4 ms·
I think the main change happening now is tech salaries are going to be coming down. There is intense pressure from investors on big tech to lower expenses - and
by nvarsj 4y ago
I think the main change happening now is tech salaries are going to be coming down. There is intense pressure from investors on big tech to lower expenses - and a lot of that is what investors think are overpaid engineers. Rate of operating expenses has increased far faster than revenues.
So, hiring is frozen, layoffs will be happening and PIP quotas are increasing (e.g. GRAD at Google). Top end demand is shrinking and that will push compensation down industry wide.
I think you are fine as long as your expectations are tempered. There are still plenty of places hiring without big tech salaries.
- b20000 4y agoso is the cost of living in california coming down then?
- nvarsj 4y agoGood question... I think there will be less demand for the high house prices/rent. But there are a lot of other factors, like high inflation.
- b20000 4y agoRealtors control the pricing, and will continue to drive the prices up. The state profits via excessive property taxes, so they are in the same camp as the realtors. The compensation in FAANG is what is required to have a normal and comfortable lifestyle in California. So no, it is not "ludicrous" as some people are claiming.