Comment by tayo42

Comment by tayo42 11 hours ago

12 replies

The job market is terrible, pay is stagnate and remote work is being taken away and the biggest companies despite profits are laying off large amounts of people. I don't think that's fud

parineum 11 hours ago

> the biggest companies despite profits are laying off large amounts of people.

Hi is the need for employees related to profit?

  • tayo42 11 hours ago

    The decision to layoff has side effects beyond net income on a balance sheet.

    • parineum 10 hours ago

      What's your point? If there's no work for 10k people to do, should companies just continue employing them to do... nothing?

      • jeffbee 10 hours ago

        One of SV's strengths is cutting your highly qualified and experienced staff loose to go do something else.

      • tayo42 10 hours ago

        That's never how layoffs are done. If you survive them your workload just increases and the employees picked are based on nothing or something arbitrary.

        Then your company has a reputation for being unreliable for stable employment and people that can pick where they want to go will go else where. It also kills morale and remaining high performers will go somewhere else. Now the company laying off is stuck with low performers that don't have other options.

        • parineum 4 hours ago

          Sounds like a recipe for bankruptcy. How many of these companies doing mass layoffs are going to go out of business?

jeffbee 11 hours ago

I don't see how you can hold that this job market is "terrible" in a frame of reference of the last 50 years, unless you were born fully-grown in a vat exactly 4 years ago.

  • tayo42 11 hours ago

    Have you looked for a software job in the last few years?

    It's worse then 10 years ago. Idk why everyone who comments on the job market only looks back to the covid year

    • jeffbee 10 hours ago

      No, and no individual person can rely on their personal experience to gauge the job market, including you. However if you wish to assert that it is currently more difficult to get a job as a software developer than it was in late 2015, aggregate data suggest this is false. Also, looking back a mere 10 years does not dispel the general impression that you lack context.

      If you look at employment in, for example, NAICS 518 "Computing infrastructure providers, data processing, web hosting, and related services" which is one of the larger BLS categories for our industry, the numbers are at all-time highs, having doubled since 2011. An example of a bad job market for software developers was 2001-2011, when this sector shrank by a third.

      • tayo42 10 hours ago

        Which numbers are at all time highs.

        Is that really representative of what people mean by tech? Or does that include companies that happen to make software?