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How much have tech layoffs affected engineers vs. other departments?

blog.interviewing.io

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Re: How much have tech layoffs affected engineers vs. other departments?

#81

Post by leeny »

wepple wrote: post #77
walshie4 wrote: post #27

The fact that snap's web3 team being cut is one of the listed examples is pretty comical IMHO.

This is a flimsy PR piece for interviewing.io submitted by the founder. It worked, front page of HN is great for backlink value

Founder here. This piece took my team and I months to research and tag and write. We spent hours counting individual layoffs in spreadsheets and on LinkedIn and running and rerunning the numbers. And the conclusion wasn't even what I wanted. When I started writing, I really thought that the layoffs were overblown and weren't affecting engineers. That's not what's happening at all.

Now, you're right, why do we put effort into pieces like this? It's to get some eyeballs on interviewing.io.

But this piece is not flimsy, and I think it's not correct or fair to assume that just because something serves our business that it's of poor quality.

Normally I wouldn't say anything, but the "flimsy" thing really got me.

Re: How much have tech layoffs affected engineers vs. other departments?

#82

Post by sieabahlpark »

mywittyname wrote: post #55
danuker wrote: post #45

Earlier quoted context omitted.

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.

Estimates or reported? The recession based on two consecutive quarters is on reports not estimates of what is to be reported.

Re: How much have tech layoffs affected engineers vs. other departments?

#83

Post by Jensson »

mywittyname wrote: post #79
Jensson wrote: post #68

Earlier quoted context omitted.

> a non-partisan third party think tank How can such a thing possibly be non-partisan? The people running surely vote in the elections and thus care about the outcome, I don't see how they couldn't be partisan when their statements can have huge effects on the outcome.

Non-partisan usually means people aren't directly influenced by political leadership. Pelosi has no recourse if NBER doesn't make the decision that she wants, whereas, she can punish/reward the junior Congresspeople in her party by withholding seats or funding for election campaigns. Thus, NBER is non-partisan while Democratic Congresspeople are partisan. I would hope that every member of NBER votes. It's their civic…

In that case why wouldn't they try to influence the election? It depends on what kind of people sit there, but most academics favor democrats. So I don't see how that statement gives us a good reason to believe that they aren't taking one side here.

Re: How much have tech layoffs affected engineers vs. other departments?

#84

Post by qchris »

dijit wrote: post #23
theteapot wrote: post #19

Earlier quoted context omitted.

Drive by architects don't read books. They read AWS's latest product brochure and think "yes".

I think both exist, but you're right. The majority of Architects I've brushed against in the last decade have been exclusively an additional marketing force for AWS with very little ability to objectively reason from first principles or assist with knowledge of anything outside of the AWS ecosystem.

Totally genuine question as someone coming from a background in mechanical engineering, who now does a lot of software-y things: what do you consider to be "first principles" in computing? Are you talking about first principles in terms of project development processes (i.e how information systems evolve) or code (i.e. bits and bytes, where microservices might not be the answer because the network connections are guaranteed to have a fundamental latency that, along with the amount of data required, means you can't meet requirements because [..])?

Re: How much have tech layoffs affected engineers vs. other departments?

#86

Post by zeroonetwothree »

mywittyname wrote: post #55
danuker wrote: post #45

Earlier quoted context omitted.

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.

GDPNow has it at 2.9% even

Re: How much have tech layoffs affected engineers vs. other departments?

#87

Post by rjcjvyd77 »

mywittyname wrote: post #55
danuker wrote: post #45

Earlier quoted context omitted.

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.

Then we are out of recession?

Find a new word for whatever you're describing because the rest of us are speaking the same language.

Re: How much have tech layoffs affected engineers vs. other departments?

#88

Post by MisterBastahrd »

bloppe wrote: post #57
kingnothing wrote: post #38

Earlier quoted context omitted.

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.

The economy is shrinking because boomers are retiring at a rate faster than we can fill jobs. The Boomer economists at the Fed have responded by raising interest rates so that Xers, Millennials, and Zoomers don't get uppity and ask for more money.

Re: How much have tech layoffs affected engineers vs. other departments?

#89

Post by adam_arthur »

This is likely to be the recession that halts the rapid inflation in tech wages.

Rising risk free rate has hit growth companies the hardest, and there are likely to be a large swath of layoffs right as we have tons of people bootcamping and switching into the industry.

Supply and demand of labor in tech will enter balance for the first time since ~2010. The FFR is looking to have a reasonable chance to go to 5% at this point, so the pain isn’t even close to being over

Get used to not being special like pretty much every other industry

Re: How much have tech layoffs affected engineers vs. other departments?

#90

Post by dilyevsky »

adam_arthur wrote: post #89

This is likely to be the recession that halts the rapid inflation in tech wages. Rising risk free rate has hit growth companies the hardest, and there are likely to be a large swath of layoffs right as we have tons of people bootcamping and switching into the industry. Supply and demand of labor in tech will enter balance for the first time since ~2010. The FFR is looking to have a reasonable chance to go to 5% at th…

Contrary view - this will sprout more startups that were previously starved for talent rest&vesting at faang&co and we'll see much tighter market in 2-3 years.
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