In this market employers have all the power. Nearly all the highest paying tech companies have had either layoffs or hiring freezes: Snap Twitter Coinbase Lyft Google Amazon Meta Netflix And many more. This means 300k+tc offers are likely about to end. It only got that high because of the fierce competition for workers in tech. Now that's gone so employers are going to re-evaluate what they are offering. TC: 250k
If I had a dollar each time I saw a post like this on Blind I wouldn’t need to be on this app anymore.
Before it was baseless speculation. Now the market has completely shifted.
Just like bloated tech salaries went away after 2008 right. You kids are too young to know what the f you're talking about.
It’s all demand and supply
Exactly. Only reason our TCs got so high.
And Bloomberg, demand will outstrip supply again in a year or two.
Google sde get way higher than 250k
They are on a hiring freeze last I heard and are introducing a more aggressive pip policy.
Not frozen any more…
Time to fire contractors
Holy shit . This is what happens when people have never been through a recession in their adult life. News flash. Unemployment is at 3.5% . These companies were bloated and hired more than what’s required . Now that easy money is gone , they are trimming the fat. That’s it
So you think they will keep the salaries as high as they are now when they start rehiring again next year or 2024? Genuinly wondering as a noob 3 YOE SWE
Yes Amazon. It's demand and supply. We'll eventually get back to the spot where it's difficult to hire people again. That's when salaries go up.
Netflix still paying heavy. Just hiring less. That'll be the way. Senior and top talent always win out.
The less hiring is a huge problem. What's going to happen when 100 "top" Senior Swes are competing for 5 jobs?
Shitty people get fired when two good candidates are willing to accept offers?
Naah, it'll bounce back in a year or two
Bloomberg TC holders desperately trying to self-soothe
I hate what is happening. It's going to affect everyone's tc moving forward including bb employees. No company has an incentive to pay great now. They did it so people wouldn't leave. Where are they going to leave to now?
shitty people know they are getting overpaid and are always paranoid about their high TC, while people like me are paranoid because how they are not paying us enough. I am getting underpaid. TC: 360k
You know what, when high payer lowball, the lowballer may go even lower… so I wish everyone gets high TC.
Exactly what's going to happen
The reckoning is upon us