The Big Tech Brain Drain
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- Опубликовано: 2 июн 2024
- For the longest time, FAANG has been the dream destination for the smartest engineers in the world. FAANG companies not only pay insanely lucrative salaries but they often boast the most interesting and cutting-edge projects. But, more recently, as FAANG approaches market saturation and increasingly cements itself as big tech, salaries are going down and the novelty of their projects is also going down. Apple engineers are no longer creating the next big iPhone, they’re simply refining the current iPhone. Google engineers are no longer creating the next disruptive internet service, they’re simply maintaining are already massive internet services. As such, we’re seeing the smartest engineers leaving in droves to start their own companies and join smaller companies where they have far more scope. In the meantime, these big tech companies are being filled up with employees who are much more interested in the paycheck than the company. This video explains the final evolution of big tech and why the smartest engineers are ditching FAANG in droves.
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Timestamps:
0:00 - Brain Drain
1:59 - The Great Migration
5:55 - The Opportunists
9:53 - The Repercussions
Resources:
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If the company doesn’t care about you. You shouldn’t care about your company. Use them. Because they’re definitely using you.
and they will definitely dispose of you like trash.
Many companies are like that. The problem is if/when we expect them to be our friends or like our family. That's not what the workplace is for
Do the job you agreed to do & get paid what they agreed to pay. Simple
@@AkeruZikoraSo basically just do the job expectations and nothing else even when they expect more than the listed job expectations? Smart thinking and common knowledge
Yeah. Keep doing just the minimum. And wonder why people who put in more effort keep pulling ahead.
@@codycast I must respectfully respond to this one. I never said to do the minimum. If you think going above and beyond working as an employee will get you ahead then you are already behind.those getting ahead aren’t doing it by being corporate lackeys or wage slaves. They’re doing it by going above and beyond on their own personal business ventures. Those getting ahead in my circle are specifically those that ARENT burning themselves out doing extra at work. They do what they are paid for at work, nothing more. Nothing less. With the energy saved they work on expanding their business ventures and getting ahead. Ultimately Working as an employee is nothing but a transaction. A company exchanges a set amount of money for an expected amount of time and results. Why would anyone do beyond what is required for free? Time is valuable. Get paid for it. If they expect more. Then they should pay more.
I see the fact that the big tech is collapsing under its own weight as a good thing. The market needs competition of small companies filled with passionate individuals, not an oligopoly of giant bureaucratic entities whose members mostly don’t give a damn about technology.
Stop yapping
@@oscard9429 you stop yappin
But it isn’t collapsing though, they just keep getting bigger
@@AschKrisYeah successful startups just get bought up and absorbed into the main big tech companies. The guy in the video kept bringing up Open AI like they aren't owned by one of the biggest tech companies on the planet.
It's not like they have the money to spread disinformation You know like they don't want to be considered a monopoly Or something
Speaking as someone who has worked for a tech giant for the past 7 years: Another big reason why people are leaving these companies is because we aren't treated well. Compensation and perks are fine, but not if we can be laid off at any time by our great-great-grandmanagers whom we've never met outside of seeing them on stage in an auditorium and who refuse to take questions about what decisions led to layoffs being necessary or whether or not they expect they'll need to do more layoffs in the future.
People move to startups because at a startup, we are not only in control of our own product, but also because we're closer to the decisions that lead to the success or failure of the company as a whole, and because the people who make those decisions know more about us than just rows on a spreadsheet.
It's great that small companies don't lay off people on Friday nights, right? The horrors of the big companies that you listed in the small companies also exist. Probably with the exception of high salaries and bonuses.
Startups will lay you off at a moment’s notice if they have to.
Big tech has pivoted from innovation to rent seeking.
Nailed it
When did this pivot take place? 2009?
Why the F would big tech have trouble hiring, when they're the ones that lay off the most every year? I don't get it.
The market isn't rational.
