5 ms·

I have had a kind of similar experience. 5 years experience, feel underpaid so started looking for a job. Did hired.com, was contacted by about 20 companies. Th

I have had a kind of similar experience. 5 years experience, feel underpaid so started looking for a job. Did hired.com, was contacted by about 20 companies. That turned into 5 phone screens, 0 on sites. 2 of the phone screens said I passed and were going to schedule an onsite but ended up ghosting me. I also applied to about 10 other places directly but never heard back from any of them. Got contacted by Meta but then they cancelled my interview. Weird to me that everyone is saying that it is a white hot market but I can't even get an onsite.

ZephyrBlu 4y ago
It was a white-hot market last year. Now a lot of large startups are laying off staff and some companies are implementing hiring freezes. For example, Meta probably cancelled your interview because they now have a hiring freeze on E5 (Senior) and below.
- ChuckNorris89 4y ago
  Is this due to the interest rates hikes?
  - ZephyrBlu 4y ago
    Well, the root cause is likely the interest rate hikes but the proximate cause is that the economic environment has become drastically worse in the last ~6-9mo. Tech stocks are down a ridiculous amount and funding for startups is now much harder to come by. Probably other factors I don't know about as well.
    - ChuckNorris89 4y ago
      >Tech stocks are down a ridiculous amount Any idea why that happened? Were they overvalued and the bubble finally burst? For stocks like Netflix I understand why, that's obvious, but for the rest, I'm kinda scratching my head.