May 19, 2020
Image: Kimberly Farmer, via Unsplash
Good morning! This Tuesday, a startup that wants to reskill Americans, the repercussions of the new Huawei restrictions, and a sobering set of tech jobs. Want Index in your inbox each morning? Subscribe here.
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We've talked before about automation, and what it means for the millions of newly unemployed Americans. The consensus seems to be that some of those jobs probably aren't coming back, with this crisis accelerating already inevitable trends. So what should those workers do?
Guild and Entangled recently launched "Next Chapter," which helps laid-off workers find career paths that suit them and employers that are hiring. It then helps them get those jobs, using Guild's existing training marketplace to teach them new skills.
Guild has an advantage in all this: Its programs have always had remote options. "For over a decade most working adult learners have preferenced online learning over a face-to-face experience," Carlson said, because of how hard it is for adult learning to fit into people's lives.
Mostly, both want people to realize this market exists. "There's an enormous amount of energy spent talking about the 3 million young people who might go to college this year," Carlson said, with most of that "spent on the 30,000 of them who will go to an Ivy League."
On Friday, the U.S. announced that manufacturers using U.S. technology would need a license to keep supplying Huawei. It was obviously big news at the time, and now that the dust has settled a bit, we've got a clearer idea of what exactly it means for the chip industry.
For Huawei, the impact is mixed. TrendForce thinks that Huawei has "significantly raised its inventory of components" in anticipation of this, which will keep it producing devices for the next few months — bad news for component suppliers, which will likely see an immediate drop in demand.
The repercussions get weirder still. Bryson says that a lack of production capacity at TSMC has stopped Nvidia from producing as many datacenter GPUs as it would like. If TSMC suddenly stops producing for Huawei, Nvidia could use that extra capacity — "allowing for improved sales momentum" later this year.
The pandemic seems to have affected recruiters' priorities: Protocol's Lauren Hepler took a look at the jobs on offer these days, and found that they "skew dark." Facebook is hiring a "Well-being Quantitative Researcher," who will ideally have experience in examining "loneliness." Twitter, meanwhile, is looking for a "Crisis Management Analyst," while YouTube needs a "Policy Enforcement Manager" focused on "Suicide and Self-Harm." We're a long way from "Overnight Happiness Ambassadors."