Originally Posted by Unregistered

Anyone capable of critical thinking would have seen that the high swe salaries are absolutely unsustainable. Yes, FAANG will continue to pay well, but these companies represent less than 5% of swe employment. Shopee starting to lay off people is a big deal because your fresh grad median salaries are buoyed by the demand from these companies, which hire way more than FAANG in Singapore. Many kids entering the industry could soon see a job market that is extremely hostile to newcomers, requiring multiple rounds of Leetcode Hard and/or take home for an entry level job. This is the reality of an industry that has extremely low barriers to entry.