My friend from amazon in EU told me. They fired a lot of engeneers and month after that hired most of them back (most ex employees got offer, many refused). Big tech layoffs is cutting really shit projects, but mostly is game with investors like "year market is bad, but we doing something, see how we fired some employees". Its eu situation, may me Silicon Valley its different.
@@user-vo9wd6tx6c collectively yes. probably. But within the company, these are decisions made by, supposedly, rational people. Workforce management is not a market process. Like, does it not contribute to the bottomline by becoming efficiently managing manpower?
@@user-gi4qu9do2v I see. so playing around with investor sentiment. It's not a matter of efficiency at all. that's so weird.
It's covered by the video. They end up hiring many opportunists instead of true engineers, so they need to clean the house and recruit again. The trouble is with quality, not quantity.
This is a rude awakening caused by the Big Tech entities. They romanced talented people, but through ruthless data-driven and optimization efforts, have caused the tech sector to be an unstable nightmare to work in. If people don't feel they can count on a company to provide them a sane work environment and stability, they will go to places where they can get it.
They are not getting it anywhere in today's world. Big Tech has definitely overpaid their employees and treated them like royalties (at least in USA). That's why the smartest people go there. Smart people don't make irrational decisions.
I'm not sure if that's what he meant. Besides, this is applicable to any business, not just big tech
All that matters is the share price and people believing they aren't monopolies
No company will provide it. They are formed to extract money. You as employee is just a mean to make money.
@@AkeruZikoraany private business*
As someone in one of these roles, I can assure you that fixing bug #2001 is not the daily work of higher level software engineers. Honestly, if that was the daily work, that might actually be more fun. The reality is that you're in 12 hours of meetings in an 8 hour timespan, since any top contributer will immediately get noticed by their manager and turned into a leadership role, where your technical designs become political negotiations. You'll be lucky to open your IDE once per week in an L7+ role. Spending hours of your life convincing some TPM to remove an unnecessary requirement, only to have them flip back the very next day. Most good software engineers entered the career because solving problems is fun, not to play office politics at a trillion dollar conglomerate.
@@boumajohndoers and fixers, but not pointers.👌🏼
Hello! What advice would you give on how to become one of these "superstars" the video mentions? Thank you.
You should give yourself more credit, daily manipulation of the space time continuum is impressive.
This is a down to earth dissection of how institutions and companies rot from the inside.
It's the old pitfall of "when a metric becomes a target"
@@telesniper2 Indeed big tech hiring is broken. The white board challenges and system design interviews are far removed from real engineering.
Many decades ago, IBM was identified as the primary tech company. When recruiters were scouring college campuses for the best and brightest, a key sales pitch was "We're not like IBM."
I’ve learned to steer clear of corporate companies for any job. They are ruthless and treat their employees like crap.
Good! I’m tired of seeing countless TikTok videos “a day in a life of a tech bro” lmao!
Oh yeah! Like what work do you actually do.
It's all about opening laptop, checking mail, coffee break, talk with colleagues, lunch break, some work, leave for some corporate event, then some fancy snack, etc.
Like what!
@@rajanlad those are usually HR bunnies, not actual tech workers
Lol. You can just skip the videos & spare yourself from the cringe & stress 😂
Lmao I work in big tech and those people are a joke to us
It will be funny when you realize you built your own Tech prison but I'm sure you won't even notice lol
You depicted the 3 catergories very accurately but you forgot the one saving these companies: The immigrants.
I was part of this bucket. Many many engineers get better salaries than they ever would from their own countries, have higher difficulty changing jobs because of visa issues and delays, and are very qualified. This is what saves the big tech today.
Yeah that is kind of part of the "groomed" but I do think he could have mentioned the H1B "hostages" that cant just job hop once they get their opportunity.
I love the corporate environment. I'm still a junior with 2 years of experience and I love my job for the sole fact that it is boring. I just go to work, do my job for 8 hours, come back home, take a nap, and then start work on my game hobby project. I may not get the highest pay, I'm paid with industry standard, not a cent more or less, but the fact that I'm not stressed and I can work on my passion in the free time, and to just be able to think of this job as just a regular one, not being required to do overtime, it keeps me happy.
