Will there be new companies in the future that will give tc equivalent to fang and other tier 1 startups,to softwares engineers??
My opinion.
The boom in tech was caused due to
- High growth estimates, and
- Cheap money to chase those estimates.
Right now, the high growth estimates are not translating really well on ground and cheap money has evaporated from the market owing to high levels of inflation causing central banks to tighten the screws.
However cheap money will be back on menu soon owing to the fact that the central banks intentionally keep inflation data suppressed to keep interest levels low (basically what causes money to travel from the pocket of the poor to the rich, which explains the prosperity of Bangalore).
But the question which remains is whether vc will continue chasing the old high growth projections of tech and tech enabled businesses?
If yes, then the next round of quant easing will cause next tech boom.
If no, tech will be humbled .
But i don't think any better sector other than tech..i think ai will cause the next boom..what's your thought about that?
How will cheap money be back soon? Central bank intentionally underreporting inflation? Low interest rates cause money to go from poor to rich? Bangalore?
Can you explain the the train of thought?
For starters
- the last round of QE was longest in history (2008-2017) some hike and again covid brought it to zero
- no major bank / economic research firm expects a same boom market atleast in next 3-5 years
- inflation is a bigger risk to economy, business, society than mild recession via high interest rate
Anybody who claims to know a definitive answer to this is either delusional or a time-traveller
But why people are so negative about it.. i mean when the tech sector was in a good state before layoffs..people were still saying that there is so much saturation and the salaries are also less..and when layoffs came,those same people are saying that the salaries are very inflated and they will come down drastically....i don't understand who are these dumbos..and really i wouldn't have thought that so many people chose last option...
I chose the last option.
If salaries do go up, then great. If not, I have already adjusted my expectations.
Woah 50 percent of people are saying no...are then any other professions which pays the same..??if yes then do enlighten me..and please don't say doctor,i am tired of hearing that..people can't think of proffesion other than that
Finance pays well too although WLB is pathetic there
Are u forgetting svb,signature bank..plus there is so much saturation..(more than tech)..biggest companies in tech sector layoff people during recession..but biggest banks go bankrupt during recession....
You've probably never heard of my company before but tc is better(or comparable) to maang or post mba tier 1 salaries.
The trick is to ascertain what industries can afford you to pay you that well and how good you're at what they are looking for.
I'm from a tier 1 college so that probably worked in my favor - but getting a job is still a long shot from where you passed out of.
I don't think salaries will be like that anymore
- Elon Musk reduced the workforce from 8k to 1.5k and showed the other leaders that you can exist with less people
- ChatGPT, no code low platforms can replace jobs in repetitive jobs like building basic websites, thereby increasing competition and cheap labour.
- All the cloud providers have automated an important lifecycle of deployment and maintenance and provide services for devops and ml stuff. You just need to know how to use them and have some understanding of how these things work
- Most startups reinvent the wheel add some ai/ml to get funding and sell their products in the localised market. Most start-ups fail. Edtech and web3 were hyped and saw so many companies going bankrupt. So VC's will be thinking twice before investing.
- Every year so many people jump in IT. So high paid folks are most vulnerable. It's like anybody can code these days and the competition is high.
Anybody can code...but most of them write crappy code with no optimization...most people just do web development..majority of so called softwares engineers don't have food knowledge of DSA,you are telling me that each year there are many people who jump in IT,.the truth is that it received over saturation before 5 to 6 years still the salaries kept increasing,majority of people who were fired that was laid off were not software engineers..You said that most startups fail or they just reinvent something and add ai/ml..well this happens in every proffesion..and i also think that it will be a good thing that Vc will not give money that easily,by just seeing pedigree..due to this irresponsible behaviour most companies burn money..now vc will only fund money who deserves and have a strong foundation..if u think that chatgpt can replace swe than please tell me why calculators didnt replace accountants..chatgpt is just better stack overflow for software engineers and if u really think that ml and ai is that easy than please help me to build this model which requires complex calculas to build it...most people who call themselves software engineers are just some bootcampers who learned some code here and there..in my college and another 90 percent of colleges in the world..if u carefully see than u will recognise that most of the students just enjoy and don't do any hard work needed to be a good software engineer...and those are the ones who will be replaced..because i can agree that anyone can write your basic html,css....
Yes, this happens today as well with good established traditional organisation eg HDFC,
It is these companies do not give that 'stock', 
