The reality of today's tech industry: layoffs, long hours, AI threats, and few perks

I'm also in Tech, outside the USA. Totally agree. U.S. tech workers are driven into the ground, with little annual leave. It's seen as 'good' when you work through public holidays and don't take your (earned) leave. You can go to most Western countries and earn a great salary and still have a proper work / life balance, be healthy, be around for your family, and have a good social life. If I was a tech worker in the U.S. I would look at moving to a country that appreciates your value.

The U.S. tech industry will only change when it realises that it has to compete with other countries that offer high salaries and an appropriate work / life balance.

Your job should not be your life.
Luckily my company is operated out of an EU country as the headquarters but I still work in the USA.

While we work longer hours, I am grateful for flexibility and wfh. Ive never been denied FTO request in 14 years. 5 paid sick days but if you have to go over, its likely going to be ok.

We get employee stock purchase program, 401k match and a yearly bonus based on company performance (have never not gotten it in 14 years).

I remember when my dad died and despite us having a bereavement policy, my manager told me to take as much time as I needed and to come back when I was ready. I had two weeks off paid and never used a single hour of FTO. They welcomed me back and showed great care and sympathy for my loss. No questions asked.

I am jealous of how many mid year holidays the folks in the EU get and their Friday schedule. We do work weekends though regardless of which country you work out of. Just some folks will get paid OT for it unlike us salaried folks.

But you know, If I have to run to a Dr appt in the middle of the day or take my cat to the vet, I have that flexibility and nobody dares challenge it. We advertise it as a benefit and its truly embraced. Its made a lot of very happy loyal employees who are willing to do extra because they are treated like humans.

I know like 4 folks who leave at the same time every day to pick kids up from day care or school, come back and finish their job or make up the time and its perfectly fine.

If I worked out of the EU with a EU based company (lets say a different company because ultimately it wouldnt change much as this is how we operate regardless of location), how different would it be?

60 hour weeks are not normal but I would say 45-50 are. I tend to start at 8 am and try to leave at 4pm if I skip my lunch all day which is sometimes necessary. Often though that just means I work to 5-6pm. Probably several weekends a month (1-2 depending).
 
The future is in the trades. We need fewer IT people and more plumbers, carpenters and electricians. Want to make a good living and live where you want to? Get into a trade apprenticeship. The world is crying for people who can do things that are practical. So, if you are an out of work programmer, get comfortable with the idea of getting your hands dirty so you can feed your family.
 
That's one way to look at it. On the other hand I do know people in tech who are not only making good wages but are also benefiting from stock options and discounted stock purchase programs. That is how a lot of larger companies and even smaller startups share "profits" with employees. There are also 401K programs with matching contributions which is essentially free money. No, not all companies have these things but many do.
"No one" gets stock options anymore, unless you hit at least mid-level executive tier. Certainly not IT, given most companies outsource it nowadays (just went through this ourself; our IT is now entirely off-site through a contractor).
 
"No one" gets stock options anymore, unless you hit at least mid-level executive tier. Certainly not IT, given most companies outsource it nowadays (just went through this ourself; our IT is now entirely off-site through a contractor).
Thats not true. Every person in my company gets options. 25k wide. Talking in absolutes invalidates your point immediately.

I understand your frustration and acknowledge it. Im sorry if it has impacted you negatively but anecdotal evidence isnt absolute.
 
Have you seen the major blackout in spain and portugal? no chance of using a train, phone, etc...
and even worse no money or transaction can be made!! massive companies have made the 'no cash' utopia, now they must make a solution for when it all fails!!
 
"No one" gets stock options anymore, unless you hit at least mid-level executive tier. Certainly not IT, given most companies outsource it nowadays (just went through this ourself; our IT is now entirely off-site through a contractor).
Don't know where you work but it certainly isn't a majority of tech companies. The last 4 companies I worked for, some large, some startups, all had stock grants in the offer letter or had a stock purchase program so you could buy stock at a discount. My daughter has gotten several grants from her employer, and they also have a stock purchase plan on top of that.
 
Don't know where you work but it certainly isn't a majority of tech companies. The last 4 companies I worked for, some large, some startups, all had stock grants in the offer letter or had a stock purchase program so you could buy stock at a discount. My daughter has gotten several grants from her employer, and they also have a stock purchase plan on top of that.
Thats the opposite of what I see throughout the industry; IT is being outsourced to dedicated IT houses.

Our local team is down to one person supporting three buildings (and is clearly being pushed out). Our staff was given positions at the new firm, minus sonority, at half their previous pay (at best), locked into five year contracts, and if they refuse it would be treated as them quitting, so no severance.
 
Don't know where you work but it certainly isn't a majority of tech companies. The last 4 companies I worked for, some large, some startups, all had stock grants in the offer letter or had a stock purchase program so you could buy stock at a discount. My daughter has gotten several grants from her employer, and they also have a stock purchase plan on top of that.
yeah, we have an EPP. We get stock at discount through the program based on the price at the start/end of the offering, whichever is cheaper.
 
Everyone wanted cheap prices and Congress wanted all the money the lobbyists gave them, so it's no surprise that after 50 years China is king of the hill and the US is at the bottom. Just stop crying and suck it up.
 
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