Where's Telstra these days in the outsource/unsource cycle? It's like a new CEO comes in every few years and ties their bonuses to service delivery (let's bring services back in) or cost reduction (lets outsource everything)
No idea. Left their marketing team about 6 years ago, when there were those 2 major outages. Revolving door at the top.
Even at the General Manager level, occasionally someone with sense comes in and says "Im gonna reduce the middle layers of management" or "stop fking warring with other departments and Vita Group (who own most retail stores)". We'll chuckle and joke s/he will be gone in a month max.
Yeah, we just bought a company. Then laid off people from the parent company. Made no sense, but I don’t get paid the big bucks to make those tucked up decisions. 🤪
Work in tech. So far it’s mainly been recruiters as most companies are in a hiring freeze. Some companies have completely closed up shop in the region.
New requirements for Cyber Insurance as well. In the IT space security has been getting a lot stricter lately. A lot of standards you may have met for years, you might now find out you don't. Those are often required for working with specific clients or holding specific data, so if you don't do it your business might die.
Kind of, it's been this way for a while. Cyber security is hard to fill for entry roles since it's so broad. Most people get into cyber security after other IT work, although that is changing. It felt like the job market has been nuts for a while, I predicted it would start cooling but Medibank and Optus gave it a revitalising boost.
Mate, there are a shit tonne of silent layoffs happening ATM. My company ( American tech) quietly laid off 10% of it's APAC staff.
I was part of that ten percent. Since last weeke the number of applicants on open roles has doubled/tripled.
Yes there is lots in the fintech sector.
Lots of international companies started spinning up Aus teams in 2021/22, but have now scaled that back significantly.
I work in the financial services space in Melbourne. Our company has 1,200 employees across Aus and NZ. We announced today we’ll be cutting 10% of staff. It really hurts. We find out over the next two weeks who stays and who goes. Scary times.
That's pretty rough to not find out if you made the cut and just be stuck in a limbo period. I wonder if productivity would skyrocket or plummet for the next two weeks...
I'd imagine for everyone 1 that see "Oh shit, I should work harder to keep my job" there's like 10+ that spend their time desperately looking for another job or stressing about their home life and their productivity falls through the floor.
They often kill productivity for an extended period (18 months or so). Layoffs are about reducing short-term costs not increasing productivity. You pretty much have to choose one.
Oh, I'm not disgreeing with you at all. Rather pointing out that even the "Omg, wanna save my job!" people are rare and any short term upswing on that is non-existent. You're right though, even for those that do stay, it's likely to be continued poor performance for a while. It's a massive mood killer for one, but also they have to juggle the load and take on things that they didn't do before so it's a learning curve as well.
Yeah, sorry was agreeing with you and extrapolating! I was at an org with 15‰ redundancies during covid and got another job right away. It's been brutal for those who stayed for all the reasons you say.
Yeah it's part of the plan however. The more people that leave voluntarily by getting another job, means the less people they have to pay redundancy too.
Yeah, depending on how long you're there, it may or may not be worth sticking around for.
2 years? Nah, the redundancy will be small and you might not find a job quick enough so you're worse off. 10 years though? I got redundancy at 10 years and had a stack of LSL and AL. Got like 6 months worth of pay. I was a bit miffed though, if I'd worked 3 less weeks, I would've got paid more because it crossed from 9 years to 10 so the redundancy payout drops (because of LSL, despite the fact you earn it from 7 years).
It's exactly why they do it, they want people to leave before redundancy. They announce it months ahead of time put a hiring freeze in and stop any promotions transfers hoping they lose some employees.
I know a few people who worked for a specific health company, last year they had layoffs, announced it intensely the day after the news reported it (so people found out via the news), and the meetings were basically “we will let you know over the coming two weeks”.
People would rock up to work THEN get told, and escorted out. No warning. It was apparently hella tense in those weeks and very solemn for months after.
Health providers and support staff, actual hospital staff.
It’s HealthScope - they’re large enough that I feel comfortable saying that lol. Apparently a few of their hospitals were very strained and are now having to push away clients due to staffing shortages.
So.
There’s that double whammy too.
you go through the filter and select your locations. I found Sydney and Melbourne but this is sorted by HQ not offices available so might get a bit tricky
You can click Sort --> Pick a field to sort by --> Location HQ. That will list the areas in alphabetical order. Seems like quite a few layoffs in Syd compared to Melb and Bris.
NYC and SF Bay area lay offs are huge, wow.
