Reply to Has this board missed the huge contraction in tech?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]People are constantly pushing CS and other majors for “Big Tech” jobs. Meanwhile FAANG companies have done massive layoffs and the truth of fake jobs warehousing talent has come to light. Salaries are tanking because demand has plummeted. But the parents on here are still so focused on these employers! [/quote]

The belt-tightening by a few companies has had little or no impact on the industry. Issues with META and Twitter were largely caused by mismanagement and aren't a symptom of anything. For anyone with talent, there's no lack of demand.  Salaries have also increased so much these past few years that this blip isn't all that noticeable. At least from my view as someone who has worked at more than one of those companies over the past 35 years, I don't really see the problem.[/quote]

Twitter and Meta have shed an absolutely massive number of highly qualified employees. I don’t understand how you can say this huge increase in supply isn’t harming demand. And prices. [/quote]

Because the overall industry employs millions of people...so 30,000 employees from two companies is a blip in the scheme of things.  Remember, every large company has IT/Tech groups, so it's not just "Tech" companies that hire tech employees.[/quote]

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