#tech

Heard rumours of layoffs coming especially in tech from September due to poor company performance and execs that obsess over AI especially the ones who used to be at global payment and bailed due to promotion and couldn’t handle the role. India is expanding so if you invest in invesco it’s all controlled via India now.

Toptal predicts growth in remote tech roles. These jobs demand extensive prior experience. This trend happens amidst broad technology job cuts. More than 150,000 technology positions were cut by April. AI integration increases demand for expert workers.

https://www.msn.com/en-us/news/insight/toptal-sees-remote-tech-hiring-growth-despite-sector-layoffs/gm-GM25F0E534?gemSnapshotKey=GM25F0E534-snapshot-3&uxmode=ruby

It seems like the roles impacted are only tech and agile.

What would be the reason to bring the whole company back other than phones, if there’s no RIF impact?

Based on what’s posted here if there’s so many groups with zero impact. Why make everyone miserable just to slash tech?

Milestone Technologies announced permanent layoffs affecting 66 workers. These employees are at a Prineville data center. The data center is tied to Meta Platforms. Layoffs are occurring due to an expiring contract. Terminations are expected to begin on June 28.

Prineville, Oregon

https://www.centraloregondaily.com/news/prineville/prineville-data-center-layoffs-meta-milestone/article_52864dd9-eeb6-44ed-ab79-6a55107f8105.html

Indiana University's tech division cut jobs. Thirteen employees received notices of termination. This move aligns staff with institutional goals. It supports research and financial stability. The university remains silent on wider layoffs.

Bloomington, Indiana

https://www.ipm.org/news/2026-05-01/iu-tech-services-lays-off-13-university-quiet-on-scope-of-layoffs

Tech has no idea what they are breaking with the people they randomly selected to depart. This will set the company back another year. Sell now while you can before you lose more! About to be Under Armor all over again stock wise!

Were the playoffs that have happened so far this week Tech only?

??

Yes layoffs su-k, but coming back if we aren’t cut to the same bloated, toxic and clueless tech leadership is going to be brutal.
Not confident any meaningful cuts will happen at the tech leadership level. Will still be director reporting to director reporting to a couple layered sr dir under a couple of layered vp’s.

Meta & Microsoft...USAA will for sure experience the similar situation especially in tech where it is so much shaky. Zero psychological safety the core Agile principle for success.

Someone at the top figured out Nike is not a Tech company.

Here’s the current tech market we all work in, and a warning below:

“There are many different ways to lose your job. On Thursday, two tech giants decided to take different paths in dispatching thousands of their employees.

First there was Microsoft, which is said to be offering voluntary retirement to thousands of its workers. About 7% of of its US employees will be eligible for the buyouts, something the legacy giant has never previously done at this scale.

Then there’s Mark Zuckerberg’s Meta. The company shot out a memo on Thursday saying it planned to terminate 10% of workers, or roughly 8,000 employees, starting May 20. Meta employees have spent much of the year fretting about job cuts, which already hit the Reality Labs division and other teams. Now many more are coming.

So what’s driving the continuing, arguably accelerating series of mass terminations across tech companies? AI.”

WARNING

FIS are pushing AI usage really hard.

They will tell you it’s an amazing new tool that will revolutionise what you do.

Maybe.

But ultimately it is a tool that must pay for itself just like any other. And more than that - it’s providing corporations with an easy way to reduce resource costs.

The next time you load copilot at FIS and automate something or speed up tasks - what you are actually doing is helping FIS to eventually reduce headcount.

Everyone su-king up to AI right now needs to wake up and think about this. You are not an AI champion, you are an AI as-----n.

If you lose a trusted colleague or one day you yourself get that tap on the shoulder - you only have yourself to blame…

The other post misread the email so clarifying here. They are consolidating roles outside of phk and itc INTO PHK and ITC. This does not mean no PHK cuts, it just means that they are not necessarily going to cut all or even the majority of the 1400 roles in PHK.

1400 at PHK is massive, majority in tech

It begins. More big layoffs due to AI.

https://www.dailymail.com/yourmoney/article-15760081/meta-zuckerberg-axes-jobs-ai.html

Feeling good about the stock price? Look at tech stock returns over any period and cry. Your RSUs are pathetic compared to the wealth engine that RSUs are at tech companies.

Is it true we're the next tech company to have major layoffs? I've heard too many rumors to just ignore it.

Seems like all posts and posters are Nike tech or adjacent.