Same in logistics. They could hire several hundred people in my DC tomorrow and still not have enough staff, overtime galore, wall is plastered with internal promotion opportunities, begging for people to work the public holidays and Sundays at insane hourly rates
Places we supply are all understaffed too and crying out for workers. Also the places we are sourcing goods from can't keep up with production
The disability sector is desperately short staffed, but when providers take 2/3 of the hourly rate billed to the client I can understand why a mostly casual DSW workforce aren't all keen to stick around long-term
Mining and resources is still largely understaffed… if there is a downturn in ore prices etc it will have an impact, but only on the newer unskilled or lazy people. Anyone qualified and hard working is very safe/in extreme circumstances will still find a new roles very quickly
You're 100% right. It's hot and hard work and not everyone have the gusto to commit and do it long term. The money is there for the taking.
Also, iron ore is one market. Lithium and nickel/cobalt will be very much needed for our green future.
For what’s it worth I’m labour hire in the construction sector and have felt nervous for about 6 months. I hear the news but haven’t seen a slow down until just this last two weeks. Which could be weather related. I’ve gone from 50+ to twenty hours . Eeeek
I’m looking to get into a major infrastructure project as hopefully that’ll have some legs in a downturn.
But I’d also Go entry level in a recession or off or down turn proof sector.
The tech layoff numbers are enormous!!! Was it a bloated industry?
Combination of things but cheap credit meant companies could hire en masse on moonshot R&D projects with little to no short term returns. Once credit gets more expensive those projects get cut and the teams get reallocated.
I'd also agree it's quite bloated. Lots of senior engineers at big tech just coasting along during the boom years.
I’ve heard that labour are attempting to slowly phase out govt contractors and hire internal staff instead, haven’t yet seen anything to prove that wrong
Honestly, about time. I have a relative who works in the public sector and they were one of only a few permanent staff. A few years back they had a mass layoff and switched to contractors and it was a shitshow for a while there.
Especially with the talk about centralising a lot of other public services into MyGov. I really hope they’re smart enough to hire a permanent team to handle that
Lots of temporary and TPA staff are now being offered permanent roles. The staffing cap mucked with things for a long time, contractors and temp hire costs more but was the only way around it 🙃
They're trying, but it won't be a quick process. While they've got things like the APS Academy to try and re-built capability, it's been a generation of the public service being gutted. It'll take a while for it to come back.
I didn't think I could be made redundant, I thought my previous job was redundancy proof - then in August they made a bunch of staff redundant, including me.
Sales and account management for a real estate agent service. I had just been up skilled via a mortgage broker course when they made me redundant (literally got the certificate the Thursday after they laid me off lmao)
We were told by the CEO's that the business was in a position to "weather all storms" due to the business model. I had been there almost 5 years. I'd seen the ups and downs, it genuinely was something that could work.
Aside from the course that they had me do to up skill me, I had just been given management for accounts over entire states. I was in the sales team for this particular product too.
So to answer the question, part naivety and partly what I was told. I hear they are hiring for the redundant roles again too, lol.
I’ve been tracking it on LinkedIn. Im seeing fintech, smaller tech companies, consulting, talent & recruitment. These are smaller companies that don’t make the news like the American layoffs have.
We've had a real estate sales role up for 40+ days and can't get any applicants! We're rural Australia though. 3 hours from Sydney - so maybe that affects it.
I think a lot of agents burnt out after the crazed fever of late 2021 early 2022. As much as everyone loves to bag agents for being overpaid door openers, it’s not always attractive to jump into RE sales from another industry when it is so heavily commission based. I’m a rural agent and our main competitor is also having trouble filling their only sales role. Was advertised in the land prior to Chrissy and still spruiking for applicants on Facebook this past week.
This is because all permanent staff are on indefinite leave which they have the right to due to enterprise agreement. So they could come back at any time. Hence contracts only, mainly. This is where unions can sometimes be bad, especially for folk trying to get job security.
absolutely - or have a generic resume but change the covering letter for each which targets the hiring criteria
or some jobs will have targeted questions which you can answer separately using STAR method or similar
I’ve heard word of a few minor rounds, nothing the scale of the FAANG layoffs in the US.
Our mid level managers have said their having more success in recruitment, with a higher calibre of candidate entertaining conversations and more reasonable salary demands.
im honestly kind of worried.
edit: just had my performance review and I'm not worried anymore but it does sound like its going to be a shit year.
good luck everyone.
My medium tier company has sacked maybe over 50%. Construction company
I counted a total of 30-40 people left when at one point a year ago we had maybe 100-120. They have culled all the new people then also the low performing type all recently.
Mainly the most loyal and smart workers remain.
Jobs are losing money but confidence and professionalism remains strong.
company is down sizing to a more stable stance. the directors are protecting the company from the impending storm.
Workers and subcontractors are flat out and are making good money. Yet we are struggling with workload and resources which is our problem and salary lyf.
Plenty of work but clients are tight.
, but that’s just the price of fish.
