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Yup, the signs of a slowdown are there. The smaller startups and companies that use these job boards have cut back on hiring as their revenue growth has slowed
by hkarthik 10y ago
Yup, the signs of a slowdown are there. The smaller startups and companies that use these job boards have cut back on hiring as their revenue growth has slowed down. The next step for them will be layoffs.
The big tech companies are still hiring but being much more selective and limiting how many they hire. By the time some of them start having layoffs, the tech economy will be in free fall for a number of months and it will be too late if you aren't prepared for it.
Many larger companies are starting to put in place policies and procedures that will limit the number of promotions, raises, and bonuses that they give out. These same actions are also intended to expose lower performers more quickly so they can be identified and managed out.
My advice is this: find ways to continue to learn and grow, and keep building skills and making things. Save for potentially long periods of unemployment, and be willing to work very hard to ensure that you're not perceived as a low performer.
Lastly, don't sweat it. These economic corrections are good thing. They can unlock a lot of latent talent, capital, and resources that are being wasted. Just be financially prepared for it and you'll be fine.
- adrenalinelol 10y agoThe sky is falling much?