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Where have all the laid-off tech workers gone?

economist.com

221–230 of 451 posts

Re: Where have all the laid-off tech workers gone?

#221

I can't find another job even with a FAANG background. The market is brutal. Maybe my only choice is to start a startup.

You FAANG background doesn't impress me. I need colleagues I can count on, who make themselves an expert in what's needed in the moment. If you can demonstrate that from your projects, wherever you did them, I look forward to working with you.

Re: Where have all the laid-off tech workers gone?

#222
post #130
post #94

Earlier quoted context omitted.

> and they knew very little about non-proprietary technologies that we used on a day-to-day. I had an eye opening experience several years ago. My group was partnering with a group at Google. Their developers were sharp, as one would expect. But were very lacking in what would otherwise be considered table stakes, the reason always wound back to they had a proprietary Google equivalent of X, so thus they weren't fami…

This just shows how dumb it is to require specific knowledge of products of clearly qualified people.

If you're hiring for a specific skill set it might be because you have a target you're trying to hit. In my experience purse strings typically open because the company has a new project they want to complete in N time, and need X additional headcount to accomplish the goal in the time required. If it takes 3-6 months to onboard someone, you might not get your new headcount fully onboarded before v1 of the project ships.

Re: Where have all the laid-off tech workers gone?

#223

One thing that is very important to realize after being laid-off from a very big company during a recession is that you need to adjust your salary expectations for the new reality. And the other thing is that you should have been prepared for this a long, long time ago. Economic cycles are a thing, it is in all history books, there's no excuse for not being aware of them. I have always been very very conservative wit…

I don't think we're in a recession. At least not yet. I think your point about salary expectations is kind of interesting though. In my industry (restaurant disposables), we're going through a big price "reset" right now. Almost all of our pricing is trending towards where it was before everything started going crazy in 2021. Maybe tech salaries are heading the same way?

Re: Where have all the laid-off tech workers gone?

#224

Earlier quoted context omitted.

I'm running into this with increasing frequency, particularly people coming from Amazon. For example, they know nothing about something like Kafka because they've been using some Amazonified version of something similar instead. They of course we'll never be able to match what they used to make and it would be more risk than I want to take to have them use us as a stepping stone while they try to get back to that lev…

you sound like a kafka system implementor. why would you hire software devs to implement kafka instead of kafka system implementors?

Outside of FAANG, roles aren't guaranteed to be this specialized. If you can't adjust and expect it to be done like they did it at your FAANG, you're going to have a tough time being productive.

Re: Where have all the laid-off tech workers gone?

#225

Earlier quoted context omitted.

“every laid off individual” should be “every laid off individual with a LinkedIn account”.

I wouldn't be surprised if most FAANG and similar tier companies require a linkedin account; mine did. HR sent policies, and would help you with a headshot, with the idea you'd use that w/ your email, Teams, etc. as well.

Surprised any FAANG uses teams. I think the only headshot you might need is for your badge, can't imagine any serious company mandates LinkedIn (that would be your boss deciding that and not HR).

Re: Where have all the laid-off tech workers gone?

#226
post #156
post #145

Earlier quoted context omitted.

Zero of my friends laid off from google are even looking for a new job. My wife was always asking me to retire, but after a year or so she’d say “it would be good for you to have a job”. Then repeat. Retiring isn’t that fun when you’re in your 30s. So I suspect a bunch of them will be back in the job market eventually.

Its actually not that unexpected, a big contributor is inflation. If you've any experience with Argentina, or other hyper-inflationary events, there comes a point where your labor is more valuable to you than what others are willing to pay you for. When the store of value is degrading rapidly, and wages in general always lag, those with options will do something else. Most companies I know simply are unwilling to adj…

This is the best little nugget of wisdom I've come across in a while, thank you for sharing it. It was well written and concise, and I feel like I understand the world a little better

Re: Where have all the laid-off tech workers gone?

#227
post #23

Earlier quoted context omitted.

Are you expecting a salary similar to the one you were getting at a FAANG though? Because that seems to be the main issue - FAANG people thinking they're worth way more than they actually are.

> FAANG people thinking they're worth way more than they actually are. I find your tone concerning, considering there's something driving wages down (which if you're a wage worker should make you squirm regardless of how much you make). I feel some resentment against fellow workers (because it doesn't matter how much you make, if you MUST work to live, you're a worker), but it doesn't matter. Wages aren't tied to wor…

There's a degree of truth in that, but I think it applies for larger companies, especially very profitable ones.

On the smaller side, I've noticed that I can build the same 'thing' for two organizations, A & B. Org A will struggle to get any value from it, and Org B will make a killing from it. From my standpoint, it was approximately the same tech, same effort, often even similar problem space. But some companies are better at extracting value. You able to take software X and get $3M in sales from it? You'll have no problem paying me $150k. Someone else with same software X struggling to operate their company to make a profit... they won't be able to pay anything.

This idea that someone is 'worth', say, $300k/year because of their skills or experience just doesn't seem all that productive. Or... perhaps what I've been hearing is people conflating what they 'should' get in the marketplace because of past experiences. Finding the companies and industries that can extract value from what you provide isn't always easy.

Re: Where have all the laid-off tech workers gone?

#228
post #145

Earlier quoted context omitted.

Zero of my friends laid off from google are even looking for a new job. My wife was always asking me to retire, but after a year or so she’d say “it would be good for you to have a job”. Then repeat. Retiring isn’t that fun when you’re in your 30s. So I suspect a bunch of them will be back in the job market eventually.

> Retiring isn’t that fun when you’re in your 30s I would kill to retire. All I want to do is make art, music, cook, hike, kayak, and travel on the cheap. I have about.... 1/20th of the savings needed.

I realized not long ago that all I really want to do is walk all day maybe listening to audiobooks sometimes. That’s my retirement plan until I get bored with it.

Re: Where have all the laid-off tech workers gone?

#229
post #130

Earlier quoted context omitted.

This just shows how dumb it is to require specific knowledge of products of clearly qualified people.

If you're hiring for a specific skill set it might be because you have a target you're trying to hit. In my experience purse strings typically open because the company has a new project they want to complete in N time, and need X additional headcount to accomplish the goal in the time required. If it takes 3-6 months to onboard someone, you might not get your new headcount fully onboarded before v1 of the project shi…

It doesn’t take 3 months to do this even at wholly internal faang environments except in some special cases.

Most of what people are talking about can be learned in days because they’re 90% the same as other products. Sometimes it's hours as someone else said because they're just generic databases or a pubsub system.

Re: Where have all the laid-off tech workers gone?

#230
post #48

Earlier quoted context omitted.

What suggests that the majority of laid off employees were H1Bs?

yes, he is. But, I think most of the laid-offs are non-technical positions. I have also no data to support my statement.

interviewing.io has a blog post. Only like 5% of laid off were engineers.
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