Live data from Hacker News

Tech’s talent wars have come back to bite it

nytimes.com

11–20 of 86 posts

Re: Tech’s talent wars have come back to bite it

#11

The feels like exceptionally lazy reporting in the NYT. What was the expectation, that tech companies would be up and to the right perpetually? That public tech companies are immune to general market downturns? While a lot of tech companies are going through post-pandemic layoffs, most of them have headcounts that are still larger than where they were in Feb 2020, and have valuations that show steady growth. My predi…

This is typical NYT reporting on tech.

"I literally heard it from NYT reporters at the time. There was a top-down decision that tech could not be covered positively, even when there was a true, newsworthy and positive story. I'd never heard anything like it." [1]

[1] https://twitter.com/KelseyTuoc/status/1588231892792328192

Re: Tech’s talent wars have come back to bite it

#12
post #8

Earlier quoted context omitted.

I don't quite understand. I like challenges; I don't mind doing "FAANG Level work", whatever that means, at a small company. I don't care much for salary beyond getting a good salary for my locale. Having a great work/life balance is much more important to me. I don't want a "FAANG Level compensation" if that means I've got to move, work crazy hours, have absurd living expenses, have a lot of interview rounds with st…

What if moving to a FAANG means you work just the same as before, except get paid twice as much and are surrounded by competent colleagues?

> and are surrounded by competent colleagues

Current FAANG employee here -- how I wish this were true.

Re: Tech’s talent wars have come back to bite it

#13
post #11

The feels like exceptionally lazy reporting in the NYT. What was the expectation, that tech companies would be up and to the right perpetually? That public tech companies are immune to general market downturns? While a lot of tech companies are going through post-pandemic layoffs, most of them have headcounts that are still larger than where they were in Feb 2020, and have valuations that show steady growth. My predi…

This is typical NYT reporting on tech. "I literally heard it from NYT reporters at the time. There was a top-down decision that tech could not be covered positively, even when there was a true, newsworthy and positive story. I'd never heard anything like it." [1] [1] https://twitter.com/KelseyTuoc/status/1588231892792328192

This decision matters because the NYT influences other journalists to a large degree.

The person who took that autocratic decision was AG Sulzberger, the 37-year old publisher and chairman of the NYT. Surely a man wielding so much power and influence would have earned the post through merit and hard work, right? In reality it’s a hereditary post of the Sulzberger family.

It’s shocking that a man who is a product of nepotism has so little written about him. Where’s the investigative reporting into this momentous decision 5 years ago? Where’s the criticism for biasing reporters in this manner? There’s nothing because the family is that powerful.

Re: Tech’s talent wars have come back to bite it

#14

The feels like exceptionally lazy reporting in the NYT. What was the expectation, that tech companies would be up and to the right perpetually? That public tech companies are immune to general market downturns? While a lot of tech companies are going through post-pandemic layoffs, most of them have headcounts that are still larger than where they were in Feb 2020, and have valuations that show steady growth. My predi…

> now that it's a tiny bit more difficult for the big tech companies to suck up all the oxygen in the room.

It's now well established that Software is Eating the World. This downturn is just Software taking a small break between meals.

Re: Tech’s talent wars have come back to bite it

#15

Earlier quoted context omitted.

It's more that you see yourself doing FAANG Level work at other companies without FAANG Level compensation that keeps those dreams going.

I think the key there is them believing they're doing FAANG level work and feeling that they're not being compensated to the right level doesn't mean either of those are true. Also, shouldn't it be MAANA now instead of FAANG?

Maybe ANAMA? And when Pinterest makes it big, it will become PANAMA.

Re: Tech’s talent wars have come back to bite it

#16

The feels like exceptionally lazy reporting in the NYT. What was the expectation, that tech companies would be up and to the right perpetually? That public tech companies are immune to general market downturns? While a lot of tech companies are going through post-pandemic layoffs, most of them have headcounts that are still larger than where they were in Feb 2020, and have valuations that show steady growth. My predi…

The NYTimes has been hostile to tech for as long as I can remember, and my memory on the matter goes back to the 90's when Thomas Friedman was writing about how our jobs were going to India practically every other week. After Google had taken off, that stopped, and they changed their tone to some sort of embrace-and-extend.

It's been many many years of this. It's not going to change. The signal-to-noise ratio isn't going to improve. To that set of folks, we'll always be a bunch of picks and shovels. There's a subset of the liberal artsy crowd that will always see STEM as being lesser intellectually, and that's who these articles are written for. To be sure, that doesn't mean that STEM folks should be anti-liberal-arts. Folks on the engineering side need to own what that side of intellectual life offers, because you can bet that there'll be other (traditional-management-and-corporate) folks leveraging the liberal artsy side and learning what they can about tech so they can "manage" it. To which end, I would also consider this article a reminder and temperature read.

I'm indifferent if the narrative would drive away some talented students into other industries. Raw talent isn't all that there is. There were plenty of 10x programmers in the field before tech got big. And not everyone going into the big giants would be so good in a startup. If you ask me, there's other stuff at play, like the competition between programmers today, and the drive to climb the ladder above all else – those things more or less negate whatever benefit the bump in talent was, because those things don't help startups. Those things are much more readily harnessed by the truly big companies.

Re: Tech’s talent wars have come back to bite it

#17
post #11

The feels like exceptionally lazy reporting in the NYT. What was the expectation, that tech companies would be up and to the right perpetually? That public tech companies are immune to general market downturns? While a lot of tech companies are going through post-pandemic layoffs, most of them have headcounts that are still larger than where they were in Feb 2020, and have valuations that show steady growth. My predi…

This is typical NYT reporting on tech. "I literally heard it from NYT reporters at the time. There was a top-down decision that tech could not be covered positively, even when there was a true, newsworthy and positive story. I'd never heard anything like it." [1] [1] https://twitter.com/KelseyTuoc/status/1588231892792328192

This is incidentally a valid reason for HN to blacklist the NYT domain, at least until a formal reversal of the policy.

Re: Tech’s talent wars have come back to bite it

#18

There is a disconnect between “tech talent” and the overlap of layoffs. Sure, some firms have downsized across the board, but plenty of layoffs we are seeing in the last 12 weeks is focused on areas other than engineering.

Sure, but tech companies need marketing, product and recruiters too. Even if it's a software business, it can't just be run by software engineers (even if FB came closer than any other company I've worked for).

Re: Tech’s talent wars have come back to bite it

#19

Earlier quoted context omitted.

What if moving to a FAANG means you work just the same as before, except get paid twice as much and are surrounded by competent colleagues?

> and are surrounded by competent colleagues Current FAANG employee here -- how I wish this were true.

[deleted]

Re: Tech’s talent wars have come back to bite it

#20
Yesterday a friend working in an EE capacity told me he was laid off in the morning and by late afternoon was asked to come back as a contractor.

Meta may be trying to give Wall Street signals they are being prudent by cutting costs in the press, but actions are showing awareness that they need to double down to win.

Post reply on HN