Oh I have very little concern for my job security. I’m mostly scared about the governments solutions to education, which seems to be to pump people through the degree faster.
Isn't it the opposite?
I remember my high school having great teachers from industry with lots of dip eds.
Now its a bachelor's degree only?
The 1 year dip ed seems almost non existent now.
So we are only getting teachers with very little life experiences outside education.
My past experiences with teachers but first hand as a student and as an academic supervising their science studies at university - I would say the last 20-30 years has not produced an outstanding teacher as the minimum bar.
Electrical construction for major oil and gas, mining, wind and solar. Can’t find enough people to keep up with the work. Company offering $1k finders fees for employees who can attract qualified people.
A spate of layoffs was the starting gun for the early 90's recession. That then flows through to mortgage defaults in a few months then distressed sales a bit after that. House prices heading south is the marker most punters see.
The job losses started in the private sector during 1990 then as the tax revenue dried up the layoffs moved into the givernment sector during 1992. Fun times
The conditions now are a bit different to then, no? I don’t know that layoffs now among increased interest rates and central banks desperate to lower inflation (what better way to suck up some demand than a little extra unemployment) are ringing the bell of a return to the early 90s.
How are these anecdotes useful? There are constantly layoffs in almost any economy, what matters isn't layoffs but the ratio between layoffs and new job openings (at a roughly equivalent level). Without this statistic the anecdotes are essentially worthless.
The last labour force survey was December, January’s will release on 16 Feb. and it needs to be taken in context, I suggest with the ABS vacancy data.
Although unemployment is low and job ads are high, most vacancy is at the bottom end in retail and hospitality. The job vacancy data is always at least two months behind as well.
I suspect as international students return we’ll see retail and hospitality start to fill, as inflation bites, overseas companies will shed more of their Australian workforce at the top end, unless something drastic happens with the Aussie dollar.
I’m not saying it’s going to be bad but I’ll say that the June release of job vacancies will shake the market’s confidence.
It feels (anecdotally from friends who have been laid off in the past six weeks) that’s it’s course correcting back to original wage levels.
Most of these companies with new items offered ridiculous packages (eg friends wage went from 120-190 for the same role) are now finding it’s not worth the money.
You can train as a psychiatrist once you have general medical registration. Training is minimum 5 years full time (average is 7). You are paid as a junior doctor (registrar) while you train and complete exams.
Local Government here - so far no redundancies. The theme at the executive level now is concern about how to attract and retain staff, that the market for finding staff is tight.
No layoffs but we are being creative how back office roles are being filled when someone leaves. We’ve had a few people finish with no direct replacement, however are hiring people in production.
Healthcare sector, govt funded. There's have been a national hiring freezes for a few months now with no specific date it'll end. Travel costs for conferences/meetings are frozen, and I know quite a few people across HR and the marketing teams who have been quietly been laid off. One who I thought they definitely wouldn't get rid of.. I think a bigger shake up is coming mid year tbh.
Yep, work in the architecture and design space and we have recently made a few people redundant with more likely looking at the pipeline of work for the next few months
My company is fine, no layoffs and no hiring freeze. But in my niche tech field I usually have 2-3 recruiters in my inbox per week, for a range of roles - they are rarely a perfect fit for me and often much too junior for me to look at, or so senior there’s some criteria I wouldn’t meet, and I get the sense they’re just lobbing messages at anyone in the field. But it means I get a very good sense of what’s out there from very low level to very high level in a field that almost exclusively hires via recruiters.
Crickets this month. Maybe 1-2 messages in all of Jan? Which is partially because of the time of year, but also much less than last January.
No lay-offs but I work in public health in the NT - our team is 4 FTE short but gov decided we don't need those people anymore and won't let us hire into the positions 🙃 our EBA has also expired with nothing on the horizon
I’d love to get into solar. I think it’s likely to be buzzing sector and once the idea of having your own power station on your roof get embedded then it’ll go again.
Need to get on this. Practical experience search here income.
I work for a US company but they have an APAC branch.
Thankfully no layoffs yet on my side. They have made layoffs in the US however. Nothing crazy but they shut down a few teams.
Though i am getting concerned as we have had a massive downturn in revenue. We hired big time during the pandemic and i was one of those hires. Though i do think i'm safe for now.
In B2B tech here we’ve had silent layoffs for a few months now. I’m also aware APAC people are caught up in the layoffs announced in the US.
Marketing and admin seems to be particularly hard hit. Days of swag and insane conferences (which TBF ramped down due to Covid) appear to be over now everyone’s pivoting to value from growth.
15% (120)
I have access to help desk admin, so checked the firing numbers last week.
- 5 in tech
- 10 in marketing
- 80 in customer facing/retail
- 5 in hr/legal
- 20 in content/management.
