A mega-trend that is looking to change a good part of the tech industry is the end of 0% interest rates. We previously covered what 0% interest rates

The Pragmatic Engineer

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2024-02-13 20:00:04

A mega-trend that is looking to change a good part of the tech industry is the end of 0% interest rates. We previously covered what 0% interest rates are, as well as:

What the end of this 10+ year period means for startups and the tech industry. More pressure to achieve profitability, less venture capital funding, Big Tech getting bigger, and it’s harder for startups to access funding beyond the seed stage, while bootstrapping becomes more common.

What the end of 0% rates means for software engineers. Tougher for engineers to get a job, harder to negotiate offers, less frequent promotions while performance expectations go up.

The trend of fewer engineering managers. Starting about a year ago, more companies have aimed to “flatten” tech organizations, and this means fewer middle managers and line managers.

How the engineering manager career path are changing. Managers take on more responsiblites, the job’s harder than before, and a tougher market for line manager EMs who don’t want to (or cannot) code.