Anonymous
Post 04/28/2023 10:20     Subject: Re:Has this board missed the huge contraction in tech?
Anonymous wrote:I don't know why people are obsessed with these companies...FAANG now is like IBM in the 1980s...they are now large companies where an entry level employee is a cog in a vast machinery and your job is fairly boring and inconsequential. I think folks think of them as the dynamic companies of the late 90s/early 2000s where you joined, had lots of responsibility, your stock grant was meaningful and could become something valuable. Those days are long gone.

As they say...there is always a bull market somewhere. AI companies of all stripes are hiring significantly which is why Cerebral Valley (centered around Open AI's HQ in SFO) is attracting tons of VC. Green energy is growing...heck, even semiconductor engineering is a growing US job market these days.


There's a difference between attracting VC though and hiring tons of programmers at big salaries. Open AI actually only has 375 full time employees and that includes functions like HR, etc. The model of companies like open AI is actually very few engineers on payroll, and then tons of low-paid contract engineers that are offshored in countries with lower salaries.
Anonymous
Post 04/28/2023 10:19     Subject: Has this board missed the huge contraction in tech?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Cybersecurity is still hot.


For now, I question how that field can possibly absorb all of the kids who are flocking to it now, especially given how ripe it is for automation.


It is a strange misconception that CS is ripe for automation...creative fields, law, accounting, etc. are routinely cited as far more ripe for automation. Not to say CS is not as well, but it is impossible to know what to study if you are worried about being automated out of a career. Unless you are planning to pursue a trade...basically, every white collar job is vulnerable.

At least someone needs to program the AI and build the robots overlords...until they become aware at least.


Cyber security is ripe for automation and is largely automated by organizations large enough to afford automation
Anonymous
Post 04/28/2023 10:18     Subject: Has this board missed the huge contraction in tech?
Anonymous wrote:I personally agree with you. CS became so hot with word of HUGE, out of whack entry level salaries. $110K as a 21 year old? Come on, of course everyone wanted that. But those salaries were unsustainable and now you have way more supply and not as much demand, so it's only natural that the salaries will come down due to the saturation.

No one on this board will agree with us though.


I agree!

--Spouse of a senior level IT manager who is baffled by the intense focus some parents have on pushing CS degrees right now. And yes, he knows that AI is the Next Big Thing but a CS degree does not necessarily translate magically into a job in AI....
Anonymous
Post 04/28/2023 10:18     Subject: Has this board missed the huge contraction in tech?
Anonymous wrote:
Anonymous wrote:Cybersecurity is still hot.


For now, I question how that field can possibly absorb all of the kids who are flocking to it now, especially given how ripe it is for automation.


It is a strange misconception that CS is ripe for automation...creative fields, law, accounting, etc. are routinely cited as far more ripe for automation. Not to say CS is not as well, but it is impossible to know what to study if you are worried about being automated out of a career. Unless you are planning to pursue a trade...basically, every white collar job is vulnerable.

At least someone needs to program the AI and build the robots overlords...until they become aware at least.
Anonymous
Post 04/28/2023 10:11     Subject: Has this board missed the huge contraction in tech?
AI will spark the next wave. Tech is cyclical but obviously will be here forever
Anonymous
Post 04/28/2023 10:08     Subject: Has this board missed the huge contraction in tech?
Anonymous wrote:Cybersecurity is still hot.


For now, I question how that field can possibly absorb all of the kids who are flocking to it now, especially given how ripe it is for automation.
Anonymous
Post 04/28/2023 10:04     Subject: Has this board missed the huge contraction in tech?
Anonymous wrote:What is "fake jobs warehousing talent"?


Companies hired talented engineers, but had no where near the work to justify the amount of bodies. Twitter being relatively functional after firing most of their work force made it pretty clear how bloated payrolls are.
Anonymous
Post 04/28/2023 10:04     Subject: Has this board missed the huge contraction in tech?
Cybersecurity is still hot.
Anonymous
Post 04/28/2023 10:00     Subject: Has this board missed the huge contraction in tech?
CS majors will continue to be in demand.

Most kids of parents in DCUM won't hit the job market for another 4 - 5 years.
Anonymous
Post 04/28/2023 09:59     Subject: Has this board missed the huge contraction in tech?
What is "fake jobs warehousing talent"?
Anonymous
Post 04/28/2023 09:58     Subject: Has this board missed the huge contraction in tech?
Anonymous wrote:
Anonymous wrote: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!


TBH, this has been going on for awhile. CS, engineering, etc are great, really great, but not slam dunks.


It’s not just the “slam dunk” mentality, it’s also the pouring over CS salary data that is most definitely not relevant to Q3 and Q4 2023.
Anonymous
Post 04/28/2023 09:57     Subject: Re:Has this board missed the huge contraction in tech?
I don't know why people are obsessed with these companies...FAANG now is like IBM in the 1980s...they are now large companies where an entry level employee is a cog in a vast machinery and your job is fairly boring and inconsequential. I think folks think of them as the dynamic companies of the late 90s/early 2000s where you joined, had lots of responsibility, your stock grant was meaningful and could become something valuable. Those days are long gone.

As they say...there is always a bull market somewhere. AI companies of all stripes are hiring significantly which is why Cerebral Valley (centered around Open AI's HQ in SFO) is attracting tons of VC. Green energy is growing...heck, even semiconductor engineering is a growing US job market these days.
Anonymous
Post 04/28/2023 09:54     Subject: Has this board missed the huge contraction in tech?
I personally agree with you. CS became so hot with word of HUGE, out of whack entry level salaries. $110K as a 21 year old? Come on, of course everyone wanted that. But those salaries were unsustainable and now you have way more supply and not as much demand, so it's only natural that the salaries will come down due to the saturation.

No one on this board will agree with us though.
Anonymous
Post 04/28/2023 09:54     Subject: Has this board missed the huge contraction in tech?
Anonymous wrote: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!


TBH, this has been going on for awhile. CS, engineering, etc are great, really great, but not slam dunks.
Anonymous
Post 04/28/2023 09:52     Subject: Has this board missed the huge contraction in tech?
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!