“According to one count, more than 280,000 people were laid off from tech jobs in 2022 and the first two months of 2023,” notes a new blog post at Stack Overflow.
But then it asks the question: “What’s different about these layoffs?”

[T]he current economy has less in common than you might think with the wreckage of the dot-com bubble or the Great Recession. Overall, it’s still a good time to work in tech, and the hiring market remains robust: One survey found that almost 80% of people laid off in tech found new roles within three months of launching their job search. There are more open tech positions than people to fill them (about 375,000, according to one estimate), and job listings between January and October 2022 were up 25% over the same period in 2021.
If the job market isn’t as dire as we think, why does this round of layoffs feel so widespread, affecting companies often perceived as more recession-proof than their peers? Part of the answer may be what organizational behavior experts have termed “copycat layoffs.” “Laying off employees turns out to be infectious,” writes Annie Lowrey in The Atlantic. “When executives see their corporate competitors letting go of workers, they seize what they see as an opportunity to reduce their workforce, rather than having no choice but to do so….”

In many cases, workers laid off by household-name tech companies have found new jobs outside the traditional parameters of the tech industry, where their skill sets are in high demand. As Matt McLarty, global field chief technology officer for MuleSoft, told CNBC, businesses that have long needed tech professionals to upgrade their stack or guide a long-delayed cloud migration can now scoop up freshly laid-off tech workers (and those for whom Silicon Valley has lost its luster). Companies in energy and climate technology, healthcare, retail, finance, agriculture, and more are hiring tech pros at a steady clip, even if FAANG companies are less bullish. It’s been said before that every company is a tech company, but in 2023, that’s truer than ever. In fact, the biggest difference for tech workers this year, reports The New Stack, is that “the greatest opportunities may not lie exclusively in the FAANG companies anymore, but in more traditional industries that are upgrading their legacy stacks and embracing cloud native.” Some of those opportunities also lie with startups, including ones helmed by Big Tech veterans ready to turn their layoffs into lemonade….

So whether you’ve been affected by the recent spate of layoffs or not, it’s worth expanding your list of potential employers to include companies — even industries — you’ve never considered. You might find that they’re thrilled to have you.

Read more of this story at Slashdot.

Source: Slashdot – What’s Different About These Tech Industry Layoffs?

“When we learned that a BlackBerry movie was in the works last year,” writes Engadget, “we had no idea it would be something close to a comedy. But judging from the trailer, it’s aiming to be a far lighter story than other recent films about tech.”

Variety notes that the movie has already screened at both Berlin Film Festival and SXSW Film Festival. “The film has received favorable reviews so far, with Variety’s Peter Debruge calling it “frantic, irreverent and endearingly scrappy.”

That review also calls the film “surprisingly charitable to the parties involved, acknowledging that these visionaries, while making it up as they go along, still managed to change the way the world communicates…. The film, at least, feels fresh, making geek history more entertaining than it has any right to be.” But there’s also a message in there somewhere. Mashable calls it “a cautionary tale jolted with humor and heart,” while Vulture describes it as “a very funny geek tragedy.”
The stories of tech founders continue to entertain and frustrate us in equal measure, and continue to give us more content to watch on the platforms and devices they created. Clearly, something about power-tripping nerds really speaks to something in our collective psyche.

Actor Jay Baruchel plays BlackBerry co-founder Mike Lazaridis — and even tells Vulture he’d kept using his own BlackBerry “until about three or four years ago…”

“I think there’s something inherently tragic about these guys that are really significantly responsible, in a really significant way, for the way we all relate to each other. There’s a direct line from how we all communicate now, back to what these nerds did in Waterloo in 1996.”
The movie will be released on May 12.

Read more of this story at Slashdot.

Source: Slashdot – ‘Irreverent’ and ‘Scrappy’: Reactions to Trailer and Early Screening of Movie ‘BlackBerry’

Liliputing.com has an update about the System76 Meerkat, which they describe as “a compact desktop computer with support for up to 64GB of RAM, up to two storage devices (for as much as 16TB of total storage), and up to an Intel Core i7 mobile processor. It’s basically a rebranded Intel NUC.” (Escept that System76 offers a choice of Pop!_OS or Ubuntu Linux pre-installed.)

“Previously available with a choice of 10th or 11th-gen Intel Core processor options, the Meerkat now also supports 12th-gen Intel chips.”

That means there are a total of 9 different processor options available. Prices start at $499 for an entry-level model with a Core i3-10110U processor, 8GB of RAM and a 128GB SSD. The prices rises by $50 if you want to go with a Core i3-1135G4 model, while prices start at $599 for a Meerkat mini PC with a 12th-gen Intel Core processor….

But the biggest difference is that Intel’s 12th-gen processors introduce a hybrid architecture that pairs Performance and Efficiency cores, leading to much higher core counts for better multi-core performance.

Read more of this story at Slashdot.

Source: Slashdot – System76 Meerkat Mini-Linux PC – Now with Up to Intel Core i7-1260P

Liliputing.com has an update about the System76 Meerkat, which they describe as “a compact desktop computer with support for up to 64GB of RAM, up to two storage devices (for as much as 16TB of total storage), and up to an Intel Core i7 mobile processor. It’s basically a rebranded Intel NUC.” (Escept that System76 offers a choice of Pop!_OS or Ubuntu Linux pre-installed.)

