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Layoffs hit overvalued, bloated companies, and the majority of laid of people are non-technical staff, or junior employees. None of this has ANY effect on comp
by _xrp0 4y ago
Layoffs hit overvalued, bloated companies, and the majority of laid of people are non-technical staff, or junior employees.
None of this has ANY effect on competent software engineers. Most of my peers keep getting massive offers left and right. Nothing has changed for them.
- PainfullyNormal 4y ago> Most of my peers This is the job market equivalent of "it works on my computer."
- ipaddr 4y agoDo you have hard data examples like peer A got 100,000 in New York for Python developer? Shopify laying off 10% of their workforce could have an effect with Ruby developers.
- Silhouette 4y agoNone of this has ANY effect on competent software engineers. Maybe in your part of the world or the industry. I know at least a few excellent people with excellent track records and previously excellent career paths who have just been in the wrong place at the wrong time since COVID and its aftermath, just like I did in the GFC and the Dot Bomb before. They say pride comes before the fall. I imagine that over the next couple of years some relatively young developers who have coasted along on the wave of tech growth through the 2010s and never experienced a big bust in the industry before are going to learn that those nice salaries and equity-backed top-ups aren't nearly as valuable or guaranteed as they've become used to.