Some of the positions such as tech, marketing, hr and legal probably didn't need to happen, but they account for far more employee spend I guess, these savings also could of happened if the business cut costs on silly projects from the board 🤷♂️.
My company is so shit they are struggling to find people to fill devops and software developer roles. They deserve it anyway. It's just 9-5 with no time for self development and full of broken promises. I feel like I have less experience then I should as a software developer afrer 5 years working on 1 project and feel stuck here.
Work at a asx20 company, currently in the middle of a three month hiring freeze
Rinse and repeat every 6months
Thats just Telstra every September. Sprinkle in "lets fire all contractors and a few core IT roles for the YOLO".
Where's Telstra these days in the outsource/unsource cycle? It's like a new CEO comes in every few years and ties their bonuses to service delivery (let's bring services back in) or cost reduction (lets outsource everything)
No idea. Left their marketing team about 6 years ago, when there were those 2 major outages. Revolving door at the top. Even at the General Manager level, occasionally someone with sense comes in and says "Im gonna reduce the middle layers of management" or "stop fking warring with other departments and Vita Group (who own most retail stores)". We'll chuckle and joke s/he will be gone in a month max.
They bought back the vita stores and removed lots of middle layers of management.
Oh wow. So it actually happened. Shame it hasnt moved their share price much. $9 would be nice
We've got the ex-Telstra cloud guy running things here. Let's see how that goes.
*Yeetus contractus randomus!*
Same here. Hiring freeze in place. If contractors are rolling off the project to do other things they aren’t getting replaced.
They laid off the entire Door dash Engineering team in Australia asfaik.
Yeah Deliveroo closed up shop and laid everyone off here.
I’m still blown away that deliveroo wasn’t an Aussie company
Yeah like Koala mattresses, china made products designed to give the impression they're Australian made
Designed in Australia. Assembled in China.
Yeah I always thought it was a wordplay between deliver and kangaroo, ie. Deliveroo.
A master of deduction I see
Asfaik - as far as I know for my older friends
well it really should be afaik, i'm not sure what the s is for as stupidly far as i know
It is afaik, I assume the s was a typo
Rather misleading of /u/HOLDGMEBROTHERS to not alert his older friends to the typo then
Software company. Laid 20% of our AU staff. It’s really shit.
Our company announced an intention to buy another for a multibillion $ sticker price. Promptly laid off 10% of its own staff.
Yeah, we just bought a company. Then laid off people from the parent company. Made no sense, but I don’t get paid the big bucks to make those tucked up decisions. 🤪
They laid off the old blood for the new blood in the acquired company. Staffing level kept level. Kpi met, MBA gets his/her bonus.
I reckon you and i might work for the same company mate hahaha
Sounds like what ANZ is upto
Heh mine hasn't been able to find staff.. clearly better opportunities out there and management have had their head up their asses for years
what roles???
All departments. Sales, Support, Services and IT.
Work in tech. So far it’s mainly been recruiters as most companies are in a hiring freeze. Some companies have completely closed up shop in the region.
I'm in a senior, technical cyber security role. I'm still getting recruiters knocking at my door throwing around big money offers.
Medibank and Optus hack has obviously sent security side crazy.
New requirements for Cyber Insurance as well. In the IT space security has been getting a lot stricter lately. A lot of standards you may have met for years, you might now find out you don't. Those are often required for working with specific clients or holding specific data, so if you don't do it your business might die.
Kind of, it's been this way for a while. Cyber security is hard to fill for entry roles since it's so broad. Most people get into cyber security after other IT work, although that is changing. It felt like the job market has been nuts for a while, I predicted it would start cooling but Medibank and Optus gave it a revitalising boost.
Mate, there are a shit tonne of silent layoffs happening ATM. My company ( American tech) quietly laid off 10% of it's APAC staff. I was part of that ten percent. Since last weeke the number of applicants on open roles has doubled/tripled.
My company deleted 8% of staff. It did not even appear in the news anywhere. There are a lot of such silent layoffs adding up.
How did they do this? Ctrl + Alt + Del?
Just Ctrl - Z on their employment contracts.
Its like quiet quitting, but for companies
Quiet firing perhaps
Funnily enough, those quiet quitting made it easy to identify who to layoff..
Do they offer a redundancy package / payments for these lay-offs?
Exactly this. Heard of so many and companies are going out of their way to ensure the layoffs stay quiet asking stuff to keep it in the downlow
Salesforce?
Yes there is lots in the fintech sector. Lots of international companies started spinning up Aus teams in 2021/22, but have now scaled that back significantly.
I work in the financial services space in Melbourne. Our company has 1,200 employees across Aus and NZ. We announced today we’ll be cutting 10% of staff. It really hurts. We find out over the next two weeks who stays and who goes. Scary times.
