Daily Archives: September 19, 2024

Investors who lost money on ZoomInfo Technologies Inc.(ZI) should contact Levi & Korsinsky about pending Class Action – ZI

Investors who lost money on ZoomInfo Technologies Inc.(ZI) should contact Levi & Korsinsky about pending Class Action – ZI – Technology Today – EIN Presswire

DXC Technology Company Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – DXC

DXC Technology Company Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – DXC – Technology Today – EIN Presswire

5 Tech Jobs That Make $100,000 Or More Per Year

The technology industry continues to be a hotbed of opportunity, with the United States Bureau of Labor Statistics projecting faster-than-average growth in computer and information technology occupations, with an estimated 356,700 annual job openings until 2033.

This high demand for tech talent has intensified competition among employers, leading to increased salaries and innovative compensation strategies.

Equity or stock options are frequently included in pay packages offered by tech companies, particularly startups. These can potentially become highly lucrative in successful firms, sometimes adding substantial sums to an employee’s overall remuneration.

Larger public tech companies commonly offer stock grants, often as restricted stock units. This practice serves to both attract and retain skilled professionals while ensuring their interests align with the company’s performance. For many in the tech industry, particularly those in senior positions, stock grants can constitute a significant portion of their total compensation. In some instances, the value of these grants may surpass the employee’s base salary.

To encourage long-term commitment, stock grants typically include vesting periods, often spanning four years. This structure acts as an effective retention strategy for tech firms.
However, while stock grants offer the possibility of considerable financial gains if the company thrives, they also carry inherent risks, as the value can vary significantly based on fluctuations in the company’s stock price.
Jobs That Earn Over $100,000 In Tech
From seasoned software engineers to emerging roles in artificial intelligence and machine learning, the tech landscape is ripe with six-figure job prospects.

As digital transformation accelerates across sectors, professionals with in-demand skills in areas such as software development, data science, cybersecurity and cloud computing are particularly well-positioned to secure high-paying positions.

Landing these coveted positions often requires a combination of advanced technical skills, relevant experience and sometimes, specialized education or certifications.
Here is a list of five promising tech careers that can potentially earn you $100,000 or more, according to Levels.fyi, along with the qualifications and educational requirements needed to break into these roles.

1. Backend Software Engineer
Median Total Compensation: $180,000
Job Summary: Back-end software engineers craft the essential infrastructure that drives web application functionality. Their domain encompasses servers, databases and applications, with a focus on ensuring smooth and efficient operations.
In contrast to their front-end counterparts who concentrate on the visual and user-interactive elements, back-end software engineers are primarily concerned with the operational aspects and performance of digital platforms. Their coding expertise is applied to manage crucial tasks such as data management, information processing, user authentication and cybersecurity measures.
Qualifications: A bachelor’s degree in fields such as computer science, software engineering, network engineering and security or information technology provides foundational skills in back-end programming, software design, computer architecture and web development. However, It is possible to pursue a career as a backend software engineer without having a formal degree. Bootcamps can prepare you for employment in six to 12 months and are significantly more affordable than a traditional university education.
2. AI Researcher
Median Total Compensation: $180,000
Job Summary: AI researchers are experts devoted to pushing the boundaries of artificial intelligence through systematic study and testing. Their mission is to tackle intricate AI challenges, expand scholarly understanding and uncover groundbreaking ways to apply AI across diverse fields. These specialists conduct in-depth investigations to enhance and revolutionize current AI frameworks. Their responsibilities span from crafting sophisticated algorithms to executing data analysis and leveraging machine learning strategies to address practical issues.
Qualifications: AI researchers typically possess a Ph.D. or equivalent experience in computer science, AI or a related technical field. They demonstrate their expertise through extensive AI research experience, often evidenced by publications in renowned journals. Proficiency in programming languages such as Python, Java or R is essential for their work. These professionals also bring a deep understanding of machine learning, neural networks and computational statistics to their research and development efforts.
3. Network Engineer
Median Total Compensation: $201,000
Job Summary: A network engineer, also known as a network architect, designs and implements computer and information networks, including local area networks, wide area networks and intranets. They provide input on companywide security, hardware and software decisions. Network architects plan and execute the layout of cables and other required components for network systems.
Qualifications: A network engineer must have a bachelor’s degree in computer science, information systems, information technology or related fields. This will give the candidate an in-depth understanding of network security and database design. There are also certification courses, such as CCENT, CompTia A+ certification and VMware Certified Professional that can help you land a network engineering job.
4. Quantitative Researcher
Median Total Compensation: $202,300
Job Summary: A quantitative researcher, or quant researcher, in technology typically refers to a professional who applies advanced mathematical and statistical techniques to analyze data and develop models for tech companies. Quant
Quant
researchers play a crucial role in developing cutting-edge algorithms and models that drive innovation in areas like AI, machine learning and data analytics. Their work often forms the foundation for new products and features. They are able to predict future patterns, assess potential risks and fine-tune strategic approaches.
Qualifications: Aspiring quant researchers typically begin their journey with an undergraduate degree in fields like mathematics, statistics, computer science or engineering. A crucial skill for these professionals is proficiency in coding languages such as Python, R or MATLAB. These programming tools are essential for their work, serving as the primary means to handle data, conduct statistical evaluations and construct models. This technical expertise allows quants to effectively process large datasets and create complex quantitative frameworks.
5. Technical Product Manager
Median Total Compensation: $243,000
Job Summary: Technical product managers transform a product vision into reality by collaborating with teams to develop and refine its design features. They are responsible for creating and managing product roadmaps, coordinating with different teams to ensure that the design elements of a product effectively address user needs.
Qualifications: Most technical product managers hold a bachelor’s degree in software engineering, computer science or a similar technical discipline. The career path often begins with a position as a junior software engineer, progressing to a senior software engineer role. From there, professionals may advance to become engineering managers or transition into technical product management. It’s uncommon for individuals to step directly into technical product management without first demonstrating their capabilities in a technically-oriented position.

