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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Aging in tech, the truth. When my hair started to go white at 40, I dyed it for many years. My sole reason was to avoid looking too old at work.
A reader asked:
"I’m a product manager leader in the tech industry. I’ve spent time at small companies and larger ones like Amazon. One thing I have seen is the age of employees ICs, managers, executives. As a male in his 40s who wants to continue excelling in the corporate world / climbing up the ladder, what are skills to help keep relevant in an industry that may have bias towards older demographics?"
This topic has many Truths:
1/ Yes, there is age bias and some people assume older workers "no longer get it" or "can't keep up."
2/ The reader is male, but the focus and appearance pressure on women are higher. A remarkable woman I know was given “helpful advice” by HR (no less) as to what facial fillers and treatments would help her career.
3/ Age bias cuts both ways. Being a "gray hair" can imply seniority and wisdom.
What can you do about these biases? 4 things:
1/ Reduce with familiarity.
Those who know you and your work will not see your age, they will see your ability. An older worker has had more time to build your network and your connections. If you seek a promotion or a new job, seeking it through trusted colleagues who know your work will reduce the impact of bias. BUILD YOUR NETWORK!
In 2015, I went from leading a global team of 800 to an individual contributor (IC) role.
I want to share why and what I learned (spoiler: how to influence instead of giving orders).
Over a 10-year span at Amazon, I had grown from leading a team of 6 as a Senior Manager to leading a team of 800 as a Vice President. I had teams in Seattle, Orange County, Bangalore, and Beijing.
By the end of this period, I was burnt out from the scale, stress, and challenges.
First, I made a decision that pursuing a promotion to the next level at Amazon, Senior Vice President, was not a goal.
The Amazon “secret” of controllable inputs for your career.
When Jeff Bezos and his team figured out how to make Amazon grow quickly, one of their key ideas was to focus on what they called the “controllable inputs.”
Applying this same idea to your career can help you have more success with much less frustration.
What Jeff realized is that many companies and their leaders focus on the final outputs of the business.
They obsess about the total amount of sales they make or the profit they realize. These are the things that are easy to measure and that get reported in the newspapers.
#OpenAI and CEO Sam Altman have hidden problems. CTO Mira Murati is leaving, after co-founders Ilya Sutskever and John Schulman left.
I do not know Sam Altman, but I do know executive teams.
Executives only leave a wildly popular "unicorn" that supposedly has a $150 Billion valuation as a last possible resort.
One person might leave purely for ideology.
But most people, with billions on the table, stay in jobs they hate with people they hate doing work they hate if that is what it takes. They aren't called "Golden Handcuffs" for nothing.
Remember, Sam Altman was already fired/unfired once.