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I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. I do agree this is generous af. Most companies just give out minimum severance.
by xyst 4y ago
I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. I do agree this is generous af.
Most companies just give out minimum severance. No acceleration of vesting. Healthcare continues for maybe 1-2 months. I know at my current company, I will lose all PTO.
- oblio 4y ago> I feel most decent engineers can get rehired elsewhere with 14 weeks of runway. Oh, sweet summer children and children of recession free economies for IT. If job openings fall to 10-20-30% of current ones and tens, hundreds of thousands of IT workers are fired, good luck getting hired quickly, when any of the few good remaining job opening has hundreds of good applicants. We'll be back to the days of: Sure, you can code, your algorithms are efficient and your CV is impressive, but can you tell me how many overloads of string.contains are there in the Foo lang standard library? Ah, you say that's unfair? Well, the previous 10 candidates where just as good as you so we need more. We need you to hit the ground running, be productive the first week and be coaching our experienced devs within the first month.
- acjohnson55 4y agoI think that scenario is increasingly unlikely. Unlike the past two downturns, there are vastly more mature companies with devs essential to their business models.
- ununoctium87 4y agoAnd there are vastly more engineers to compete against
- astura 4y agoSO MANY more experienced devs to fill those jobs nowadays, though!
- sirsinsalot 4y agoI've been a continuously hired coder for 20 years, with zero qualifications, and have never experienced anything but demand even in recession. There's always non FAANG boring crud apps to code.
- throwayyy479087 4y agoI want to write boring ground-up CRUD apps. How do I find that work? I'm tired of big distributed systems that are too complex for a person to grok.
- Firmwarrior 4y agoThe trick is to be willing to work for 120k or less, haha Which, to be fair, is still almost twice the median household income in the USA
- maerF0x0 4y agoAlso the trick is, if they want you to live anywhere with a median home price > $360k, then it's a bad deal. A $120K job better be full time remote and have fantastic work life balance.
- throwaway292939 4y agoHow did you arrive at this? 3x salary as the norm?
- saagarjha 4y ago1/3 is generally considered to be a healthy debt burden ratio.
- emodendroket 4y agoAccording to whom? This would basically mean like 5% of Americans could own a house
- fny 4y ago
- bogomipz 4y agoI can not understand how your comment relates to the parent in any meaningful way. The tech hiring boom that occurred with Covid was certainly one contributor to over-staffing. The parent is simply stating that market conditions are changing and that it might not necessarily a given that it will be so easy to find something new if we continue to see layoffs. That all seems pretty logical. However your response seem to be two links that are now a year out of date and a bizarre statement to "Stop believing the bullshit you're being fed"?
- jacobsenscott 4y agoCan we please retire this "sweet summer child" thing? It is annoying af, rude, and likely never written by anyone over 30.
- slackfan 4y ago
- nfgivivu 4y ago
- sammalloy 4y ago
- propagandist 4y agoThat makes me hate the phrase even more.
- vector_spaces 4y agoI might be wrong but I think people were saying this long before GOT?
- sammalloy 4y agoI doubt it. It’s a direct reference to the book. To be a sweet summer child in the book is to be naive about the winter that is eventually coming, since you’re too young to have ever lived through a winter before, and therefore have no idea or conception or experience of what the real world is actually like. For those who don’t know, summers and winters are exceptionally long in the fantasy world of Westeros, and if you were born at the beginning of summer, you could reach the age of 10 before ever knowing a winter.
- nullwarp 4y agoI've lived in the south my whole life and have heard the phrase long before game of thrones...
- deleted 4y ago[deleted]
- andirk 4y agoWhy does this person talk like they live on a Roman reenactment battlefield AND somehow with all those words said nothing of substance? Software engineers are needed all over the place and thus are often easily employable.
- oblio 4y ago> Software engineers are needed all over the place and thus are often easily employable. Needed as in must have or nice to have? There are tons of devs creating tons of tech for the sake of creating tech. Cryptocurrencies come to mind, or all those half baked government automation projects where the digital version is in the end slower and more error prone (plus with limited or no recourse in case of failure). And secondly, sure, they are, but what happens when you have 10 million devs and 8 million dev jobs? Past success is not a guarantee of future performance. Detroit and the car company cities and towns were amazing places to live in, and car engineer jobs were great, decades ago. Until they stopped being great.
- twelve40 4y ago> Sure, you can code, your algorithms are efficient and your CV is impressive, but... it sucks and is unfair, and I might suffer from that myself, but isn't this the very essence of capitalism? if I'm ridiculously good and there are 10 more people who are also ridiculously good, it's going to come down to nitpicking, because we all compete in a market for this same req.
- csomar 4y agoCalm down. Demand is super strong, even right now. It's almost impossible to get a decent software engineer who has a strong command of the English language and can articulate himself. Most developers hitting the market with CVs are bootcamp generated and they don't have the slightest idea (and neither the interest) of what they are doing. They'll disappear as soon as the money does. Unless you have a family and live in the Bay Area, you should always be able to move to a low cost of living and wait for the recession. It'd cost much less than $30k/year to spend a year in Kuala Lumpur with all your food delivered.
- tptacek 4y agoIt's almost impossible to get a decent software engineer who has a strong command of the English language and can articulate himself. No, it's not.
- csomar 4y agoSure if you are a FAANG, hot startup with funding or offering $300k/year. But if you are a regular company with a normal budget, you are left with nothing. And I understand this is the market. I'm just pointing is that it's not as near bad as the previous poster has claimed.
- rl1987 4y agoDoes the ordinary company need professional Leetcode player that FAANGs are looking for? Or does it need someone who is about average on web development and willing to work for about average salary? Not every guy should aspire to date a supermodel and not every company should cargo-cult FAANG interview process.
- csomar 4y agoFair enough. You should be fine if you are doing regular REST/React stuff. But if you want to work on something like WASM, Rust, fine tuning Web Sockets over GraphQL, etc... then suddenly, you need an "above average" developer.
- RC_ITR 4y ago>I feel most decent engineers Get ready for the definition of 'decent' to get a lot more scary...
- sonofaragorn 4y agoThey are also saying that departments are affected disproportionately. It's likely much harder for recruiters to find a new job, especially when hiring is being frozen at most companies
- quickthrower2 4y agoThey are playing the long game