I was the victim of layoffs at my former company, Clorox, at the beginning of May. They've had several rounds and are preparing for another. We were penetrated by a cyber attack late last summer and never recovered. The fiscal year was pretty much shot, so they cut a bunch of heads to soften the blow. Among those were a couple of older ladies that I worked with, who had been with the company for 42 & 44 years. Truly pitiful.

Upon talking to some plugged in folks in the CPG world up here in Northwest Arkansas, Clorox never seemed to get back on track after COVID. We reaped the benefits of our cleaning/disinfecting products being in high demand, but trended downward after that. It also wasn't a good look that the wokeness of Clorox was on full display when they forced a DEI promotion of a woman to President/CEO. It was an obvious ploy to receive accolades for putting a female leader in charge when the DEI woke movement really started to kick off. Not that she isn't capable, it was just rushed (6 promotions in 2 years when the protocol is 1 promotion per year) and several others were passed over that were fully capable and ready.

Maybe a blessing in disguise that I no longer have to endure a woke and Liberal culture. I should've totally expected this, coming from a Bay Area based company.

Bocephus said:

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We are 300 behind hiring goals for the year. Starting salary is $73K. Come on down!!

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Sorry I flagged your post

LMCane said:

---

Logos Stick said:

---

We had a RIF the past couple of weeks.

Curious if it's my industry/company or more widespread.

---

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

The company, which has invested heavily in providing generative AI-powered accounting and tax preparation tools for small and medium businesses in the past few years, expects to close two of its sites in Edmonton, Canada, and Boise, Idaho.

---

My bro works with data in his engineering job. He says NVIDIA's tech has allowed 10x the work to be done by 1/10th the people. He says that they used to come in on a Monday, dole out huge amounts of drone-like work that would take days, and then it would get sorted and figured by week's end. Says parallel processing has made it so that the work is done in minutes and allows their engineers to then figure out the red flags and pertinent info. He thinks this stuff is going to usher in the next industrial revolution.

I imagine the tech will be a major boon in the tax industry.

I'm no longer hiring but when I interviewed for candidates about 40% of them had been laid off in the month or two prior. All IT related jobs.

That industry is getting killed.

Bidennomics working out well for all those "learn to code" people they so flippantly talk about.

I'm still having trouble figuring out why a tax prep company would fire so many after tax season is over...and then commit to hiring the same amount next year. Just can't put my thumb on it...

PacoPicoPiedra said:

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My customer worked for Dell and he told me their goal was to reduce total workforce by 40% no later than the end of July. It wasn't happening fast enough so Dell just started mass layoffs. He was expecting to stay around, even moved back to Texas a week and a half ago since due to a recent requirement to be in office, but became a casualty just last week along with his entire department. He's 63 and was eyeing retirement in the next 12 to 18 months so he'll be fine but said it's going to be tough for the younger crowd to find work in the tech market.

---

Not surprised. Dell is ruthless. Run by spreadsheets.

Why you shouldn't be concerned about layoffs

I am very concerned about layoffs. Too often in our modern society people have no value and are simply let go so some executives can hit an earnings or valuation threshold that unlocks bonuses and/or stock options for them.

The number of companies with record profits that are laying people off out of convenience is nauseating.

redseven94 said:

---

I am very concerned about layoffs. Too often in our modern society people have no value and are simply let go so some executives can hit an earnings or valuation threshold that unlocks bonuses and/or stock options for them.

The number of companies with record profits that are laying people off out of convenience is nauseating.

---

LOL, what a load of ***** If a company can produce its products or provide its services with fewer employees, it is obligated to do so, its their fiduciary duty. That creates maximum value for all stakeholders. including the employees that remain.

Logos Stick said:

---

redseven94 said:

---

I am very concerned about layoffs. Too often in our modern society people have no value and are simply let go so some executives can hit an earnings or valuation threshold that unlocks bonuses and/or stock options for them.

The number of companies with record profits that are laying people off out of convenience is nauseating.

