
If these CEOs are so braindead they're ironically quite ripe for automation. I don't think it's that difficult to put together some LLMs that can read company reports and news for the day, then output decisions to be made with the sole objective of pleasing shareholders. In fact you might not even need AI at all.
118 |
I've been part of 4 layoffs. I just see jobs as temporary. I never expect them to last more than a couple of years.
111 |
This is why companies should use dividends to compensate shareholders, instead of share price. Placing importance upon dividends provides an incentive to maintain long term profitability. Unfortunately the tax system punishes a dividend based compensation scheme harder than capital gains.
114 |
I never understood why these companies lay off engineers when they can cut bonuses for high executives instead.
76 |
@username7763
2 months ago
I've been laid off once in my career and I still have nightmares about it. But it taught me an important lesson. When your CEO stands up and tells everyone to work harder, be more efficient, make more money.... ignore it. Yes, work hard and do a good job. Take pride in what you do. But layoffs are beyond your control. We were doing well and had a good team but that wasn't factored into the decision at all. If you fail, your company might have layoffs. If you succeed, your company might have layoffs. If your CEO decides to buy another company, you might have layoffs. They goad you into free overtime saying it is important and then cut your job when you get it done.
1.8K |