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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?

#311
post #307
post #302

Earlier quoted context omitted.

But by that logic, error bars increased because the number went up? Idk if that’s how statistics works.

Errors in counting generally go as square root of the count. So yes, as number goes up so does the deviation.

Inflation readings being higher have nothing to do with a higher count.

Exact same amount of data points for inputs as 2% inflation.

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

#312

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.

What would "recession in full swing" look like exactly, from the perspective of changing your firm's behavior?

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

#313
post #28

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.

That's good. It was a terrible model to begin with. Profits and growth should come from providing value to customers not biding time until you can "exit" or whatever they call it.

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

#314

Earlier quoted context omitted.

most crypto assets can fall 99% from their initial trading price (like IPO price) before employees, founders and investors are at anything resembling a loss. 99.99% from all time highs thats true for newly or to be launched crypto assets, and for existing established cryptos the fully diluted value (non circulating supply that company holds) is often many times the supply that “marketcap” sites show, and this is paid…

A coin with a market cap of $1B that falls 99% is worth $10m. I'd love to see the startup with more than a few employees where that leaves anybody but the founders with anything. And usually these lesser known tokens are thinly traded and the volume doesn't support actually cashing out large trades at market price But yeah, if you trick enough ignorant retail investors to bid up your token, you can siphon their money…

Death spirals happen. Its a risk that lockups expiring create ongoing dilution not met by increased demand. Thats not controversial or exclusive to crypto assets, the early liquidity is currently exclusive and competitive.

The liquidity pool technology fixes the liquidity issue and many company’s investors park additional capital in the liquidity pools. Sometimes even their unvested tokens sit in them or the generated liquidity pool shares is put in the vesting timelock smart contract, guaranteeing liquidity for others (which often increases confidence for holding, knowing that people can get out at any time)

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

#316

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> 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…

CS programs are overproducing but they are overproducing the wrong skills. Most don’t have the cloud skillset or experience with IaC, they are never thought how to solve problems within distributed systems. And their idea of systems design is a Flask app talking to a MySQL database on a laptop. It’s not the students fault, but the education system is constantly behind the times, and sometimes even teach bad engineeri…

Very insightful and interesting comment. Thanks.

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

#318

Earlier quoted context omitted.

We are barely in the early stages of automation and digitalisation. There may be a temporary bump but we are nowhere near where we should be in terms of automating things. Let alone the existing code that needs maintenance. Large and boring companies, the Chryslers of the software world, will undergo a slowdown. There will be new tech and process coming around. We still have trains driven by people, planes flown by p…

This: "We are barely in the early stages of automation". I would disagree from the perspective of manufacturing. Most people do not realise how much automation has occurred in the last 30 years. The labour cost per unit of manufactured product continues to fall at an incredible rate. The future feels like a bunch of 99% automated factories in the middle of nowhere. It seems scary to imagine the day when someone can m…

"I would disagree from the perspective of manufacturing" as long as we are not at a stage i like to call FaaS (Factory as a Service) we are no there yet. Full automation means self driving trucks unloaded by robots that place raw materials on manufacturing lines which after fully automated processed are packed and loaded into self driving trucks.

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

#319
post #221

Earlier quoted context omitted.

You assume to know my bubble?

HN is a bubble -- and we're all in it by definition :)

I also exist outside this bubble and in many other bubbles.

Of all places, HN isn’t a place where I’d assume I know a given readers social circle.

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