Look at this chart of the California tech number of employed employment index (indexed to 100 at the first Yield curve inversion) relative to the 2000s dot com bubble; and layoffs haven’t even stopped yet. Recession incoming. #layoff #severance
People saying tech bubble popped and tech is not going to be such a good job anymore (as in senior engineers will be getting 150k tc) I know it’s bs now, but is it going that way? Do you think tech will still be highly paid in 10 years?
2023 has been a brutal year for tech, as we head into 2024 what’s your outlook on the state of Tech layoffs? Please provide more details in the comments section.
I came across someone's profile recently, and despite their impressive background with a PhD in mathematics from a prestigious university, they haven't been able to secure a job. The only explanation I could think of is the possibility of age being a factor. It's disheartening to witness firsthand, ...Read more
The great sector rotation is starting. All of them down 3% today. And it’s only day one. Time to sell big tech stocks and buy small cap names. 2024 is the year for small caps regressing to mean
I'm here to vent because I'm really struggling how a company like Google or Alphabet or whatever the hell you call them sits on $116B of cash and they don't know how to allocate it? Quite literally in the vampires open letter from Chris Hohn or whatever douchebag name he has writes to them wondering...Read more
Does anyone else think about leaving tech and doing something simpler like medicine or investment banking? Yeah, you have to go back to school and suffer a few years but then you are set for life and not make your brain tired.
Disclaimer: I don’t have any insider info about layoffs, but there is a strong possibility of one in the near future for Software Engineers in tech companies (my personal views). tl;dr: avoid "epxerimental" stuff and don't be a slacker == Theoritical possibility == Its a common knowledge now that ...Read more
About 100 interviews completed, tech screens only. Didn’t expect so many questions, answered as much possible. Most popular questions: - screen pass rate about 5% - biggest mistake is jumping to code right away - I don’t mentor and don’t do mock interviews YOE: 15 TC: 545
Not laid off, but I do think about it if was and couldn’t find a job in six months.
It's starting with Meta, the time for our privileged perks filled tech lives are ending. It's only a matter of time until other companies copy this. Work more with less perks and money! https://www.businessinsider.com/mark-zuckerberg-meta-facebook-new-era-efficiency-2023-2 "His comments reflect a ne...Read more
From 2019-2022, even PMs were making 500k TC. An average sde at FANG was making 350k and recruiters were clearing 200k posting day in the life on tik tok Are those days over? Will there be a rebalance to salaries back to 2015 levels where only directors with 100+ reports were clearing 500k.
I’m your standard FAANG story. State school BA in CS, worked at some mid tier companies before making it to Amazon and then Google. 6 years total, 3 of which were post-degree. Been getting spammed my recruiters the last few weeks, mostly mid-tier but a handful of big names including Meta and Micro...Read more
https://www.businessinsider.com/the-tech-job-recession-is-over-when-will-hiring-reaccelerate-2023-8?trk=feed_main-feed-card_feed-article-content&r=US&IR=T&utm_source=copy-link&utm_medium=referral&utm_content=topbar TC 350k
Have any of you affected by layoffs decided to leave the tech industry and pursue another field? If so, could you explain what career path you moved toward, or if you decided to go back to college? #layoff #career
Hi technology rangers With FAANGs having brutal layoffs, I don’t think they will be the same after recession. Which are the best tech companies to join post 2023 - post recession ? I have created a poll. You can vote for MULTIPLE options (please select all). If you think your best company is not ...Read more
let me preface by saying i’ve worked at google. I’ve made 800k TC before. I’ve experienced the limits of what people want. I can say tech is overrated. what’s the end game? pay 3M for a tiny shoebox in a boring suburb surrounded by indians? Why? So i can say im a staff engineer at FANG and commute ...Read more
Let’s face it layoffs will continue because Biden have a “strong economy” and AI innovations will not stop.
I work in tech. But I stay 2 hours away from NY in Connecticut. Mate, the life people have here is something to die for. My tech friends and multiple neighbors (same age, same ethnicity) come from different worlds. Tech friends: Constantly worried about jobs, always studying, talking about career, ...Read more