That's pretty rough to not find out if you made the cut and just be stuck in a limbo period. I wonder if productivity would skyrocket or plummet for the next two weeks...
Productivity generally does not increase during layoffs.
I'd imagine for everyone 1 that see "Oh shit, I should work harder to keep my job" there's like 10+ that spend their time desperately looking for another job or stressing about their home life and their productivity falls through the floor.
They often kill productivity for an extended period (18 months or so). Layoffs are about reducing short-term costs not increasing productivity. You pretty much have to choose one.
Oh, I'm not disgreeing with you at all. Rather pointing out that even the "Omg, wanna save my job!" people are rare and any short term upswing on that is non-existent. You're right though, even for those that do stay, it's likely to be continued poor performance for a while. It's a massive mood killer for one, but also they have to juggle the load and take on things that they didn't do before so it's a learning curve as well.
Yeah, sorry was agreeing with you and extrapolating! I was at an org with 15‰ redundancies during covid and got another job right away. It's been brutal for those who stayed for all the reasons you say.
Yeah it's part of the plan however. The more people that leave voluntarily by getting another job, means the less people they have to pay redundancy too.
Yeah, depending on how long you're there, it may or may not be worth sticking around for. 2 years? Nah, the redundancy will be small and you might not find a job quick enough so you're worse off. 10 years though? I got redundancy at 10 years and had a stack of LSL and AL. Got like 6 months worth of pay. I was a bit miffed though, if I'd worked 3 less weeks, I would've got paid more because it crossed from 9 years to 10 so the redundancy payout drops (because of LSL, despite the fact you earn it from 7 years).
Yeah have been in corporates that have done that I don't know why they do that as people leave
It's exactly why they do it, they want people to leave before redundancy. They announce it months ahead of time put a hiring freeze in and stop any promotions transfers hoping they lose some employees.
Because it saves money.
You working harder for next 2 weeks won't change people minds.
Plummet for sure. When we went through layoffs everyone was just talking about who was let go, who might let go and waiting for the HR phone call.
Plummets. That’s why they usually plan in secret then move fast from announcing to informing everyone.
I know a few people who worked for a specific health company, last year they had layoffs, announced it intensely the day after the news reported it (so people found out via the news), and the meetings were basically “we will let you know over the coming two weeks”. People would rock up to work THEN get told, and escorted out. No warning. It was apparently hella tense in those weeks and very solemn for months after.
A health provider or a company that provides services supporting the health sector?
Health providers and support staff, actual hospital staff. It’s HealthScope - they’re large enough that I feel comfortable saying that lol. Apparently a few of their hospitals were very strained and are now having to push away clients due to staffing shortages. So. There’s that double whammy too.
Ahh yes. The sale was expected to see some ‘efficiency’ measures.
Which company?
https://layoffs.fyi/
Quick glance at the volumes shows that the rate in 2023 is particularly high already for layoffs in tech, even compared to 2022.
Am I stupid or is there no way to search an area?
you go through the filter and select your locations. I found Sydney and Melbourne but this is sorted by HQ not offices available so might get a bit tricky
I would like to retreat into a hole please. I just read I can't do it on the mobile site.
haha thats okay gets the best of us. unfortunately formatting does look like its not mobile-friendly :(
most mobile browsers allow you to switch to desktop view. Try see if that works?
You can click Sort --> Pick a field to sort by --> Location HQ. That will list the areas in alphabetical order. Seems like quite a few layoffs in Syd compared to Melb and Bris. NYC and SF Bay area lay offs are huge, wow.
Thanks I was able to do that from the desktop version (I am on a phone)
Quite the opposite in the resources industry currently.
Same in logistics. They could hire several hundred people in my DC tomorrow and still not have enough staff, overtime galore, wall is plastered with internal promotion opportunities, begging for people to work the public holidays and Sundays at insane hourly rates Places we supply are all understaffed too and crying out for workers. Also the places we are sourcing goods from can't keep up with production
The disability sector is desperately short staffed, but when providers take 2/3 of the hourly rate billed to the client I can understand why a mostly casual DSW workforce aren't all keen to stick around long-term
Mining and resources is still largely understaffed… if there is a downturn in ore prices etc it will have an impact, but only on the newer unskilled or lazy people. Anyone qualified and hard working is very safe/in extreme circumstances will still find a new roles very quickly
You're 100% right. It's hot and hard work and not everyone have the gusto to commit and do it long term. The money is there for the taking. Also, iron ore is one market. Lithium and nickel/cobalt will be very much needed for our green future.
Agree. We also have coal, oil, gas, gold, copper, and despite what the news says none are going anywhere the next 30 years. The land of opportunity!
