<story><title>Where have all the laid-off tech workers gone?</title><url>https://www.economist.com/business/2023/03/27/where-have-all-the-laid-off-tech-workers-gone</url></story><parent_chain><item><author>gumby</author><text>&amp;gt; Only 56.7% of these people joined a tech company.&lt;p&gt;There’s a very good chance that their new jobs are similar to their former jobs.&lt;p&gt;Unfortunately, the term “tech” has become diluted to the point of worthlessness.  Every company of any size needs programming, statistics, and such.&lt;p&gt;Conversely many companies swept under the “tech” term don’t develop any technology at all.&lt;p&gt;It’s so bad that actual technology development is now referred to as “deep tech”.</text></item><item><author>nubela</author><text>We actually tracked every laid off individual from Google to understand the story behind the layoffs.&lt;p&gt;Here&amp;#x27;s the summary:&lt;p&gt;- 747 out of the 2,762 laid-off Googlers have since updated their profiles to indicate a change of employment status in the last 4 months since November 2022.&lt;p&gt;- Only 56.7% of these people joined a tech company.&lt;p&gt;- 1&amp;#x2F;3 of these ex-Googlers joined startups.&lt;p&gt;See the full blog post here: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;nubela.co&amp;#x2F;blog&amp;#x2F;1-in-3-ex-google-employees-in-15-billion-worth-of-startups-2023-layoffs&amp;#x2F;#part-ii--747-ex-googlers-found-new-jobs---at-which-companies-&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;nubela.co&amp;#x2F;blog&amp;#x2F;1-in-3-ex-google-employees-in-15-bill...&lt;/a&gt;</text></item></parent_chain><comment><author>jjav</author><text>&amp;gt; Unfortunately, the term “tech” has become diluted to the point of worthlessness.&lt;p&gt;Indeed. Nearly every so-called &amp;quot;tech&amp;quot; company is not actually in the business of selling technology products, so they aren&amp;#x27;t really tech companies.&lt;p&gt;Of course they create technology (sometimes very nice ones) internally in support of their actual business, but tech isn&amp;#x27;t the business the company board cares about.&lt;p&gt;Netflix is a movie production and distribution company. Google and Facebook are advertising companies. At least Apple is an actual tech company.</text></comment>
<story><title>Where have all the laid-off tech workers gone?</title><url>https://www.economist.com/business/2023/03/27/where-have-all-the-laid-off-tech-workers-gone</url></story><parent_chain><item><author>gumby</author><text>&amp;gt; Only 56.7% of these people joined a tech company.&lt;p&gt;There’s a very good chance that their new jobs are similar to their former jobs.&lt;p&gt;Unfortunately, the term “tech” has become diluted to the point of worthlessness.  Every company of any size needs programming, statistics, and such.&lt;p&gt;Conversely many companies swept under the “tech” term don’t develop any technology at all.&lt;p&gt;It’s so bad that actual technology development is now referred to as “deep tech”.</text></item><item><author>nubela</author><text>We actually tracked every laid off individual from Google to understand the story behind the layoffs.&lt;p&gt;Here&amp;#x27;s the summary:&lt;p&gt;- 747 out of the 2,762 laid-off Googlers have since updated their profiles to indicate a change of employment status in the last 4 months since November 2022.&lt;p&gt;- Only 56.7% of these people joined a tech company.&lt;p&gt;- 1&amp;#x2F;3 of these ex-Googlers joined startups.&lt;p&gt;See the full blog post here: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;nubela.co&amp;#x2F;blog&amp;#x2F;1-in-3-ex-google-employees-in-15-billion-worth-of-startups-2023-layoffs&amp;#x2F;#part-ii--747-ex-googlers-found-new-jobs---at-which-companies-&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;nubela.co&amp;#x2F;blog&amp;#x2F;1-in-3-ex-google-employees-in-15-bill...&lt;/a&gt;</text></item></parent_chain><comment><author>stathibus</author><text>In my head, &amp;quot;tech&amp;quot; refers to the segment of the labor market, not the product that the company produces.&lt;p&gt;We can race to the bottom on the true definition of &amp;quot;tech&amp;quot; as far as actually producing new technology but in this context it doesn&amp;#x27;t matter.</text></comment>