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I think you have to factor in tech jobs are not as stable as people think. Performance review cycles regularly involve getting let go for a non-insignificant nu
by tempsy 7y ago
I think you have to factor in tech jobs are not as stable as people think. Performance review cycles regularly involve getting let go for a non-insignificant number of people. And people do not stay at companies for very long relatively speaking, either voluntarily or not.
Also hard to imagine that the bull run will last forever. A recession will hit the tech industry hard.
- pb7 7y agoTop tech companies are very stable in terms of employment. It is notoriously hard to get fired at the likes of Google and even if you draw the short straw, you often have 6-12 months of notice. People generally leave because they get job offers for more money or a combination of same money + shorter commute or more interesting work or change of scenery. Finally, the last recession was a doozy and still hit tech no harder than any other industry. Most of the same tech giants you’re talking about didn’t even have layoffs. I would call that as stable as it comes.
- tempsy 7y agoPlease read up on the performance review system at most tech companies because what you're saying simply isn't true.
- pb7 7y agoI am quite familiar with the performance review process at top tech companies given that I work at one. The difficulty in getting fired (especially without advanced notice) is often laughed about. The only thing harder than getting into these companies is getting fired from them.
- tempsy 7y agoMaybe at Google. It just isn't true for (at very least) Netflix, Uber, Microsoft, and Amazon.
- pb7 7y agoNetflix, Amazon, and Uber, no, but Microsoft is a hard yes. It was the first tech giant to popularize the whole "rest and vest" cliche and still does. Facebook and Apple vary by org but it's still quite possible if that's what interests you. Then drop down a tier and it's very easy -- the likes of Oracle, IBM, eBay, PayPal, Adobe, etc. push very few out because barely anyone wants to come in.
- tempsy 7y agoSo I named 4 well known tech companies, and you admitted 3 of them do regularly layoff workers during performance review cycles, and yet continue to argue that it isn't true that companies lay off employees on a regular basis...? Ok...
- pb7 7y agoI admitted that it's not laughably hard to get fired but it's still pretty hard if you show any semblance of effort. Naming three (of the most cut throat) exceptions out of thousands of companies is not an argument.
- tempsy 7y agoI named 2 out of the 5 companies that are a part of FAANG. The other is considered a big tech employer now. The top of market salaries come from these large, competitive companies. It is more unusual to be making that much and "resting and vesting" than not.