字幕列表 影片播放 列印英文字幕 The tech sector shed more than 386,000 jobs in 2022 and the first half of 2023. And that number is climbing. Google today joined a growing list of tech giants scaling back, adding to the tens of thousands of workers in the industry who find themselves unemployed. It is Amazon doing another round of layoffs. Mark Zuckerberg's year of efficiency back in focus this morning after another round of sweeping layoffs and job cuts. The email that was sent out in the morning to everyone in the company basically saying, 'Unfortunately, your role is impacted.' And that's how I found out. And then they pretty much shut everything off at the end of the day. I was on the committee that was hiring new college grads. It was like thousands and thousands of applications for maybe like 10 or 15 spots. But I thought if we're still hiring new college grads, clearly the company is fine. Why would we hire new grads if the company were going to do layoffs? Known for its boom and bust cycles, tech has seen its fair share of layoffs in recent decades. More recently, the industry has faced headwinds related to the crypto crash and the failure of the Silicon Valley Bank. Job postings for software development positions, they're down closer to 60% year over year, and they are actually below their pre-pandemic levels. So we've seen a much starker pullback in hiring for software development, which is a lot of tech jobs. But while layoffs have tax retrenched workers, a booming artificial intelligence market is giving the industry a renewed sense of optimism. I have been in San Francisco for almost 12 years now, and I have never felt this kind of energy. And I was here for the mobile boom. I worked at Uber, which I think was the one company representing that mobile explosion. And I can tell you it was nothing like this. Every cafe, every restaurant, every conversation that you overhear in the street, half of the time it's ChatGPT, it's AI, it's the latest company that is being funded. It's accelerating. Generative AI startup deals announced or finalized in the first quarter of 2023 totaled more than $12 billion, compared with about $4.5 billion invested in the space in 2022. Amazon, Alphabet and Microsoft have also made massive investments. The U.S. tech industry accounts for 10% of the nation's GDP. It employs roughly 12 million people who work in more than half a million companies. Those businesses are concentrated in a handful of coastal areas, including San Jose, Washington, D.C., San Francisco, Boston and New York City. So how have layoffs impacted tech workers, and what will the AI boom mean for their future? The pandemic and ensuing lockdowns brought the U.S. economy into a tailspin in March 2020, forcing businesses to shut their doors. By May, 23 million Americans lost their jobs. The unemployment rate surged to 14.7%, the highest since the Great Depression. But tech companies face a different climate. Remote work and cloud computing meant more people were pivoting towards online services, boosting revenue. Spurred on by rosy predictions and lower interest rates, Microsoft, Amazon, Salesforce, Facebook parent Meta and Google parent Alphabet went on a hiring spree. Meta had about 72,000 employees at the end of 2021, more than 60% higher than 2019. Alphabet had more than 190,000 on staff at the end of 2022, 59% higher than 2019. But after years of unstoppable growth, Big tech's pandemic bubble burst, forcing tech companies to trim their rosters. I want to say upfront that I take full responsibility for this decision. I'm the founder and CEO. I'm responsible for the health of our company. Carl Wheatley, a recruiter for Meta, grew up in the Bay Area and spent four years working for the social media giant. Meta laid off more than 11,000 workers, or about 13% of its workforce in November 2022. It announced a few months later it was reducing its headcount by another 10,000 employees. I was talking to my family about it. They grew up in the Bay Area. They've been through multiple layoffs over the past. I think for our age group, I would say this is probably one of the, I think, biggest downtrends for layoffs. Other companies quickly followed suit. If you want to think about a company that overbuilt during the pandemic, I'd say that Amazon is the number one company that overbuilt. Where is, where are the cuts? Amazon announced in January 2023 that 18,000 workers were being laid off. Two months later, it said an additional 9,000 positions would be trimmed. That same month, Alphabet cut 12,000 jobs or about 6% of its workforce. I thought, 'Holy crap, I've finally made it. I'm working at probably one of the best companies in the world and I'm making an amazing salary and I have longevity. Like I am good for many, many, many, many years.' Paul Baker, a video producer in tech, worked at Google for six years. We all got this email early in the morning on January 20th. It just it just hit me like a ton of bricks. I actually froze going, 'Wait, is this for real?' I opened my work laptop and it says, no, access denied, no passwords are working. So I had to look at my personal laptop, which had an email from them stating, 'Hey, you've been officially terminated. We're giving you two months notice, but you're cut off. You're banned from going to any Google office. You cannot contact anyone, like, nothing.' Company leadership was in a far different position. Alphabet CEO Sundar Pichai's 2022 compensation, for example, was worth $225 million, about 800 times the pay of the median employee. The company's stock has continued to climb since the announcement. Other companies in the space that made cuts to their workforce include Microsoft, Salesforce and SAP. While tech layoffs have been painful, the blow has been cushioned in many cases by generous severance packages. Recently laid off, Google employees in the U.S. received 16 weeks of pay, plus two weeks for every year of employment. Salesforce employees received a minimum of nearly five months of pay. Stephen Campbell, a software engineer, was laid off from Airtable, a cloud-based project management service, in December 2022. One night I stayed up especially late and woke up to a bunch of Slack messages saying, 'Are you safe? Are you okay?' And I thought like, was there an earthquake in SF? Like, what's going on? Obviously I'm safe, I feel fine. And as I woke up a little more, I thought, oh, no, like, I know what this is. And so I like opened up my work laptop and I got a notification saying, like, 'your access to this laptop will end in 30 minutes.' With help from a severance package, Campbell co-founded two new businesses. Revamp AI uses machine learning and generative AI to get insights into customer datasets. His other business hosts in-person events to discuss the future of generative AI. The thing about generative AI in San Francisco right now is that there's similar buzz to crypto, right? There's all these meetups, which I'm fortunate to throw some of them.