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by alephnerd
493 days ago
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Can second this as a PM turned VC. In Cybersecurity and DevTooling we've moved the entire Engineering and Product function to Israel, India, and Eastern Europe (Czechia, Poland, Romania). We'll still fund founders in the US, but they still end up hiring in those countries instead because you can pay "Austin in 2010" salaries and get top tier talent. 20 years ago, P/L responsibility would remain in the US, but in the current iteration, even P/L stakeholders are now abroad. |
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VPs have been explicit, in writing, that we are shifting heads to lower cost geos.
Hiring has been largely halted in the US for the bulk of non-business-critical roles to shift PCNs overseas, and there have been multiple waves of US focused layoffs to motivate this further.
While offshoring has been a topic for the last 20+ years of my career, this time, since 2022 or so, feels different even vs. prior recessions, and I expect we'll see continuing erosion in the quality of engineering positions and careers.