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Meta very publicly announced a hiring slowdown, Netflix is introducing levels and slowing down hiring, Coinbase is slowing down hiring, etc.. Even with the abo
by 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 agoTwitter 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 agoI 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 agoCoinbase 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 agoMeta 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 agoNFLX 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...