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I switched jobs this month and found it to be the hottest job market I’d ever encountered. That can change quickly but it hasn’t (hadn’t) happened as of a few w

I switched jobs this month and found it to be the hottest job market I’d ever encountered. That can change quickly but it hasn’t (hadn’t) happened as of a few weeks ago.

anthropodie 4y ago
I think we will need another 3-6 month to see full effect of whatever happened in last month everywhere.
nemo44x 4y ago
I think a month ago was a totally different time than today. I know of a few companies that froze most hiring (including in cases where an offer was about to go out) temporarily with the last couple weeks. Of course I haven’t sampled every company. Just a very sudden defensive position springing up more and more.
- ctvo 4y ago
  Meta very publicly announced a hiring slowdown, Netflix is introducing levels and slowing down hiring, Coinbase is slowing down hiring, etc.. Even with the above names slowing down hiring, I would guess big tech uses this opportunity to stockpile even more engineers to come out of this stronger. I don't see the competition for engineers that can pass those interviews slowing down. Startups? Yes, the cohort that raised 20+ million Series As in the last two years and spent lavishly at the height of this bull run will start being much more defensive.
  - bombcar 4y ago
    Twitter is in a freeze, so combined that puts a lot of slowdown into the market. There may be smaller/other companies running to pick up the crème of the crop before the music stops, however.
    - ctvo 4y ago
      I would wager Google, Apple, Microsoft, Amazon, et al. all are more than happy to take in the supply slack. They compete for the same engineering pool. Would love to see data to the contrary vs. us guessing at this putting a lot of anything on the overall market.
  - pc86 4y ago
    Coinbase has frozen hiring, and even if Netflix is still actively hiring they just laid ~2% of their workforce earlier this week.
    - matwood 4y ago
      > Coinbase has frozen hiring The blog entry said they are slowing hiring. While that is a big change from originally wanting to triple the size of the company this year, nothing that I've seen said they froze hiring.
  - Apocryphon 4y ago
    Meta ran into signs of trouble months ago, when the report in February announced they were shedding users for the first time. They’re ahead of the curve. Netflix use has also dropped, and the stock price has followed. Coinbase is experiencing a crypto crash. Not that any of that are disconnected from larger economic trends, but they’re also unique to each business’s segment.
  - riku_iki 4y ago
    > Meta very publicly announced a hiring slowdown their revenue may just go to other companies (tiktok, google?) which will hire those engineers.
  - gnicholas 4y ago
    NFLX may be slowing down hiring, but they also laid off 150 full-time employees, in addition to part timers and contractors: https://www.yahoo.com/lifestyle/netflix-announces-more-layoffs-time-184000905.html https://www.yahoo.com/lifestyle/netflix-announces-more-layof...
- Beltalowda 4y ago
  I'm interviewing right now, and thus far still plenty of interviews. It probably matters what kind of thing you're looking for: I mostly prefer small outfits but stay away from SF-style "venture-backed" setups in the first place. Turns out that outside of the "bubble" the economy is just churning along as usual. The position I'm most excited about now is just a small self-funded company making something useful and is making a profit (shock and horror). That said, I did have a job offer that was rescinded at the last moment (which is why I'm out of a job, since I quit my previous position – probably not the smartest move but I really hated it there, so...) but that could just be coincidence as well.
  - bckr 4y ago
    > That said, I did have a job offer that was rescinded at the last moment At what point in the process was it rescinded? Had you already accepted or even started the process of getting your equipment / Onboarding?
    - Beltalowda 4y ago
      After third interview on Friday: "I'll send a contract this afternoon, let me know what you think and when you can start". "Great, looking forward to starting!" Next Monday: "Oh sorry, no". But by then I had already quit. As I said, perhaps not the smartest move, but I hated it so much and I feel a lot happier since I quit, so shrug. It's all good; no hard feelings. These things happen. Also, should be pointed out I didn't reply to a job vacancy, but applied via an "open solicitation" through a connection. So they weren't specifically looking for someone to fill a specific role, and it was more "hey, this looks like a good developer I heard good stories about, so let's talk!"
1270018080 4y ago
I would say things have changed noticeably just in the last 2 weeks (in terms of recruiter engagement, news about funding rounds, news about hiring freezes). If you started interviewing in early April it's a lot different than now.

