Tech talent is still in demand but outsized salaries may be disappearing

Re:Tech talent is still in demand but outsized salaries may ... by kilroy123 on Sunday June 19, 2022 @03:20PM (#31802485)

I am getting very worried. The startup I work at just cut 25% of the staff. Plus ramping up outsourcing to a far cheaper European country.

The writing is definitely on the wall.

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Re:Tech talent is still in demand but outsized salaries may ... by klipt on Sunday June 19, 2022 @04:17PM (#31803026)

Remote work seems like it would naturally lead to outsourcing. Why pay Bay Area salaries to people in low cost areas who are willing to work for much less?

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Re:Tech talent is still in demand but outsized salaries may ... by mmarq on Sunday June 19, 2022 @04:56PM (#31803422)

It’s not just low cost areas, with half a Bay Area salary you can hire top talent in London, where a very good principal/senior makes 120-130K.

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Re:Tech talent is still in demand but outsized salaries may ... by TrackerFF on Monday June 20, 2022 @04:36AM (#31807786)

Yes, this.

If you check out forums like blind - you will find pretty much FRESH GRADUATES considering turning down $250k offers, because they're sure they can get closer to $300k, if they just grind a bit more leetcode and get more competing offers.

We're talking about people with practically 0-1 years of experience. Sure, they probably have degrees from prestigious schools, and lots of potential - but so are the devs. you'll find in other places.

For that kind of money, you can get the cream of the crop in Europe - and someone with probably close to a decade of relevant high impact / high performance experience.

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