Tech industry layoffs continue despite increase in hiring in January 2023 jobs report

Yahoo Finance Reporter Alexandra Semenova discusses the apparent disconnect between the wave of recent tech layoffs, and the number of available positions in the January 2023 jobs report. Segment is from February 7, 2023.

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#yahoofinance #shorts #layoffs

[JWLuke]

What types of jobs are hiring? If its all low end service jobs, we all know what that means.

[wanderingknight]

Full time employees are dealing with low wages having to acquire 2 jobs to deal with high inflation.

[kristinamelnichenko]

All the hiring is in low, paying service jobs.

[safeandeffectivelol]

Laid off by Google and hired by Starbucks.

[ctjmaughs]

They never break down the quality of jobs created vs destroyed

[nickzema]

Tons of crap jobs added to replace many good ones gone.

[Sindoku]

That still doesn’t explain the new jobs popping up though. If it’s the end of corporate stimulus then there should be less jobs. I guess we can’t believe anything the news reports.

[bigbanknewyork]

All these tens of thousands of jobs are on 3-9 months severance which expire in September 2024.

[sanujitroy]

IT started with quality and gem people, after Y2K

[elaishh]

December 16, 2022
“The Biden administration vastly overstated its estimate that employers created more than 1 million jobs in the second quarter of this year, claiming historic job growth when in fact hiring had stalled, according to a new estimate.

Job growth was “essentially flat” in the second quarter with only 10, 500 jobs added, the Federal Reserve Bank of Philadelphia said.”

[superblondeDotOrg]

Tech jobs are overhyped and overfocused by the tech-heavy news journalists. that explains it.

[Anonymous-zvsb]

Peloton Layoffs - 7/13/23
As many of you already know, we have also appointed a new leader for the function. Dawn Spring, based in our Plano, Texas joined Peloton in June, as Senior Vice President of Global Member Support. Dawn, who is reporting directly to me, is an experienced global leader in customer service and support, bringing more than 25 years of experience to our team and Members. She will focus on further enhancing the support function and our structure to improve both our Member and team member experience.
As we have advanced Peloton’s business and our supply chain operations, we have continued to look for additional efficiencies in our Middle Mile operation. In that regard, we have decided to close our Houston, Texas distribution center as well as consolidate the Perris, CA and Hesperia, CA operations into our current Hesperia, CA warehouse.
These critically important business decisions have personal impacts on our team members that the Lead Team and I do not take lightly. There will be a reduction in our Member Support workforce, including the proposed closure of our Cork, Ireland operation. With our distribution center closure and consolidation, team members across those locations will also be impacted.
It is always hard to lose colleagues, but please know there was careful consideration given to these changes. I want to deeply thank those impacted team members for their contributions to Peloton.