“Previously available with a choice of 10th or 11th-gen Intel Core processor options, the Meerkat now also supports 12th-gen Intel chips.”

That means there are a total of 9 different processor options available. Prices start at $499 for an entry-level model with a Core i3-10110U processor, 8GB of RAM and a 128GB SSD. The prices rises by $50 if you want to go with a Core i3-1135G4 model, while prices start at $599 for a Meerkat mini PC with a 12th-gen Intel Core processor….

But the biggest difference is that Intel’s 12th-gen processors introduce a hybrid architecture that pairs Performance and Efficiency cores, leading to much higher core counts for better multi-core performance.

Read more of this story at Slashdot.

Source: Slashdot – System76 Meerkat Mini-Linux PC – Now with Up to Intel Core i7-1260P

And starting in 2021 — long before the run on Silicon Valley Bank — the Federal Reserve had “repeatedly warned the bank that it had problems,” reports the New York Times:

In 2021, a Fed review of the growing bank found serious weaknesses in how it was handling key risks. Supervisors at the Federal Reserve Bank of San Francisco, which oversaw Silicon Valley Bank, issued six citations. Those warnings, known as “matters requiring attention” and “matters requiring immediate attention,” flagged that the firm was doing a bad job of ensuring that it would have enough easy-to-tap cash on hand in the event of trouble.
But the bank did not fix its vulnerabilities. By July 2022, Silicon Valley Bank was in a full supervisory review — getting a more careful look — and was ultimately rated deficient for governance and controls. It was placed under a set of restrictions that prevented it from growing through acquisitions. Last autumn, staff members from the San Francisco Fed met with senior leaders at the firm to talk about their ability to gain access to enough cash in a crisis and possible exposure to losses as interest rates rose.

It became clear to the Fed that the firm was using bad models to determine how its business would fare as the central bank raised rates: Its leaders were assuming that higher interest revenue would substantially help their financial situation as rates went up, but that was out of step with reality. y early 2023, Silicon Valley Bank was in what the Fed calls a “horizontal review,” an assessment meant to gauge the strength of risk management. That checkup identified additional deficiencies — but at that point, the bank’s days were numbered. In early March, it faced a run and failed within a matter of days….

The picture that is emerging is one of a bank whose leaders failed to plan for a realistic future and neglected looming financial and operational problems, even as they were raised by Fed supervisors. For instance, according to a person familiar with the matter, executives at the firm were told of cybersecurity problems both by internal employees and by the Fed — but ignored the concerns.
The Federal Reserve Bank system has 12 distircts, and the one overseeing California had a board of directors which included SVB’s CEO Greg Becker, the article points out. “While board members do not play a role in bank supervision, the optics of the situation are bad.”

Read more of this story at Slashdot.

Source: Slashdot – The Fed Had Already Spotted Big Problems at SVB Before Its Collapse

“Mysterious streaks of light were seen in the sky in the Sacramento area Friday night,” reports the Associated Press.

The lights lasted about 40 seconds, remembered one witness who filmed the lights while enjoying a local brewery. The brewery then asked on Instagram if anyone could solve the mystery, the report continues:

Jonathan McDowell says he can. McDowell is an astronomer at the Harvard-Smithsonian Center for Astrophysics. McDowell said Saturday in an interview with The Associated Press that he’s 99.9% confident the streaks of light were from burning space debris.

McDowell said that a Japanese communications package that relayed information from the International Space Station to a communications satellite and then back to Earth became obsolete in 2017 when the satellite was retired. The equipment, weighing 310 kilograms (683 pounds), was jettisoned from the space station in 2020 because it was taking up valuable space and would burn up completely upon reentry, McDowell added….

He estimated the debris was about 40 miles high, going thousands of miles per hour. The U.S. Space Force confirmed the re-entry path over California for the Inter-Orbit Communication System, and the timing is consistent with what people saw in the sky, he added.

Read more of this story at Slashdot.

Source: Slashdot – Mysterious Streaks of Light Seen in the Sky Friday in California

An anonymous reader shared this report from Phoronix:

A pull request of early AMDGPU kernel graphics driver changes was submitted for DRM-Next on Friday as some of the early feature work accumulating for the Linux 6.4 kernel cycle.

Among the AMDGPU kernel driver changes this round are a number of fixes affecting items such as the UMC RAS, DCN 3.2, FreeSync, SR-IOV, various IP blocks, USB4, and more. On the feature side, mentioned subtly in the change-log are a few power-related additions… These additions are largely focused on Van Gogh APUs, which is notably for the Valve Steam Deck and benefiting its graphics moving forward.

First up, this kernel pull request introduces a new sysfs interface for adjusting/setting thermal throttling. This is wired up for Van Gogh and allows reading/updating the thermal limit temperature in millidegrees Celsius. This “APU thermal cap” interface is just wired up for Van Gogh and seems to be Steam Deck driven feature work so that SteamOS will be better able to manage the thermal handling of the APU graphics….

These power features will be exposed via sysfs while Steam OS will wrap around them intelligently and possibly some new UI settings knobs for those wanting more control over their Steam Deck’s thermal/performance.

Read more of this story at Slashdot.

Source: Slashdot – Linux 6.4 AMD Graphics Driver Picking Up New Power Features For The Steam Deck