[seibelj]

I have it from a trusted friend that a big Google layoff is coming soon as well. Stay safe out there

[klohto]

I have it from a good friend that this is bullshit

[deeptote]

they were literally trying to recruit me last week

[brundolf]

Wondering how the displaced engineers will impact the rest of the job market

[atomicnumber3]

Just my 2c: I know friends who work at other companies paying similar wages who immediately try to get ahold of the lists of laid off staff from these layoffs hoping to hire top talent when they're otherwise not even going to hear they're looking.

So I don't know how much this will really change comp levels? Especially with how frequently software people change jobs anyway.

[EMM_386]

> Wondering how the displaced engineers will impact the rest of the job market

That dream of making local (San Francisco) pay while living wherever you want will quickly evaporate.

I survived as a software engineer through the dot-com crash. This isn't even a crash, this is just seems like a minor correction to "normal" for most of these companies with head-counts through the roof.

But SV salaries were abnormal, and that should be taken into account. There are a lot of us, doing a lot of the same stuff, for a lot less pay out there.

Why? For all sorts of various reasons. And this is now rapidly taking into account the entire globe.

[adam_arthur]

Yes, tech comp is about to come down greatly across the board.

We’ve barely seen the start of layoffs yet, and the Fed is pedal to the metal on engineering a recession. Tech falls first due to highest discount rate sensitivity

[seibelj]

Probably they will be absorbed at lower salaries / equity. But SF real estate, holy shit. Dump it now if you have any

[amyamyamy2]

Do you have any information about the size of the layoff / when it will be? I'm a new grad who started two months ago and is very anxious about this.

[GlickWick]

There likely won’t be one. They have other ways of reducing headcount.

[firstfewshells]

Don't speculate. And what does "stay safe" even mean? Unless you mean stay safe from folks making baseless insinuations.

[GlickWick]

You’d be wrong about that.