bonez profile picture
bonez profile picture

bonez

Account Executive

Politicker
Arsonist
Executive
+8

Golden age of tech jobs over?

This article seems is a bit bonkers in how it treats Marc Benioff. 
I don't agree with this article but want to see what the crowd thinks. To me it's a signal that sales people have to deliver value and not just talk about their VC investments and how they "change the game". Now you have to show it. 
What's the crowd think? Is the golden age over? 
https://www.bloomberg.com/news/features/2023-12-07/salesforce-jobs-become-less-about-perks-after-layoffs Salesforce Signals the Golden Age of Cushy Tech Jobs Is Over Marc Benioff’s famously employee-friendly company is becoming more Darwinian—and providing a new model for Silicon Valley.
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Sunbunny31
Politicker
6
Sr Sales Executive 🐰
hahahahahahaha
Considering that the initial wave of cushy jobs vanished in the dotcom bust...and came back with a vengeance...
hahahahahahaha
oldcloser
Arsonist
4
💀
I had one of them originals. It blew up hard. Then.... yeah
Sunbunny31
Politicker
3
Sr Sales Executive 🐰
Yeah, been on this ride a few times myself.
Those cushy perks - not all that important, tbh.
bonez
Politicker
3
Account Executive
We are basically having the same reaction to this. Feels like in 08-09 when cushy office jobs were gone forever and no one’s 401k would ever recover.
Sunbunny31
Politicker
5
Sr Sales Executive 🐰
Yep, so 2001-2002, 2008-2009, now 2022-2023. It's almost like there's a pattern here.
bonez
Politicker
3
Account Executive
Doom and gloom gets more clicks than reality.
HVACexpert
Politicker
2
sales engineer
Truth
jefe
Arsonist
3
🍁
I feel like this is one of those 'same old story' things that will just keep cycling through.
'Journalists' are very lazy these days.
Sunbunny31
Politicker
3
Sr Sales Executive 🐰
I swear we are all collectively suffering from memory loss in addition to our short attention spans.
jefe
Arsonist
4
🍁
10..SQUIRREL..0%
HappyGilmore
Politicker
6
Account Executive
Just read the article, maybe over-hiring wasn’t the best strategy for salesforce back in the day but we’ll see how things rebound
Sunbunny31
Politicker
5
Sr Sales Executive 🐰
Salesforce is far from alone in overhiring. It infested many of the big tech companies - they were all about ensuring no stone went unturned, and that meant having a large, and largely starving, sales department. I hope that mentality is evaporating. It will mean fewer sales jobs, but it will also mean that the jobs left will be better.
HappyGilmore
Politicker
4
Account Executive
Totally agree, has affected even private companies too within SaaS. Think companies got greedy once they saw massive profits roll in and overhired to maximize that. Once the well dried up not only did they have to let a lot of people go but in turn recalibrate the long term revenue goal and strategy
youngsmoky
Celebrated Contributor
4
Senior Account Executive
My small company nearly did this - in Q2 we were riding high and one of the owners told me our sales floor cubicles would be full by fall. They were maybe 20% full then. Then they put all this money into a new marketing team and Q3 was absolute dog shit. Q4 were recovering but only closing about 60% of what we were projected to.

I’m mad we had a bad quarter, but glad they didn’t start packing the floor only to lay everyone off. They only hired 2 people and let 1 go because he wouldn’t stop taking calls for his side business all day.
Sunbunny31
Politicker
2
Sr Sales Executive 🐰
And let that be a lesson for all those thinking they can hold down two jobs that have the same hours.
youngsmoky
Celebrated Contributor
3
Senior Account Executive
At least not for an in-office job!
Sunbunny31
Politicker
2
Sr Sales Executive 🐰
Clearly not. That was risky!
Justatitle
Big Shot
5
Account Executive
The moment interest rates begin declining, this is going to get really fun…
GDO
Politicker
3
BDM
yeah the volatility is crazy right now
Space_Ghost20
Valued Contributor
4
Account Executive
It's probably over for me because I don't see myself getting hired ever again. But in general? No. Things go in cycles.
Sunbunny31
Politicker
5
Sr Sales Executive 🐰
Hang in there! I got let go in the dotcom crash, took a year to find anything at all - and it blew. But that job introduced me to a colleague that got me back into a great company when he moved over and was asked to recommend someone. It can happen!
CuriousFox
WR Officer
5
🦊
I love a happy ending 🤩
Sunbunny31
Politicker
3
Sr Sales Executive 🐰
I wish I hadn’t been obligated to go through the absolutely sucky part first, but yeah! Bad things can lead unexpectedly to great opportunities.
HVACexpert
Politicker
3
sales engineer
Like we always say in here, it’s about who you know
Kosta_Konfucius
Politicker
2
Sales Rep
Pay wall, damn
bonez
Politicker
2
Account Executive
My bad man. I think there’s a 12 foot ladder you could climb.
bonez
Politicker
2
Account Executive
Oop never mind. They took it down. Nvm. Sorry about the paywall!
youngsmoky
Celebrated Contributor
2
Senior Account Executive
There’s a one foot ladder that works pretty well! Not on a lot of paywalls unfortunately.
pirate
Big Shot
1
🦜☠️ Account Executive
When's it ever been golden lol
BitcoinAddict
Opinionated
1
AE
I think the ones hurt most will be entry-level guys such as BDRs making it to AE.
AchillesOfAdTech
Valued Contributor
1
Account Director
It's all over. We should go back to school, make our parents happy, and add "MD" to our names.

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