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“Great resignation” wave coming for companies

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Re: “Great resignation” wave coming for companies

#701

Post by Tarsul »

mech422 wrote: post #646
akiselev wrote: post #574

Earlier quoted context omitted.

> It is worth noting that software salaries are artificially inflated HEAVILY due to a general unwillingness or lack of interest in hiring overseas developers. Because it's been tried before and for the most part it was an abysmal failure. I was just starting out doing some basic web freelancing as a teenager in the 2000s and even I got roped in to clean up an outsourced project after being outbid a year earlier by a…

I've been thru off-shorting with India, China, Russia... I'm sorta wondering what country would be next. It has to have a large enough labor pool to fill the positions, and still be cheap enough to at least look good on paper..

at least here in Germany the biggest companies like to expand into Eastern Europe (think Slovakia, Hungary, also Russia), where these IT experts help in the German projects. They even get many of those people to learn German! The price pressure doesn't really stop there because while at first Slovakia was the way to go, now Hungary is xx% cheaper.. and so on and so on...

Re: “Great resignation” wave coming for companies

#702

Post by throwaway93939 »

Throwaway since this is private, but I’ve tendered my resignation for pretty much exactly what this article says. To be clear, I’m in a very privileged position where both my spouse and I are in software and she can more than cover the bills on her own. I have the ability to take time off, pursue other projects, do something else, etc.

I think remote work, generally works, but there is an incredible long term drain on energy from not connecting with co-workers in person. It may work for some and there will certainly be a long term shift more towards remote work, but I predict it won’t be as pronounced as maybe some suspect because it’s much harder to sustain. The flexibility is indeed great and a net win especially for parents or those with long commutes, but I think it’s harder to actually work.

Re: “Great resignation” wave coming for companies

#703

Post by imNotTheProb »

throwaway0a5e wrote: post #30
dreen wrote: post #7

Im quitting and not looking for another job. Gonna use the savings to take a gap year, or a couple, work on some stuff I want maybe. Maybe more involvement in OSS is coming too? I've never had a gap year, it was all school, then immigration, work, university, more work. Any holiday time you fly back home. I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. edit: thank you…

>I kept hearing its not unusual for people in the west to take gap years, so thats what Im doing. You hear a heck of a lot more about it on HN than happens in reality. Maybe I don't hang out with the trust fund crowd enough but I don't know ANYONE who's taken a "gap year" where they weren't doing something for ~40hr/wk in order to make a buck. I know a few people who didn't jump right into career stuff after college…

Is it a gap year if you do something in-between jobs? I've done that

Re: “Great resignation” wave coming for companies

#704

Post by ajkjk »

asdff wrote: post #687
ajkjk wrote: post #628

Earlier quoted context omitted.

Lots of people are spending less than a quarter of their income on those expenses. So it's pretty easy to quit and use their savings on it for multiple years.

20% of Americans don't have $400 to cover an emergency. https://www.marketwatch.com/story/four-in-ten-cant-cover-an-...

I'm guessing most of the people we're talking about are well into the other 80%.

Re: “Great resignation” wave coming for companies

#705

Post by xyzzy_plugh »

AndrewUnmuted wrote: post #693
Epenthesis wrote: post #515

Earlier quoted context omitted.

Of course it's unusual. If you're in SF and work in first tier startups/FAANG, your social circle is going to be mostly people in similar situations. It's a very unusually high earning and unusually rapidly high earning career path. I would be shocked if in that specific cohort the median net worth at 30 was less than 500 k$. And if less than 1/10 were millionaires at 30.

SF is a bit of a one-trick pony these days, sure, but to me this is a broad over-generalization that is easily proven false. The individuals who occupy the upper-echelons of this world in SF tend to be the unusual kinds of unusual people. They often have unique upbringings, come from distinctly not-obvious academic/work backgrounds, and keep much more dynamic forms of company than the typical "Backend Engineer 3" at…

This doesn't match my experience at all. I know a few extremely wealthy folks in SF, a bunch more wealthy folks but who still work 9-5, and there is nothing unusual about any of them. I've met CEOs and billionaires and there's nothing unusual about them, either.

Sure, maybe SF has more unusual kinds of unusual people than the average city, but I wouldn't say that's the norm. VC folks are especially boring.

