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 SG: End of Golden Era of Big Tech 😱😭

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silverhawk
post Nov 17 2024, 05:55 PM

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Joined: Jan 2003


QUOTE(God Grid @ Nov 17 2024, 05:18 PM)
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
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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.

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.

 

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