Hi All.
Since last few months, many companies portraying recession crsises.
But as far as we see, there is a shortage in resources everywhere and in Telecom, ICT and other fields.
And companies are unable to hire good resources due to unavailability.
What is the actual fact? Anyone can explain?
We are still not in recession.
Most companies are anticipating recession and taking pre-emptive actions.
Expect recession in Q2/Q3 of 2023.
Companies will be forced to cut jobs in recession.
People who were not working in 2008/2009 may not properly understand the gravity of the situation.
It is not like this.
10-15 years ago I used to receive 5-6 emails per days with job offers. Nowadays I get maybe one offer per month! Very few job offers.
Also profile of jobs changed a lot. Nowadays they want a guru for every job offer, something like 10-15 years ago 3 people were doing now they want it done by one single guy.
You are absolutely right.
And after 5 years Zero Guy. (All AI Based 
)
Don’t be so sure AI will do all the job.
3 years ago Huawei said that in 2 years all their network will work fully on SON.
Time passed and they are not yet there.
But I agree this is the trend: automatization in everything.
There is certainly Job cuts, hope there is new ways to recover… in my opinion there is chances for recession in telecom >
What is happening since few years ago is that optimization is not parameter related like back in 2010 (handover parameters, timers, thresholds… not it’s better to relay on SON, AMO, ANR, etc for this kind of optimization)… now is every vendor to develop their features, and is the consultant that needs to know and understand the feature description per vendor so you con advice your clients about whats the road map and strategy to follow… time changes and every one of us needs to change with it.
There will always be RF consultancy jobs
Even AI gets more and more commercial.
Time changes everything indeed.
There are now less than 10% of the RF jobs that were on the market in the year 2002-2004.
You may not know but an RF engineer was paid with over 1000 usd per day during those years.
Today if he makes 300 per day he is happy.
23.06.2022 Netflix - 300 - Netflix Layoffs Continue as 300 More Employees Are Fired - Variety
01.07.2022 Parallel Wireless 500 - Telecom gear firm Parallel Wireless lays off 500 employees including in India | Business Insider India
26.07.2022 Shopify 1,000 - Shopify Laying Off 1,000 Employees, CEO Says in Memo
31.08.2022 Snap 1,000 - SnapChat Will Lay Off More Than 1,000 Workers
03.11.2022 Stripe 1,100 - Stripe cuts 14% of its workforce, CEO says they 'overhired for the world we're in' • TechCrunch
09.11.2022 Meta 11,000 - Meta Confirms Layoffs—11,000 Jobs Cut At Facebook’s Parent Company
18.11.2022 Carvana 1,500 - https://www.cnbc.com/2022/11/18/carvana-to-lay-off-1500-employees-amid-economic-uncertainty-.html
22.12.2022 Tesla 6,000 - Tesla Readying To Cut Jobs And Freeze Hiring | Carscoops
04.01.2023 Salesforce 7,000 - Salesforce to cut 10% of workforce after hiring "too many people" | Reuters
05.01.2023 Amazon 18,000 - Amazon to axe 18,000 jobs as it cuts costs - BBC News
10.01.2023 Coinbase 2,000 - https://www.cnbc.com/2023/01/10/coinbase-to-slash-20percent-of-workforce-in-second-major-round-of-job-cuts.html
18.01.2023 Microsoft - Microsoft announces big layoffs that will affect 10,000 employees - The Verge
19.01.2023 Twitter 3,700 - Twitter Layoffs: More Job Cuts Likely, Employee Count May Slip Below 2000, Says Report
20.01.2023 Google 12,000 - Google parent Alphabet to cut 12,000 jobs - BBC News
25.01.2023 IBM 3,900 - IBM cuts 3,900 jobs, misses annual cash target | Reuters
After recent explosive growth in Big Techs, employees (and companies) are now with challenges:
As a result, companies are firing!
Has the Bubble Burst? Are Big Tech in trouble?
Or - my opinion: Companies think that salaries are too high, inflated, and with that, they will manage to level down?