David Collins: The Trudeau government’s tax on American tech giants is a lose-lose for consumers and the Canadian economy

In what could be a messy battle, with Canadian consumers and entertainment producers caught in the crossfire, the United States is predictably challenging Canada’s new Digital Services Tax (DST) on American tech giants.
On August 30, the United States Trade Representative (USTR) launched a complaint against the DST (which went into force in late June) under the Canada-United States-Mexico Agreement (CUSMA)—the trilateral trade deal finalized during the Trump administration that replaced NAFTA from the 1990s.
The federal government created the DST to combat the perception that the world’s biggest tech companies are not paying their fair share of tax; since the tech companies operate in cyberspace, they are able to locate in low-tax jurisdictions while serving clients around the world, including in Canada, where they are largely untaxed.
A multilateral treaty, crafted under the auspices of the Organization for Economic Co-operation and Development, was intended to address this issue, but it has not yet materialized. The Trudeau government could not wait and went ahead with the DST on its own, despite warnings it would anger our largest trading partner.
On its face, the DST applies to large businesses, both foreign and domestic, that meet both of two revenue thresholds: total global revenue of €750 million or more in a fiscal year; and greater than $20 million in earnings in Canada in the calendar year. The tax applies at a rate of three percent on profits over $20 million.
A particularly nasty feature is that the DST applies retroactively for revenues earned since Jan. 1, 2022; billions of dollars are already payable.

