181–190 of 576 posts
I bet the non-profitable, feeding-on-VC startups are getting worried and we'll see more of this. I work at a non-VC-funded, profitable, stable, small place and we're desperately trying to hire. I've never made FAANG/startup income, and I've always felt a little left-out because of that. But we've been stable for nearly 30 years, and have never had the big layoffs or hiring freezes including, dot-com bust, 2008, 2020…
I bet the non-profitable, feeding-on-VC startups are getting worried and we'll see more of this. I work at a non-VC-funded, profitable, stable, small place and we're desperately trying to hire. I've never made FAANG/startup income, and I've always felt a little left-out because of that. But we've been stable for nearly 30 years, and have never had the big layoffs or hiring freezes including, dot-com bust, 2008, 2020…
Perhaps this is a good place to leave a link to your hiring page...
The job market is still about as hot as I've ever seen it as a senior engineer - I don't know what it looks like for juniors these days, but I know a lot of places are hiring a lot of people and some have been trying for over a year now to fill positions. I think probably startups will take a hit, but there are plenty of places that pay well and do good things and need coders.
Earlier quoted context omitted.
Isn’t that pretty great? Get paid for 6 months of relatively light ramp up time and then a few months worth of severance for some time off once fired?
> Isn’t that pretty great? Get paid for 6 months of relatively light ramp up time and then a few months worth of severance for some time off once fired? Not great at all. For anyone reading your resume in the future, it's impossible to know if you were let go due to no fault of your own, or if you were let go for cause after a probationary period expired. I personally don't hold a single short job against people, but…
What do you think about new grads having to switch not long after because of bad work environment, bait-and-switch, etc? I hope such a negative outlook is not that prevalent.
I bet the non-profitable, feeding-on-VC startups are getting worried and we'll see more of this. I work at a non-VC-funded, profitable, stable, small place and we're desperately trying to hire. I've never made FAANG/startup income, and I've always felt a little left-out because of that. But we've been stable for nearly 30 years, and have never had the big layoffs or hiring freezes including, dot-com bust, 2008, 2020…
> we're desperately trying to hire
Do you wonder why people aren’t joining?
I'm not surprised (unfortunately, and I am truly sorry for this). Don't look to the 2008 recession for an idea of how things may go. Look to the 2000 (Tech Bubble Burst) recession. In that one, the bottom dropped out of the tech market. Web designers were especially hard hit. I have family that works for Intel, and they say that Intel tends to actually increase hiring in bear markets. I suspect that's because they ar…
> for an idea of how things may go. Look to the 2000 (Tech Bubble Burst) recession. Agree. In aftermath of the .com implosion it took about 4 years for hiring to come back to a more normal pace. It was a good time to go back to school to do a Masters degree. > I have family that works for Intel, and they say that Intel tends to actually increase hiring in bear markets. Having worked for Intel and knowing folks still…
Why? You mean because people couldn't find a job so they went back to school instead?
Earlier quoted context omitted.
I'm a dev at a VC-funded SaaS startup in California. We're still in a growth trajectory (doubled headcount last year, on track to do so again this year, just hit a headcount of 500). Our industry is such that we're not too worried about the recession -- people tend to buy our product because it's significantly cheaper than paying one more employee and it tends to make teams in a particular corporate department far mo…
The fact that you cite VC funded and then headcount as your only metric of success is hilarious.
If you want to be recession-proof, get a job at a non-software company (or in academia, state/city government, etc). In theory, "programmer" is the same job whether you work for a startup or the Minnesota Dept. of Transportation, but in practice they feel like completely different industries. In one, you can make fantastic money but the interviews are famously difficult, the culture can be borderline abusive, and lay…
In my experience and from talking to peers - random eng job in most parts of the country is less than or equal to $150k even for people with 10+ years. If you’re at FAANG with 10+ years - clearing $500k+ is reasonably accomplished.
Sure - one of those is markedly higher than the average random person in the US - the other is in the top 1% of household incomes off a single income. It’s markedly different.
Earlier quoted context omitted.
FAANGs are slowing down and freezing hiring too. It's not just startups that are worried.
I imagine that FAANGs are sensitive to offering higher and higher proportions of equity pools to keep up with total comp expectations.
Their honesty should be applauded. Imagine they hired you and then had to fire you in 6 months. Keep in touch with the PM if you liked them and see how they perform in the next 12 months.