Re:Meta Is Preparing to Notify Employees of Large-Scale Layo...
by EMM_386 on Sunday November 06, 2022 @08:47PM
(#33500018)
> Wondering how the displaced engineers will impact the rest of the job market
That dream of making local (San Francisco) pay while living wherever you want will quickly evaporate.
I survived as a software engineer through the dot-com crash. This isn't even a crash, this is just seems like a minor correction to "normal" for most of these companies with head-counts through the roof.
But SV salaries were abnormal, and that should be taken into account. There are a lot of us, doing a lot of the same stuff, for a lot less pay out there.
Why? For all sorts of various reasons. And this is now rapidly taking into account the entire globe.
That dream of making local (San Francisco) pay while living wherever you want will quickly evaporate.
I survived as a software engineer through the dot-com crash. This isn't even a crash, this is just seems like a minor correction to "normal" for most of these companies with head-counts through the roof.
But SV salaries were abnormal, and that should be taken into account. There are a lot of us, doing a lot of the same stuff, for a lot less pay out there.
Why? For all sorts of various reasons. And this is now rapidly taking into account the entire globe.