Planned CS Major - Despite the Tech Layoffs

[Anonymous]

Anonymous wrote:

Anonymous wrote:Everything is cyclical

+1 and what others are saying -- there are still tons of IT jobs available though they aren't all FAANG types with $$$ salaries.

I will say that it doesn't make sense to go into debt to get a CS degree from Stanford or MIT anymore because we have now gone through two downturns in 20 years in the tech industry. I'd be wary of going to serious debt like that and trying to live in a hcol just to work in the tech field.

I worked in SV for 20 years and went through the dotcom bomb.

The vast majority are either full pay or on substantial financial aid. Less than 20% of Stanford grads incur debt, and the median amount for those who do is less than 15k.

[Anonymous]

Anonymous wrote:A lot of those companies overhired in the advertising boom during covid WFH boom. A lot has slowed down so the glut has been laid off. I haven't seen any actually hood SW people laid off. Because citizens and good developers, architects are not getting laid off. We are hiring. Fresh out of school or with experience. But its not $200k a year and its in person and you need to be a citizen.

How much does your company start CS graduates?
What are some of the jobs CS new graduates do?

[Anonymous]

Anonymous wrote:

Anonymous wrote:A lot of those companies overhired in the advertising boom during covid WFH boom. A lot has slowed down so the glut has been laid off. I haven't seen any actually hood SW people laid off. Because citizens and good developers, architects are not getting laid off. We are hiring. Fresh out of school or with experience. But its not $200k a year and its in person and you need to be a citizen.

Nobody is going to work 5 days a week in-person in 2023. You won’t be able to fill positions, sorry.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There's been a ton of news lately on sizable layoffs by the major tech companies. However, there are numerous threads and discussion on intended CS majors.

Why is the CS Major still so popular despite the "doomsday" news headlines?

Is the prevailing theme that this tech layoff news is a bubble that won't have adverse long term impacts for employment?

Thoughts please.

It’s still a good field. The big tech companies over expanded, this is just a correction. My company is still having problems hiring good people.

Because you want to underpay

[Anonymous]

Anonymous wrote:

Anonymous wrote:A lot of those companies overhired in the advertising boom during covid WFH boom. A lot has slowed down so the glut has been laid off. I haven't seen any actually hood SW people laid off. Because citizens and good developers, architects are not getting laid off. We are hiring. Fresh out of school or with experience. But its not $200k a year and its in person and you need to be a citizen.

How much does your company start CS graduates?
What are some of the jobs CS new graduates do?

CS graduates can work for any company that needs a website which is basically everywhere nowadays. Salaries are all over the place.

Jobs in our family have been at startups, small businesses with high gross profits, and places like Target, Enterprise, The North Face (VF Corp), Amazon, Google., Hanes, Cap One, Bank of America, and Chase.

Starting Salaries out of school are about $70,000 undergrad and $90,000 for grad students.

CS is what a person makes of it. Find your passion then find your job. One of mine works for a fashion company as a CTO. Her love of fashion plus her love of math, win win.

[Anonymous]

NP here. My (tech) company has been hiring outside of the US because there are good engineers and they are cheaper. We have lots of folks from Brazil and Eastern Europe.

I think there will be jobs in CS but the salaries may cool off.

[Anonymous]

The layoffs have happened in recruiting, scrum master, product management, program management and security. Development is still strong.

[Anonymous]

Anonymous wrote:A lot of those companies overhired in the advertising boom during covid WFH boom. A lot has slowed down so the glut has been laid off. I haven't seen any actually hood SW people laid off. Because citizens and good developers, architects are not getting laid off. We are hiring. Fresh out of school or with experience. But its not $200k a year and its in person and you need to be a citizen.

+1. Don't listen to Elon's advice from a year ago of 'You don't need a college degree for CS jobs'. CS jobs will only go up from here. Now that the excess has been purged (or will be done by end of year), this is the best time. Employee-pay equilibrium will be established over the next couple of years and only go up from there much like it did in the last cycle. Best time to get into college now for CS.

[Anonymous]

Still a smart area to get into. I strongly suggest developing non-CS skills as a college student too since they are key to moving up the ladder later on. Take some Econ/Business and English/Political Science/Sociology.

[Anonymous]

Anonymous wrote:The layoffs have happened in recruiting, scrum master, product management, program management and security. Development is still strong.

Unfortunately, Amazon and Google have laid off software engineers, engineering managers, product managers, and technical program managers (all of which would typically have a CS or computer engineering-related degree). It is still strong but the CS-related roles have clearly been affected in big tech too. There is also awesome non-US talent in the engineering fields that more and more companies have discovered, which is good for innovation overall but isn't necessarily amazing for US new grads looking for the highest paying engineering jobs.

[Anonymous]

I'm a GenXer who has lived through 2 boom/bust tech cycles. They both sucked, but they both went away and the jobs came back again.

[Anonymous]

Anonymous wrote:There's been a ton of news lately on sizable layoffs by the major tech companies. However, there are numerous threads and discussion on intended CS majors.

Why is the CS Major still so popular despite the "doomsday" news headlines?

Is the prevailing theme that this tech layoff news is a bubble that won't have adverse long term impacts for employment?

Thoughts please.

I think it depends on whether the goal is to get the highest possibly paying job or whether to pursue a passion that also happens to provide the opportunity to earn a living.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The layoffs have happened in recruiting, scrum master, product management, program management and security. Development is still strong.

Unfortunately, Amazon and Google have laid off software engineers, engineering managers, product managers, and technical program managers (all of which would typically have a CS or computer engineering-related degree). It is still strong but the CS-related roles have clearly been affected in big tech too. There is also awesome non-US talent in the engineering fields that more and more companies have discovered, which is good for innovation overall but isn't necessarily amazing for US new grads looking for the highest paying engineering jobs.

What other BS degree pays as much as CS ?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The layoffs have happened in recruiting, scrum master, product management, program management and security. Development is still strong.

Unfortunately, Amazon and Google have laid off software engineers, engineering managers, product managers, and technical program managers (all of which would typically have a CS or computer engineering-related degree). It is still strong but the CS-related roles have clearly been affected in big tech too. There is also awesome non-US talent in the engineering fields that more and more companies have discovered, which is good for innovation overall but isn't necessarily amazing for US new grads looking for the highest paying engineering jobs.

What other BS degree pays as much as CS ?

On the everage, none but,
Finance from good schools are not bad

[Anonymous]

Anonymous wrote:

Anonymous wrote:The layoffs have happened in recruiting, scrum master, product management, program management and security. Development is still strong.

Unfortunately, Amazon and Google have laid off software engineers, engineering managers, product managers, and technical program managers (all of which would typically have a CS or computer engineering-related degree). It is still strong but the CS-related roles have clearly been affected in big tech too. There is also awesome non-US talent in the engineering fields that more and more companies have discovered, which is good for innovation overall but isn't necessarily amazing for US new grads looking for the highest paying engineering jobs.

Yes, these and other tech companies have robust operations in India and elsewhere. Every resume I have received from HR are from those who went to school outside this country. Mgmt is always pushing for offshore resources whenever they can.

US companies are hiring offshore for their IT when they can. Can't find US talent? No, offshore is still much cheaper.