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ok so this is paywalled but let me shorthand it
https://www.businessinsider.com/tech...gnation-2022-4
you work in IT. youve had your position for years. you know the company inside and out, you know how to deal with outages, you know where to look for documentation, you know what compliance requirements exist and which ones need to be adapted to and which controls are in the process of being updated.
you see 2 trends in the last couple of years;
1) resignations. lots. people in jr positions primarily. the usual bullshit is behind it; entitlement, wanting more for less, an industry that seems incapable of finding out an employee is under qualified before they hire them, employees wanting to mine for gold on the fringes of tech eg web3 so on.
2) the company is now in a position where it absolutely has to fill those positions, so they are now competing for mediocre talent, mandating they raise comp packages.
and now comes the stinger;
in addition to everything else you do day to day to keep your employers customers happy, you now have to train junior IT hires who earn more money than you.
so you do the obvious thing; you fucking quit and work for another company who is willing to pay you 20% more for half the work load.
problem is, when you leave, all that bespoke knowledge you accrued which was essential for maintaining business continuity leaves with you, and your original employer quickly finds itself staffed by people who literally have no idea how to fix anything once it inevitably breaks.
oh and heres a creepy little bonus point;
in the rush to stay 'competitive', every fucking company listed on the nasdaq has hired the most luridly schizophrenic software developers available to keep their products 'competitive' and the majority of them have introduced irrevocable stability/security issues as a result, that can neither be back ported away from or mitigated without a manhattan project caliber approach.
i think within a few years, we can expect 30% of all listed tech companies shut their doors, with another 30% being sold for scrap to the handful of FANNG adjacent behemoths.
fucking book it.
https://www.businessinsider.com/tech...gnation-2022-4
you work in IT. youve had your position for years. you know the company inside and out, you know how to deal with outages, you know where to look for documentation, you know what compliance requirements exist and which ones need to be adapted to and which controls are in the process of being updated.
you see 2 trends in the last couple of years;
1) resignations. lots. people in jr positions primarily. the usual bullshit is behind it; entitlement, wanting more for less, an industry that seems incapable of finding out an employee is under qualified before they hire them, employees wanting to mine for gold on the fringes of tech eg web3 so on.
2) the company is now in a position where it absolutely has to fill those positions, so they are now competing for mediocre talent, mandating they raise comp packages.
and now comes the stinger;
in addition to everything else you do day to day to keep your employers customers happy, you now have to train junior IT hires who earn more money than you.
so you do the obvious thing; you fucking quit and work for another company who is willing to pay you 20% more for half the work load.
problem is, when you leave, all that bespoke knowledge you accrued which was essential for maintaining business continuity leaves with you, and your original employer quickly finds itself staffed by people who literally have no idea how to fix anything once it inevitably breaks.
oh and heres a creepy little bonus point;
in the rush to stay 'competitive', every fucking company listed on the nasdaq has hired the most luridly schizophrenic software developers available to keep their products 'competitive' and the majority of them have introduced irrevocable stability/security issues as a result, that can neither be back ported away from or mitigated without a manhattan project caliber approach.
i think within a few years, we can expect 30% of all listed tech companies shut their doors, with another 30% being sold for scrap to the handful of FANNG adjacent behemoths.
fucking book it.
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