Honestly, as a professional software developer, I don't see the point of working for big tech.
Hahaha
I'm early in my career, and it seems like a step up from my small non-tech company that gives loads of money while boosting your resume.
@@TheGameMakeGuy As pointed out in the video, it's just not there like it once was. On top of that it's fucking infuriating working for FAANG companies. They've all reached such a high level of saturation that your job ends up being chasing fractions of a fraction of a percent increase in efficiency, user retention, etc. It's just boring bullshit. Working a tier or two down from FAANG on fun up and coming industries is far more worthwhile.
Same. Soul draining
@@TheGameMakeGuy Think about it like this: You're a footballer (aka Soccer player) at your prime and you're in great condition. Would you rather go to Saudi Arabia and trade your personal freedom and fade out your name by playing in a mostly unknown team for the money, or move to a big European team to earn less but gain more personal development and prestige? Or even yet, go to a lesser known European team, build up their morale, score their first major tournament and write your name in history?
Amazing how corporate leaders seem to believe they can expect loyalty while showing none
Corporate leaders are just ran by rich kids whose parents hooked them up with a full ride at a top university. They’re spoiled rich kids. They have little to no empathy for people. They just look at numbers on screens and decide from that. Not as surprising when you realize that
There's nothing wrong with securing the bag. As a Software Engineer myself, I am my first priority not the company
Software Engineering is easy
FaceBook has you do a summer camp like thing for Sr Engineers. You go, interview, then you get on a small team and do a project, after that the departments will pick and choose like college football players getting drafted into the pros.
Also, we hate being called "rockstars" "ninjas" or "super stars". We are not children, we are professionals and we know you are pandering.
What did you create a PPT?
I’m in Big Tech now, looking to jump ship by the end of the year (if I don’t get laid off first). I just have no motivation anymore to do this monotonous incremental work bogged down by bureaucracy. If everything works out as planned, my next job will most likely double my hours worked while cutting my pay, but at least it’ll be for something I’m actually passionate about.
which company are you at! Are you on the product side or SWE?
SWE, would rather not specify my employer but it’s in FAANG
and what will you be doing next? if you don mind sharing@@Castal-xo1yz
It is not a bad choice, the entire attraction of big tech is the job security associated with working in a too big to fail company, but that went out the window when they started laying off. Now you can be in a company where you have more control of what happens.
Please make video on HCA healthcare and also how hospitals make huge profits in the usa
Thanks for the suggestion Abdulaha
Hospitals don't even hold a candle to US private insurance. Even the largest hospital systems are like one percent the size of the major US health insurers. If you want to see how a monopoly/oligopoly works, look at US health insurance. Many, many problems in US healthcare have roots in the fact that health insurers basically operate like a cartel: they don't compete on price, they use their market power and anticompetitive measures to crush competition, they engage in de facto price fixing and other extractive business practices, and they use their giant size to lobby for whatever handout they want from Congress. The big three insurers have been described as being more powerful and more frightening to congressmen than the oil lobby.
Past generations in the US really leaned into privatized health insurance, with citizens and businesses thinking it would give them more control and more choice than a nationalized system (ie, if I don't like this health insurance plan, I am going to shop around or go to your competitor). Sadly, we wrongfully allowed a bunch of mergers and acquisitions such that only Aetna, Cigna, and United remain, and at this point, it is totally impossible for competitors to enter the market. The regulations and market conditions have come together in such a way that everything has hardened into catering to what Aetna/Cigna/UHG want... and that's it.
So, if you don't like your health insurance plan, that's too bad, because their competitor is doing the exact same things and charging the same prices. And good luck switching, because unless you're a business, you typically can't actually chose another provide. Like any oligopoly, the three companies in the cartel are all doing the same things, and have little distinguishing them from one another.
So we don't actually have any choice in the matter, there is no competition and no market discipline from customers, providers, or pharmaceutical manufacturers. It causes so many headaches at a macro scale, because they can just wring blood from a stone, engage in rent-seeking, and extract higher and higher prices while offering nothing in return.