---

LOL, what a load of ***** If a company can produce its products or provide its services with fewer employees, it is obligated to do so, its their fiduciary duty. That creates maximum value for all stakeholders. including the employees that remain.

---

Do you believe that a company's only responsibility is fiduciary? Or do companies have additional obligations to society?

When looking at the 25-54 group labor participation rates are relatively consistent today with where they were 25 years ago and far higher than in the 1970's.

Also up from where it was during the Trump
Term even before COVID.

Most of the is probably attributable to being increase dual income and single parent households over the last 70 years in America.

redseven94 said:

---

I am very concerned about layoffs. Too often in our modern society people have no value and are simply let go so some executives can hit an earnings or valuation threshold that unlocks bonuses and/or stock options for them.

The number of companies with record profits that are laying people off out of convenience is nauseating.

---

I agree. We have far too many people with little or no skills and therefore have little to no value and end up on the government dole.

redseven94 said:

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Logos Stick said:

---

redseven94 said:

---

I am very concerned about layoffs. Too often in our modern society people have no value and are simply let go so some executives can hit an earnings or valuation threshold that unlocks bonuses and/or stock options for them.

The number of companies with record profits that are laying people off out of convenience is nauseating.

---

LOL, what a load of ***** If a company can produce its products or provide its services with fewer employees, it is obligated to do so, its their fiduciary duty. That creates maximum value for all stakeholders. including the employees that remain.

---

Do you believe that a company's only responsibility is fiduciary? Or do companies have additional obligations to society?

---

Yes. Next question.

redseven94 said:

---

Logos Stick said:

---

redseven94 said:

---

I am very concerned about layoffs. Too often in our modern society people have no value and are simply let go so some executives can hit an earnings or valuation threshold that unlocks bonuses and/or stock options for them.

The number of companies with record profits that are laying people off out of convenience is nauseating.

---

LOL, what a load of ***** If a company can produce its products or provide its services with fewer employees, it is obligated to do so, its their fiduciary duty. That creates maximum value for all stakeholders. including the employees that remain.

---

Do you believe that a company's only responsibility is fiduciary? Or do companies have additional obligations to society?

---

Providing excellent products and services at the lowest possible price is a societal benefit, the main societal benefit of the company. Everyone is wealthier because of it. The poor in this nation are rich compared to any other time and place in world history. That's because of capitalism.

BassCowboy33 said:

---

LMCane said:

---

Logos Stick said:

---

We had a RIF the past couple of weeks.

Curious if it's my industry/company or more widespread.

---

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

The company, which has invested heavily in providing generative AI-powered accounting and tax preparation tools for small and medium businesses in the past few years, expects to close two of its sites in Edmonton, Canada, and Boise, Idaho.

---

My bro works with data in his engineering job. He says NVIDIA's tech has allowed 10x the work to be done by 1/10th the people. He says that they used to come in on a Monday, dole out huge amounts of drone-like work that would take days, and then it would get sorted and figured by week's end. Says parallel processing has made it so that the work is done in minutes and allows their engineers to then figure out the red flags and pertinent info. He thinks this stuff is going to usher in the next industrial revolution.

I imagine the tech will be a major boon in the tax industry.

---

I think you are 100% in your analysis and prediction

people don't realize the affect of AI on every company once it gets rolling in the next 5-10 years

LMCane said:

---

BassCowboy33 said:

---

LMCane said:

---

Logos Stick said:

---

We had a RIF the past couple of weeks.

Curious if it's my industry/company or more widespread.

---

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

The company, which has invested heavily in providing generative AI-powered accounting and tax preparation tools for small and medium businesses in the past few years, expects to close two of its sites in Edmonton, Canada, and Boise, Idaho.

---

My bro works with data in his engineering job. He says NVIDIA's tech has allowed 10x the work to be done by 1/10th the people. He says that they used to come in on a Monday, dole out huge amounts of drone-like work that would take days, and then it would get sorted and figured by week's end. Says parallel processing has made it so that the work is done in minutes and allows their engineers to then figure out the red flags and pertinent info. He thinks this stuff is going to usher in the next industrial revolution.

