Earlier quoted context omitted.
poe's law to the rescue
Nathan, Edgar Allan or Cameron?
Power-over-Ethernet obviously.
The tech downturn seen through Hacker News comments
101–110 of 120 posts
Re: The tech downturn seen through Hacker News comments
#102Could it be that people don’t get much traction out of those posts and even if they have positions open they just don’t come back to post it there?
Re: The tech downturn seen through Hacker News comments
#103Earlier quoted context omitted.
What is political about "categorically reject"?
The funniest part about a thread like the above is that it's virtually impossible to tell if a given comment was made as a joke
Hmmm what could possibly fnordpiglet meant when he said what he said... but then again, each consecutive comment may or may not have been serious. Including this one.
Re: The tech downturn seen through Hacker News comments
#104Could it be that people don’t get much traction out of those posts and even if they have positions open they just don’t come back to post it there?
[deleted]
Re: The tech downturn seen through Hacker News comments
#105Earlier quoted context omitted.
The downturn is hitting all companies and all jobs. It’s bad out there. What’s perverse, and not being discussed enough, is that this is an engineered recession. Rather than admit our economy no longer works, the Fed can alternate between low and high interest rates (inflation or unemployment, take your pick) and so, even though bad things are happening, the fact that it’s different bad stuff each year makes it look…
Yeah, well, if they were to heat up the economy some other way than paying rich people to invest, or cool it down some other way than paying rich people to not invest, it would upset the only people who matter.
This.
Somehow those policies became the only acceptable ones a government can issue. Worldwide and through all the societies.
It is also an obvious cause of instability, because once you pay rich people to change their investments, it takes a huge amount of time until anything on the real economy changes. I really doubt policy makers run PDI algorithms over their data to attenuate that delay.
Re: The tech downturn seen through Hacker News comments
#106Earlier quoted context omitted.
The US BLS has 6 different unemployment measures. The one that's usually quoted is U-3 which means unemployed but seeking work. But if you left the country, I assume you're not counted in any unemployment measurement. (Though I also assume that's a sufficiently unusual edge case that it doesn't really move the needle on any of the statistics.)
It's really not that unusual. At major tech companies a sizeable amount of the workforce is on an H1B
I expect that if you combine the percentage of H1Bs at tech companies, the percentage of layoffs in tech overall, and the percentage of that number who can't find something else and have to or choose to leave the country you end up with a fairly modest number in the scheme of things.
Re: The tech downturn seen through Hacker News comments
#107Earlier quoted context omitted.
It looks to me like, in the US, the downturn is limited to a specific subset of the tech space. Mostly the SV-style companies. The larger tech space, at least in the software engineering segment, appears to be largely unaffected. They even seem to be hiring at the same rate as normal.
Anecdote: I work for a mid-size (~5000 employees) non-SV software company (heavily focused on a particular industry). We have been steadily laying people off quietly. But almost no software engineers. At this point it's the usual -- QA, project managers, enterprise architects, things like that. Management likes to pretend they're basically useless, they're somewhat expensive, and it looks like an easy win to cut that…
I work for a smaller company (< 200 employees) and it's similar. We are still hiring additional engineers but we've let go some project people as well as our scrum masters. Scrum masters at least do feel like they don't justify their salary to me really, it isn't as if the team leads don't have to be in all the meetings they run so may as well have the team leads run them
Re: The tech downturn seen through Hacker News comments
#108We have an expected attrition rate at my company across all departments. We normally lose about 10 people per quarter. This quarter the number of people leaving - zero.
What I've been seeing with the caveat that I may just be more aware of the senior people is a significant number of people with 10+ years tenure at the company leaving.
Thats what suprized me as well. I have one friend who was level 7 at google on the youtube team. His whole team was cut in the 1st round of layoffs.
He had been at google for 12 years.
Re: The tech downturn seen through Hacker News comments
#109Earlier quoted context omitted.
everyone is exorbitantly indebted to everyone. At some point, someone has to put some reality back into the simulacrum because simulacrum does not feed your family
> everyone is exorbitantly indebted to everyone Nobody goes there any more, it’s too crowded? > At some point, someone has to put some reality back into the simulacrum because simulacrum does not feed your family Aren’t poverty, famine, and food scarcity at record lows?
>Aren’t poverty, famine, and food scarcity at record lows?
They were temporarily alleviated thanks to technological advances.
Re: The tech downturn seen through Hacker News comments
#110Earlier quoted context omitted.
At least in Germany, I'm not seeing any signs for a major downturn in IT. At least on the hiring side, it actually seems to be even harder to fill mid-to-senior technical roles than last year at this time, and it wasn't exactly easy then either. Hearing similar takes from several companies, all of them still on hiring sprees.
How much of that is due to salary expectations? I think there's plenty of people that have got used to an inflated salary, so offering "local market rate" won't cut it. Time will tell if the global downturn will lead to reverting to norm (especially as a lot of companies seem to be moving away from fully remote).
Very much this I think. Actual Senior devs (10+ years, fullstack from react down to AWS or bare metal, leadership xp, even DevSecOps skills, …) and offers below 100k are simply a joke. Of course these 500k+ compensations of SV are not usual in Germany, but thanks to remote most senior guys I know earn much more than what is offered locally