Yea, the market is insanely competitive now
Senior used to earn 10k easily to now just mere 6k
Phew… that’s pretty sad
SG: End of Golden Era of Big Tech 😱ðŸ˜
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 Nov 17 2024, 03:26 AM
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Junior Member
35 posts Joined: Aug 2021 
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JeremyLord, nelson969, and 1 other liked this post
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Nov 17 2024, 05:18 PM
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#2
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Junior Member
35 posts Joined: Aug 2021
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QUOTE(zerorating @ Nov 17 2024, 04:03 AM) is this for singapore? not only for SG though, it's happening all over the world nowsometime i felt it is "too good to be true" that the company i work do salary revision few time without being asked, are they really desperate on talent retention? what if they felt i am too expensive to keep, they can just kick me out without second doubt at all.  APAC, EMEA, USA... the golden era has passed QUOTE(novblaze @ Nov 17 2024, 05:52 AM) Senior exec earns 6k sgd ok what. senior dev though, no more happy go lucky so syok like few years backMere meh? QUOTE(Mr.Robert @ Nov 17 2024, 07:48 AM) How come got deflation ? i guess the demand during pandemic was too much that time it was overinflated, every company wants to hire tech people, so they willing to spend like they have unlimited money but yea, at that time tech companies were doing extremely well, i was in a company from 2018 - 2022, before pandemic, they were only doing 80k-150k a month, then during 2021-2022, suddenly hit 300k-400k a month QUOTE(lordgamer3 @ Nov 17 2024, 08:12 AM) Yep the pioneers earned more had better quality life stronger purchasing power. Technically young gen paying of derivative debt of old gen through inflation and over supply of talent. yea, the new gen is pretty fucked right now. they have to compete with the older gen that is willing to lower their expectations. having to work 3-4 jobs is pretty normal these days.companies are happy now get to hire senior levels with junior pays QUOTE(ZerOne01 @ Nov 17 2024, 08:14 AM) it's time for you to read my sig today always brighten up my day! hahahahahaha |
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Nov 18 2024, 01:55 AM
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#3
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35 posts Joined: Aug 2021
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QUOTE(silverhawk @ Nov 17 2024, 05:55 PM) The demand during pandemic was because only certain companies benefitted greatly. So they looked to hire/poach talent from other companies. This in turn made other companies lose talent and have gaps to fill. Thus an artificial demand was created. true, good times won't last forever. eventually, things will normalise. I guess now things are starting to normalise. I guess I should be happy that I still get a WFH job. Can't complain already.Most of us in the industry knew this would be temporary and layoffs would happen shortly after. Overall though, the industry still pays very well. QUOTE(ipohps3 @ Nov 17 2024, 06:30 PM) agree with this observation, overall the tech companies are on cost saving mode. very prudent on how they spend now, no more pandemic driven splurge. indeed. Now all the great perks are gone. Used to get things like ESOP, work from anywhere, unlimited leaves, great insurance coverage, flexible allowance, etc and many morenow with Trump back to White House, not sure if it will create more uncertainties and how this will affect tech jobs. |
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