Ask HN: Getting back to the hiring scene post-hiatus (& all the tech layoffs)?

Re:Ask HN: Getting back to the hiring scene post-hiatus (& a... by nvarsj on Tuesday November 15, 2022 @05:20PM (#33615907)

I think the main change happening now is tech salaries are going to be coming down. There is intense pressure from investors on big tech to lower expenses - and a lot of that is what investors think are overpaid engineers. Rate of operating expenses has increased far faster than revenues.

So, hiring is frozen, layoffs will be happening and PIP quotas are increasing (e.g. GRAD at Google). Top end demand is shrinking and that will push compensation down industry wide.

I think you are fine as long as your expectations are tempered. There are still plenty of places hiring without big tech salaries.

[ Parent | on HN ]

Re:Ask HN: Getting back to the hiring scene post-hiatus (& a... by b20000 on Wednesday November 16, 2022 @12:26PM (#33626881)

so is the cost of living in california coming down then?

[ Parent | on HN ]

Re:Ask HN: Getting back to the hiring scene post-hiatus (& a... by nvarsj on Wednesday November 16, 2022 @01:19PM (#33627880)

Good question... I think there will be less demand for the high house prices/rent. But there are a lot of other factors, like high inflation.

[ Parent | on HN ]

Re:Ask HN: Getting back to the hiring scene post-hiatus (& a... by b20000 on Thursday November 17, 2022 @11:41PM (#33650422)

Realtors control the pricing, and will continue to drive the prices up. The state profits via excessive property taxes, so they are in the same camp as the realtors.

The compensation in FAANG is what is required to have a normal and comfortable lifestyle in California. So no, it is not "ludicrous" as some people are claiming.

[ Parent | on HN ]