Tell HN: Current WFH trend (part 2)
I wanted to follow up on my previous post - https://news.ycombinator.com/item?id=27696235 My latest observation at my current company which is "fully-remote": 75% of the new headcount is out of US. Total compensation offered in foreign countries is much cheaper (35-60% lower depending on Canada vs EU vs LatAm vs Asia) than even the lowest pay-tier US regions. Bulk of the gains are flowing to the company's revenue bottomline, and thus to the biggest shareholders (Capital class). A small fraction of those gains is coming to the rank-and-file's pocket via the increased value of their meagre RSUs. To address a big point raised in the previous thread about outsourcing, when we have been trying that since 2000's and why is it a big deal now - with previous rounds of outsourcing, entire project was shipped to a different country. There were neither any &q
Why it failed
I wanted to follow up on my previous post - https://news.ycombinator.com/item?id=27696235 My latest observation at my current company which is "fully-remote": 75% of the new headcount is out of US. Total compensation offered in foreign countries is much c
- Kind
- startup
- Status
- Shut down
- Inventor
- RestlessMind
- Ended
- 2022
- Source
- hackernews