Well the finance being low seems consistent with my experience. I know my employer is currently way more stressed about hanging on to people
How much have tech layoffs affected engineers vs. other departments?
321–330 of 359 posts
Re: How much have tech layoffs affected engineers vs. other departments?
#322This 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…
> This is likely to be the recession that halts the rapid inflation in tech wages. I think the transition to remote combined with the recession will put a damper on high tech salaries. I've already started seeing pressure from our executives to explore more hiring of remote workers to cut costs further.
I'm a remote worker. My company explicitly tells me they like remote workers because we are cheaper than locals (they are based in NYC). My comp is about 20-30% lower than I expect I could get if I had relocated to NYC. It's still more than double anything I could get where I actually live (Salt Lake City).
Re: How much have tech layoffs affected engineers vs. other departments?
#323Earlier quoted context omitted.
>Doctor's average on the other hand is more than double. And often have spent a lot more time in relatively low-paid training. And lawyers are at least somewhat bimodal (though maybe trimodal). White shoe firms, corporate lawyers/successful private practices, everyone else.
if you are one, you are not the other (type of lawyer), in same vein as dentist will never be GP or neurosurgeon or dermatologist and vice versa. you also don't see linux admins leading development of some software projects
Not really. They all went to law school and passed the bar. Of course, there are tiers of school, class rank, and clerkships that perform a sorting function. Law has pretty strong credentialing mechanism.
Re: How much have tech layoffs affected engineers vs. other departments?
#324Here 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?
I am looking at remote position in the whole euw
Re: How much have tech layoffs affected engineers vs. other departments?
#325Earlier quoted context omitted.
Dude, you have it 100% backwards, going all the way back to your first point. I feel like you aren't reading, aren't understanding, or something (d.k.?). in your framework, economic activity is up, we are just paying for it via trade imbalance Wrong, I don't have a framework. I am just trying to explain to you how GDP is calculated. Economic activity is down when measured used GDP. Your original post misunderstands G…
Bro, what you are not understanding is that equating a recession to a decrease in production is pointless. It’s why you won’t answer my C+I+G question. What is happening is that Americans are selling debt/assets in exchange for goods/services (that’s what a trade imbalance is). They are still able to consume and invest an increasing amount of goods/services and there’s no signs of that ability to finance those activi…
equating a recession to a decrease in production is pointless
I didn't equate a recession to anything. In fact, I never even used the word recession in any post, I don't have a framework, and not trying to push a political agenda. Literally, all I want to do is help you understand the GDP equation, which is often misunderstood as to how imports are excluded.
(production is not the economy my guy, trade imbalances have an impact)
Might be true, but we were talking about GDP. GDP is production. Imports are not included in GDP, so an increase in imports doesn't cause GDP to go down.
So keep calling me D-K but you have no idea what GDP even represents (production is not the economy my guy, trade imbalances have an impact).
OK, that is a very DK comment because all GDP does is try to represent production. So you may not like GDP, but you don't get to redefine it. It is what it is, flaws and all.
If you want to make the case that the health of an economy shouldn't be measured by GDP, awesome, go do it (somewhere else, I don't care, or even disagree). But when you do it, remember what I taught you: GDP excludes imports, so when imports go up and down they don't change GDP.
GDP is down, but that reflects trade financing
Wrong, because math. Spending is up equal to the amount of imports increasing, so there is no effect on GDP.
Lets just put this to rest and answer me this question.
You are conflating an increase in imports with a decrease in domestic spending. Trade is not zero sum.
Re: How much have tech layoffs affected engineers vs. other departments?
#326Re: How much have tech layoffs affected engineers vs. other departments?
#327Earlier quoted context omitted.
A lot of development jobs can be simplified into a web endpoint that hits a database. So that seems like a completely fair project to have students work on in an applied course. Also, universities do offer courses in cloud computing. I was helping our interns with their cloud computing courses back in like 2016, so it's not a recent addition either.
> A lot of development jobs can be simplified into a web endpoint that hits a database. This doesn't ring right. It might (maybe) be educational to do this, but I'd say that any "development job" that is about software development is not trivial like you say. An "endpoint-to-database" job doesn't exist [1] - I think you're making a simplification here and the real argument is if its educational. [1] find a job descri…
> I'd say that any "development job" that is about software development is not trivial like you say.
I did say, "simplified too." Yes, there's other things you might have to learn, but being able to, "take data from some place, then stick it into a database"; and "take data from a database, and send it to some other place" is a fundamental skill set for a lot of dev jobs.
You might be working at a FAANG and get to do fancy cutting edge development that never touches a database. But a lot of us at banks, insurance companies, etc are piping data into/out of a databases or other endpoints all day long.
> An "endpoint-to-database" job doesn't exist
9 of the 10 dev jobs I've ever had amounted to this, including my current one. Half of my job is maintaining a Go-backend bolted to a Postgres DB, and the other half is piping data from various APIs into BigQuery or vice versa.
Re: How much have tech layoffs affected engineers vs. other departments?
#328Earlier quoted context omitted.
There are also plenty of people unhappy with their FAANG jobs and don't want to trade it for a growth-chasing but ultimately unfulfilling startup. Those might be tempted to join a more robust startup.
Really? Why? I thought FAANG jobs were the closest thing to heaven on earth. Okay, I am being obnoxious, but seriously, this is first I have heard of this. Do you know why? Surely it can't be the remote work thing. I would assume there has to more to this.
It's the constraints that come from working in a large team/company - the bureaucracy, the politics, the kind of work (focusing more on scaling vs fun features). A lot more features can be tried out in a startup due to their smaller scale, but not if growth is the only thing they care about.
Re: How much have tech layoffs affected engineers vs. other departments?
#329Earlier quoted context omitted.
There are also plenty of people unhappy with their FAANG jobs and don't want to trade it for a growth-chasing but ultimately unfulfilling startup. Those might be tempted to join a more robust startup.
Those people already left or are on their way out soon, and there is a fresh crop every year
There are still many who are coasting along because there is no better alternative.
Re: How much have tech layoffs affected engineers vs. other departments?
#330Earlier quoted context omitted.
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.
Reported as of current monthly figures. Estimates are even higher.
Keep in mind that the "two consecutive quarters" is just snapshots of the monthly data at 3 month marks. They get revised over time.
It's completely possible that data from Q2 will be revised upwards and there won't be two consecutive quarters of negative GPD in the future. The Q2 data has already been revised upwards once.