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  #371 (permalink)  
Old 15-06-2022, 04:34 PM
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It's actually true. Try WSO, efinancialcareers, reddit. What the guy saying about trading pay being that outrageous is true, but only at top firms like Citadel/JS/Jump/HRT/DRW. It's not a secret. Whether OP really works in that field tbh doesn't really matter, noone can prove/disprove it and quite honestly noone cares.


Difficult to prove as he wants to protect his privacy. I am happy for him if he actually works in one of these firms. If he just want seek recognition to feel good, let it be as is no loss for any of us.

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  #372 (permalink)  
Old 15-06-2022, 04:37 PM
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Originally Posted by zero_88 View Post
anyone know how come SHopee retrench people suddenly? I tot the app business is expand rapidly?
expand too fast loh

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  #373 (permalink)  
Old 15-06-2022, 04:59 PM
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expand too fast loh
Helloooo... Mr obvious...
Normal la... last time was other industry now is Tech.
I still remember reading some people look down on engineering and now they also taste same problem. Hahaha...

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  #374 (permalink)  
Old 15-06-2022, 05:00 PM
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yOu'vE nEver sHIPpEd CoDe. Classic strawman argument, with no meaning or logic behind it to back it up. I've been in the industry long enough. Let's be real, you don't need 10000 engineers for a web app like Shoppee. The amount of engineers that's in the market, realistically, you only need 10% of it. Government is also investing money into green initiatives, you don't see ****ing green energy jobs being hot and popping out everywhere right? Same applies for tech.

From everything else you've typed, I gathered that you're probably a FAANG reject working in a low tier tech company. Perhaps even a WITCH company.
Lol yeah the government investing into tech is the most laughable point I've seen in a while. All the recent unsustainable hiring (and now firing) is definitely NOT the result of government 'promoting' tech, but VCs with too much money throwing their dollars at every tom dick and harry company.

If this is the average level of critical thinking from these 'xinjiao' (new bird) codemonkeys, then it's truly sad.
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  #375 (permalink)  
Old 15-06-2022, 05:14 PM
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Lol yeah the government investing into tech is the most laughable point I've seen in a while. All the recent unsustainable hiring (and now firing) is definitely NOT the result of government 'promoting' tech, but VCs with too much money throwing their dollars at every tom dick and harry company.

If this is the average level of critical thinking from these 'xinjiao' (new bird) codemonkeys, then it's truly sad.
hahahaha dont be salty with your trash pay la pls
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  #376 (permalink)  
Old 15-06-2022, 06:46 PM
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Websites like shopee etc only needs maybe 10 engineers at most to maintain and build new features once in a while (if you've built a web-app before, you'll know is not that hard.). The site is already built, the APIs are already there. Right now , they have thousands. And this apply to many companies, not just Shopee.

When these companies realize they don't need thousands of engineers, and start firing them, you'll end up with hundreds of thousands of engineers in the SEA market, maybe even millions, and like less than 1000 opening.

Median pay is dropping to 2500 SGD per month for fresh grads. Remember when Oil and gas was hot, finance was hot? Same cycle happening to tech. Welcome to reality people.

But all hope is not lost, 2.5k SGD per month can still survive, with rent, eat cup noodles and weekend do grab-food.
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Originally Posted by Unregistered View Post
ahahaha classic Cool Story Bro. let me humour you for a sec.

the reason why oil&gas fell off is because of the underlying shift of mindset to favor green energy solutions. not because its a "cycle" that has to happen like the business cycle.

finance, particularly front office, is still hot rn so idk what point youre trying to make here.

s://.businesstimes.com.sg/government-economy/government-to-spend-s38b-in-ict-in-fy2022-80-of-contracts-open-to-smes , Singapore is committing more funds YoY to ICT spending to develop tech solutions and that is purely within the context of public service.

sure, maybe a few years down the road some new tech (developed by programmers btw) could render all programmers obsolete (LOL) but ok lets say this happens. then sure, we could see a burst like in O&G, but look at the news sources we have now. u mean to tell me the govt is gna reverse all of that spending and suddenly go the opposite way? after committing even more YoY?

from everything else you've typed, i gathered you put together some code for some hackathon or webapp or wtv but i can guarantee you've never shipped code LOL.

CSB.
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Originally Posted by Unregistered View Post
Is like a group of house builders hired by a family
The family needed the house to be built within short period of time, hence they hired 100 builders. Once the house is completed, they only need 10 to maintain the house now and then, maybe another 20 builders to build the decorations

What happened to the other builder are not the end of the world. They can always look for new family who want to build their house

The issue is with recession coming, not many family can afford to do that.

The only one that needs to cry is the fake builders who attended 2 week building class and manage to get a good paying position while the other 1000 builders don’t make his lousy work standard stand out

But the moment the other strong builders are not ard, the lousy one will show his true ability and lose the job
Quote:
Originally Posted by Unregistered View Post
yOu'vE nEver sHIPpEd CoDe. Classic strawman argument, with no meaning or logic behind it to back it up. I've been in the industry long enough. Let's be real, you don't need 10000 engineers for a web app like Shoppee. The amount of engineers that's in the market, realistically, you only need 10% of it. Government is also investing money into green initiatives, you don't see ****ing green energy jobs being hot and popping out everywhere right? Same applies for tech.

From everything else you've typed, I gathered that you're probably a FAANG reject working in a low tier tech company. Perhaps even a WITCH company.
cringe essay writers, go touch grass.


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  #377 (permalink)  
Old 15-06-2022, 07:15 PM
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Difficult to prove as he wants to protect his privacy. I am happy for him if he actually works in one of these firms. If he just want seek recognition to feel good, let it be as is no loss for any of us.
NO LOSS? LOL HAVE FUN LIVING YOUR LIFE KNOWING PEOPLE ARE EARNING 10x THAN YOU BRO. HOPEFULLY YOU STILL HAVE THE WILL TO LIVE AND WORK.
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  #378 (permalink)  
Old 15-06-2022, 07:37 PM
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anybody in shopee? when announce the layoff? how is the mood like in the company now
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  #379 (permalink)  
Old 15-06-2022, 07:49 PM
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This yr increments, bonus still got hope?
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  #380 (permalink)  
Old 15-06-2022, 08:12 PM
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anybody in shopee? when announce the layoff? how is the mood like in the company now
Morale is low.
I'm looking to jump ship but now flooded with swe everywhere.
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