Dotcom bubble job market vs now

Amazon
ownsAk

Go to company page Amazon

ownsAk
Nov 18, 2021 12 Comments

This is a question to the people who were employed in the '99-2000s. Was the tech job market as hot then as what it is today where employers are apparently throwing 400k+ to SDE2 with 2-3YOE at Amazon, for example? I think these posts are fake news, but the market is seriously hot right now. Too hot. Should we be worried?

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  • Google
    motivated+

    Go to company page Google

    motivated+
    No one is throwing 425k at 2.5 YOE at Amazon. It was a troll post
    Nov 18, 2021 3
  • Intuit
    QWERTYSUCK

    Go to company page Intuit

    QWERTYSUCK
    The current market is a result of literally trillions of dollars being flooded into growth companies (mostly tech) and the subsequent inflation pushing salaries up. This is why you see crazy high salaries.

    Also, as a tech worker whose RSUs have almost 3xd, there’s no way I’m getting poached unless the new company hits me with a big offer. Companies know this so they have to offer more.
    Nov 18, 2021 1
    • Amazon
      ownsAk

      Go to company page Amazon

      ownsAk
      OP
      Never thought about it that way in terms of equity 3x+. Can use that as advantage to negotiate too hmm 🤔 well said my friend
      Nov 18, 2021
  • 400k house back then worth 2M+ now if you look at history on Redfin (bay area), so current TC is not too crazy.
    Nov 18, 2021 0
  • Wayfair / Eng
    BlueCouch

    Go to company page Wayfair Eng

     BlueCouch
    The time to worry is not when the market is hot. The time to worry is when the flaming hot market is built on a house of cards.
    Nov 18, 2021 0
  • The 99 bubble was different. Nobody gave RSU's yet, it was all stock options. So salaries weren't inflated, but hitting the right startup made you rich. Nobody wanted to work for the big tech companies because the stock options were worthless without stock growth and the big tech stocks were not growing much. It was all about trying to join a hot dotcom startup.
    Nov 19, 2021 0