The direction the economy is heading and the realistic possibility of a recession will only make the already tight tech job market even worse. Yes, I’ve been updating my skills and have been diligent in looking for other opportunities, but when sh-t hits the fan, none of it will matter. These layoffs have mostly been by the numbers, and the next wave will likely be worse.
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You don't have a choice. If you don't join the tech, the tech will join YOU.
You will be assimilated!!
Life is horrible in tech jobs even if you like tech.
Now even the money equation is already looking bad, certainly in future its going to be bad. Many grads are not able to even get a job.
Few lucky ones who were in right place at the right time made enough to retire early. For rest of tech workers its just mental labor.
Now tech is taking over people lives by manipulating teen brain and it has become somewhat dangerous to society. With AI it may turn out to be horrible to people.
No new people should join tech anymore. There are far better things/jobs life has to offer.
The older I get, the more people I see leaving tech after 20 or so years; the more I realize I don’t know anyone who is content or happy having sat at a desk for 8 hours a day. Even if it’s truly a passion, it’s definitely not a healthy lifestyle at all. The human body and mind were destined for something so much greater. So grateful to have stepped away. Once you can step away, you truly see what you’ve been missing and where your passion may be.
Some can live off their bonus, apparently.
As if the tech market wasn't already bad enough
Well I guess it just sux2bu@oracle.com
Fun fact...there are jobs that dont require you sitting 8 hours a day at a desk. Check them out.
Am I sensing it right?
What is the reading of current job market situation from your perspective?
You are sensing it right. Most folks got into tech because they were told how rich the job market is, how good the pay is, blah, blah, blah. In fact, most tech work is now commoditized. Everyone and their grandmothers have tech skills these days and tech is a bad place to be since 99% of workers can't differentiate themselves and don't warrant high salaries.
Re: opportunities that still exist out there
Biotech, genetic research and related ops, traditional advanced engineering disciplines like engineering physics all look good. Finance looks good as do private equity and other late stage capitalism and/or investment ops. Lots of areas out there where you should consider refocusing your energies.
I am seeing slow layoff's across companies. Many of my friends in Bay Area are silently getting laid off. I am feeling nervous!!!
Am I sensing it right?
What is the reading of current job market situation from your perspective?
What job roles are in demand? Any pointers?
Oracle is a Multi National Organization that values all of its employees. Phrases like 'you shouldn't be here would only apply to extra terrestrials!
If you have a problem with our govt making their citizens safe you truly aren’t American and maybe shouldn’t be here. Man. Sad how many anti American wimps we let in here.
again....your investments go up....and you're happy....all me-me-me....what I love is what ICE is doing. taking the trash out. scary scary people were brought here. Thank God for DJT.
He has senses?
DJT see's reality and comes to his senses!
Sure...blame the robots. hahhahhahahahhaa. Pick up a hammer and some nails. Go to work. soft hands.
It's funny. I have come across a few of you folks in my travels. Me, Me, Me. If you didn't know, the U in USA stands for united. If you want me-me-me, maybe move to an island. Maybe also watch the news UK, Japan, Argentina...all working on deals with us. Kier Starmer actually applauded Trump; we want to stop globalization in the way countries are relying so heavily on other countries (a good thing). It would be a great thing to have countries be sustaining their own people. Globalization can still be good for exchanging ideas. And....fun fact....you can change where your pre-tax $ goes any time you want. It may take 1-2 weeks for recordkeeping/paychecks, but no one said you had to go all stocks. You could easily have done stable value fund this year if you were worried. Ahhhhhh. I love the fact I worked at a tech company after I already had my investment education. It allowed me to not have to work for terrible managers doing terrible work that no one cares about. hahahahahahhahahaha. so much of Oracle work forgotten in 30 days.
AI + Recession = Tech job catastrophe
I dont know what but time to leave software.
oracle down 6% ...
Okay. That's enough winning!
Please stop!
"Trump literally said, "these changes will hurt, but it will be short term...." I dont even have time for this. You want things to be great day one and that doesnt happen anywhere. Sorry to tell you this, but not one person, ok, maybe one soft liberal crybaby, has complained about trump. All that stuff you see on TV, that's .000000000001% and no one cares about them whining. Most are well off."
How's your 401K doing?
hahahahahaha. you could've just said, "a new admin came in and made lots of changes. your hate for Trump drives your whole agenda.....
how about this....how much safer are you now that ICE is picking up thousands of violent illegals? I bet you're so safe whining from your home somewhere nice. how about your thank him for cleaning up the Biden mess and making the country 10x safter in under 100 days. yeah, you wont and we know why.
Trump literally said, "these changes will hurt, but it will be short term...." I dont even have time for this. You want things to be great day one and that doesnt happen anywhere. Sorry to tell you this, but not one person, ok, maybe one soft liberal crybaby, has complained about trump. All that stuff you see on TV, that's .000000000001% and no one cares about them whining. Most are well off.
So take this as me not arguing with you any more. Market wasn't ever great under Obama. I never knocked him for it. We were secure. I know why. Do you? You're so ungrateful. Is it better somewhere else?...I'll wait.
Hackett noted that investor sentiment has reached extreme levels, which often serves as a contrarian signal. Historically, when sentiment has been this stretched, the S&P 500 has posted strong gains over the following six and 12 months, he said.
