Re:Flexport is laying off 20% of its workforce
by ZephyrBlu on Friday October 13, 2023 @05:52AM
(#37868767)
Tech companies are structurally different to the plumbing/building business, you can't make this comparison.
Plumbing and building have static value. They will always do the same thing. The value of code is highly dependent on the context. SWEs are highly paid because they can create systems which can be reused and built upon over time.
Hiring an engineer to build a system doesn't make sense when it handles $0 in GMV, but makes a lot of sense when it handles millions in GMV. Tech companies are asymmetric bets.
Plumbing and building have static value. They will always do the same thing. The value of code is highly dependent on the context. SWEs are highly paid because they can create systems which can be reused and built upon over time.
Hiring an engineer to build a system doesn't make sense when it handles $0 in GMV, but makes a lot of sense when it handles millions in GMV. Tech companies are asymmetric bets.