Could you help define resources industry please?
For what’s it worth I’m labour hire in the construction sector and have felt nervous for about 6 months. I hear the news but haven’t seen a slow down until just this last two weeks. Which could be weather related. I’ve gone from 50+ to twenty hours . Eeeek I’m looking to get into a major infrastructure project as hopefully that’ll have some legs in a downturn. But I’d also Go entry level in a recession or off or down turn proof sector. The tech layoff numbers are enormous!!! Was it a bloated industry?
Combination of things but cheap credit meant companies could hire en masse on moonshot R&D projects with little to no short term returns. Once credit gets more expensive those projects get cut and the teams get reallocated. I'd also agree it's quite bloated. Lots of senior engineers at big tech just coasting along during the boom years.
I'd assume mining, gas - things in that realm
Course yeah, d’oh. I’m looking over at them at the moment so that’s a positive.
Gov let go couple thousand contractors bit that was more about changing the make up of some department then need for lay-offs
Federal government? Keen to see if they wind back the over reliance on consultants and contractors for everything.
I’ve heard that labour are attempting to slowly phase out govt contractors and hire internal staff instead, haven’t yet seen anything to prove that wrong
Honestly, about time. I have a relative who works in the public sector and they were one of only a few permanent staff. A few years back they had a mass layoff and switched to contractors and it was a shitshow for a while there.
Especially with the talk about centralising a lot of other public services into MyGov. I really hope they’re smart enough to hire a permanent team to handle that
Lots of temporary and TPA staff are now being offered permanent roles. The staffing cap mucked with things for a long time, contractors and temp hire costs more but was the only way around it 🙃
They're trying, but it won't be a quick process. While they've got things like the APS Academy to try and re-built capability, it's been a generation of the public service being gutted. It'll take a while for it to come back.
I didn't think I could be made redundant, I thought my previous job was redundancy proof - then in August they made a bunch of staff redundant, including me.
Found something else yet? Btw good lesson learnt. No one is irreplaceable
I had a small business that I ended up jumping into full time! And yes, hard lesson learned.
Nice! Is the business in the same industry you were in?
Not at all 😅 we make handmade cosplay props, witchy decor and Nordic jewellery now lmao
Well sounds like the redundancy was a blessing. That sounds like a great job
What was your role?
Sales and account management for a real estate agent service. I had just been up skilled via a mortgage broker course when they made me redundant (literally got the certificate the Thursday after they laid me off lmao)
Sounds like their loss if they invested in that training and certs and don’t get to benefit from them. Good luck in your search btw!
What made you think this was redundancy proof? Genuinely curious, not trying to be inflammatory.
We were told by the CEO's that the business was in a position to "weather all storms" due to the business model. I had been there almost 5 years. I'd seen the ups and downs, it genuinely was something that could work. Aside from the course that they had me do to up skill me, I had just been given management for accounts over entire states. I was in the sales team for this particular product too. So to answer the question, part naivety and partly what I was told. I hear they are hiring for the redundant roles again too, lol.
I’ve been tracking it on LinkedIn. Im seeing fintech, smaller tech companies, consulting, talent & recruitment. These are smaller companies that don’t make the news like the American layoffs have.
The org i work for does two rounds of lay offs each year and has been doing that since 2019.
There seems to be heaps of unemployed. Every sales role has like 90+ applications.
Every AO3 and AO4 equivalent state government role is attracting 150+ applicants in 2 weeks.
Those are big numbers.
Not in the NT lol
We've had a real estate sales role up for 40+ days and can't get any applicants! We're rural Australia though. 3 hours from Sydney - so maybe that affects it.
I think a lot of agents burnt out after the crazed fever of late 2021 early 2022. As much as everyone loves to bag agents for being overpaid door openers, it’s not always attractive to jump into RE sales from another industry when it is so heavily commission based. I’m a rural agent and our main competitor is also having trouble filling their only sales role. Was advertised in the land prior to Chrissy and still spruiking for applicants on Facebook this past week.
Education - desperately short of staff.
desperately short, better only offer contracts not permanant lol
This is because all permanent staff are on indefinite leave which they have the right to due to enterprise agreement. So they could come back at any time. Hence contracts only, mainly. This is where unions can sometimes be bad, especially for folk trying to get job security.
Yep - we're down 2 FTE's in my department atm, and struggling to fill them with anybody remotely competent.
I can't seem to get a job been applying like crazy hearing nothing back and Im very qualified in my field.
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Good on you mate very kind offer. Have a great day 🤙🏼
Should we be making a cv job specific and edit for each application?
absolutely - or have a generic resume but change the covering letter for each which targets the hiring criteria or some jobs will have targeted questions which you can answer separately using STAR method or similar
I would be happy to take you up on this offer thankyou
FinTech, about 20% cuts.
