The fact that snap's web3 team being cut is one of the listed examples is pretty comical IMHO.
Ah yes, durable blockchains, an obvious next step for the world's most famous ephemeral-messaging company
How much have tech layoffs affected engineers vs. other departments?
51–60 of 359 posts
Re: How much have tech layoffs affected engineers vs. other departments?
#52My employer has literally stopped hiring engineers and product roles. Sales people are still being hired in droves though.
Aren't sales people "cheap" as their salary is negligible compared to sales bonuses if and only if they exceed their sales quota?
Not usually. Oftentimes sales people have pretty high base pay. Last time I worked somewhere with a sales force, their base was the same as the engineers with the same level of experience, and then they got commission on top of that.
Re: How much have tech layoffs affected engineers vs. other departments?
#53Earlier quoted context omitted.
So the Senior market is saturated? this is an early sign companies are getting nervous about bloat. After the '08 recession many companies rushed to ditch Architect titles as they found that the role did not serve the interests of their productive engineers or the companies higher ups. Companies that had gone heavy on such talent might find themselves stuck. I recall seeing talks on "Staff Engineer" and thinking that…
> So the Senior market is saturated? I am not sure I would say saturated, but yeah, the Sr. SWE market is definitely not as tight as it was a year ago for most role types. However, it does depend on qualifications and company type. Seniors for R&D positions (so, PhD with 5+ years in product-focused R&D) are still basically impossible to hire. Friends tell me that hiring seniors at mid-pay or low-pay companies is stil…
is it CS programs or is it the bootcamps?
I've seen the bootcamp crowd more often than not in these situations coming through, not many with actual 4 year CS degrees, though I've seen many of those too, but not nearly as much, by an order of magnitude.
EDIT: could be a difference in what part of the industry we work in too. I do more frontend / "design engineer" work.
Re: How much have tech layoffs affected engineers vs. other departments?
#54My company is not hiring developers at the moment, but there sure are some people who should be let go.
Re: How much have tech layoffs affected engineers vs. other departments?
#55Earlier quoted context omitted.
I feel like a broken record but, the 'Two quarters' rule is an unofficial metric that does a bad job of representing recessions when you back-test it (no recessions from 1992-2008 in that case). In the US, a recession is defined by NBER after the fact.
Then the "two quarters" rule is stricter. We have fulfilled a stricter criterion for a recession. Whether the NBER contradicts us is irrelevant. Less value is going around in the economy.
I mean, if you're going to stick to the two-consecutive quarters definition, then you would be saying that we were in a recession, and are now out of one. Third quarter GDP estimates stand at 1.9% growth.
Re: How much have tech layoffs affected engineers vs. other departments?
#56Earlier quoted context omitted.
I feel like a broken record but, the 'Two quarters' rule is an unofficial metric that does a bad job of representing recessions when you back-test it (no recessions from 1992-2008 in that case). In the US, a recession is defined by NBER after the fact.
Then the "two quarters" rule is stricter. We have fulfilled a stricter criterion for a recession. Whether the NBER contradicts us is irrelevant. Less value is going around in the economy.
Ok, let's play your game. How much of the first quarter decline was due to the ports clearing and imports rising?
Here, I'll give you a hint (More than 100%): https://fred.stlouisfed.org/graph/fredgraph.png?g=UOxC
Do you think that's a real recession indicator?
EDIT: Said differently, if our imports were at 4Q:21 levels, we'd have 0 quarters of decline. So is this the first import-driven recession? Because no other recessions have been like this.
Re: How much have tech layoffs affected engineers vs. other departments?
#57We (large FANGish) are more or less in a hiring freeze but still grabbing a few new hires here and there. A friend just interviewed for SSE at AAPL and seemed to have the job only to be told they closed the req. I'm still getting lots of recruiter spam though so I think we're still fairly early in any sort of layoff cycle. The economy is still trucking. Despite many people trying to be first to declare it, we're not…
The US is in a recession. It has seen two quarters of negative economic growth.
Unemployment is at a historic low, which is not typical of a recession.
Re: How much have tech layoffs affected engineers vs. other departments?
#58We (large FANGish) are more or less in a hiring freeze but still grabbing a few new hires here and there. A friend just interviewed for SSE at AAPL and seemed to have the job only to be told they closed the req. I'm still getting lots of recruiter spam though so I think we're still fairly early in any sort of layoff cycle. The economy is still trucking. Despite many people trying to be first to declare it, we're not…
I'm seeing a massive uptick in recruiting for contract roles compared to a year ago though.
A year ago (and even, 3-4 months ago) it was all full time positions nearly exclusively, now it's all heavily weighted toward contract
Lots of "18+ month" or "long term" contract verbiage, but contract none the less.
Definitely a shift.
Seeing more contract to hire too
Re: How much have tech layoffs affected engineers vs. other departments?
#59Earlier quoted context omitted.
The US is in a recession. It has seen two quarters of negative economic growth.
This is a pointless battle. There is a US election this year so there is zero chance a recession will be admitted until mid November regardless of facts on the ground.
US gov uses a non-partisan third party think tank to officially declare recessions.
Re: How much have tech layoffs affected engineers vs. other departments?
#60We (large FANGish) are more or less in a hiring freeze but still grabbing a few new hires here and there. A friend just interviewed for SSE at AAPL and seemed to have the job only to be told they closed the req. I'm still getting lots of recruiter spam though so I think we're still fairly early in any sort of layoff cycle. The economy is still trucking. Despite many people trying to be first to declare it, we're not…
I'm seeing a massive uptick in recruiting for contract roles compared to a year ago though. A year ago (and even, 3-4 months ago) it was all full time positions nearly exclusively, now it's all heavily weighted toward contract Lots of "18+ month" or "long term" contract verbiage, but contract none the less. Definitely a shift. Seeing more contract to hire too
I’ve always seen a lot of those, i think the SNR just favors them for now with general slow down in direct hires.