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> The industry is immature and is bottom heavy.

Depending upon your sub-sector of IT it can be completely inverted from that where there's far, far too many layers of management around maybe a handful of individual contributors. This is typical for most sub-fields of enterprise software that attract and retain a lot of non-technical people because the business requires interfacing with a culture of primarily non-technical-first customers. These companies tend to become the opposite of an IC-heavy IT shop - way too much positivity and a ton of stereotypical sales personalities (to be fair, the most common profession in the US specifically is salesperson). In fact, a lot of what the movie Office Space entails is what engineers at such an environment would go through in enterprise software and still does today, not what popular culture currently thinks of tech companies in the past 15 years.




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