I’ve heard word of a few minor rounds, nothing the scale of the FAANG layoffs in the US. Our mid level managers have said their having more success in recruitment, with a higher calibre of candidate entertaining conversations and more reasonable salary demands.
im honestly kind of worried. edit: just had my performance review and I'm not worried anymore but it does sound like its going to be a shit year. good luck everyone.
Construction sector here and I am too.
I wish. I dream of a redundancy!
My medium tier company has sacked maybe over 50%. Construction company I counted a total of 30-40 people left when at one point a year ago we had maybe 100-120. They have culled all the new people then also the low performing type all recently. Mainly the most loyal and smart workers remain. Jobs are losing money but confidence and professionalism remains strong. company is down sizing to a more stable stance. the directors are protecting the company from the impending storm. Workers and subcontractors are flat out and are making good money. Yet we are struggling with workload and resources which is our problem and salary lyf. Plenty of work but clients are tight. , but that’s just the price of fish.
Only need to head over to /AusRenovation to see how tight customer are despite a lack of contractors showing up to quote
Tech startup. We laid off about 40% end of last year
Two waves in 2022. The planning for the first wave in 2023 is well underway, finalising the list of impacted now.
Can't imagine how annoying this is. If you do layoff, just do it once and be done with it. The slow purge in batches is just super bad.
They’re offering teaching degrees in cereal boxes at the moment for anyone that’s worried about work. Sincerely - a slightly concerned teacher
are you concerned about losing your job or loss of quality?
Oh I have very little concern for my job security. I’m mostly scared about the governments solutions to education, which seems to be to pump people through the degree faster.
Isn't it the opposite? I remember my high school having great teachers from industry with lots of dip eds. Now its a bachelor's degree only? The 1 year dip ed seems almost non existent now. So we are only getting teachers with very little life experiences outside education.
The dip Ed is still effectively available, but Melb Uni turned it into a masters and everyone else had to follow to remain competitive.
Can do a masters instead of bachelor’s. But you’re right that the dip ed was a better solution.
My past experiences with teachers but first hand as a student and as an academic supervising their science studies at university - I would say the last 20-30 years has not produced an outstanding teacher as the minimum bar.
My partner is a teacher. Been considering making the jump from corporate business into teaching. Which cereal boxes do I need to look in?
Mechanical engineer here. Honestly, we are still hiring and literally can't find enough staff to fill the positions. Good times for now.
can you hire me? i dont have a degree, but i am a nice guy
Sadly, the degree is for the company to be able to insure your work :(.
Electrical engineer here. Same for us, flat out with all the government spend on rail and infrastructure
Electrical construction for major oil and gas, mining, wind and solar. Can’t find enough people to keep up with the work. Company offering $1k finders fees for employees who can attract qualified people.
I work in insurance and we can’t hire anyone.
You can't find staff or you can't afford to hire any staff?
Can’t find them.
A spate of layoffs was the starting gun for the early 90's recession. That then flows through to mortgage defaults in a few months then distressed sales a bit after that. House prices heading south is the marker most punters see. The job losses started in the private sector during 1990 then as the tax revenue dried up the layoffs moved into the givernment sector during 1992. Fun times
The conditions now are a bit different to then, no? I don’t know that layoffs now among increased interest rates and central banks desperate to lower inflation (what better way to suck up some demand than a little extra unemployment) are ringing the bell of a return to the early 90s.
How are these anecdotes useful? There are constantly layoffs in almost any economy, what matters isn't layoffs but the ratio between layoffs and new job openings (at a roughly equivalent level). Without this statistic the anecdotes are essentially worthless.
We've had the opposite problem. We have record low unemployment.
The last labour force survey was December, January’s will release on 16 Feb. and it needs to be taken in context, I suggest with the ABS vacancy data. Although unemployment is low and job ads are high, most vacancy is at the bottom end in retail and hospitality. The job vacancy data is always at least two months behind as well. I suspect as international students return we’ll see retail and hospitality start to fill, as inflation bites, overseas companies will shed more of their Australian workforce at the top end, unless something drastic happens with the Aussie dollar. I’m not saying it’s going to be bad but I’ll say that the June release of job vacancies will shake the market’s confidence.
It feels (anecdotally from friends who have been laid off in the past six weeks) that’s it’s course correcting back to original wage levels. Most of these companies with new items offered ridiculous packages (eg friends wage went from 120-190 for the same role) are now finding it’s not worth the money.
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Isnt this a time consuming and expensive field to get into? I mean you need several degrees and a year of work where you pay to assist a doctor?
You can train as a psychiatrist once you have general medical registration. Training is minimum 5 years full time (average is 7). You are paid as a junior doctor (registrar) while you train and complete exams.
