Because they're publicly traded companies and the largest shareholders feel technology companies:
1) Are capable of "doing more with less"
2) Have too much headcount
2) Overpay engineers by 2-3x
These views are not unique to Wallstreet shareholders; they are shared by a growing number of tech VCs and "thought leaders" (most notable a16z). The next phase will likely be longer hours for less pay.
Comments
Because they're publicly traded companies and the largest shareholders feel technology companies:
1) Are capable of "doing more with less"
2) Have too much headcount
2) Overpay engineers by 2-3x
These views are not unique to Wallstreet shareholders; they are shared by a growing number of tech VCs and "thought leaders" (most notable a16z). The next phase will likely be longer hours for less pay.
The halcyon days are over.