Tech workers have had more power to negotiate better salaries and roles in recent years because they were growing so fast amid pandemic-era demand and needed top talent to keep up, said Marissa McNeelands, chief executive of women's tech collective Toast.
Abdullah Snobar, executive director of the DMZ tech hub in Toronto, noticed the same shift and said it began about 12 months ago, after companies had been speeding to hire and borrowing money was so cheap that large salaries were even more possible. His assessment comes as Google chief executive Sundar Pichai told staff Friday that his company would be“Over the past two years we've seen periods of dramatic growth,” he said in an open memo announcing the cut.
They followed other prominent tech companies like Shopify Inc., Meta, Netflix, Lyft and Stripe, which conducted layoffs over the last year. A 2018 study based on the LinkedIn profiles of graduates from the universities of Toronto, British Columbia and Waterloo in 2015 and 2016 revealed 66 per cent of software engineering and 30 per cent of computer science students were leaving Canada for work after graduation.
The layoffs may “keep more Canadians within Canada” because U.S. companies must abide by a different set of payroll, compliance and tax laws, when hiring outside the country they are incorporate in, McNeelands said.
Just tech employers if that, people are still gonna want a living wage with 1 bedroom going for $2500 nobody's working for peanuts
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what the fuck is this
Canada tech wages have never increased on pace with either inflation or the US market. The same top-tier tech engineer jobs will average 120k-150k (CAD) in Canada, in the US it's more like 175-200k (USD). That isn't a gap, that's a chasm.
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