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Ask HN: Is the Great Resignation in tech real? If so, why?

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Re: Ask HN: Is the Great Resignation in tech real? If so, why?

#81
post #63

It's completely to do with work from home. Everyone is fed up after what they had to deal with in 2020, and tech workers (almost 100% of them) got to work from home, many for the first time ever. After everything they've been through in 2020, it makes zero sense to willingly go back to work in an office where you put yourself at risk and have to deal with all those horrible things you had to deal with before 2020. So…

Even remote friendly companies are seeing people leave and higher turnover

Re: Ask HN: Is the Great Resignation in tech real? If so, why?

#82

anecdote: This year, I was on a team of 2 and my coworker left for Google for a little under $300k. I told my boss I was going to quit to do interview prep and said I was making onsites for companies offering $200k, and they offered me $200k to stay. That was a 90% raise for my teammate who left and a 60% raise for me.

> I was on a team of 2 and my coworker left for Google for a little under $300k I had a coworker leave to be an L4 SWE at Google earning the same in 2017. I don't know if the anecdote is relevant to the 2021 Great Resignation if people were doing the same thing 4 years ago (unless your colleague got an L3 offer for that amount).

check levels.fyi

Re: Ask HN: Is the Great Resignation in tech real? If so, why?

#83
post #41

I just quit my job to find something more interesting to do. From my experience, this is the first time since the virus-drama started that I felt safe enough to take the step. But I was unemployed when it hit the fan, and the first year was really tough since it was pretty much impossible to find jobs around here.

[deleted]

Re: Ask HN: Is the Great Resignation in tech real? If so, why?

#84
post #41

I just quit my job to find something more interesting to do. From my experience, this is the first time since the virus-drama started that I felt safe enough to take the step. But I was unemployed when it hit the fan, and the first year was really tough since it was pretty much impossible to find jobs around here.

> I just quit my job to find something more interesting to do.

Heh, that was my plan. I ended up just settling for more money again.

Re: Ask HN: Is the Great Resignation in tech real? If so, why?

#85
post #63

It's completely to do with work from home. Everyone is fed up after what they had to deal with in 2020, and tech workers (almost 100% of them) got to work from home, many for the first time ever. After everything they've been through in 2020, it makes zero sense to willingly go back to work in an office where you put yourself at risk and have to deal with all those horrible things you had to deal with before 2020. So…

[deleted]

Re: Ask HN: Is the Great Resignation in tech real? If so, why?

#86
Equities have done great during covid. If you were invested in tech which many in FANGM were via ESPPs and RSUs, wealth likely significantly increased.

If your net worth hits a couple M, you make 200k/year just on interest. For a salary to make any difference to a person living a middle class life, they are going to need to pay you in the upper 6 to low 7 figures.

That prices you out of the market so may as well stay home and play with the kids.

Life is too short to grind away at the office working on someone else's dream if you don't have to.

Re: Ask HN: Is the Great Resignation in tech real? If so, why?

#87
I see lots of good points in these threads about macroeconomics and the pandemic, but I was surprised to not see more talk about tech specifically, or the bigger elephant in the room: remorse about being paid lavishly for work in the attention economy. We're living in a period of remarkable disinformation, and many of our employers profited from it. When your bread comes from pumping bile into people's brains it might lead one to considering something less destructive, more meaningful, and more sustainable. The sheen of SV was sullied, now its all secrets, leaks, congressional hearings, and spin doctors incanting. Tech was once magical in its appeal - not just about profit, but about transforming society to something more egalitarian and hopeful. The events of the last few years broke that spell.

Re: Ask HN: Is the Great Resignation in tech real? If so, why?

#88
post #63

It's completely to do with work from home. Everyone is fed up after what they had to deal with in 2020, and tech workers (almost 100% of them) got to work from home, many for the first time ever. After everything they've been through in 2020, it makes zero sense to willingly go back to work in an office where you put yourself at risk and have to deal with all those horrible things you had to deal with before 2020. So…

Even remote friendly companies are seeing people leave and higher turnover

[deleted]

Re: Ask HN: Is the Great Resignation in tech real? If so, why?

#89
A lot of anecdotes in this thread, but it’s important to keep it in perspective: The current employee turnover rates are higher than they have been, but when you look at the numbers it’s about 2.8% monthly quit rate compared to an average of around 2%: https://fred.stlouisfed.org/series/JTSQUR

So yes, it’s up, but the news articles trying to explain this as some sort of society-wide shift and pushing anecdotes of people leaving companies en masse are getting ahead of the numbers. It’s also ignoring the sharp downward spike in quit rate during the start of the pandemic, which has produced some ripple effects.

The economy is also booming right now with the influx of cash, people staying home and spending more on tech, and low interest rates. Every company that can take advantage of it is doing so by hiring.

Re: Ask HN: Is the Great Resignation in tech real? If so, why?

#90

I see lots of good points in these threads about macroeconomics and the pandemic, but I was surprised to not see more talk about tech specifically, or the bigger elephant in the room: remorse about being paid lavishly for work in the attention economy. We're living in a period of remarkable disinformation, and many of our employers profited from it. When your bread comes from pumping bile into people's brains it migh…

> remorse about being paid lavishly for work in the attention economy.

The vast majority of tech jobs are not working with consumer facing products.

The companies that occupy the space on our phones and web browsers may seem like the majority of the tech world when it’s all you see every day, but it’s really a smaller fraction of everything going on in the world. There’s a lot of tech out there that doesn’t involve the small handful of companies that dominate social networking and entertainment apps.

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