Electronic job

US tech companies withdraw job offers

Recent college graduates in the United States are facing the loss of job opportunities in the technology industry.

The loss of job offers is particularly detrimental at this time of year. Graduates say they are now barred from seeking jobs at companies like Meta Platforms, Google and some other big tech companies. These companies have already hiring new college workers for the year.

During the last week of May, Twitter called a group of young people who had received job offers from the social media company. During calls, the company revoked or resumed job offers in 15-minute calls. Some of the people who received the calls told reporters about it.

Iris Guo described the call to Reuters news agency. Guo graduated from the University of Waterloo in Canada. She studied financial management and computer science.

Guo, who lives in Toronto, received the bad news over a video call. She said the experience “was traumatic.” Since then, she has been scrambling to find a new job in order to get her US work visa.

Lucas Durrant graduated in electrical engineering from Canada. He was ready to start his new job as a software engineer at Bolt, an e-commerce company. While on vacation a few weeks ago, he received an e-mail informing him that his offer had been withdrawn. Bolt announced that he would begin cutting jobs at the end of May. Society blamed economic conditions.

More than 21,500 tech workers in the United States have lost their jobs so far this year. This information comes from Layoffs.fyi, a website that tracks job cuts.

Reuters news agency reviewed LinkedIn posts and Google spreadsheets set up to help people who have lost job offers. Reuters found that at least 40 recent university graduates had lost job offers in recent weeks.

On Tuesday, 22 recent graduates were listed on a spreadsheet as having offers picked up by Twitter. Nine people were listed on a separate spreadsheet for digital currency trading firm Coinbase.

In a statement, Twitter said it admitted that the revoked offers could put candidates in a difficult position. The company said it was offering payments to those affected.

Coinbase said in a June 2 blog post that the decision to take down a number of job postings was not an easy one. He said the move was “necessary to ensure that we only grow in the highest-priority areas.”

Graduates who spoke to Reuters said they were surprised at the amount of help they were offered. Yet the pain of losing their dream job remained.

A recent college graduate was ready to join Coinbase. He said Coinbase sent him an email saying the company had no plans to resume existing offers a week before he lost his job offer. The graduate did not want to be named due to his ongoing job search.

“I was disappointed for several reasons. I didn’t think management would make this decision,” he said.

Brian Kropp oversees human resources research at Gartner, a research firm. Kropp said that while tech companies can save money in the short term, they risk hurting their bottom line. reputation.

“Think how unfair it is to the people you are canceling the offer of,” he said. “You put them in a painful situation.”

I am John Russell.

Sheila Dang reported this story for Reuters. John Russell adapted it for VOA Learning English.


words in this story

graduate – nm a person who has obtained a degree or diploma from a school, college or university

to hire -v. give someone a job

traumatic – adj. make someone very upset

priority – nm something that is more important than other things and must be done or dealt with first

reputation – nm the way people think about someone or something

to cancel – v. formally terminate any law, contract or agreement; officially say that something is no longer offered