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Employers bow to tech workers in hottest job market since the dot-com era

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231–240 of 596 posts

Re: Employers bow to tech workers in hottest job market since the dot-com era

#231

> He likened it to what’s happening in the real estate market. In other words, make your moves now, and with an eye toward the crash that's coming.

There won’t be a crash. Possibly a period of stagnant wages because the market got ahead of itself, but I don’t think any of the underlying demand is going away.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#232

Earlier quoted context omitted.

The thing about the .com crash is all the investors were mainly right, besides some ridiculous things. They were just too early as the web didn’t have critical mass until 10 years later and today’s web makes the one of 10 years ago appear quaint. Because of that critical mass I think a similar crash is unlikely across the entire sector.

I don't know, I thought pets.com was stupid then, and chewy.com is stupid now. The main difference is the Chewy guys were smart enough to cash out before the bubble burst again, rather than spending their cash on stadium naming rights.

I have no skin in the game, but I buy things on Chewy because I trust them more than Amazon to not surface cheap crap, and their reviews are better. I checked and it looks like they're revenue positive with >500M cash on hand. They may not be worth their current stock price but I imagine they're going to survive as a company just fine.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#233

Earlier quoted context omitted.

I told myself I'd be fine at 300k. Now I'm there, and I've picked up more hobbies. Doesn't stop me from looking for new gigs, from time to time. Going super deep into optimizing for one thing might be a good short-term, but bad long-term proposition. A lot of getting to 700k, I imagine, is luck. So long as you're competent, it's right place, right time. You can't force that situation to happen, so it's wasted energy…

You would abandon your company and current position for a slight pay increase? Do you not actually care about the company you work for and you're just there for the pay? You make so much money already -- what is the thought process here Man imagine trying to hire people and knowing they would all leave in a heartbeat for a slight pay increase. What ever happened to working somewhere because you believe in what you're…

How many companies are building something worth believing in?

The ones who are (few) defintiely don't worry about this problem as much. If a company is having problems with it it's probably that their estimation of their own moral self worth is what's incorrect, not the attitude of their employees.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#234

Earlier quoted context omitted.

> I’ve stagnated sharply skills wise I felt the same way over the past few years and decided to switch to a Technical Product Owner role at the beginning of this year. I used to be your typical HN user who was extremely passionate about programming, learning new frameworks, functional programming, etc, but at some point over my 10 year career I kinda stopped caring about tech entirely. Switching to a product owner ro…

Could you talk more about how you made this pivot? Was the transition to product owner a step down initially?

It was a lateral move within the same company, so my compensation is identical to what it was before. Honestly I credit my manager and the company in general for allowing me to make the move. My manager was extremely supportive when I expressed interest in product management and was quick to throw my name into the hat when an internal job opening popped up. I think it helps that I work for an extremely large company. I doubt I would have been able to make the switch if I was still working at a startup.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#235

Here are some "dot-com era" flashbacks from a veteran greybeard: Near the end of 1999, I moved from SV to smaller hot tech market with more affordable housing. I moved totally cold with no contacts or job lined up. The week after I arrived, I had 3 job offers. I picked the smallest web tech startup. After a couple months they got acquired by a SV megacorp and I was pissed! I wanted nothing to do with being a small fi…

The thing about the .com crash is all the investors were mainly right, besides some ridiculous things. They were just too early as the web didn’t have critical mass until 10 years later and today’s web makes the one of 10 years ago appear quaint. Because of that critical mass I think a similar crash is unlikely across the entire sector.

> The thing about the .com crash is all the investors were mainly right ... They were just too early

And that made them wrong. :)

No one will argue that holographic display VR is a bad idea.

Some people will try to get you to invest today.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#236
I've been talking to a few companies about VP Eng roles -- as got nowhere getting VC interest in a new project I've been kicking around

3 companies I've had detailed discussions with so far all want someone to hire 200-400 new devs in UK/DE this year -- and I've seen several other posts with similar aspirations in diff sectors

So that's 1K-2K devs needed that I know (from management/investor 'needs', I'm not convinced the engineering requirement really needs anywhere near that) ... all in same space ... all same job spec ... some willing to pay whatever is required

Much of that in the new fast groceries sector -- I don't think people understand how disruptive that is going to be (in more ways than just wrecking current physical grocery sector)

Re: Employers bow to tech workers in hottest job market since the dot-com era

#237
post #179
post #129

Earlier quoted context omitted.

I've actually seen the opposite. I'm at a FAANG, but based in Toronto. For the first time, recruiters are saying to me that yeah, they can do better than that total comp. Often much better. I like my boss and team, but if someone offers me enough money and a fully remote job, well, it's going to be hard to say no.

FAANG outside of USA/SV is basically any other tech company, this is not surprising.

My understanding is that FAANG pays very well in India and Japan and Canada. Is this not true?

Re: Employers bow to tech workers in hottest job market since the dot-com era

#238

Once you’re coasting in the 400-500k FAANG range, what’s the optimal move to get 700-800k+? Seems there are too many graybeards to get a Principal title. Better to switch to manager role? Or VP eng type at some startup and hope your stock hits? Or maybe VP at some non tech company?

What kind of a fairy tale is this -- 400, 500, 800k? I make ~110k, and I have no hobbies but code + contribute to a variety of OSS projects in my freetime. What sort of software do you have to be writing besides magic money printing machines for it to be worth that amount of money?

FAANG are magic money printing machines. That’s why they can afford so many bs side projects that don’t make any money. And I write software that consumes 50-100x my salary in resources, so I’m probably underpaid.

Re: Employers bow to tech workers in hottest job market since the dot-com era

#239
post #191

Earlier quoted context omitted.

> My goal is to make hiring slow down to a crawl, make it so hard to find anyone that it hurts the company and is forced to change it. Hmm. I agree 100% on the intersection of practiced and asked as a key indicator for modern tech interviews. Have you done any estimates of how long it is going to take Facebook to notice your efforts? I looked and they hired 15k people since 2019. Even if you block three a week, you'r…

Yeah I know it's a drop in the bucket but for now it's all I can afford to do. I've talked to my SWE friends (inside & outside FB) and have convinced a few to do the same. Others simply don't care or feel it's disloyal to the company, which is fair enough.

How does performing this effort make you feel?

Re: Employers bow to tech workers in hottest job market since the dot-com era

#240
post #101

Earlier quoted context omitted.

Consider the fact that many desirable jobs get hundreds of applicants. It's entirely possible that even if your resume is top notch it got lost in a huge pool of candidates. You need to send your resume to hundreds of companies. I have a top-tier resume, and when I job search, I aim to send my resume (and cover letter/email) to 10+ companies per day. On the other side, last time I was hiring, I was shocked at the low…

Why do you care about cover letters? I haven’t written one of those in probably 20 years. If I’m hiring and a candidate includes one, I usually ignore it (when hiring for an individual contributor, engineering role).

I trash every application that doesn’t include one. Because most likely they’re just spamming openings, and didn’t read anything about the position.

Every applicant that included a cover letter was way above median quality, and worth interviewing.

I might miss some decent people this way, but it’s been a very helpful first-level filter of applicants.

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