Also universities, family courts and domestic violence shelters.
We need small tech companies who cares for their work and their employees. 😢
I am a machine learning engineer for Boeing and i love my job. I was self taught so it hits different for me to be there.
You should fix your plans
Indian i presume?
plans?@@tuckerbugeater
@@lv1543 nope just an average white guy. Worked at Chuck E cheese five years ago
lol I could tell in the first minute that these incredibly logical people know that there's no loyalty from these companies, and that they don't owe it in the first place. And then the companies act "baffled" and "confused" as to why they're being used like this.
people filled lucrative positions not out of necessity; but to keep them from starting something else- or working for someone else. They have been let go; they don't believe it's possible for you to ever rise above them.
Tech is its own worst enemy. Not offering junior roles to train up younger talent, leetcode (the WORST way to gauge a software developers skills), 4+ rounds of interviews for a single job....the list goes on and on.
100% true! I had offers from Amazon, Meta, Google many times but never joined. Lots of office politics from skill-mimatched people in power combined with a low scope of work is a problem. My recommendation is to specialize in something and join a smaller company with a better scope of work and ownership and low politics. Doing a startup or consulting are other good options.
Why were you interviewing with them so many times?
@@pb25193 It was on different years (once you reject an offer, you can change your mind within a year) for different levels and different teams (not always). They were all genuine efforts when I was planning to switch my job. I still recommend interviewing at those companies as you will know your market rate and level at that time. You might get a genuinely great project and team. For me, other companies provided more meaningful offers and jobs. FAANG still focuses too much on generalists (for scaling the company) and doesn't know how to use specialists (small companies do this well).
It was on different years (once you reject an offer, you can change your mind within a year) for different levels and different teams (not always). They were all genuine efforts when I was planning to switch my job. I still recommend interviewing at those companies as you will know your market rate and level at that time. You might get a genuinely great project and team. For me, other companies provided more meaningful offers and jobs. Big Tech still focuses too much on generalists (for scaling the company) and doesn't know how to use specialists (small companies do this well).
As a dev the last company I'd work for is one of the big tech ones. There are so many reasons.
This is great, but a caution for the slammers: Strive to be greater than them, don't repeat the same mistake with your start-up or work.
It's more often that we repeat pattern we learned, esp. after graduating from big companies.
EDIT: I forgot to add that usually big companies purchases small promising company.
I used to work for google for a 6 figure salary but living near work was so expensive.
Moved overseas to Malaysia working remotely for a smaller company for 80k now. I am much more happier with way lower living costs and stress.
Are you from USA?
Love your vids bro keep uploading
Thanks Humza!
Wow, this was actually really accurate, good job mate! And yes, you are 100% spot on, what "Rockstars" (or just good old nerds) want is primarily to build cool things with cool people. Money is a small part of the equation. The companies that can cater to those people and build teams with them are the next Google's.
Great video, keep covering these topics 🙌🏻
Thanks man, will do!
9:08 I am an Asian from HK. You have a good observation. Many Asian parents “force” their children to be “successful”.
I am not the groomed. I didn’t study that much (at all) when I was in high school.
However I luckily I end up “OK”, graduated from the top 5 engineering school with MSEE working in the Semiconductor “Fab” which was a very bad/horrible career choice.
It is another story! I always regretted I did not go for Software engineering since I truly like programming.
If I were a programmer, I would find all kind of problems as my current career I am sure!
I really like your content. Thanks for sharing.
I'm curious why working at the Semiconductor Fab was a terrible career. Are you constantly required to do overtime? Does the boss expect you to pull off miracles every other week?
Great video as always
Thank you as always Balpreet!
Your analysis can apply to other disciplines. Very good work!
🙏
By brain drain, I thought I meant how big tech makes us stupid as we are spending more time staring at the screens instead of actually thinking
As an ITsec analyst at a well-known large company (ill leave name out) I can confirm your assessment of recuiters handing out offers to select groups of specialists.
