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Anyone else in tech experiencing the lowest morale in a decade?
by mensetmanusman 3y ago
Anyone else in tech experiencing the lowest morale in a decade?
- hgsgm 3y agoCoincidentally, lowest pay in a decade, on an experience-adjusted basis.
- latency-guy2 3y agoI find that hard to believe, tech workers just got their biggest pay bump in the last 2-3 years across all levels. If you can make the case for this bump being eliminated by inflation, maybe I'd believe you - you must show evidence of this. Otherwise, no, you're wrong. Definitively, you are absolutely wrong by the qualifier of experience based compensation.
- vaidhy 3y agoNot at Amazon. Your cash pay was (is) capped at 160K in Seattle and you earned all the remaining in stock. Given that there has been little to no hiring the last 9 months and most people got their initial grant when the stock was at ATH, they are all looking at substantial pay cuts of 30% - 50%.
- pjmlp 3y agoSurely not around most European countries. Not that I would exchange all the remaining benefits for money though.
- nly 3y agoNot at my firm of 1000+ engineers. Base salaries were frozen in 2023 despite huge profits.
- ImPostingOnHN 3y agowhy just 2-3 years, let's evaluate decades, obviously COVID skewed the past 2-3 years as well, you should be working with inflation adjusted dollars already to make your point
- darthrupert 3y agoHow low is it? 60-70k is normalish where I live. It's a hughly developed country with a relatively low Gini, so that might be the reason.
- strikelaserclaw 3y agothe last 10 years were funded by cheap money and some people in SV and other cities made a lot of money.
- the_only_law 3y agoCan’t wait to never have to interact with one of these tech fucks again.
- ChatGTP 3y agoYes, I am also embarrassed to say I work in “tech” lately. It’s just not what it used to be, the new wave of job taking threats and AI harm news, social media privacy and targeting, misinformation is really killing it for me personally. It’s not that I’m not optimistic about the future, but everything just seems to greed fuelled I hate it. I saw Google was training a LLM to be able to match and potentially replace Wendy’s assistants…why do that?
- jossclimb 3y agoTech has undergone a seismic shift over just the past few years while we creaked under covid, accelerating at a quicker pace everyday. Yet our political systems are legacy, defunct and dysfunctional and chronically underprepared to handle the change that is occurring. I look at my own country (UK), and we still have an antiquated political system, full of grandiose pompous ceremony and old boys clubs, like its still 1806. We elect people like Jacob Rees Mogg to lead us, someone stuck in the 18th century about as out of touch with modern life you can get. There are no grand minds in the one area where we badly need them most.
- nly 3y agoAh the UK... A country whose capital is loaded with firms figuring out how to make money trading inside a 100ns window, while everyday people struggle for months to transfer ISA assets from one account to another because the banks involved still use snail mail and cheques behind the scenes.
- gumballindie 3y ago> It’s just not what it used to be, the new wave of job taking threats and AI harm news That’s what happens when crypto bros turn ai experts over night. Their marketing strategy revolves around fud. Sam Altman at some point that tech has created huge income disparity and that needs to change. What he meant to say is that tech workers should earn less, not that others should earn more. And this philosophy reflects in openai’s toxic campaign. Now, ai is excellent tech and will stick around but there’s no reason openai should. That company should be replaced, or freed, by open source competing products asap.
- gmt2027 3y agoI'm really struggling. All of the industry is now driven by greed. The transition to agile micromanagement happened when we became a means to an end - making money. Whatever happened to building cool things and making enough money while doing it to stay in business?
- chii 3y ago> Whatever happened to building cool things and making enough money while doing it to stay in business? if you're the founder, you can continue this. Unfortunately, it's highly likely that you'd be outcompeted if your domain is not moated with a tech that others cannot replicate by throwing cash. One type of domain that _is_ moated, is game development - because you can't throw cash in and get creativity out. unfortunately, game industry is one where you make no money (unless you hit a lottery winner).