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Comment by julienfr112 | Hacker News Reader

I work for banks, and I can tell you that when you are doing devops with their "own cloud", you are miles away from a real cloud experience : no os choice, no hardware choice, slow provisioning, no access to repo, low and inconstant virtual disk (EBS) speed... I guess that you get what your paied for, and maybe the 2B saved on cloud are spend on IT service that suffer from such a poor own cloud experience. If they have 50 000 IT employees payed 100k, that's 5b a year. Including professional services and you are maybe at 10b. Just increase the productivity of this 10b by 20% and the money "saved" is not such a good deal...

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Probably more than half of the engineers writing the code for their cloud are either based out of india, making 40k a year, or in the USA, making 50% of the market rate.

> no os choice, no hardware choice, slow provisioning

These are probably positives from large org internal perspective.

"We want to switch x from y to z." "We can't. In fact we want to switch u from z to y."

> If they have 50 000 IT employees

BofA has 205k employees in 2019 as per Wikipedia. No way 1/4 of them are in IT.

I was surprised by how many IT employee there are in banks. But please, provide your own estimation.

Having worked at several banks, I would not be surprised at all if a 200k employee bank had 50,000 developers.

If you work at a bank that uses real cloud services (AWS and Azure in my case), they still lock down most of the options. They want control, ease of maintenance, and most of all: auditability. More options creates more overhead. Simple is good.

I did recently wonder if it made sense for banks to put all their stuff on other people's computers, instead of maintaining their own, but for the bank I work at, the old on-premise systems are maintained by IBM and ridiculously restrictive, so either AWS or Azure is already a massive improvement.

50,000 engineers just to run a bank? I don't think so.

250,000 engineers at JPMorgan.

There are ~250k employees at JP Morgan, not engineers.

https://en.wikipedia.org/wiki/JPMorgan_Chase

s/employee/engineer/2

(Note the 2.)

What tool is this for? Sed?

I've copy pasted it before, but i think you just made the syntax click

Yep, sed supports that syntax (substitute). echo 'There are ~250k employees at JP Morgan, not employees.' | sed 's/employees/engineers/2'

Thanks :)

Oh yeah, 40k engineers, apologies

JP Morgan has about 50k "engineers."

A lot of them are managers, analysts, or people who work with tech, but aren't all trained software engineers. A scrum master is considered an engineer. They had a blanket update to a lot of their role titles a couple years back where everyone in tech suddenly became a Software Engineer as their title (without much meaning behind it).

Why not? It's a lot, but I don't see this as an unreasonable number.

They don't have any choice in public clouds either.

Exactly.

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