I imagine the tech will be a major boon in the tax industry.

---

I think you are 100% in your analysis and prediction

people don't realize the affect of AI on every company once it gets rolling in the next 5-10 years

---

People think of it as a way to have chat bots and such, which feels like it'll be quaint once the ball really gets rolling down the line. The question is how long it takes. It took 70 years for a steam engine to get put in a train, 40 years for infrastructure to be built around an automobile, 40 years for a computer to get inside homes. It'll go in fits and starts. There will be winners and losers. For the sake of my retirement, I hope Im a winner.

BassCowboy33 said:

---

LMCane said:

---

BassCowboy33 said:

---

LMCane said:

---

Logos Stick said:

---

We had a RIF the past couple of weeks.

Curious if it's my industry/company or more widespread.

---

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

The company, which has invested heavily in providing generative AI-powered accounting and tax preparation tools for small and medium businesses in the past few years, expects to close two of its sites in Edmonton, Canada, and Boise, Idaho.

---

My bro works with data in his engineering job. He says NVIDIA's tech has allowed 10x the work to be done by 1/10th the people. He says that they used to come in on a Monday, dole out huge amounts of drone-like work that would take days, and then it would get sorted and figured by week's end. Says parallel processing has made it so that the work is done in minutes and allows their engineers to then figure out the red flags and pertinent info. He thinks this stuff is going to usher in the next industrial revolution.

I imagine the tech will be a major boon in the tax industry.

---

I think you are 100% in your analysis and prediction

people don't realize the affect of AI on every company once it gets rolling in the next 5-10 years

---

People think of it as a way to have chat bots and such, which feels like it'll be quaint once the ball really gets rolling down the line. The question is how long it takes. It took 70 years for a steam engine to get put in a train, 40 years for infrastructure to be built around an automobile, 40 years for a computer to get inside homes. It'll go in fits and starts. There will be winners and losers. For the sake of my retirement, I hope Im a winner.

---

I watched a very interesting 60 Minutes interview about a month ago with the man who is widely credited with "inventing" AI. It's crazy what the future will
Probably hold. Total sci-fi movie type stuff coming in the not so distant future.

AggieVictor10 said:

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Hope y'all made it out ok. fjb RUINED the economy.

---

As planned .. is was part of the inflation plan .. when houses and big ticket items aren't moving because of interest rates your gonna see this, ease off the rates and this will stop

Great thing is our business is booming right now … can't keep an old dog down too long

redseven94 said:

---

BassCowboy33 said:

---

LMCane said:

---

BassCowboy33 said:

---

LMCane said:

---

Logos Stick said:

---

We had a RIF the past couple of weeks.

Curious if it's my industry/company or more widespread.

---

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

The company, which has invested heavily in providing generative AI-powered accounting and tax preparation tools for small and medium businesses in the past few years, expects to close two of its sites in Edmonton, Canada, and Boise, Idaho.

---

My bro works with data in his engineering job. He says NVIDIA's tech has allowed 10x the work to be done by 1/10th the people. He says that they used to come in on a Monday, dole out huge amounts of drone-like work that would take days, and then it would get sorted and figured by week's end. Says parallel processing has made it so that the work is done in minutes and allows their engineers to then figure out the red flags and pertinent info. He thinks this stuff is going to usher in the next industrial revolution.

I imagine the tech will be a major boon in the tax industry.

---

I think you are 100% in your analysis and prediction

people don't realize the affect of AI on every company once it gets rolling in the next 5-10 years

---

People think of it as a way to have chat bots and such, which feels like it'll be quaint once the ball really gets rolling down the line. The question is how long it takes. It took 70 years for a steam engine to get put in a train, 40 years for infrastructure to be built around an automobile, 40 years for a computer to get inside homes. It'll go in fits and starts. There will be winners and losers. For the sake of my retirement, I hope Im a winner.

