I’m seeing a bunch of wanna be unicorns shed their horns along with ~20% of their workforce. The thing is they’re mostly axing talented engineers who are paid toward the top of the total industry - if you wanna pay FAANG salaries, you need FAA[rip Netflix]G market caps. What about the consultantancies? I’m talking about everything from WITCH to the Accenture/ Deloitte/ Slalom/ Endava/ pick your position. The places where you can join as a junior with a “can do” attitude and no experience. The places where “super senior” means you get ~150k tc. Are the big names (Robin Hood, Klarna, Better) laying off highly paid engineers and then bringing in scabs who haven’t wasted 500 hours of their lives solving lc so they can crush interviews and get higher tc? Or are they about to experience layoffs as well?
Working Parents
18h
1294
Closed now - thank you all
Software Engineering Career
Yesterday
1590
Offers after multiple months of prep
India
Yesterday
1190
Modi is a legend, will be remembered for centuries to come
Cars
Yesterday
868
Do you really feel special in your Tesla?
Tech Industry
7h
864
Women, help me understand why this is inspirational
Based on past experience, expect both. If there are layoffs, companies shed contractors at first, then bring some in to backfill during a hiring freeze. Sh*t still has to get done. If projects or initiatives are cut, the assigned consultants get put on furlough at their firm until/if something else is found for them. My husband was on a 9-month furlough during covid, worked somewhere else for six months, then his original recruiter placed him back where he started.
Which firm did your husband work for?