Big tech jobs are not what they were. Amazon made my career and "my life", but things have changed. Here is the good, the bad and the ugly of today’s big tech job options:
(1) The Good
- Great Comp.
People may want more, but tech worker pay dwarfs everyone except Wall Street traders.
- Incredible platforms for scale and impact.
What you work on will be seen and used by millions, possibly billions. A lousy feature from Google or Meta will get 100x the traffic that a startup would sell it's imaginary kidney to have.
- Slow but consistent growth over time.
Put in the years and you can get the levels and the pay.
(2) The Bad
- Slow but consistent growth over time.
The days of adding tens of thousands of employees are gone. Amazon grew 100x in my 15 years there, and the stock went up 9082% (I checked).
Revenue has grown 67x since I started. Another 67x would make Amazon's revenue larger than the US Gross Domestic Product. It simply cannot happen again.
- Rocket-ride careers are largely over.
The exception is if you happen to get in early to a hot new division, but your odds of this are no better than finding the next unicorn startup.
- Increasing bureaucracy.
Every person I coach across Apple, Google, Meta, Amazon, Microsoft, etc. tells me of policies, politics, and waiting lists around progression.
(3) The Ugly
- Most of big tech is either still laying off or not hiring. The pre-pandemic hiring sprees are still being washed out in the name of efficiency.
- For most of these companies (not all), there is increasing return to office pressure.
- Big tech still has worse-than-average diversity stats.
Who can benefit from big tech jobs today:
(A) People well along in their careers looking for stability and a fat paycheck. You can put the career on cruise control, add a blue chip line to your resume, and pay off the mortgage/college tuition with the comp.
(B) New graduates. Spend a couple of years getting that blue chip resume line and exposure to the tools, scale, and thinking. They may no longer be fast and agile, but they are massive and powerful. They are like battleships. They can't turn fast, but they are nearly unstoppable.
(C) People like me (at the end) - Those looking for a line of sight to "retirement" or a second career of their choosing.
Who should leave or look elsewhere:
(D) Those who can afford higher risk / lower short-term compensation that comes with the potential to grow faster.
(E) Anyone who cannot stand being part of a large, slow system.
(F) People who have already gotten any "scale" and "top performer" credentials they wanted from a big tech job. Now that you have the "credential", you can "graduate" to something with less overhead and more potential.
Readers- Thoughts about the state of big tech careers?
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Achieving true work/life balance requires escaping the corporate trap.
Here are 5 ways you can escape at any point in your career:
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First, let’s understand how the trap works. It starts with our own goals and ambitions. In my career, I wanted more responsibility and more compensation. This led to more work and more stress. If you follow my writing, you likely have similar ambitions. You want to grow, be the best at what you do, and be compensated for it.
The second part of the trap is corporate design. Companies have a simple goal: Increase shareholder profit. This means increasing revenue and reducing costs. The easiest way to do that is to get more work out of the people who already work for the company.
This structure is fueled by our ambitions, and our professional growth often correlates with the growth of the companies we work for.
The "bad leader" who is frustrating you does not think they are "bad." You must accept this in order to navigate those relationships. "Bad" leaders have different values and think of you as "naive" and themselves as "practical." Labeling them EVIL in all capital letters and expecting them to change is foolish.
My takeaway saying you can remember is:
"We are all heroes of our own story."
Here are some key actionable lessons:
1) The human mind is incredible at rationalizing things
I was born and raised on a farm in a small town in Ohio. I've worked to get H-1B visas and green cards for my team members my entire career. There are three simple economic arguments for increasing legal immigration by highly educated workers:
1) If another country pays to raise and educate a child through college and that young person then moves to the US, we just gained a fully mature tax payer at zero cost. All the news about student loans? In this case, another country paid for that education. They bore all the costs, we get all the benefits.
2) Education in most countries that send us H-1B candidates is incredibly limited and highly competitive. The result is, only the absolute cream of the crop in those countries gets a chance to apply for an H-1B. We are literally stealing the very best from other countries. To stop that would be suicidal madness.
"In 20 years only your children will remember that you worked late" — This quote SHOULD make you think.
Over my career, I've been a part of many close teams. Teams that worked hard together, ate lunch together every day, and attended social events together.
I've also worked long hours for every company I have served. Evening and weekends.
I am sure that most readers who follow me are the same. You heed the call of the project and the deadline, you do not let teammates down.
But, let me give you data from the far side of retirement you do not yet have.