this post was submitted on 22 Dec 2023
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Over twice market rate for a Toronto DevOps job, how to find the catch? (web.archive.org)
submitted 9 months ago by [email protected] to c/[email protected]
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A Toronto-area recuiter has mentioned a suprising amount of money for what appears to be a run of the mill cloud-aware ops job.

Berachain offers generous salaries ($400k) as well as STRONG Token Equity Packages ($300k p.a.) and amazing team culture, with an office based in Toronto

(Obvious answer is that the actual offer is lower, of course.)

I'm figuring the catch is something less obvious than:

Assuming for this post that this was a $400,000 salary with the usual corporate addons, how would somebody go about finding the catch that the salary is the red flag for?

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[โ€“] [email protected] 8 points 9 months ago (1 children)

All the reasons mentioned are true, and also I think there could be a more insidious one.

Back in the day, walmarts were really good at showing up in small towns, reducing their prices to a massive loss (unsustainable), drive out the small town's other retail options, then jack prices back up the moment they become dominant and control the market.

I understand Canada isn't a small town, but the field of DevOps/Infrastructure engineers with relevant skills that would work in an office in Torronto? Leverage your fictional pile of investment from tether to temporarily take losses on labor to squeeze the market, then dump / downgrade the value of labor as soon as conditions are more favorable.

This is in many ways way the major tech companies do all the time: overhire cynically not because the extra hands have meaningful projects, but precisely because they don't want upstart competitors from any of the talent.

[โ€“] [email protected] 4 points 9 months ago

so the main thing protecting us from this from crypto bros is that they are not capable of planning that far ahead