511–520 of 580 posts
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Also, Indian culture has a huge ‘overpromise, then try to cover it up’ issue at all levels. Outsourcers have really mastered it though. Source: lived in India for a year.
A lot of tech has this culture in general: "fake it till you make it". I see this a lot in the startup culture as well.
As a recently laid of senior engineer, to the extent that my job was replaced, it was replaced with offshore junior devs who'd already been working with the company for over year with a pretty rough level of productivity by man-hour, though maybe taking 3x the time to get things done is worth it if they're cheap enough. Which is to say I see my layoff as as cost cutting backed by a premise that there is no value in r…
Similar trend at my company - we're looking to hire in India to reduce costs. The rumor is that we could replace 25% of our existing IT workforce without outsourced roles. If anyone is worried about their job, it won't be AI that takes it - it will be outsourcing. The US offshores 300k jobs per year with a high percentage of them being IT (60-80% depending on source). It's really not that different to the offshoring…
It turns out there is little value in management alone. It will be cut loose like the rest. Perhaps these companies can become patent trolls.
Also they have a very hard time to find new talent since word gets around. Sometimes it works for industries like textile, but not always, and it doesn't work for engineering.
It mostly works for low budget or high volume products. It is still a bad long term strategy. Still, outsourcing didn't just start yesterday.
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You said: > Surely this would be indicated by a glut of unfilled job postings. I posted a link about Ghost jobs. Then, you said: >[...]it is a job posting an employer has no intention of filling to begin with. GP' comment speaks to recent graduates feeling less engaged. Whether it's because they fail to meet the requirements, or the requirements are literally fake doesn't matter. AI isn't used simply to cheat on cour…
I still don't understand the connection—you can't measure level of competency this way.
To illustrate with reductive absurdity: If every CS student in the market used AI to do all of their coursework, and got a degree still -- that would, among other things, likely reduce appetite on the hiring side.
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Hacker News doesn't like to hear it, but remote work is a big part of this. All that effort convincing management you're just as effective working remotely was also a collective sales pitch to outsource your role.
Outsourcing comes and goes in waves. Good talent in India and the Philippines tend to work for FAANG companies, often at very comparable salaries to the west. The remainder of the talent tends to struggle with some of the outsourced work, but with AI they can now give a semblance of competence. In the UK a major retailer, Mark and Spencer got hacked after outsourcing work to India. They couldn't fulfill orders online…
One issue is that in many industries senior leadership just doesn't stick around for long enough. If your CEOs rotate out every 5-10 years then you're basically SOL; the next guy comes in, gets bamboozled by sweet talk of vastly reduced costs of offshoring and BOOM, round you go again!
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> Good talent in India and the Philippines tend to work for FAANG companies, often at very comparable salaries to the west. I've never heard of typical senior engineers getting paid $400k/yr in those locations. Outside the US, I've only heard of Zurich being the only comparable location.
Yea almost no one is making Bay Area level TCs in either location aside from those directly relocated from the Bay or working in HFT at Citadel, Jane Street, or DE Shaw, but you will be able to make Germany or UK level TC (US$50k-110k) with the right track record and experience. Ofc, an equally large cohort will be earning low salaries in the $5k-15k range, but those are largely employed at WITCH or EPAM type compani…
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Remote work and outsourcing are two very different beasts, and companies have outsourced long before remote work. In fact, remote work is rarely an option in countries where outsourcing happens because the quality of high-speed internet isn’t uniform enough for folks to be able to just work from home. Additionally, companies can’t just hire individuals in other countries. They have to set up business entities and tha…
Everything about this is the opposite from my experience. No one is talking about outsourcing to body shops like the old times a decade ago. I went from employing offshored devs and IT talent competing with low-effort body shops, to now competing directly with the largest names in the industry for those workers. It is not hard at all to employ people “directly” in most countries. Plenty of global payroll services tha…
Traditional offshoring bodyshops are very much back in vogue too.
I can assure you a lot of veteran devs in my company who had major impact were let ago because of off shoring to India and Poland. My employer is a very well known financial institution, think Blackrock, Bloomberg etc. Public press paints picture of the firm laying off due to adoption of AI. Yet, I can assure you without doubt its not because of it but due to continued offshore. I think we are at the brink of opening…
But you can make more money. And if you don't, then it's crime against the fiduciary.
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But you can make more money. And if you don't, then it's crime against the fiduciary.
Exactly, you're on the hook to profit-max for the next quarterly earnings report. If that may negatively impact subsequent quarters, not your problems, that's to be resolved when profit-maxing those quarters
Consider companies like Amazon, Tesla, who (initially, for many years) prioritised long term growth over short term profits. Look at how long they lost money for. You do need a CEO who actually has some vision.
If Amazon’s layoffs aren’t AI driven, and AWS is making more money than it’s spending on AI infra… how is Amazon evidence of AI spending replacing jobs? This is an interesting topic, but this particular article left me pretty unsatisfied, it feels like juxtaposing a bunch of barely related numbers with some very popular talking points, but no new information? It hints at “AI washing” without doing any digging at all,…
AWS is making more money, they are not making money running llms. The companies didn't want to reveal internal procedures and exact profit/loss statements, is that surprising to this article writer? Sorry but MIT is more trust worthy than this stonk pumper site.