For folks holding out hope on job market to recover, it is not going to. All companies have realized the benefit of having overseas work done through zoom calls. Anuone can ramp up on any tech stack due to vast amounts of YouTube , Coursera videos , GitHub , Reddit help. If you were the ceo, you will have a smaller research team in USA and all other mundane things done remotely. The AI revolution is so rapid that program managers who used to write notes for meetings are now replaced by ai agent. Seeing more and more jobs for senior roles being listed at $120k which will now be the new norm. Please cling on to your high paying dear job if you still have any. If you have lost the job, don’t hold on to past laurels. So many teaching jobs are available and please consider these alternate fields which yiy give a sense of satisfaction. Update1 :For folks hoping for a similar recovery post 2001, 2008 recession this won’t. Those times there was a sharp recession that everyone felt , lost iobs, lost houses. This time is more nuanced. No recession, not much unemployment either. But more focussed on high wages of tech workers. So more naturally function forcing you to earn a lower wage. Also the tech to offshore (connectivity technologies both like zoom calls and self learning opportunities) are much more abundant in 2024 than 2 decades back.
So have you started applying jobs in construction or hospitality? You can always quit and apply there just to be ahead in the game.
Even if what OP wrote is total BS we should all have a vested interest in getting people to quit the field. We have too much supply right now and you have people on unemployment waiting until the market warms up. Those people are suppressing the wages as desperation seeks in. Right now we NEED to be telling high school students not to choose CS as a college major. After the dotcom bust enrollments dropped but we haven't seen that happen yet. Supply need to correct there too.
Capital One, be our guest and lead the herd. Please quit your job.
It’s a huge reset. Maybe it’s a good thing. For a long time, instead of people trying to start their own business or working at startups, it made so much more sense to just work at big tech as they provided much better comps and wlb. Now, working at big tech is not as good so people will start to form more start ups. I feel like we haven’t heard of any new up and coming companies that’s promising in a while. Maybe that will start to change.
Very hard to get VC funding right now. I see more small businesses starting up that are profitable from the beginning
If joining big tech become less and less appealing, people may prefer to take on more risks to join startups and form their own businesses. But we aren’t there yet. Big tech is still attractive still. But May change in few years and by then, interest rates may be different than now
How did you send this message from 2001?
There was no Chat GPT, youtube or reddit in 2001 Everyone and their grandma can write decent code now and even if it's rubbish they can refactor thanks to AI tools 100k will be a high salary
Can we send messages back to 2001? Buy a home and a lot of NVIDIA stock.
This is true to some extent. I think the real R&D jobs will stay in the US with high TC but the run of the mill grunt work will move overseas. It is different this time due to the mandatory wfh during Covid when companies realized work could get done remotely. Plus AI is making people’s jobs easier or redundant or both.
They cant overseas the work because if its RND, they cant write those expenses off for 15 years. However, they can move the entire company overseas of which youd be right.
AWS and all big tech hire in countries like Mexico, Colombia, Brazil, and Argentina. Zillow is only hiring SWEs in Mexico City with the exception of ML stateside If they’re profitable they don’t need to “write off” anything because they’re just payroll expenses https://www.teamblind.com/post/Zillow-has-decided-stop-hiring-SWE-from-the-US-FQdE70Vk
I love my blind prophets in the morning
Ok Lambodar , time for your medicines 🥸
So Program Managers days are numbered? At Google?
Ok