1. They’ve been delayed to add more names to the list.
2. But they’re ready to go now. Week of 4/27.
3. Leaders have been asked to provide team productivity data.
4. I heard 10% and 20%. Worst number was 40% (of PHK Tech, not Global), probably over several waves.

Just read WSJ article 04.15 by Chip Cutter. Y’all should be happy if you still have a job; especially in tech.

It feels like tech compnies have figured out a way to make their numbers look better than they really are.

They keep raising prices, which boosts reported sales, even though they are not actually selling more.

So on paper it looks like growth but in reality nothing has really changed.

Next week or the week after? Anyone have credible info? I thought next week was unlikely given all the planned events, but now I'm hearing they might happen anyway.

Words on the street

As much as there are reasons to complain and I have a lot of them myself, the flexibility I have working at Dell's data center teams is kind of amazing compared to my counterparts in GCP, OCI, AWS who work 50-80 hours. I mostly average 30 hours a week.

I make less than those guys but it's still six figures. I get to automate a lot since we have windsurf too now.

I'd like to just climb all the way up to Distinguished Eng or at least Staff Eng.

I'm curious if I just keep being technical, would a potential 30 year path work at Dell ?

I am a VBG tech, we are glorified resellers w a so-called Beas box(glorified modem behind another modem by Comcast’s or another RBOC), and have had customers see we have choked a 350meg Comcast’s open DSL down to 3-5 meg at 3-5 times the cost, and the customer tells me to go to he-l an pull it back out, I am pulling them out faster than we can put them in, I have shut down office router after router off( old, outdated and antiquated) to use AWS - which is more reliable and efficient. VBG literally has ZERO to offer customers and when they do they have to call across the pond to people who can’t understand 2 words in American English. Tell me why any customer would stay just look at the financials for VBG for the last 6-10 yrs losing what 3-5% revenue per year, my input- bad upper management decisions from 2nd level to the top. Can’t change the titanic from sinking, when the captain won’t see the iceberg ahead. Let her sink I say. Let her sink. Between 40 year old equipment that provides little to zero revenue to asking every departments on calls that spend millions in my office alone to support DS3’s and T1’s and they keep supporting it and spending money like they have an unlimited cash. I lost it on wasteful spending and telling them ATT has gone to an entire Ethernet based protocol and we still provide the dark ages, might as well sell a telegraph machine. These people pushing it are trying to justify their own jobs and don’t care about making Verizon competitive, for Gods sake I could do a better job of not wasting money on excessive 1732 fibers for 10 workers to connecting all the offices to nes OSP between cities and bypass all the CEV and regents on old a-s OSP and equipment, then they want to spend money repairing the fiber from 1985! Do better. Any manager reading this step aside, quit and let the technology rule the day, this is 2026 not 1995 world con/mci days so why do we operate like it’s 1985, might as well drive ford pintos again. Beyond frustrated, the stress is causing mental and physical harm to the employees including me!!!

San Francisco recorded an increase in total nonfarm employees. The city reached 1.12 million jobs in the latest month. This total is 9,100 jobs higher than a year prior. It represents the largest job gain since 2024. This growth occurred despite ongoing tech sector layoffs.

San Francisco, California

https://www.costar.com/article/329147361/san-francisco-office-using-employment-increased-year-over-year-despite-tech-layoffs

The street can't be fooled. . .

https://www.barrons.com/articles/ibm-stock-worst-year-since-2002-buy-rating-8cf1a185

By: Mackenzie Tatananni |
April 10, 2026, 4:05 pm EDT

Key Points

• IBM’s stock fell nearly 22% in 2026, yet one analyst initiated a Buy rating with a $285 price target.
• Originally a maker of mechanical accounting machines and punch-card systems, IBM was an early entrant in personal computers.
• IBM’s reach spans database systems, app developer tools, and other multimodal computing environments that process and analyze several different types of data.

International Business Machines may be reeling from a protracted slump in software stocks, but its “uncanny ability” to pivot through generational tech shifts has one analyst convinced that Big Blue is far from obsolete.

IBM is a storied tech giant, but it hasn’t been immune to a selloff that began in earnest at the start of the year. The stock has fallen nearly 22% in 2026, marking IBM’s worst start to a year since 2002, when it was down 26% over the same period.

But while many investors may have soured on IBM, some analysts have hope. One cheerleader is Citi Research analyst Fatima Boolani, who initiated coverage on the stock at Buy with a $285 price target on Friday.

Shares slid 2.5% to $231.25 on Friday as AI disruption fears crept into investor consciousness yet again. Boolani’s price target suggests the stock could rise 23% from current levels.

