It’s kind of interesting, when you have layoffs you now have a bunch of talented engineers who create startups (that wouldn’t have been created if they still had a job), which creates an even bigger need for software engineers. In short, layoffs are good for the software engineer economy
Exactly, this is what always happens every time there is a recession or bubble. Happened back in the early 2000s with the dot com bubble, and the same is happening now.
Thank you so much! Even if it seems a little controversial in this time and age, I'm glad to have seen another positive and optimistic view instead of another potential Skynet scenerio.
As some working in big tech I find such videos really misleading. Does it even make sense to show L7/L8 salary numbers. Do you know how many people can get there. Or to 409-500k. This video should have been released in 2020
1) Regarding your point on L7/L8 salaries - I’d say of people who end up in big tech, about 5% of them make it there (as about 5% of the engineering in the company is L7+). The point of mentioning it in the video is to highlight the upper-bound of money you can make. Becoming a neurosurgeon is the top 1% of doctors, yet people quote their compensation as a dream goal - the same goes here. 2) Supply of all engineers exceeds demand, but supply of talented engineers is far less than demand. Many engineers have no experience building any real project outside of theoretical CS classes and expect a job. That’s why I make content to promote the actual skills needed to both land and excel in a job. There’s a reason companies still offer top pay for good engineers - they’re hard to come by. 3) I have worked at several big tech companies, as have many of my friends. There are outliers, but the majority of people clock in at 9 and leave at 5.
@@Codebagel What exactly do you mean by "talented engineers" in point number 2. What exactly are these companies looking for in terms of "talent" and what do you believe is the best way to signal "talent" to those companies?
