Developers are fantastically overpaid at these companies. Entry-level software dev makes over $200K at most of them, while that would be a senior or principal position in virtually any other field of engineering, or development in some older software company (reminder that commercial software's been around since the 60s, tons of boring software jobs that pay less than half what a midwit code monkey at AMZN gets). If you actually lead a team, we're talking lead dev on some gay shit like a Roku app, that's $500K+. $900K at some companies. The problem is not just the DEI hires, it's that they've been paying unsustainable blowout salaries because their profit margins have historically been insane.
Yep, the era of $50k signing bonuses, $200k or more for entry level or basic mid-level roles, and 50% or more bonuses IS OVER.
They'll be getting single digit % pay increases and a LOT less perks.
Profit margins are dropping and money is getting more expensive.
I can only speak for myself (Fintech industry) but it appears to be mostly massive purges of overseas (Poojeet) contractors and non technical roles, project managers, client relations ect.
Agreed, sales and support staff and money losing teams/divisions are getting cut.
I know a whole bunch of people in the bay area and seattle that were laid off from google early last year that are still unemployed.
Many of these are very experienced swe with >10 years of experience.
X, the special projects group at google, had some layoffs last week but everyone that remained were basically told "find a market fit for the project or else". So more layoffs coming there. I expect all ox X development labs to be shuttered quite soon.
It is so fucking bad that people that had borderline TDS spontaneously tell me they will vote for Trump. No question, no hesitation, they will 100% vote for trump.
That is how bad it is. People that were reeeeing about lgbt deathcamps and not my president are now openly saying they will vote for him.
Brace position: Bidenomics seems to hit the tech sector full force this year.
Wow Google is going to be cutting HARD. The X layoffs showed the entire tech world that most of their company staff was ...Useless FAT. Elon laid off something like 60% of the company without real issues.
Since inflation is still above the ~2% target, the Fed most likely won't be dropping rates until the late summer if at all this year. It's currently ~3.6% and not really showing signs of dropping fast.
Money, real estate, and employees are all getting more expensive at the same time.
The era of cheap/free money is ending and it's doubtful we'll see sub 2% interest rates again for a long time.
Yeah this sounds like a good idea but actually isn't.
You won't wanna do it anymore after the first time some hoarder brings in their cockroach-infested car they drove over multiple curbs, demanding loudly that you fix it "under warranty" and also insisting you give them a rental so they can take their brother to the airport in another state, and if you don't they're gonna spend the weekend spamming you with 1 star google reviews from sockpuppet accounts.
That day you vet customers before they arrive with screening calls and online forms and DO NOT advertise as budget ANYTHING.
One issue the google fucks will have is that they got salaries that are comparable to directors in other companies and dont have any idea how to deliver work without all of the massive infrastructure and not worrying about costs. They also arent able to deliver on actual leadership positions.
The low middle level google person making 200k isnt gonna find a 200k role at some place that they would be a fit for. Target might hire software devs to handle supply chain or checkout stuff but they wont offer salaries that the google person would take.
Correct. They don't know what it's like to work for a place without unlimited resources.
You're average googler getting canned is going to have to deal with a solid 15-45% pay cut.
California wages. They don't pay that much elsewhere. In Shitcago , a 300k job in tech is very high up there
Correct, outside of the West Coast and certain spots on the east coast, your entry level software dev or similar role is starting at.... Hmm about $70-90k.
A mid-level to senior role is $125-$180k (high end is for bigger places or superstars)
Directors/Managers will max out at $200-$250k MAYBE pushing $300k of they're literally irreplaceable.
Beyond that is C-suite only or a VP is a big company.
