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

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

#141

Post by davewritescode »

sremani wrote: post #28
nobodyandproud wrote: post #17

My firm is still playing the long game, so we’ve been actively hiring talent. Check back if/when a recession is in full swing.

Everyone plays a long game until the cost of debt and debt servicing comes home. There are just too many Zombie Unicorns, it is matter of time. If your company is not profitable consider yourself jobless 6 months from now.

You are correct. There’s a particular company that’s local to me that hired away a bunch of my mediocre engineers at very high salaries because they were printing money during COVID.

In 2022 their operations cost was 150% of revenue and I have to imagine that those people are sweating a bit now.

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

#142

Post by BlargMcLarg »

yulaow wrote: post #22

Here in Europe layoffs are more uncommon but I am having a very hard time finding open positions compared to just 3 years ago ( last time I was changing jobs ), and the situation is getting worse and worse each week that passes. And for juniors is already far worse: I very rarely see job openings targeted to them anymore. It seems like everything is frozen.

I'm not seeing this at all. Hiring is pretty hot still and wages have increased fiercely. Recruiters are still a plenty too.

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

#143

Post by plasticchris »

kyleblarson wrote: post #106
colinmhayes wrote: post #59

Earlier quoted context omitted.

US gov uses a non-partisan third party think tank to officially declare recessions.

If you believe there exists a "non partisan third party think tank" I have a bridge to sell you in Arizona.

London bridge?

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

#144

Post by qchris »

openfuture wrote: post #111
qchris wrote: post #84

Earlier quoted context omitted.

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 gua…

I think I can name an example, which is how I am approaching datalisp; https://sr.ht/~ilmu/tala.saman/ the first principles bit for my context refers to: fixing a standard encoding that is sufficient for the task, determining inputs and outputs of model, setting a general guideline for expressivity of model (space of conflict-free programs), sketching interaction modes and user interfaces. These are the first princip…

Thanks for the insight!

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

#145

Post by jonathankoren »

plasticchris wrote: post #143
kyleblarson wrote: post #106

Earlier quoted context omitted.

If you believe there exists a "non partisan third party think tank" I have a bridge to sell you in Arizona.

London bridge?

Is it for sale again? :)

https://www.history.com/news/how-london-bridge-ended-up-in-a...

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

#146

Post by ProZsolt »

kypro wrote: post #130
yulaow wrote: post #26

Earlier quoted context omitted.

Actually it's the opposite. I am done with dapps and blockchain development and just looking for fullstack (preferring only backend when possible) typescript/golang positions. I am getting a good amount of recruiters contacting me for blockchain related positions but every single time I speak with them their projects are so ridiculously stupid I am flabbergasted that they got investors. "Normal web dev" recruiters? J…

I'm in the UK and I've noticed the same thing. I have a job, but currently looking for something else at the moment as it's looking quite unstable. I've been getting maybe an email or two a day from recruiters and I haven't received a phone call in weeks, which is at lot less than I would usually get. I emailed two recruiters back this week with my CV and neither replied. I'm fairly experienced too (12+ years) so I w…

I have 5+ years of experience and was looking for a Senior Go developer position.

I started sending out my CV on the second week of September. I got more interviews that I could manage. The companies getting more picky and I got fewer offers than expected, but getting interviews wasn't a problem.

As I see here are only a few junior or medior position, but companies are still hiring for senior and above.

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

#147

Post by throwawaylinux »

tomrod wrote: post #128
Jensson wrote: post #83

Earlier quoted context omitted.

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.

Economists don't favor democrats but rather seek reality, and the argument that conservative viewpoints are somehow not present in universities, especially in economics departments where Marxists econ profs and Austrian econ profs dine at the same tables and chair the same candidates, is both hilarious to people who have lived experience there and somewhat sad for those same because to communicate reality to folks es…

How dare you accuse a marxist economist of seeking reality.

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

#148

Post by yrgulation »

chrischen wrote: post #91
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…

Tech is pretty different in that its whole point is automation and reduction of redundancies. I would imagine over time there wouldn’t be a need for a mediocre engineers as their jobs would just be done by code written one time by a superior engineer. We’ve seem this already happen to “mom and pop” web dev shops getting pushed out by the work of a handful of companies (Weebly, squarespace, Shopify).

> We’ve seem this already happen to “mom and pop” web dev shops getting pushed out by the work of a handful of companies (Weebly, squarespace, Shopify).

Yet automattic is a 7 billion dollar company and wordpress runs almost half the web. Point being that if anything weebly and such lowered the entry bar for small businesses. Of which some are lucky and move upwards, driving demand for devs. I like to call such companies and tools facilitators. The more, the easier for non tech people to enter the digital business world, and the more demand for developers.

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

#149

Post by yrgulation »

yulaow wrote: post #22

Here in Europe layoffs are more uncommon but I am having a very hard time finding open positions compared to just 3 years ago ( last time I was changing jobs ), and the situation is getting worse and worse each week that passes. And for juniors is already far worse: I very rarely see job openings targeted to them anymore. It seems like everything is frozen.

I mean europe is a bunch of diverse economies. So where in europe are you seeing this?

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

#150

Post by returningfory2 »

01100011 wrote: post #35

We (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…

Genuine question: what does FANGish mean?
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