Still seems like there is a shortage of developers here and most people should find new work pretty easily, but it is always a little unsettling to have a bunch of layoffs in quick sequence.
SLC has been a great underground tech market for a long time, but word is getting out. California companies can't get away from the intractable chaos out there fast enough, and SLC is just an hour's flight away. New companies are pouring in much faster than we can handle 'em.
If you're a good tech worker in SLC, first, get in touch with me because I like meeting cool people, and second, if you've been affected by these layoffs, chin up, go to the next building over, and there's a realistic chance you'll have a better job in a matter of days.
Really handy for foreign companies expanding.
Send a founder and hire a local VP who can translate to American customers and Employees. Plus close to SV.
I'm surprised Utah isn't in the council of American States in Europe. Or otherwise looking for inward investment.
So what is stopping you?
Maybe they're holding out for something larger, like 300%,
A 50% salary increase alone definitely wouldn't interest me at this point. What I'm working on and who I'm working with matter a lot more to me.
It also depends on how long you've been at your current employer. Conventional wisdom is that once you're somewhere ~2 years, you're automatically leaving 10-15% on the table, because most companies are very stingy with raises. In an overheated market like SLC, that estimate is probably quite low.
Here's an anecdote: recruiters are so desperate that one of them spammed myself and several associates for a specific role, and this particular solicitation contained an apology that the base was "only" 135k. I know that's "just out of school" rate in SF/LA, but in most of the country, that's considered pretty darn good. And this recruiter is here pre-emptively apologizing to every stranger she spams for the "low" rate.
I got a lot more anecdotes, most of which are substantially better than that, but that's a quick simple one indicative of the kind of market we're in right now.
At a recent-but-former employer, we routinely hired in new people at +40% more than their peers who'd been there for >3 years, simply because the market wouldn't accept anything less and HR was hyperskeptical of any raise >2%.
My advice to anyone unhappy with their current compensation or employer is to go out and ask for the most ridiculous number you can think of. You may be surprised.
If anyone’s looking :)
So I wouldn't be at all surprised if it was engineers being let go a lot of the time. Especially at non software shops where marketing is bringing in money and the engineers are a cost.
They forget the agile cycle moves from maintenance back to development again.
Makes more sense just to offer devs more holiday and less pay.
Off topic, but indeed they did. Lots of people leaving, too. Things are not going to end well there.