There are four DST revenue categories: online marketplace services, which would appear to target companies like Amazon; online advertising services, which catches Alphabet (Google) and Netflix; social media services, for Meta (Facebook and Instagram); and finally, user data revenue (Amazon, Alphabet, and Meta could all owe in this category, along with other giants like Apple).
Since the DST appears to only affect American companies, the U.S. is justifiably concerned the legislation is discriminatory.
Interestingly, in bringing the claim against Canada, the USTR mentioned the services chapter of CUSMA specifically as the source of its rights. The services chapter prohibits discrimination between services or services suppliers, either foreign versus local or among foreign companies from different countries.
The scope of these obligations is fairly broad, prohibiting less favourable treatment accorded to other services and service suppliers that are in “like circumstances.” Whether treatment is accorded in “like circumstances” depends on a range of factors, including legitimate public welfare objectives.
Accordingly, Canada might assert that the equitable and effective imposition and collection of taxes on digital service suppliers is such an objective. But the design of the DST, which appears to single out American companies, would surely weaken this claim. The U.S. case would be strengthened by the demonstration of some injury to the companies involved—not just in the form of their paying more tax, but ideally also that Canadians had reduced their consumption of their services.
Oddly, although the USTR’s press release did not mention it, CUSMA also includes a digital trade chapter. The U.S. might assert the DST violates the digital trade chapter’s prohibition on duties on electronic transactions. However, that obligation expressly does not preclude a party from imposing internal taxes, fees, or other charges on a digital product transmitted electronically “provided that those taxes, fees, or charges are imposed in a manner consistent with this Agreement.”
While the DST is a tax, and therefore seems excluded, the U.S. may claim that it has not been applied in a manner that is consistent with CUSMA because of its discriminatory nature, as alluded to above.
Canada might seek to defend the DST based on the “direct tax” exception, incorporated into CUSMA services chapter as a transplant from the World Trade Organization General Agreement on Trade in Services. But most commentators agree that digital services taxes are not direct taxes (imposed directly on the taxpayer, like income tax) but rather indirect (levied on goods and services).

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International Trade Minister Mary Ng, right, looks on as U.S. Trade Representative Katherine Tai speaks during a joint news conference in Ottawa, May 5, 2022. Adrian Wyld/The Canadian Press.

Another conceivable means of responding to the U.S. challenge might be on the basis that the DST involves “cultural industries,” which are exempt from CUSMA. If it uses this line of defence, Canada will need to craft an argument that U.S. online services are somehow undermining Canadian culture—plausible in the case of Netflix, for example, which carries predominately U.S. and international content.
If the U.S. complaint proceeds to a formal dispute and Canada loses on the basis that the DST is discriminatory against the U.S., Canada will have to bring its legislation into conformity with CUSMA, and eliminate the discriminatory element.
Should Canada lose and fail to comply, the U.S. could retaliate with tariffs on Canadian services or goods, even in unrelated sectors. The ensuing trade war would be damaging for U.S.-Canadian relations, not to mention harmful to the Canadian economy. It is difficult to see how the Trudeau government did not see this coming.
Even if Canada were to win, the result would still be negative. Either the big American tech companies will pass on the cost of the tax to consumers (higher prices for your Amazon Prime or Netflix subscription), or they could reduce their presence in Canada. Meta famously blocked access to news on Facebook and Instagram in response to a Canadian law mandating that tech giants pay Canadian news outlets for news.
It could also spell the end of Canadian content on these platforms—no more Heartland or Schitt’s Creek on Netflix. Price hikes, reduced consumer choice, harm to the Canadian entertainment industry—the DST has very little to recommend it.
Resorting to CUSMA to resolve grievances regarding the DST represents a failure of diplomacy. The U.S. had engaged extensively with Canada over the last few years when the DST was still a proposal. The retroactive nature of the tax surely indicated that the American response would be swift.

The Trudeau government, which has enjoyed warm relations with the Biden Administration, may have felt that the U.S. would not respond, perhaps due to the distraction of the upcoming election.
Consultations will continue for the next 70-plus days before a formal dispute is launched through CUSMA’s Chapter 31. CUSMA disputes can take many years to conclude and the agreement itself is up for review in 2026. So, there is a chance the dispute could be discontinued if the rules themselves were revised.
USTR Katherine Tai emphasized the need to continue negotiations for a global tax treaty to deal with digital services, which are fast becoming a critical element of the global economy.
U.S. preference for trade multilateralism is encouraging and in many respects is a throwback to an earlier era of globalized rulemaking. But this approach, while welcome, is at odds with American refusal to rehabilitate the WTO’s failing dispute settlement system.
It is difficult to imagine a multilateral digital services tax, or functional digital trade rules of any kind, without an effective enforcement mechanism at the international level.

David Collins

David Collins, a senior fellow at the Macdonald-Laurier Institute, is a professor of international economic law at City, University of London and was nominated for the roster of panellists for NAFTA’s (now CUSMA) trade remedies.