---

I watched a very interesting 60 Minutes interview about a month ago with the man who is widely credited with "inventing" AI. It's crazy what the future will
Probably hold. Total sci-fi movie type stuff coming in the not so distant future.

---

Remember the title perchance? Would like to watch that.

fullback44 said:

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AggieVictor10 said:

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Hope y'all made it out ok. fjb RUINED the economy.

---

As planned .. is was part of the inflation plan .. when houses and big ticket items aren't moving because of interest rates your gonna see this, ease off the rates and this will stop

Great thing is our business is booming right now … can't keep an old dog down too long

---

I hope that is the case and maybe it is in a more regional sense than I am giving credit. Interest rates falling should be inflationary (normally) for housing...I just don't see prices coming down in that scenario.

The flip side of that is how locked up the market is on supply - to your underlying point, noone wants to give up their sub 4 mortgage. So yes, lower rates should increase transaction velocity but I'm not sure prices will move too much.

I think the only thing that is going to move pricing at this point is job losses.

It was the June 16th episode. interview was with Geoffrey Hinton.

I looked it up my memory isn't that good!

Logos Stick said:

---

redseven94 said:

---

I am very concerned about layoffs. Too often in our modern society people have no value and are simply let go so some executives can hit an earnings or valuation threshold that unlocks bonuses and/or stock options for them.

The number of companies with record profits that are laying people off out of convenience is nauseating.

---

LOL, what a load of ***** If a company can produce its products or provide its services with fewer employees, it is obligated to do so, its their fiduciary duty. That creates maximum value for all stakeholders. including the employees that remain.

---

Exactly.

From what I've heard on here in times past, that's just capitalism 101.

The thing is, companies cutting back has happened in every administration since farther back than we've all been alive. That it's finally happening to new groups of employees now shouldn't be surprising. It was only a matter of time.

I have been a software developer since 1999.

This is the worst job market for IT and Software Development that I have seen since 2008.

Tumble Weed said:

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I have been a software developer since 1999.

This is the worst job market for IT and Software Development that I have seen since 2008.

---

not in that space, so trying to wrap my mind around this. It would seem with technology advancing, there would be a lot of demand for IT and developers....OR is it that the technology is improving so much that fewer people are needed?

Scruffy said:

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"Data science" is taking a large hit now (nit my field but I close to a lot of people in it).

Companies are starting to realize buzz words and slackers with pink hair don't actually produce much.

---

Much? These people add zero value and often have negative impacts.

Aggie95 said:

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Tumble Weed said:

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I have been a software developer since 1999.

This is the worst job market for IT and Software Development that I have seen since 2008.

---

not in that space, so trying to wrap my mind around this. It would seem with technology advancing, there would be a lot of demand for IT and developers....OR is it that the technology is improving so much that fewer people are needed?

---

I think that it is due to years of foreign incursion.

Step 1: Lay off someone making 160k that wants to work 40 hours a week.

Step 2: Hire an Indian in the US that will work for 70k in the US for 70 hours a week. If you sponsor a Visa it is nearly like having slave labor. They can't leave the job for a while. They can't object to assignments.

Step 3: Hire an Indian in India for $15 an hour to support the code that was produced by the developer in Step 2.

Step 4: Wait 5 years and Go to Step 1.

Honestly Covid proved that we can work from anywhere. The companies will continue to hire outside of the US at a faster rate. The work still exists. We need the same number of workers. The workers will be located somewhere else.

Son works for a public university in TX. They had a round of layoffs in the Spring. They are expecting another round of layoffs before the Fall semester if enrollment isn't up.

redseven94 said:

---

BassCowboy33 said:

---

LMCane said:

---

BassCowboy33 said:

---

LMCane said:

---

Logos Stick said:

---

We had a RIF the past couple of weeks.

Curious if it's my industry/company or more widespread.

