31–40 of 52 posts
So far it appears that most of the layoffs are outside engineering. It's probably that the other salaries in the org are overinflated if anything in contrast to the value they generate for the organization. I anticipate it being a bad time for middle managers with no skills outside of that.
I live in a European country and our salaries will not go down nor do I expect any layoffs. Your question is very US/Silicon Valley centric.
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Curious what a typical top 10% contracting rate in London is?
I spent 8yrs working as a contractor in London for rates between £600 - £950pd. Architecture roles - which to some companies meant spending time coding (yay) and to other companies spending time on non-coding activities; aligning teams, strategy, planning, managing stakeholders, slide decks etc...
For what duration are these contracts usually agreed upon?
Technology stocks are mostly different with the exception of some startups that are valued based on user growth instead of revenue growth. Users are not customers though, and customers are the only real sustainable source of finance.
There are a lot of technology firms now that are financed by their customers so even if there is a full stock market meltdown in tech stocks, you shouldn't be afraid of unemployment but salaries will adjust to the reduced competition from VC-funded startups.
Personally, I think that there's definitely a correction going on, but it's far from explosion on the scale of a dotcom crash. "Tech" is not a separate industry now, but a set of technologies and professions that are used in a wide array of different industries. Companies in food, tourism, real estate and wherever else are hiring software engineers, dev ops and data analysts and are building "tech". And this tech tha…
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Europe is in for a very long decline. There is no consumer generation (35-45 y/o) left in Europe, and the US is about to block Europe from exporting their excess production to the last standing consumer generation on the planet.
Which one?
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I spent 8yrs working as a contractor in London for rates between £600 - £950pd. Architecture roles - which to some companies meant spending time coding (yay) and to other companies spending time on non-coding activities; aligning teams, strategy, planning, managing stakeholders, slide decks etc...
sorry, I'm not familiar with the terminology: in £600 - £950pd, "pd" means per day? For what duration are these contracts usually agreed upon?
In which case they get me to work remotely and bill directly to the project, whilst funnelling communications through the project manager or tech lead. That way regular employees don’t see me, and they still get the work done.
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Previously Londoner for ~8 years here. I can confirm the six month unfilled position period has been going on for at least a few years now. If anything else, and at least on the high(ish) end of skill and seniority there's an artificial reverse bubble that I can only attribute to the almost pathological and almost allergic insistence of UK employers to have as few well paid employees as possible.
Hmm - I've moved from London to Helsinki. I've been the hiring manager for several (Software Engineer) positions in Finland and it's been quite interesting. The supply of CVs for any position we open there for mid/senior positions is a trickle compared to the UK, and it's not really been like they're all perfectly qualified, there's a lot of 'noise' too. We let go of any geographical constraint, as long as you're wil…
UK just can’t compete. EU is bigger, and have more money.
This isn’t even the beginning of pain for Brexit.