I switched jobs this month and found it to be the hottest job market I’d ever encountered. That can change quickly but it hasn’t (hadn’t) happened as of a few weeks ago.

anthropodie 4y ago

I think we will need another 3-6 month to see full effect of whatever happened in last month everywhere.

nemo44x 4y ago

I think a month ago was a totally different time than today. I know of a few companies that froze most hiring (including in cases where an offer was about to go out) temporarily with the last couple weeks. Of course I haven’t sampled every company. Just a very sudden defensive position springing up more and more.

ctvo 4y ago
Meta very publicly announced a hiring slowdown, Netflix is introducing levels and slowing down hiring, Coinbase is slowing down hiring, etc.. Even with the above names slowing down hiring, I would guess big tech uses this opportunity to stockpile even more engineers to come out of this stronger. I don't see the competition for engineers that can pass those interviews slowing down. Startups? Yes, the cohort that raised 20+ million Series As in the last two years and spent lavishly at the height of this bull run will start being much more defensive.
- bombcar 4y ago
  Twitter is in a freeze, so combined that puts a lot of slowdown into the market. There may be smaller/other companies running to pick up the crème of the crop before the music stops, however.
  - ctvo 4y ago
    I would wager Google, Apple, Microsoft, Amazon, et al. all are more than happy to take in the supply slack. They compete for the same engineering pool. Would love to see data to the contrary vs. us guessing at this putting a lot of anything on the overall market.
- pc86 4y ago
  Coinbase has frozen hiring, and even if Netflix is still actively hiring they just laid ~2% of their workforce earlier this week.
  - matwood 4y ago
    > Coinbase has frozen hiring The blog entry said they are slowing hiring. While that is a big change from originally wanting to triple the size of the company this year, nothing that I've seen said they froze hiring.
- Apocryphon 4y ago
  Meta ran into signs of trouble months ago, when the report in February announced they were shedding users for the first time. They’re ahead of the curve. Netflix use has also dropped, and the stock price has followed. Coinbase is experiencing a crypto crash. Not that any of that are disconnected from larger economic trends, but they’re also unique to each business’s segment.
- riku_iki 4y ago
  > Meta very publicly announced a hiring slowdown their revenue may just go to other companies (tiktok, google?) which will hire those engineers.
- gnicholas 4y ago
  NFLX may be slowing down hiring, but they also laid off 150 full-time employees, in addition to part timers and contractors: https://www.yahoo.com/lifestyle/netflix-announces-more-layoffs-time-184000905.html https://www.yahoo.com/lifestyle/netflix-announces-more-layof...
Beltalowda 4y ago
I'm interviewing right now, and thus far still plenty of interviews. It probably matters what kind of thing you're looking for: I mostly prefer small outfits but stay away from SF-style "venture-backed" setups in the first place. Turns out that outside of the "bubble" the economy is just churning along as usual. The position I'm most excited about now is just a small self-funded company making something useful and is making a profit (shock and horror). That said, I did have a job offer that was rescinded at the last moment (which is why I'm out of a job, since I quit my previous position – probably not the smartest move but I really hated it there, so...) but that could just be coincidence as well.
- bckr 4y ago
  > That said, I did have a job offer that was rescinded at the last moment At what point in the process was it rescinded? Had you already accepted or even started the process of getting your equipment / Onboarding?
  - Beltalowda 4y ago
    After third interview on Friday: "I'll send a contract this afternoon, let me know what you think and when you can start". "Great, looking forward to starting!" Next Monday: "Oh sorry, no". But by then I had already quit. As I said, perhaps not the smartest move, but I hated it so much and I feel a lot happier since I quit, so shrug. It's all good; no hard feelings. These things happen. Also, should be pointed out I didn't reply to a job vacancy, but applied via an "open solicitation" through a connection. So they weren't specifically looking for someone to fill a specific role, and it was more "hey, this looks like a good developer I heard good stories about, so let's talk!"

1270018080 4y ago

I would say things have changed noticeably just in the last 2 weeks (in terms of recruiter engagement, news about funding rounds, news about hiring freezes). If you started interviewing in early April it's a lot different than now.