---

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

The company, which has invested heavily in providing generative AI-powered accounting and tax preparation tools for small and medium businesses in the past few years, expects to close two of its sites in Edmonton, Canada, and Boise, Idaho.

---

My bro works with data in his engineering job. He says NVIDIA's tech has allowed 10x the work to be done by 1/10th the people. He says that they used to come in on a Monday, dole out huge amounts of drone-like work that would take days, and then it would get sorted and figured by week's end. Says parallel processing has made it so that the work is done in minutes and allows their engineers to then figure out the red flags and pertinent info. He thinks this stuff is going to usher in the next industrial revolution.

I imagine the tech will be a major boon in the tax industry.

---

I think you are 100% in your analysis and prediction

people don't realize the affect of AI on every company once it gets rolling in the next 5-10 years

---

People think of it as a way to have chat bots and such, which feels like it'll be quaint once the ball really gets rolling down the line. The question is how long it takes. It took 70 years for a steam engine to get put in a train, 40 years for infrastructure to be built around an automobile, 40 years for a computer to get inside homes. It'll go in fits and starts. There will be winners and losers. For the sake of my retirement, I hope Im a winner.

---

I watched a very interesting 60 Minutes interview about a month ago with the man who is widely credited with "inventing" AI. It's crazy what the future will
Probably hold. Total sci-fi movie type stuff coming in the not so distant future.

---

The thing with AI is that it will require enormous amounts of infrastructure to be built. The data centers and the power plants necessary to run them are going to be exhorbitant. Once the ball gets rolling construction will go nuts.

Interesting in that you don't hear anything about this publicly, i.e. any news media. I'm sure it circulates amongst forums such as this but not on a large scale.

Nanomachines son said:

---

redseven94 said:

---

BassCowboy33 said:

---

LMCane said:

---

BassCowboy33 said:

---

LMCane said:

---

Logos Stick said:

---

We had a RIF the past couple of weeks.

Curious if it's my industry/company or more widespread.

---

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

The company, which has invested heavily in providing generative AI-powered accounting and tax preparation tools for small and medium businesses in the past few years, expects to close two of its sites in Edmonton, Canada, and Boise, Idaho.

---

My bro works with data in his engineering job. He says NVIDIA's tech has allowed 10x the work to be done by 1/10th the people. He says that they used to come in on a Monday, dole out huge amounts of drone-like work that would take days, and then it would get sorted and figured by week's end. Says parallel processing has made it so that the work is done in minutes and allows their engineers to then figure out the red flags and pertinent info. He thinks this stuff is going to usher in the next industrial revolution.

I imagine the tech will be a major boon in the tax industry.

---

I think you are 100% in your analysis and prediction

people don't realize the affect of AI on every company once it gets rolling in the next 5-10 years

---

People think of it as a way to have chat bots and such, which feels like it'll be quaint once the ball really gets rolling down the line. The question is how long it takes. It took 70 years for a steam engine to get put in a train, 40 years for infrastructure to be built around an automobile, 40 years for a computer to get inside homes. It'll go in fits and starts. There will be winners and losers. For the sake of my retirement, I hope Im a winner.

---

I watched a very interesting 60 Minutes interview about a month ago with the man who is widely credited with "inventing" AI. It's crazy what the future will
Probably hold. Total sci-fi movie type stuff coming in the not so distant future.

---

The thing with AI is that it will require enormous amounts of infrastructure to be built. The data centers and the power plants necessary to run them are going to be exhorbitant. Once the ball gets rolling construction will go nuts.

---

Maybe that is what the Relis planned construction is about?

Are they actually laying off administrative people and just cutting down to people who do actual work (professors, teachers)?

Wife is a teacher and it's ridiculous how many administrators there are these days.

Don't learn to code?

Nanomachines son said:

---

redseven94 said:

---

BassCowboy33 said:

---

LMCane said:

---

BassCowboy33 said:

---

LMCane said:

---

Logos Stick said:

---

We had a RIF the past couple of weeks.

Curious if it's my industry/company or more widespread.

