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I think this is just unwinding from overhiring during the pandemic. - 2021: 156,500
by asdajksah2123 3y ago
I think this is just unwinding from overhiring during the pandemic.
- 2021: 156,500
- shermantanktop 3y ago2021: Yay! Crazy hiring! 2023: What?!?! Laying off a fraction of recent hires? The world is ending!! Obviously this sucks for the laid-off, but…you don’t need a very long memory to put this in perspective.
- QuercusMax 3y agoMore than a fraction of recent hires. I had long-tenured teammates (10+ years) who were let go, for no particular reason.
- shermantanktop 3y agoSure, it’s not LIFO, and this churn can be a nasty way to get rid of the expensive oldsters. But as a percentage, the bigger companies are generally still well above 2020 staffing levels.
- oh_sigh 3y agoI bet either their comp was very high due to their tenure relative to their output, or they spent too much time at the same level and weren't showing upward trajectory. I know that you only need to be an L4 officially to get past the up or out stage, but that doesn't mean that they won't find people to lay off who have been an L5 for 12 years
- shermantanktop 3y agoTop grading is the MBAs dream. Replace someone who doesn’t stand out and get someone who on average will be average, so presumably better than the 10y vet you just exited. Don’t worry about what they know, because coders are monkeys. Yes, some tenured people suck. But it’s their salary that drives this behavior.
- deleted 3y ago[deleted]
- mupuff1234 3y agoIt's was more like 2021: this is clearly a bubble 2023: execs do "shocked Pikachu", "we have hired for a different economical environment!"
- shermantanktop 3y agoAgree. But will many execs pay for that groupthink mistake? Nope, somebody else gets to pay…