A Big Tech contractor thought he'd found the ideal full-time job at a $1 billion startup — then got laid off. He's a temp employee again, but now thinks his job is more secure.
Much of Big Tech's workforce is temporary, but full-time startup jobs aren't so permanent, either.In less than a year, Oyster went from celebrating $150 million in funding to conducting layoffs.
"Tech is kind of brutal," he said."There's a lot worse places to work, but yeah, it's not great for workers."who hop from company to company in periodic stints. For these temporary workers, job security has long been illusory. He did notice a few cracks underneath the surface. For instance, while the company professed a commitment to eliminating salary disparities according to geography, he said he and his colleagues noticed significant gaps in pay depending on where employees worked. In a statement, an Oyster spokesperson said the"compensation policy is not location agnostic, but it enables us to offer highly competitive compensation based on local costs of living and salary norms across disciplines.
An Oyster spokesperson said the company offered all impacted staff the opportunity to apply for any role opening in the first half of 2023, before becoming publicly posted, which included positions in the sales, legal, product, and customer success teams. A number of impacted staff found a new role and stayed at Oyster resulting in only 8% of staff leaving the company, the spokesperson said.
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