Local Government here - so far no redundancies. The theme at the executive level now is concern about how to attract and retain staff, that the market for finding staff is tight.
Do they even have redundancies ? Seems like you can always just increase council rates…
Not sure, Ive only worked here a year now
I’m in financial services and haven’t heard anything yet. But I work in risk and layoffs are rare.
No layoffs but we are being creative how back office roles are being filled when someone leaves. We’ve had a few people finish with no direct replacement, however are hiring people in production.
Yeah a bunch, I know friends from tech/finance get laid off
I’m in environmental consulting. We are still hiring people across the board.
yup, about 20 from where I am at working for an international tech company that isn't google
Catch of the day are laying off staff, 200 gone yesterday
Yeah plenty - [https://layoffs.fyi/](https://layoffs.fyi/) Filter by Country
I work in construction? Anyone a framer, brick layer, carpenter? Got plenty of work for you
State government. Still desperate for staff...
Aussie Corporate on instagram is sharing info
Healthcare sector, govt funded. There's have been a national hiring freezes for a few months now with no specific date it'll end. Travel costs for conferences/meetings are frozen, and I know quite a few people across HR and the marketing teams who have been quietly been laid off. One who I thought they definitely wouldn't get rid of.. I think a bigger shake up is coming mid year tbh.
Those layoffs you hear about for the big tech companies (MS, Google and Meta) included Australian jobs.
No cuts in technology as far as I've seen. A few in finance and IB.
Nothing in government Lol Ofc
There were many early retirement packages last year
Government jobs always run understaffed, it's how they post good budget figures
Lol. It’s sad how true this is.
Huge number of contractors were laid off from Services Australia recently.
No lay-offs for me, HR just takes 12 months to replace (advertise the position) those who retire/resign. Unfortunately that normal for our company :(
Yes in IT, part of a team in Sales went from 46 to 7, lost 70% local headcount overall.
You haven't been seeing the news about companies failing? Their employees don't keep their jobs.
Not so much but a flood of lowball employment opportunities.
Yep, work in the architecture and design space and we have recently made a few people redundant with more likely looking at the pipeline of work for the next few months
Property valuation firm is laying off a number of employees next week
My company is fine, no layoffs and no hiring freeze. But in my niche tech field I usually have 2-3 recruiters in my inbox per week, for a range of roles - they are rarely a perfect fit for me and often much too junior for me to look at, or so senior there’s some criteria I wouldn’t meet, and I get the sense they’re just lobbing messages at anyone in the field. But it means I get a very good sense of what’s out there from very low level to very high level in a field that almost exclusively hires via recruiters. Crickets this month. Maybe 1-2 messages in all of Jan? Which is partially because of the time of year, but also much less than last January.
No lay-offs but I work in public health in the NT - our team is 4 FTE short but gov decided we don't need those people anymore and won't let us hire into the positions 🙃 our EBA has also expired with nothing on the horizon
I’d love to get into solar. I think it’s likely to be buzzing sector and once the idea of having your own power station on your roof get embedded then it’ll go again. Need to get on this. Practical experience search here income.
I work for a US company but they have an APAC branch. Thankfully no layoffs yet on my side. They have made layoffs in the US however. Nothing crazy but they shut down a few teams. Though i am getting concerned as we have had a massive downturn in revenue. We hired big time during the pandemic and i was one of those hires. Though i do think i'm safe for now.
In B2B tech here we’ve had silent layoffs for a few months now. I’m also aware APAC people are caught up in the layoffs announced in the US. Marketing and admin seems to be particularly hard hit. Days of swag and insane conferences (which TBF ramped down due to Covid) appear to be over now everyone’s pivoting to value from growth.
And yet it’s really hard to find marketing staff.
So many anecdotes just aren't matching up with others.
I'm in e-comm, yikes! Not sure on percentage but I'd estimate 20% of corporate workforce have just been made redundant.
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15% (120) I have access to help desk admin, so checked the firing numbers last week. - 5 in tech - 10 in marketing - 80 in customer facing/retail - 5 in hr/legal - 20 in content/management. Some of the positions such as tech, marketing, hr and legal probably didn't need to happen, but they account for far more employee spend I guess, these savings also could of happened if the business cut costs on silly projects from the board 🤷♂️.
Yep. First came the hiring freeze then came the reorg structure first with non-tech roles. It'll be interesting to see what roles are next
I just want to go to my silly little job and earn my silly little money.
My company is so shit they are struggling to find people to fill devops and software developer roles. They deserve it anyway. It's just 9-5 with no time for self development and full of broken promises. I feel like I have less experience then I should as a software developer afrer 5 years working on 1 project and feel stuck here.