Tech bros...how is your market outlook for this year
 

How is your company doing and what are some well paying companies that are still hiring at the moment?

My startup has had two rounds of layoffs in the last year and we have been on a hiring freeze since August last year. Business outlook for this year is not great either.

Looking to jump ship to a bigger company to wait out this bear market.

How old are you?

When young and little financial commitments, no mortgage or kids to put in school, joining a start-up is worthwhile to clock hands on experience in project and people management, and due to good upside potential.

Once you're in your 30s with responsibilities, consider settling down into management track in some stable big tech firm. Don't rock the boat career wise.

dont listen to this dumbass

joining a tech startup is the dumbest thing u can ever do. only people who do it are weird kids who think that they are god programmers and want more "say" in how things are done or losers who suck at leetcode and have no choice but to join trash startups that lowballs people and OTs them

word of advice, u wanna ask, go over to cscareerquestion reddit and ask on there or go on blind and ask there.

here's full of boomer retards who dont know **** about tech and just spout the same ******** "oh u young so can OT" logic over and over again

tiktok, bytedance, google etc are all still hiring



they pay incredibly well, its a matter of whether u can pass their 6 stage interviews or not, good luck.

Spoken like a mature young man.

Awful advice.

Tech startups are notorious for poor engineering practices, low-ball pay and awful code quality. I'm not sure if you've worked in tech startups before, I have worked in 3 different AI startups before, so did many of my friends in other startup fields, crypto startups etc.

They were all awful. A quick google and you can find many bad reviews about them too. Most of the startup companies in Singapore are rated very poorly.

OP I strongly advice against joining tech startups.

People join FAANG to further their careers and work hard in those companies in their early years. If you can't join FAANG, next best bet is F500 companies.

This forum really needs a moderation system, misleading posts like this are very harmful to tech fresh grads and freshers looking to get into the market.

Please do some reflection, thanks.

On my third start-up now and doing well in terms of package. Locally, only Meta can match or exceed my current compensation. The trick is to join only well funded VC backed startups. Most local "startups" are really just SMEs with no real growth potential.

A lot of statements here just jumping the gun. Start ups are v good experience if these start ups are unicorns or unicorn type of potential. Usually these wont be your singaporean start ups (most of these are poor and sme kind) but those from other countries.

Unicorn startups easily > f500 companies imo. It varies but if the f500 company is not tech driven, it can be career suicide. I worked in both before, quit the f500 company in a month

Agreed but you forgot to add that having Big N / F500 companies on your resume is far better than some rando startup. Just becos you get paid highly in your startup doesnt mean its future proof anyway.

Was in carousell, pulling 8.8k as a junior then got laid off.

Biggest regret ever, before that I had offers from Accenture for 7.5k... my friends went there and they still have a job while I don't... shag sia

Sorry to hear that. Junior meaning something like 2-3+ years of experience right?

Yup 2 yoe, Accenture offer was mid-level, carousell was junior but pay was higher so I went with it and regretted. Never trust startups anymore, even if its VC funded.

No need to regret bro. You can literally use your last drawn to negotiate for higher salary. There are still opportunities. I got laid off too

Join civil service, you can rise up to 8 K, 9K, 10K no problem for farmers

really meh?

i got laid off by binance in 2022, out of 30 interviews, 7 offers all offered below my 10.8k monthly lol they all offered around 6-7k and bobian, market so bad i took one of the offer

i wish u luck ah bro but i don think thats how salary negotiation work

Quite strange you took such a large cut. I was drawing around 6.7k and got a few offers 8k+, eventually took 1 that is 8.5k. I auto rejected those with less than 20% increment and let my competing offer push up abit.

pornhub looking for site revamp creator, 9.9k. any takers?

eh i think theres a big difference between ur situation and mine bro

mine is crypto + 10.8k, yours is 6.7k to 8k

nothing unusual about negotiating higher from lower salary... but to say i can use my last drawn salary to nego even higher is abit ******** leh no offence ah but happy for u, u got higher pay, sibei swee

Hijack abit but when you all shared monthly salaries, how much are the bonuses?

yup I messed up lol I got abit impatient and just accepted haha

which company offering 8.5k for fresh grad

when the fk did he say hes a fresh grad? first time reading?

Need 20 years to reach this salary in civil service while other tech industry need less than 5 years. Your choice.

Lmao 2 nerds in this thread circle jerking each other.

Coming from a fat ugly fk like you LMAO

not sure but someone above said phub is offering 9.9k which seems very attractive

Triggered virgin tech nerd spotted 🤓🤓🤓🤓

Almost 1am post. Get a job retard.

Ignore him la knn he watch so much lj online, his personality like the typical Indian comments lol sibei cringe dog

Bro here replying his own comments 😂😂😂

What a nerd 🤓🤓🤓

da fuq 12:52 am lol

This is the true awful advice. there is different grades of startups. those singaporean SME masquerading as startup with govt funding and lame ideas and true blue unicorn startups/scale ups. obviously don't join the first cause it is just SME with a different wrapping but the second type can definitely consider. well funded with many series of funding, proper path to profitability and proper engineering practices. is it rare? yes, but they definitely exist

Those who were retrenched. How long did it take for you all to land another offer, and was it a down/flat/up move?

Retrenched in Jan 2023. Still looking.

Was getting a lot of interviews at first but now not even getting any interviews anymore

Got laid off from Shopee last year, found a new job within 3 weeks.

in total i have 3.5 YOE, applied to 6 different places, 4 interviews, 3 offers.

as always, market only sucks for fresh grads and juniors or mid-level developers with no real demonstrable skills. ( IE: u say ure a backend dev yet cant build a simple spring controller following any typical design like MVC etc, 0 chance you'll find a job )

Was it a down\flat\up move for you and were the 3 offers from tech companies or non-tech enterprises?

Totally agree with you it's about skills and capabilities. My start-up folded last year in August. Most good people found new roles in 2 months with matching or better compensation, even people in supporting roles like PM. Some of the more useless ones took 8 months to land a new role at companies like OCBC.

Yah, I noticed as well. Job postings for tech jobs seemed to have slowed down, even for technical roles like SWEs and DS.

All the best to you, hope you land a new role soon.

With the weak tech market and oversupply of techies.
He might get retrenched again and not able to find another job

It was flat, all from tech companies, 2 from F500, 1 from mid size.

yep, people saying the tech market is volatile or will get retrenched again etc are clearly juniors or people who're not that skilled in tech. people dont just get laid off that easily, my friends at tiktok and bytedance are still hired, no layoff.

While it's true that the current tech layoffs is majority centred on supporting roles like PMs, sales and marketing roles. I think the openings for roles like SWEs are drying up as well. Quite clearly observable across job boards.