---

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

The company, which has invested heavily in providing generative AI-powered accounting and tax preparation tools for small and medium businesses in the past few years, expects to close two of its sites in Edmonton, Canada, and Boise, Idaho.

---

My bro works with data in his engineering job. He says NVIDIA's tech has allowed 10x the work to be done by 1/10th the people. He says that they used to come in on a Monday, dole out huge amounts of drone-like work that would take days, and then it would get sorted and figured by week's end. Says parallel processing has made it so that the work is done in minutes and allows their engineers to then figure out the red flags and pertinent info. He thinks this stuff is going to usher in the next industrial revolution.

I imagine the tech will be a major boon in the tax industry.

---

I think you are 100% in your analysis and prediction

people don't realize the affect of AI on every company once it gets rolling in the next 5-10 years

---

People think of it as a way to have chat bots and such, which feels like it'll be quaint once the ball really gets rolling down the line. The question is how long it takes. It took 70 years for a steam engine to get put in a train, 40 years for infrastructure to be built around an automobile, 40 years for a computer to get inside homes. It'll go in fits and starts. There will be winners and losers. For the sake of my retirement, I hope Im a winner.

---

I watched a very interesting 60 Minutes interview about a month ago with the man who is widely credited with "inventing" AI. It's crazy what the future will
Probably hold. Total sci-fi movie type stuff coming in the not so distant future.

---

The thing with AI is that it will require enormous amounts of infrastructure to be built. The data centers and the power plants necessary to run them are going to be exhorbitant. Once the ball gets rolling construction will go nuts.

---

Samsung gives preview of AI future with new smartphones

We're starting to see the base applications of the tech in everyday gadgets now. Samsung is seeing a significant jump in demand from its customers for AI-infused phones. The tech is fairly simple now, mostly in language models and internet search browsers, but it's already speeding up the customer/user experience. Apple's new software will all be able to be AI-compatible.

In that same vein, I saw IKEA is doing something similar, which allows customers to place/remove objects in their home and see what it looks like before they ever buy, a muscled-up version of what Amazon already does.

There's a decent chance the way we surf the web, talk, and shop will be completely different in 10-15 years.

the same morons who clamored for a $17 minimum wage to flip burgers

are the same morons who will be completely surprised and infuriated by the robots that take their jobs:

Wall Street Journal on Robots in Restaurants

BassCowboy33 said:

---

LMCane said:

---

BassCowboy33 said:

---

LMCane said:

---

Logos Stick said:

---

We had a RIF the past couple of weeks.

Curious if it's my industry/company or more widespread.

---

TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.

The company, which has invested heavily in providing generative AI-powered accounting and tax preparation tools for small and medium businesses in the past few years, expects to close two of its sites in Edmonton, Canada, and Boise, Idaho.

---

My bro works with data in his engineering job. He says NVIDIA's tech has allowed 10x the work to be done by 1/10th the people. He says that they used to come in on a Monday, dole out huge amounts of drone-like work that would take days, and then it would get sorted and figured by week's end. Says parallel processing has made it so that the work is done in minutes and allows their engineers to then figure out the red flags and pertinent info. He thinks this stuff is going to usher in the next industrial revolution.

I imagine the tech will be a major boon in the tax industry.

---

I think you are 100% in your analysis and prediction

people don't realize the affect of AI on every company once it gets rolling in the next 5-10 years

---

People think of it as a way to have chat bots and such, which feels like it'll be quaint once the ball really gets rolling down the line. The question is how long it takes. It took 70 years for a steam engine to get put in a train, 40 years for infrastructure to be built around an automobile, 40 years for a computer to get inside homes. It'll go in fits and starts. There will be winners and losers. For the sake of my retirement, I hope Im a winner.

---

there is a maxim that the time to develop new technology is exponential, not linear. so each new invention makes the time shorter than the last invention. and with computing power of micro-chips, it is also exponential and non-linear.

we may have sex robots today that look like a doll- but in 8 years they can look like this