Tech workers hit with decreasing salaries :(

[Wanderer123]

Oh no..
Signing up SkillsFuture for toilet cleaning nao...

Pse help me clean wc when u graduate, xiexie.

 

[wwenze]

These giants are so big C-suite are not even 1% of total staffing.

The problem is if they fire 80% they the C-suite would have to start rolling up their sleeves and go down to help supervise just like elon himself.

If those C-suites get fired their entire village will be fired in a chain reaction.

 

[thisisnotme1212]

crashs riao crash riaos
buts fts ins sinklands ishs safes

 

[kongguan]

If those C-suites get fired their entire village will be fired in a chain reaction.

Can someone put in cute running baby u-turning GIF pls.

 

[coolhead]

Music to ur ears bo now fresh grad cannot get high celery liao

Tbh, it just shows that when oversupply of workers come, even their skillset will be hard to demand the previous high salaries

 

[coolhead]

Why? He anti tech?

Haha wait for him to come in and comment.

 

[Roundtreex]

As I always said, just enjoy the good times while it lasts

now many kicking off trend of hiring offshore like Poland, India, Philippines and New Mexico laio

soon more will follow suit

Are you living in 1990s where outsourcing era is ?

 

[Prime 13]

They were overpaid for a long time.

Agree.
During covid there was free for all 'talent' grab.
Firms were paying top dollar and hiring rike crazy.
Many of these pple were hired first, then ask them to ownself propose project.

Those that drop celery shld count ownself lucky.
Coz those that didn't in decade or so will be deemed overpaid useless dinosaurs.

 

[Forever84]

I think many jobs besides IT are in danger of being subcontracted offshore, so those in sg shd really work towards a position that can't be replaced by AI or offshore substitutes.

Ya my entire finance team has been offshore in Ph for the longest time lol

 

[Forever84]

Are you living in 1990s where outsourcing era is ?

Nope I’m in the know.

https://www.wired.com/story/techs-offshore-hiring-has-gone-into-overdrive/

 

[Forever84]

Back to point.

All sales are in demand regardless of what type of sales.

But when overall company needs to balance the books, that is when the cuts come in regardless.

As for SAAS sales, why is there a demand always. From what i know the turnover is very high due to the fact most sales dont hit target, so its next better player.

Nope. The reason is because a chase for growth. Many tech companies are always looking at 20% growth in ARR QoQ, and they just keep trying to fill more seats, make more calls, numbers game

 

[LocalRider]

Tech workers hit with decreasing salaries Down > 12 % How to FI early?

This is in US / UK where there is a lot of move towards offshoring (esp to India). In Singapore, FT from MY, IN, PH come and earn X3, X5 salaries. No decrease at all.
But the margin pressures will come to Asia too, it’s just not that much at the moment as Asia is still growing, and the spotlight is on the US/Europe.
I even see onshore Sg Indian FT competing w offshore Indians for some internal roles now. The more expensive AMDK are sent packing.
In the long run, only roles which are onsite and customer facing are safe.

 

[anchoraz]

Siao liao. Means many will kena retrench soon.

Many of them jus bought condo and conti cars.

Waiting for property bank sale and $0 coe.

 

[Nicholas92]

They were overpaid for a long time.

I don’t expect it to be sustainable over a period, but this is one of those things that was good while it lasted.

Those who saved/invested wisely are laughing to the bank.

 

[Nicholas92]

Oh no..
Signing up SkillsFuture for toilet cleaning nao...

Jokes aside, have you considered exploring the SkillsFuture selection of courses for subjects applicable to your field of work or interest?

 

[Roundtreex]

Nope I’m in the know.

https://www.wired.com/story/techs-offshore-hiring-has-gone-into-overdrive/

Google also find old article lol
Really bo skill
In before i am a tech lead

 

[kongguan]

Nope. The reason is because a chase for growth. Many tech companies are always looking at 20% growth in ARR QoQ, and they just keep trying to fill more seats, make more calls, numbers game

How many salemen are in your team just asking?

 

[mynickname]

Sales role in IT is very robust

there always a shortage of SDRs and AEs one

Sales in any industry also cut throat one

 

[Forever84]

Siao liao. Means many will kena retrench soon.

Many of them jus bought condo and conti cars.

Waiting for property bank sale and $0 coe.

Depends… must see how it goes, may not retrench just no replace. I can tell u how my CEO thinks of this (n probably many others in tech), they see competition hiring more n more engineers in growth hubs shipping out code faster than them because with lower cost they can hire more for same dollar.

So they are concern they will be left behind if they don’t hire in similar numbers but can only achieve that by hiring in cheaper markets. Now many have like 20% in existing location then 80% new hire in growth hubs

 

[Lchlch]

Heard IT staff always salary higher than other departments.