The analyst’s bullish thesis is rooted in IBM’s demonstrated ability to survive cycles of technological change. Originally a maker of mechanical accounting machines and punch-card systems, IBM was an early entrant in personal computers, though it ultimately pivoted to IT consulting before the turn of the 21st century.

All this history speaks to its “uncanny ability to consistently reinvent itself through multiple, generational, and paradigm-shifting tech and computing cycles,” Boolani wrote. After nearly 100 years in business, IBM’s software and hardware are entrenched “across the most critical points of the world’s largest, most complex IT infrastructures.”

Evercore ISI analyst Amit Daryanani raised a similar point last month, when he noted that IBM’s customers have remained with the company despite “ample opportunities to migrate off of mainframe.” The phenomenon is referred to as stickiness, meaning a brand’s ability to retain customers and encourage repeat purchases.

Today, IBM’s reach spans database systems, app developer tools, and other multimodal computing environments that process and analyze several different types of data. It’s “yet another advantage IBM can bring to bear in enabling, scaling, and governing production AI systems that will necessarily need to be scaffolded atop existing IT architectures,” Boolani wrote.

The debate continues around the risk of AI-native companies replacing enterprise software providers persists. However, IBM’s deep connections and consulting experience with the world’s biggest companies offer “competitive insulation,” the analyst continued. In fact, those same AI players might use IBM as a bridge to help them sell their own technology to enterprises.

IBM’s capital intensity is also notably lower than that of hyperscalers and cloud infrastructure providers, which merits a more attractive forward free cash flow multiple, Boolani wrote. The stock’s underperformance versus the broader megacap tech group, which has lost around 10% this year, “appears punitive to us, considering the scope of positive profitability revisions ahead.”

And of course, IBM’s quantum computing prospects are another way for the company to differentiate itself. Although the technology remains in its infancy, there has been tremendous technical progress over the past year alone. IBM is on track to deploy its most powerful system to date in 2029.

“Quantum presents an important call option for the long-term investment case,” Boolani wrote, citing IBM’s reputation as a leader in the space. The technology’s monetization potential is “becoming more tangible,” and IBM’s existing pedigree and entrenchment within the public sector serve as a launchpad for growth.

There's a new buzz word in tech, Forward Deployed Engineers (FDE). Yeah, as if they need ANOTHER acronym over there. I might be trying to take my own tech career down that route. I used to work at Fidelity, too.

Not sure if Fidelity is gonna make its own name for the role, or say someone is an FDE without giving them actual FDE work. Still, I might be interested if Fidelity is hiring them... if I'm guaranteed to learn the right skills and the price is right.

Measure employee performance/success by a metric of number of hours they are seated in the chair at office and report this monthly in the "Talent and Performance"?

A Joke at a Fortune 500 Company.

I know a few people who were hit - SRO, and Tech support - but anyone know more? What orgs were hit?

Both were over 50 if that matters...

At least 80% of tech folks are not working as leadership said months ago that layoffs and reorg are coming. Yet things are still smooth and nothing is on fire.
Zero communication from tech leaders since their phony vague meetings.
Cut them and 80% of tech so we can lower ops cost and wait for some product to pull us out of this.
Embarrassed at how little work there is in tech yet 7k employees and layers upon layers of leadership.
Never forget - AC must go….

around 8%. Mostly Tech and CTS. Do not troll me for like you all did in February. Ignore trolls who have 0 clue. Another round in 3rd quarter.

Fiverr announced significant employee reductions. The company is reducing its staff by 30 percent. Artificial intelligence is cited as the reason for these cuts. The layoffs specifically target tech employees. This news was posted on March 30, 2026.

https://fathomjournal.org/d03856ffsmm/9e1ead01-mN_W3NneMHg.html

Here’s the article:

https://www.reddit.com/r/technology/comments/1ro15xl/oracle_layoffs_tech_giant_to_slash_30000_jobs_as/

Tech companies have loaded up on H1Bs to keep employees enslaved and threaten US citizens with constant layoffs.

Now Open AI and Anthropic will ensure these companies do not exist in future along with all the H1Bs.

H1Bs are running over each other to prove no one needs to be employed anymore as codex can do all the work.

Coding is no longer a speciality skill for which H1B visa need to be granted.

Revoke all H1B and Green card petitions immediately.

Round 3 in Tech happened this morning. Train your replacement then good luck

Hope this isn’t going to be a big nothing burger. For all the non work, waiting around, and lack of direction, cuts should be deep enough to affect operational costs or it’s another failure.