Mobility is not high when every other company in the market does this regularly. People that just started families, moved their lives, have healthcare needs will see significant negative impact. These actions are a direct transfer of wealth from working class people to already incomprehensibly wealthy shareholders. And what’s more the actions are designed to keep people happy with what they have and reduce wages and wage growth for those that aren’t impacted. Shareholders are incentivizing immoral acts against the working class and using tech corporations to do so.

These work patterns are becoming common and that’s precisely the problem.

This industry is also very vast and doesn’t just include the big tech companies. When all the big tech companies are doing layoffs like this there is no lateral or upward mobility. Many of these employees move downwards pushing out plenty of employees without the high salaries and mobilities. Some of those less mobile employees leave the industry entirely and flood others affecting those as well.

The idea that these layoffs affect only the people laid off is not accurate. 10,000 fewer jobs means 10,000 fewer jobs. In a country that does not have enough jobs for everyone who is willing and able to work, every lob lost is a net negative for an entire industry. When this continues year over year it’s not just the big tech sycophants who are negatively affected. This shit rolls downhill to every already underpaid high school IT employee.

It was not common until about 3-4 years ago. For years, if you got hired, you were pretty much golden, as long as you were good at the job.

Also, the job market is getting rougher and rougher. Just yesterday I read a comment from someone who said they'd been in the industry for 15 years and it's never been this bad. And another from someone who said they'd been unemployed for 18 months now.

These layoffs are being done to manipulate stock prices and signal that "we're really great at using AI so we don't need to pay humans anymore". These are actual human beings as pawns in the games of capital. Doesn't matter how much you're earning for the company, they need you gone so they can say they're closer to being a human-free company.