“All in all, investors should stay patient for now,” Hackett concluded.
Did you say the same when Biden’s inflation knocked 25% off market highs from 2020 to 2023? If you didn’t, I don’t want to hear your “once in a liftetime” cr-p! Put it in a savings account then! You or me getting rich are not serious problems!!!!!
"For you folks that expect the stock market to be up every day, you obviously have no idea about investing."
Undoubtably your experience surpasses us mere mortals, however, these fluctuations are not 'just another day at the office'. We are seeing once in a lifetime fluctuations brought on by tariffs and trade wars not seen since the Great Depression!
I'm glad that you made money in the past. So have many of us here, but now we are all losing it now!
Good luck, my friend, but yesterday's answers will not solve todays issues.
For you folks that expect the stock market to be up every day, you obviously have no idea about investing. I am not picking sides here. I have been investing in stocks since I was 18. I am 47. I wish I could sit here and say that politics/tariffs really do the damage you think, but they don't. Inflation does. Govt printing more money does. I am sorry, but you're up-down-down-down-up I am going to cry mentality will not help anything. The market has been around a long time. Google it. Funds like QQQ FBGRX many other great funds...they hold 250-500 of the best companies for a reason. Those companies aren't just randomly popping on there. They are basically qualified for a certain # of metrics. If your tech or data junkies, you should know this. Now, there are things called corrections. They happen! there are things called recessions. they happen. But day-to-day, stocks are performing off products/prices/balance sheets. Metrics people! Data! The fear mongering, emotional trading...that's for children. Fear mongering at all and this "oh woe is me" self pity and doom and gloom about the US.....that's just pathetic. The market is fine. It's a long journey. The market isn't trying to make your rich in one year. What fund would that be? You want to set it and forget it? Easily just dump 20% of your bi-weekly pay into a blue chip fund like QQQ or FBGRX and call me in 10 years. You'll be happy. I started at 30 at zero. At 42 I made a million. All off stocks like Apple, Amazon, Progressive, Google. It's not rocket science. Constant whining about who is president and tariffs (which have been part of trade since day one)....well, that's just a drain on you and your families. Have some pride. Stop crying, just keep investing, paying bills and you'll be fine.
my 401K is tired of winning!
New EO. New Tariff. New fall in the market. Every tariff will cause a drop!
Eh, it is down today, though still up nicely. But there is tons of blue sky for this company, and a Trump EO helped ignite it.
Stock trader…I wish we could talk. Happy for you! I’ve never been good at calls but you can really crush it with them. It’s funny. I laugh now at so many that didn’t treat me well during my time at oracle. I was actively trading and made enough to retire by 42. Here those dopes thought I was really struggling to get by and have a cr-p about some piece of cr-ap project mgmt software no one cared about. Hahahahahhaahhahahahaha. I make more money now in a few mos than I did in a year at cr-ap O.
I am in a stock that is up 65% in the last 3 days, and I also have out of the money options on it that have gone up 300%.
A certain US car manufacturer has done very well too, but I don't have any of those shares.
Thanks to our President!!
Practice an attitude of gratitude. Feel lucky you got a job and can eat. I am grateful every day for food, shelter, and a safe place to sleep.
Another great day in the US....Man. I love feeling safer and safer every day. Be thankful! And would you look at that, these countries that people left to come here....they're "peacefully" taking back their worst. So great. This is how leaders work together. It's great.
I came back to this thread to see if any of you softees learned how to Google stock market go up, stock market go down…part of life. Did you love it today when it went up 2%? It actually makes me laugh. You spend countless hours doing such meaningless work and while I was at oracle I made a cool million focusing on good companies making good products. It has zero to do with politics. If it did, the market would’ve been a roller coaster every 4 years and it’s not. Maybe check 1-3-5-10 year performance. Stop being a robot and learn to think for yourself. Today was a good day for gains. I’m still not where I was pre Biden. Let that sink in. That’s how bad Biden let us fall.
"Really did a number on us."
Have you check the stock market recently?
Trump's Tarifs are ruining my upcoming retirement. 401K down the tubes. Will have to work another 4 years now!
Exactly. 2020-2024 was silence of people who tell the truth. Adults are back and the truth is coming out. I swear Biden admin like high school. So glad him and his entire group are gone. Really did a number on us.
Wow...looks like they took 6 or 7 posts out of this thread.
As per usual, it was mostly the conservative voice that was silenced.
Exactly why we are so thankful that Elon saw the light.
The collapse is nigh!
Well we can move on. We are lucky to have these first world problems. Regardless what side you’re on. Life is beautiful. Blessed.
Intresting how suddenly 3 different accounts just came on and said word for word "the market is great today" hmmmmmm....
not political....market doing great today. market usually doesn't stay on a trend due to politics. good or bad, it just doesn't drive the market. products/price/performance/financials drive the market. been that way for 100 years.
NYT reported that investors are pulling their money out of the US stock market in recent weeks and investing overseas. The S&P 500 had outpaced foreign stock markets for years, but it has fallen 6% just since Trump took office while the DAX index in Germany is up 10%, Europe’s STOXX 600 is up 4%, the Hang Seng in Hong Kong is up 20%, and Mexico’s IPC is up 5% over that span.
Reality!
Better than investing in tariff and going back to 1936. That didn’t end well the first time, and will not again!