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Am I missing something or is this literally "Displaced workers get new jobs"?
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In EU, you also pay for healthcare and transport, just indirectly in the form of taxes, which is why tax rates are much higher. There is a cross over point for salary in US where below that, it becomes advantageous to live in EU, but tech salaries are well above this point.
My manager moved from the US to Sweden, said he got about 60% in Sweden. His Wife isn't working in Sweden yet and they still have more money on pocket. Very anecdotal and might be inflated one way or the other. But I'm not so sure it's as clear-cut as some might think. Unless you're the top X % raking in the biggest $$
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If you let your bottom 20% performers go, what are the odds you'll want them back?
Far be it from me to try to change your mind here, but based on my first hand experience this isn't true. Myself, and all of members of my team in my location, were laid off 2 weeks ago from one of the big 4 tech companies. Within the 4 people on my team one was stack ranked within the top 20% of the org of ~75 engineers earlier this year and another was in the process of being promoted. The other two were new to the…
I don’t understand what the opportunities for startups are these days. Anyone know? I feel like the world doesn’t need more saas companies or otherwise you’re doing a chatgpt api company.
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Companies this profitable and large often actually overhire a small degree to deny the competition talent and to give a layer of people that can be laid off to boost profits quickly to make a board think management is good. Google or FB can lay off 5k people and not even NOTICE a change in productivity, but the boards eat it up.
They might hire to scoop people up, but when they fire, don't they fire based on performance? Or is it purely a random pick?
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ReflectedImage thinks large companies layoff engineers based on a random number picker. The truth: everyone knows who the underperformers are.
Everyone in a team might know who the underperformers are. But team members and EM are kept out of layoff-related decisions, which are generally done by upper management with the help of external consultants. Those external consultants are about as good as a random number generator.
I don’t understand what the opportunities for startups are these days. Anyone know? I feel like the world doesn’t need more saas companies or otherwise you’re doing a chatgpt api company.
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Come on over to Europe. Don't forget your stabproof vest, your riot gear, and blankets because we have no heating.
Could you please stop posting unsubstantive comments and flamebait? You've unfortunately been doing it repeatedly. It's not what this site is for, and destroys what it is for. If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.
I thought there was a VC funding crisis? How can they afford to hire so much?
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Most people who work in ‘big tech’ have previously worked elsewhere. Having worked both in small (<100 people and sometimes <10 people) startups and now in Big Tech(TM), it’s not necessarily clear to me that one’s better than the other. They’re different, but working in a startup is not clearly _worse_.
Personally i find startups better to work at. Instead of being a cog in a machine that takes years to “approve” what’s actually needed for the task at hand or having some inexperienced “cio” worker dictating what os or kit you can use you actually get to play with modern tech and do fun things. Even as a manager it’s more fun.