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I’ve thought about this question quite a bit lately as I’ve seen some colleagues and LinkedIn connections announce they are being laid off. These macro-economic
by allthecybers 4y ago
I’ve thought about this question quite a bit lately as I’ve seen some colleagues and LinkedIn connections announce they are being laid off. These macro-economic questions are interesting to me.
On the one hand, tech companies have hired many tens of thousands during the pandemic. So where was everyone before that? Probably some were in university and this was their first job, but also what other industries or companies had an outflow of talent to add to the ranks of Meta, Uber, Amazon, et al?
Prior to joining a FAANG about five years ago, I was on the technical staff at a bank and did some IT consulting work. It wasn’t FAANG money, but it paid the bills and was steady employment.
I’m hoping that the outflow of engineering and technical headcount from the tech sector will be a value add to other industries that need to modernize their information systems or improve their security posture.
- coredog64 4y agoI worked at an i-bank a few years ago and there was regular boomerang activity from people who had left for more techie companies. One result was that this bank developed their own Borg implementation using existing infrastructure primitives. That had some pretty positive results on developer velocity. The only challenge is that these non-FAANG companies are going to have to come close to FAANG salaries and commit to IT improvements during an economic downturn. That’s not a task for faint-of-heart CIOs.
- polishdude20 4y agoWe will see if companies can stay low tech for longer than developers can stay out of a job. I'm thinking the first one.