this post was submitted on 16 Jul 2023
68 points (100.0% liked)

Canada

7416 readers
415 users here now

What's going on Canada?



Related Communities


🍁 Meta


πŸ—ΊοΈ Provinces / Territories


πŸ™οΈ Cities / Local Communities

Sorted alphabetically by city name.


πŸ’ SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


πŸ’» Schools / Universities

Sorted by province, then by total full-time enrolment.


πŸ’΅ Finance, Shopping, Sales


πŸ—£οΈ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
 

Canada saw an intake of over 30,000 foreign tech workers within the last year, according to a new report from the Technology Councils of North America and Canada's Tech Network.

you are viewing a single comment's thread
view the rest of the comments
[–] sbv 16 points 2 years ago (3 children)

The top five [hiring companies] includes financial institutions such as TD, RBC, and Scotiabank, along with Amazon and Bell.

It would be interesting to know what roles the banks are filling with these newcomers.

[–] [email protected] 10 points 2 years ago (1 children)

You might be surprised how inefficient banks can be when it comes to tech. As years go by I see an increase of tech workers but a decrease of experienced or competent ones. My view is those competent tech workers tend to be more expensive than Canadian companies are willing to pay, thus end up hiring 10x the staff. The banks simply have more money to waste that way and thus are doing so by hiring a lot of tech workers.

[–] sbv 6 points 2 years ago (1 children)

The article doesn't provide enough context to say.

There is also the possibility that they're being swallowed into the great fintech pachinko machine.

[–] [email protected] 3 points 2 years ago

... second only to the HR pachinko machine in terms of size and complexity?

[–] [email protected] 9 points 2 years ago (1 children)

If they're like most places, they're going to front-line support and/or front-line development.

Banks and other institutions with a massive legacy codebase and/or infrastructure are keenly aware of how much it costs them to maintain, COBOL code on zSeries. They'd very much like to replace the currently-irreplaceable mainframe wizards with interchangeable "full stack developers" that they can outsource or subcontract to.

There's a lot of Gen-X and Millenial managers that really struggle with having whole chunks of their infrastructure that they can't commodify (source: am a Gen-X IT manager). Part of this is a legit concern: COBOL+zSeries or RPG+iSeries devs are not exactly common, and they take a long time to train up. Senior architects are even rarer, and most of them are a heartbeat away from their, ahem, last promotion, so it makes sense to try and move that you can to something that you can more easily support.

The other part of this is that there is a type of insecure douchebag manager that hates having indispensable employees, and there's nothing as indispensable as the greybeard who knows the COBOL code that your billion-dollar company runs on.

[–] sbv 4 points 2 years ago

Agreed, we can make assumptions, but it would be cool to have accurate stats.

It would be interesting to know if these employees helping improve Canadian productivity by building new products and services that being money in, it are they support that has little to no positive impact, while discouraging innovation?

(I suspect you're right, btw)

[–] [email protected] 6 points 2 years ago* (last edited 2 years ago)

Also interesting would be knowing what those "tech" roles are.

Sometimes first line call center is labelled as tech.

Which is a much different role than engineering, or installing, or maintenance or coding - which are the types of roles I typically think of as "tech".