7 ms·
Where did all of these people even come from in the first place? Did the industry just have 50-100k at-least-somewhat-qualified people sloshing around doing not
by brainfog 3y ago
Where did all of these people even come from in the first place? Did the industry just have 50-100k at-least-somewhat-qualified people sloshing around doing nothing before they got picked up by FAANG?
- k8si 3y agoCompanies have been hand-wringing about the tech labor shortage for the last 10 years. People went to school and got degrees in a job sector they thought would be pretty safe. Supply/demand.
- deleted 3y ago[deleted]
- onlyrealcuzzo 3y agoSo far, probably 80% of these roles have been non-engineering (wrt to all tech layoffs, not Amazon specifically). So these were probably just non-engineering people from other parts of the economy.
- whiplash451 3y agoDo you have hard data to back the 80%?
- sillypuddy 3y agoAttrition plays a role too, if you hire expecting 20% attrition and attrition comes in at 5% you have more employees than you budgeted.
- MaintenanceMode 3y agoJust one data point, but I recently talked to a guy that bounces between being a mortgage broker and a tech worker. When the housing business is booming he switches to mortgage work, then when that slows down he jumps back into technology. I think he said he was in some kind of pre-sales role in tech. Now that they're both slow at the same time, I'm not sure what he's planning.
- closeparen 3y agoSilicon Valley cloud and SaaS applications have been devouring an entire ecosystem of in-house and on-prem IT, small line-of-business software vendors, etc.