Thread regarding VMware layoffs

Why HR stopped censoring this thread?

https://www.msn.com/en-us/news/crime/ex-abercrombie-fitch-ceo-ran-s-x-trafficking-operation-while-at-the-companys-helm-prosecutors-say/ar-AA1sIHbF?ocid=BingNewsSerp

Ex-Abercrombie & Fitch CEO ran s-x trafficking operation while at the company's helm, prosecutors say

When will VMware leaders be prosecuted? I guess the whole country is filled with pedos. They may never get to all the pedos.

Broadcom wants to cut but keep things working. But unfortunately they cut too much in the wrong places. Cut all the junior engineers who did all the work. Now they have just managers and architects who stopped working many many years ago. They have marketing to do explore. Things are falling apart. Nothing works. There is no documentation of anything. People do not document. Job security. No one shares any info. Everyone is scared of making themselves redundant. It will be interesting to see how the H1b people survive by keeping the knowledge to themselves and holding Broadcom to ransom. People are not stupid. It is he-l.

First of all, if the OP quit before finding a new job then that is about the worst decision anyone can make in terms of their careers. Its ALWAYS better to find a new job while having a job.

The reality right now is that the overall job market, in particular for white collar jobs, is very bad right now. Maybe the worst I've seen in my 25+ year career. I got the message that BC was a toxic place as soon as the acquisition notice came out and everyone was crying on the phone call. That was over three years ago and even then I sent out at least 100 resumes before landing something.

Its a horror show now. Many people I worked with at VMW chose to stay and were ultimately laid off post acquisition. Hardly any of them, including some with decades of experience have found jobs. Stories abound of those with over 1000 resumes sent to even very junior positions out of desperation with no results. Not helped by the fact that AI and automation now filter resumes before a real person ever sees it . Also not helped that each position is swamped with 100's of resumes in hours.

For those of you still at BC? If you can stick it out until you find something then do so. It could be awhile. Seems like everyone I know who made it to BC are now work zombies. I don't blame anyone for leaving if they can.

Censor this leaders. You can't even share news anymore. Most visa people will be deported. Things don't seem to work for a long time, and then suddenly things start working. Why does it take 50 years to get a green card? Don't you get it? It is slave trade.

US Flies More Than 100 Immigrants Back to China

https://www.msn.com/en-us/news/other/us-flies-more-than-100-immigrants-back-to-china/ar-AA1sw0IP?ocid=BingNewsSerp

Newsweek understands that 131 Chinese nationals were removed on a chartered flight on October 15.

It is the second large chartered removal flight this year to China after over 100 migrants were returned in June.

People who can barely speak english are being minted with ivy league degrees. Then there is a pipeline into top companies. Sure a lot of dollars going out because of importing junk and these dollars coming in as these kids who have endless dollars to splurge.

People have to pay the IVY league mafaaiaa big buck before they start their job search. People transfer a millions of money and buy houses built like chicken coops in the 1950s. The H1b people are living the slave lives by giving all their money to America and hoping to recover it in their long life here. But no one is seeing the crash that is right in front of them.

H1B is biggest lie that corporate America marketed to bring cheap labor into Tech companies. There are many American citizens more qualified and available for work.

IIT graduates instead of doing research and inventing new things for and in India, they are working as slaves ( MBAs , Software Engineers ) in MAANG companies. Even Sunder P of Google is a slave. What a shame !

Ford lost $$$ by virtue signaling it's plan to grow EV sales knowing it's losing money for each unit sold. Open AI is a land-grab with plans to soon be as ubiquitous as Google search. Boeing is suffering a form of global economic warfare with hopes of making way for China's new line-up of commercial aircraft

I don’t believe these H1Bs were sent home. I think they’re all in Fresno now

There were a bunch of visa people who got burned in 2000 dotcom crash and had to go home empty handed. Then the 2008 great financial crisis banished a lot more visa people who went home bankrupt. Now we have the next one coming. The visa holders will spend all their savings trying to hold on and get another job and then the stock market crash and the housing market crash will be so bad that they will be bankrupted many times over and probably cannot even fly back home.

Lots of household names in deep deep financial trouble. We are close to another government wholesale bailout of these companies. All visa holders should seriously consider going back to their country as the economy falls apart.

As of the second quarter of 2024, Intel reported a net loss of $1.61 billion. For the full year of 2023, Intel reported a net loss of $7 billion in its foundry business alone, contributing to a cumulative loss of $17 billion from 2021 to 2023. The company still has $29.3 billion in cash and short-term investments. But they need to watch their long term viability.

Boeing is currently facing some financial challenges. The company has announced plans to raise up to $35 billion through a combination of share and debt issuance, as well as a new credit agreement. Boeing reported a net loss of $773 million for the full year of 2023. This was a significant improvement from the previous year's loss of $3.51 billion in 2022.

OpenAI is projected to lose $5 billion this year on $3.7 billion in revenue. This significant loss is primarily due to the high costs associated with computing power and other operational expenses.

OpenAI recently closed a funding round that valued the company at $157 billion. This round included investments from major players like Microsoft and Nvidia, raising $6.6 billion.

