Nobody significant to the health of tech industry has done layoffs. I think all that’s happening is we returning to more balanced hiring conditioners where employers won’t be jacking up wages 20-30% a year. Amazon wages skyrocketed this year and you could tell such a hot market was not sustainable.
Agree. Even in tech the good companies are full steam ahead. Only the shitty overvalued ones, or those whose business models have failed, are doing freezes and layoffs.
Tbh a lot of high offers are heavy on stock. So you could actually get the same amount of shares now but your offer would be lower. Which gives the illusion that wages are reverting back when in reality they could be staying the same. Just food for thought
Gdp tanked in q1 and will likely do in q2. Yes, currently startups and Co did layoffs but the economy is connected. Some of these startups could be aws users. Once growth slows or stops, Wall Street might get pissy and force layoffs to profitable corporations too
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hot markets are sustainable. Once prices go up. They dont really come down. Just becomes reality. And salaries are still hot. What you talking about?
Wage growth rates at 2021 levels are not sustainable. I’m not claiming salaries will drop.
“Growth” isn’t sustainable. Kind of like when you go 0-60 in 5 seconds. That acceleration isn’t sustainable. The speed you have achieved is sustainable. 😀