Tech’s talent wars have come back to bite it
nytimes.com
Tech’s talent wars have come back to bite it
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Re: Tech’s talent wars have come back to bite it
#2It’s hard to just blame the employers when I have seen so many people, most especially on HN, dying to treat employers as fashion accessories. Don’t tell me the rest of you haven’t seen developers fawning over themselves to become a part of FAANG. Even with the layoffs I still see people on here dreaming of FAANG.
Re: Tech’s talent wars have come back to bite it
#3The 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 prediction is that over the next decade we're going to see a narrative in the media that hiring is still exceptionally difficult in the technology sector. There's a very real chance that this round of layoffs drives students and recent graduates into other industries if big tech is no longer seen as an easy path to outsized compensation. It was real side effect of the dotcom bust and the 2008 recession.
I'm excited to see what new companies are going to form in the next few years now that it's a tiny bit more difficult for the big tech companies to suck up all the oxygen in the room.
Re: Tech’s talent wars have come back to bite it
#4It’s hard to just blame the employers when I have seen so many people, most especially on HN, dying to treat employers as fashion accessories. Don’t tell me the rest of you haven’t seen developers fawning over themselves to become a part of FAANG. Even with the layoffs I still see people on here dreaming of FAANG.
It's more that you see yourself doing FAANG Level work at other companies without FAANG Level compensation that keeps those dreams going.
Re: Tech’s talent wars have come back to bite it
#5It’s hard to just blame the employers when I have seen so many people, most especially on HN, dying to treat employers as fashion accessories. Don’t tell me the rest of you haven’t seen developers fawning over themselves to become a part of FAANG. Even with the layoffs I still see people on here dreaming of FAANG.
I imagine that sentiment is with the younger crowd. The fawning over FAANG seems to be a new grad/junior thing. It very much reminds me of young bragging over which Big 4/public accounting firm they were going to join, or which investment bank. The senior/experienced people know that a job is more than the name or endless swag.
Re: Tech’s talent wars have come back to bite it
#6It’s hard to just blame the employers when I have seen so many people, most especially on HN, dying to treat employers as fashion accessories. Don’t tell me the rest of you haven’t seen developers fawning over themselves to become a part of FAANG. Even with the layoffs I still see people on here dreaming of FAANG.
I imagine that sentiment is with the younger crowd. The fawning over FAANG seems to be a new grad/junior thing. It very much reminds me of young bragging over which Big 4/public accounting firm they were going to join, or which investment bank. The senior/experienced people know that a job is more than the name or endless swag.
> The senior/experienced people know that a job is more than the name or endless swag.
And even than the money for people I know, myself included. I want to like the work and the people most of the time and I want a life and side projects next to it. I don't care if the compensation is less for that.
Re: Tech’s talent wars have come back to bite it
#7There 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.
Re: Tech’s talent wars have come back to bite it
#8It’s hard to just blame the employers when I have seen so many people, most especially on HN, dying to treat employers as fashion accessories. Don’t tell me the rest of you haven’t seen developers fawning over themselves to become a part of FAANG. Even with the layoffs I still see people on here dreaming of FAANG.
It's more that you see yourself doing FAANG Level work at other companies without FAANG Level compensation that keeps those dreams going.
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 stupid coding tests, have a continuous fear of layoffs, have a lot of bureaucracy, etc.
Re: Tech’s talent wars have come back to bite it
#9It’s hard to just blame the employers when I have seen so many people, most especially on HN, dying to treat employers as fashion accessories. Don’t tell me the rest of you haven’t seen developers fawning over themselves to become a part of FAANG. Even with the layoffs I still see people on here dreaming of FAANG.
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?
Re: Tech’s talent wars have come back to bite it
#10Earlier 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 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?