Comment by lazide

Comment by lazide 3 days ago

0 replies

Remote work means ‘outsourcing’ for a FAANG includes Ohio (prev. Sunnyvale), not just India.

And if you think this isn’t having an effect on offered labor rates, available positions in certain countries, etc. then you’re not paying attention to the current market.

There are massive shifts to offshore work at most FAANGs actively going on right now. But it takes time.

Are there attempts to crack down/extract extra taxes? Yeah. But most are ineffective and/or don’t meaningfully change the economics. There is a lot of fat that can be trimmed/extracted from the super high peak of Silicon Valley comp (for one example).

A lot of folks in the US are just waiting to see what happens before they move, or are stuck with high mortgages.