Tech workers lower salary expectations amid economic uncertainty
http://www.mercurynews.com/business/ci_29724222/tech-workers-lower-salary-expectations-amid-economic-uncertainty
Silicon Valley tech workers are lowering their expectations as they see signs of trouble from some area companies, according to a new study.
The average salary sought by engineers and other tech professionals dropped by almost 13 percent in the first quarter of 2016, according to data provided by job-hunting platform Woo. Workers asked for $142,174 in the fourth quarter of 2015, compared with $124,285 in the first quarter of this year. That data comes from information submitted by about 5,000 tech workers who use the platform, mostly in the Bay Area and New York....
Woo Chief Marketing Officer Nimrod May said the uncertain climate in Silicon Valley has made tech workers more willing to compromise on salary in order to find a job.
"The general feeling is that something might happen," May said. "We're all traumatized by what happened in 2008."
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