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There's still a ton of jobs out there, depending on where in the world you're able to work. They might not be as exciting, the companies aren't as well known, b

There's still a ton of jobs out there, depending on where in the world you're able to work. They might not be as exciting, the companies aren't as well known, but they still pay fairly well and it's stable. I do feel bad for those who are losing their jobs, it's not their fault. Many of the companies currently firing people simply had too many employees to begin with. Daniel Elk even admits it: "I was too ambitious in investing ahead of our revenue growth".

deleted 4y ago
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nivenkos 4y ago
It really depends where, outside the US pay is pretty terrible usually. In Europe for example, as a senior developer you get maybe $70-90k in FAANG and big companies, and $50-70k in smaller companies.
- mrweasel 4y ago
  It's a little hard to compare across countries in Europe, even within a small country. I'm in Denmark, but outside Copenhagen. $90.000 isn't a terrible salary and $100.000 is pretty doable for a senior developer, dev-ops or operation person. You can go a bit higher in Copenhagen. That's not for the FAANGs, that's for the companies that a desperately looking for employees. Other countries have much lower cost of living, so I don't see the issue with saleries being lower in those countries. Again very much depending on which country you're in, I'd say that $50.000 is a starting salary, perhaps on the low-end, for a developer fresh out of school.
danjac 4y ago
What's weird is that all of these CEOs are saying the same thing: "I hired too many folks a couple years ago, welp, guess I was wrong". You would think some companies hired too many, some hired too few, others more or less just stayed the same. Instead we're seeing this groupthink of these so-called geniuses of the industry moving this way and that like a flock of sheep.
- mvdwoord 4y ago
  It is almost as if the low interest rate stimulated frivolous spending by investors..
- juve1996 4y ago
  Those CEOs knew what they were doing and what they're doing isn't wrong. Our entire economy is built on short term gain and rewards that. CEOs are worried about their quarterly numbers and are doing layoffs to lessen the blow.
  - danjac 4y ago
    Sure, but then one questions the need of these extremely-well renumerated CEOs. If they are guided purely by quarterly numbers, stock market trends and industry groupthink, then why not save a fortune and replace them wholesale with an AI.
    - juve1996 4y ago
      Never said purely. In any case, it's a proxy. When they're presented an easy win, they're going to take it. Most of these cuts are happening in unprofitable business areas. Before with cheap cash and a strong economy, it made sense to keep these people on. The market valued investment. Now it no longer does - now profit matters, and that means cutting costs. There's not a single person on here who wouldn't be making these decisions right now. You don't call a person who decides to cut their grocery bill dumb and influenced by group think. It's time to save money, and the overall economy recognizes this.
      - danjac 4y ago
        > There's not a single person on here who wouldn't be making these decisions right now. What about Tim Cook?

deleted 4y ago

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nivenkos 4y ago

It really depends where, outside the US pay is pretty terrible usually. In Europe for example, as a senior developer you get maybe $70-90k in FAANG and big companies, and $50-70k in smaller companies.

mrweasel 4y ago
It's a little hard to compare across countries in Europe, even within a small country. I'm in Denmark, but outside Copenhagen. $90.000 isn't a terrible salary and $100.000 is pretty doable for a senior developer, dev-ops or operation person. You can go a bit higher in Copenhagen. That's not for the FAANGs, that's for the companies that a desperately looking for employees. Other countries have much lower cost of living, so I don't see the issue with saleries being lower in those countries. Again very much depending on which country you're in, I'd say that $50.000 is a starting salary, perhaps on the low-end, for a developer fresh out of school.

danjac 4y ago

What's weird is that all of these CEOs are saying the same thing: "I hired too many folks a couple years ago, welp, guess I was wrong". You would think some companies hired too many, some hired too few, others more or less just stayed the same. Instead we're seeing this groupthink of these so-called geniuses of the industry moving this way and that like a flock of sheep.

mvdwoord 4y ago
It is almost as if the low interest rate stimulated frivolous spending by investors..
juve1996 4y ago
Those CEOs knew what they were doing and what they're doing isn't wrong. Our entire economy is built on short term gain and rewards that. CEOs are worried about their quarterly numbers and are doing layoffs to lessen the blow.
- danjac 4y ago
  Sure, but then one questions the need of these extremely-well renumerated CEOs. If they are guided purely by quarterly numbers, stock market trends and industry groupthink, then why not save a fortune and replace them wholesale with an AI.
  - juve1996 4y ago
    Never said purely. In any case, it's a proxy. When they're presented an easy win, they're going to take it. Most of these cuts are happening in unprofitable business areas. Before with cheap cash and a strong economy, it made sense to keep these people on. The market valued investment. Now it no longer does - now profit matters, and that means cutting costs. There's not a single person on here who wouldn't be making these decisions right now. You don't call a person who decides to cut their grocery bill dumb and influenced by group think. It's time to save money, and the overall economy recognizes this.
    - danjac 4y ago
      > There's not a single person on here who wouldn't be making these decisions right now. What about Tim Cook?