I also turned down an offer that was 20k annually more than my current role becasue i wanted to avoid politics and not wanting to commute
Logically Answered always uploads the best content!!
🙏
awesome video, nobody, literally nobody on earth has such close to ground insights.
Bro big tech has scarred the engineering job seekers for the next decade. After the massive 2023 layoffs no one is even willing to touch big tech with a 10 ft pole .
Hahaha, we’ll see
Bro, your videos are so well done
🙏
Burn out, toxic management, unrealistic expectation, office politics and lack cooperation between teams and department, that compete against each others to survive, just name a few with big tech. No matter how good you are, that you can never realised your full potential.
I always wanted to avoid that. Im a self taught and I realize the amount of effort requires to get into a big tech tends to lead to the gunner types (which doesnt vibe with my personality). When they become startup founders they lack real ideas, thats why they all end up pitching VC the 20th iteration of "uber for pets".
Big tech is made of a few types:
1. Super genius, there to work on super valuable problems and grab big checks. Usually super low key and not really flashy.
2. Gunner opportunists
3. The ones that lucked into position or networked
You hit the nail on the head with this video
sounds like
superhero’s
are about
to show up
I see Google and MS to be next IBM, CTS and Infosys
They also don’t hire newbies and hire marketing/communication guys as technical managers. It’s insane. At my last two jobs and especially at my last job I had the entire department yelling at the manager that they can’t possibly expect someone of my skill level to be on the projects I was on and begged for him to at least give me any coherent training and/or put me on a project for a younger engineer. That it’s literally impossible for a junior engineer or engineer level 1 to do the work I was assigned. But the bottom line matters more than practicality or sense. And even then, I still hit deadlines (sometimes with coworkers helping me secretly because they were mad my manager refused to allow me to ask for help) while missing weddings, funerals, birthdays, holidays, with severely failing health for the last 1.5 years. I can’t walk anymore and one of my closest mentors is dead and I never got to mourn, and what did these last few years of hell since college get me? I got laid off.
Fuck tech. I had dreams once, but my current aspirations are to be a cam girl with a master’s in engineering. At least that won’t lay me off the second I tell my manager I need medical leave.
GOOD One bruh 💯💯🤣🤣
It's interesting how big tech is simultaneously laying off a bunch of people while getting rejected by a bunch of people
love the last 3 mins
Great take! Thanks.
Working for bog tech would make me feel dirty.
I bet you could work at Big Tech as a video producer or similar. You've certainly got the resume.
😂
He already works at RUclips, just without job security or benefits
@@pb25193 True!
5.03
...targeting think.. That would be ..targeting things? A keying error in the text, which a human reader would correct?
It was attractive when they started since the early developers had a chance to get amazing return for their time working at those startups. Now they are no longer startups but there are new startups that can have even more potential.
L6 or L7 means you aren’t a Software Developer anymore one is by then a manager.
This is exactly what i did. Worked in big tech long enough to be financial independent. Then took a job with better work life balance that I was more interested in doing
hi would be someone so kind and let me know what movies were the scenes from in this video, please? Thank you.
Why the hell is Netflix in Fang? Isn’t that nvidia?
Oh nvm I get it now. Lost sight of what Netflix pioneered.
This explains why most bug tech software is so piss poor and half baked.
You can tell that most of the products were built in like 6 months, and have just been slowely patched for decades now only when theres some pressure for some specific feature. Theres no motivation for real innovation and improvements on most products.
Trust me when I say the motivation for innovation is there… but it’s juxtaposed to middle managements targets. They’re incentivized to make decisions that are detrimental to the creation of a solid product.
Well, that and all the layoffs.
ake a video about how TSMC is in bed with in nvidia and how TSMC is undervalued by looking at each company's net income for FY 2023.
Is the audio track not in sync with the video, or is it just me?
Big tech will always be big tech, it will always attract talent. They still work on interesting projects and pay well. You've really oversimplified it. But you are on to sth with respect to the patterns of how people see it as means to an end, and how ambitious people see it as a stepping stone. But still, a lot of talented people stay put in big tech or try to get into big tech.
