2 ms·
I don’t think the FAANGs laying off 2-4 years of hiring changes that much in the industry. Seattle seems hard hit because the region has 2 companies in this cat
by thephyber 4y ago
I don’t think the FAANGs laying off 2-4 years of hiring changes that much in the industry. Seattle seems hard hit because the region has 2 companies in this category, but the industry is becoming a little more regionally diverse and many tech hubs are still hiring in large numbers.
> In other words, for a whole generation of elite knowledge workers, FAANG provided the ultimate career exit strategy. If your startup failed or you didn’t like academia or you were just looking for a second act in life and were decently good with numbers, Big Tech was there waiting for you with an offer that would land you a nice house in a fancy coastal city, a bunch of brilliant and friendly co-workers, and a comfortable retirement.
I don’t see this as a bad thing. I am hopeful of the “creative destruction” caused by the largest tech companies letting go of some tech talent so the smaller, more innovative, more nimble companies can benefit when they couldn’t previously compete with FAANG total compensation.