Re: “Great resignation” wave coming for companies

#707

Post by yunohn »

toyg wrote: post #657
yunohn wrote: post #362

Earlier quoted context omitted.

> slightly-less-obnoxious industry than ads I almost never see people obnoxiously talking about how ads are great. In fact, it's the opposite - constant ad bashing. Whereas with crypto, while you have the skeptics and the haters, there are way more obnoxious fanatics.

I meant that ads are obnoxious to everybody . Whereas with crypto, you can just ignore the subject entirely if you so wish. You won't be shouted at, when you open your digital newspaper to read stuff, that YOU SHOULD TOTALLY GET MORE DOGECOIN!!!

Ironically, that’s mainly because all ad exchanges ban crypto ads. Google has actually reversed course on this [1] and soon you’ll start seeing crypto ads too. Sadly, I already see tons of crypto related ads on Instagram already. Also, I’m not sure which digital newspaper you refer to, but I see articles about crypto pretty much on a daily basis on most websites.

[1] https://news.bitcoin.com/google-new-policy-cryptocurrency-ad...

Re: “Great resignation” wave coming for companies

#708

Post by mym1990 »

screye wrote: post #263

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. This number is meaningless without previous year trends. In my circles, everyone from 25-35 is simultaneously preparing to FIRE and no-one that's 35+ has actually changed jobs despite being 'financially independent'. Expressing intent to resign, and actually resigning are completely different things. (edit: to clarif…

Anecdotal but one of my friends quit an amazing job(good pay, wfh, flexibility, etc...) in search of something better and can’t go 5 minutes without thinking about quitting the new job. I can’t really imagine moving companies right now in the midst of a lot of uncertainly on future office state(maybe that’s just me tho)

Re: “Great resignation” wave coming for companies

#709

Post by nonotreally6 »

maybelsyrup wrote: post #697
screye wrote: post #263

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. This number is meaningless without previous year trends. In my circles, everyone from 25-35 is simultaneously preparing to FIRE and no-one that's 35+ has actually changed jobs despite being 'financially independent'. Expressing intent to resign, and actually resigning are completely different things. (edit: to clarif…

> Real Translation: Covid has made people miserable in their jobs. Small quibble: Covid has shown people how miserable their jobs have always been. All it's taken is a slight shift, a small perk, here and there, and people see it clear as day, and they want out. White collar workers got work from home: actually, it turns out I can give legal advice while planting basil in my backyard and no one on the conference call…

You mean the Fed printed a ton of money and sent it to everyone making less than a certain amount, and the government guaranteed wages for those who no longer wish to work, and caused a labor shortage and inflation.

Soon those benefits will be insufficient, due to inflation, if the government continues to print money, and the real wages of the existing wage earners who actually produce value for the good of society by working are eroded and redistributed to those who don't wish to work.

If it keeps up, soon we'll all be poor, nobody will earn a living wage, but at least it will be equitable!

Don't forget that printing money for stimulus checks is borrowing at greatest expense to the lowest wage earners in order to pay those who choose not to work at all

It's not some revealed flaw in capitalism that given short term wages that are the same for working and for doing nothing, that people choose the latter.

Re: “Great resignation” wave coming for companies

#710

Post by autokad »

screye wrote: post #263

> Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs. This number is meaningless without previous year trends. In my circles, everyone from 25-35 is simultaneously preparing to FIRE and no-one that's 35+ has actually changed jobs despite being 'financially independent'. Expressing intent to resign, and actually resigning are completely different things. (edit: to clarif…

back in 2015 or so, I was complaining about how having to study for leetcode is not sustainable for someone to live, thus this makes tech a horrendous life choice as a career. Because having to keep doing this throughout our life when we get families and other life events going on is not a sustainable path. I was downvoted, told if you want to make money what's the big deal, etc etc.

During the pandemic, the companies that were still hiring stepped up the bar. Maybe that was the push needed to tell people what the ramifications of this is. Now I am finally hearing from a lot of engineers: "Am I going to have to do this my whole life? I don't want to do this now let alone for the rest of my life". I have dozens of friends from Microsoft to Google plotting their exists.

If all goes well, I am out in 8 years (but things rarely go well). I have a number and once I get to it, I am out. I dont want to deal with this shit anymore

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