It was always clear that the working pool behind YouselessTube for the last 5'ish years was a cesspit.
But it is nice to know what to call them all now.
Same thing can be said about the military officers (mainly air force and navy). Many leave because they know their skills and are being payed well by private companies.
Don't worry, their diversity directors are well paid and will definitely carry these companies.
Nailed it!
Startups are the future. Motivated, talented people from all around the world.
Well... with current high interest rates I don't think you will have much choice.
i would rather live in a tree stump and eat bugs than work at a company whose biggest problems were solved 10 years ago
@@stuartcarter4139 Lmfao the Hakuna Matata description took me out
@@notanotherone5564?
satya nadela , sundar pichai are both in last category individual
When corps treat employees as disposable, the feeling becomes mutual. And their wages are decreasing also, driving down demand
"If the superstars aren't joining, then who is?"
Diversity hires
Nothing wrong with pursuing a passion. Life's too short to just work on someone else's dream.
By the last form of opportunists you are ref. to the bootcampers who jump to IT because of a big salary meanwhile you are in the office "drinking Starbucks fancy frappes".
Bro really regrets not taking computer science in college😂( just kidding)
😂
Think this is similar to cybersecurity … I am consider my own move working for a big company feel like more and more guys know less and less and I am fixing all the issues due to others selling our work wrongly or team members I am working with has no skills outside of multiple certifications that shows hr them in … vs actually having skills
More FACTS ABOUT 💯 ❤😊
Working in big tech certainly offers some credibility but so does making cool stuff
We are heading towards a wake up call when it comes to jobs/employment. Many missed the big picture and it will start to show the coming years.
Well i guess we all have same thoughts after all 😮
If you're smart enough to work for Facebook, you're too smart to work for Facebook
"Those who build tall houses, don't live in them" - Old saying
It's a little distracting that the audio's out of sync with the video. 😵💫 It's giving me uncanny valley.
Oops, appreciate the feedback man
I got the offers too.
At this point, getting my cv in FANG companies is impossible. So I cannot relate
I see this take more from someone who is still maturing, who thinks their identity is somehow mapped directly to the company they work for.
As an e.g.:
Big tech is where people who want to maximize prestige (and other vanity metrics in life) would go, but previously it was said People would rather work in ChatGPT than in Bard. Aren't they the same people?
The more matured engineers know not to mix your identity with the company or product that pays the bills. You go do you outside the company you work for, and then do what is needed of you inside the company.
Whatever has the potential to make you more money and you don't hate working on, is fine as the work you do for basic survival needs. Be it at Big Tech or Startup.
lol this video has got to pissing off a lot of people
Good video. You did miss the DEI group which is a poison to any company.
Bro companies are always a means to an end I'm not deriving meaning out of my job. I'm only there cuz they pay me.
📠
📠
This is great news. NO monopoly of brains for these horrible companies
All I can expect now is for the terminal enshitification stage of big tech and the buckling of today's enshiternet they've built.
A look at blind posts will reveal that the info in this video is mostly not correct about what tech engineers want.
Exactly humanity accomplishments at any level will always repeat the same phases :ascension, apex, then ultimately a rebirth... Its All suppose to be good for awhile then something else takes it place
These companies should split.
This video is funny it says people want to move to startups to seek career growth but then in next chapter it says people are opportunist for seeking career growth at a big tech company. Its like literally the same thing but the commentary just paints it differently to sell you an idea.
8:51, why are you dissing me?
This is inevitable give their attitude toward their people and their obvious disregard for their destructive impact on the world.
Honest playing politics is pretty normal the higher the level you are in the company. You’ll need it to grow within the company. You’ll need to sell yourself when switching companies and when getting promoted. Those issues are not entirely new at all. The only concern you should have is whether employees care about the product they build, which you can filter for in the interview. Especially nowadays companies can take their time hiring the right people instead of over hiring.
Hey hey take it easy on “quant engineers” we aren’t all that shallow. It’s actually interesting work.
Make a video on Upi .