Ford reported a net loss of $526 million for the first quarter of 2024. For the full year of 2023, Ford's financial performance showed a net loss of $2.8 billion.

https://mises.org/power-market/government-jobs-and-part-time-work-are-behind-latest-jobs-gains

What that payroll number misses is that most of these jobs are part-time jobs, and that total employment growth is being pushed up by government job growth while the private sector stagnates.

High paying jobs are being shed in the private sector by the hundreds of thousands. The corporate jobs are being slashed in all sectors. Jobs are being added in the government. That is why the federal budget deficit is almost 2 Trillion dollars. Almost 10% of GDP for the past 4 years.

Look for a government job or in the military. They are the only ones hiring.

Mostly no one is hiring visa holders because there are just too many citizens who can do these bullsh-t jobs. All the kids of the last generation of visa holders are now in the job market.

Be careful with the leaders. They are a satanic ritualistic cult that does strange things to gain power over other humans. Do not go near them. If you see them then wash your hands.

There is a crisis in the c-suite and the corporate world. The pedos running the companies are all exposed in the Diddy case. This is just getting ridiculous what is happening. You know what comes after Weimar. Things are just falling apart.

https://www.msn.com/en-us/money/companies/ceos-are-quitting-at-record-pace-who-are-the-latest/ar-AA1qXQQz

In the first three months of this year, more than 600 chief executive officers left their jobs, either through retirement, resignation or being forced out. That’s a 50% increase from the first quarter of 2023, according to the outplacement firm Challenger, Gray & Christmas.

https://www.cnbc.com/2023/12/22/why-american-ceos-quit-in-record-numbers-during-2023.html?msockid=34daa7d6600a6fb02e5ab2cb61276ebf

Why American CEOs quit in record numbers during 2023

The firm found that more than 1,500 CEOs have left their posts so far in 2023, marking the highest number of departures since Challenger began tracking the data in 2002.

It’s going to be alright soon my friend. Keep trying and dont loose hope.
May God be with you.

"If your average Biden voter somehow like got pulled out of the workforce, would you be okay?"

"How long do you think this country could survive without private equity? A week? Before we all just starve to death.

Private equity. Big Tech. Bullsh-t jobs. All under threat. Private equity will go bankrupt as we have to fight stagflation with lower earnings and losses and the inflation keeps going up. Big tech will be broken up. Bullsh-t jobs will vanish even more. Big tech just makes money spying on people and selling info to advertisers.

Thanks migrants for coming over and serving your pedo lords. The whole thing got so weird and is unraveling. So you can go back now.

Regular migrants don't have jobs anymore. Try to rebrand as DEI.

The tech industry is being propped up to prop up the stock market.

There is really no need for so many migrants coming over.

"In the last election Biden voters owned 70% of the wealth in the United States and Trump voters owned 30% and I thought to myself: on the one hand it's like okay Republican Party's now the party of working-class people great but then I thought how did they get 70% of the wealth they don't do anything?"

"Actually," Carlson goes on, "they have no skills. There's nothing they do that we really need."

"How long could you and your family make it without a DEI consultant on site? ...I'm serious. Could you get to Halloween? Or will one of your little children stare up at you with doe eyes and say, Mommy, I need a DEI consultant. I need it now. Honestly, I need a school counselor or some heavy set nurses who can convince me to go trans. I need that."

The phrase "Wait on the Lord" appears in the book of Psalms. In Psalm 27:14, it says, "Wait for the Lord; be strong, and let your heart take courage; yes, wait for the Lord." The psalmist encourages believers to patiently wait on God for blessings, answers to prayer, and the fulfillment of promises

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there is no god. go spread your fairy tales somewhere else. if there was a god, he'd strike down the greedy old man that pushed thousands of people to the unemployment line so that their share price could go up.

The phrase "Wait on the Lord" appears in the book of Psalms. In Psalm 27:14, it says, "Wait for the Lord; be strong, and let your heart take courage; yes, wait for the Lord." The psalmist encourages believers to patiently wait on God for blessings, answers to prayer, and the fulfillment of promises

Sorry to hear… in the US?

https://mises.org/power-market/government-jobs-and-part-time-work-are-behind-latest-jobs-gains

Government Jobs and Part-Time Work Are Behind the Latest Jobs Gains

Lowest unemployment since 1950. Most people will work for the government or in the gig economy. That will be the equivalent of a Universal Basic Income. Just say you are working for the government and get paid minimum wage.

They have been postponing the recession since 2018 2019 when the yield curve inverted first. The yield curve again inverted 2 years ago.

Things will get a lot lot worse before they improve. Hang tight. Hunker down. Survive.

The stock market all time highs are only for the election.

Have you looked at contracting ?
If you aren't finding anything this might be an option
Contracting is no longer like it was, it used to be it was a viable option but in 2024 where most companies have been adjusting comp based on the inflation , contracting rates don't appear to have budged in 10 years
Now that being said , you may take a comp cut , but you can also look on it as paid training because you can get some good exp from it and even though you'll likely be paid less it is still decent and not being tied to your employer and expected to be headsdown means you have a lot of freedom while not being drawn into endless meetings

Same boat, I stayed too many years in VMware now pretty useless. In the end it was a nice ride, but technologically we were stuck 20 years ago. Cr-p products and cr-p management, clown ceo