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The market crash happened in mid March, and immediately started to recover. I don't think that had anything to do with it.
by pmiller2 6y ago
The market crash happened in mid March, and immediately started to recover. I don't think that had anything to do with it.
- asveikau 6y agoI haven't been looking but I am not under the impression that hiring has bounced back. Didn't I see articles saying some big cos had a hiring freeze for at least the rest of the year? And with the market flooded with big layoffs from businesses hit hard by lockdowns (Uber, Airbnb, probably others), whatever jobs are available probably have more competition than usual. Although perhaps enough time has passed so that the dust has settled for people affected.
- pmiller2 6y agoI don't really have a good sense of whether hiring has "bounced back" except based on the volume of LinkedIn messages I get, which seems to have remained about the same (I haven't actually gone and checked). But, it's not clear to me that, within the tech industry, enough people got laid off that it would have made hiring measurably more competitive.
- nsl73 6y agoNew unemployment claims are consistently dropping. The labor market isn’t as good as it was February, but it’s much better than it was in April.
- cortesoft 6y agoI think a lot of companies have really cut back on hiring, even if the market bounced back.