4 ms·

I’m pretty sure it already has. Unicorns with a short runway doing big layoffs, “unicorns” with $600k ARR completely folding, and the big boys like Meta and Ube

I’m pretty sure it already has. Unicorns with a short runway doing big layoffs, “unicorns” with $600k ARR completely folding, and the big boys like Meta and Uber having hiring freezes. The TC may remain relatively high simply because wages tend to be sticky, but the competition for the top jobs will be tougher as the market power shifts to the tech companies that are actually profitable and can afford the top talent.

lumost 4y ago
It'll be interesting how that shakes out with legacy tech platforms. A lot of the high profit tech is built on stuff that's more than 10 years old.
- ewagsjr 4y ago
  I think this might support your point unless you dont consider this as high profit. I currently work on a monolith customer service application that did $2.8bn in sales last year (we are a high margin company but sales $ amount is the only data available to me - projected to do ~$3.8bn this year). It's built using Eclipse RCP and a microservice architecture that consumes from a mix of DB2 LUW and AS400(IBM I) lol. It's about 13 years old.
wordnerd2022 4y ago
Uber does not have a hiring freeze for engineering. They are for non tech functions. Source: I work at Uber and I’m hiring.
- mplewis 4y ago
  So y'all do have a hiring freeze?
  - effingwewt 4y ago
    Right, a selective hiring freeze is still a hiring freeze. Engineering would be the very last thing to get cut, as there will instantaneously be posts here and all over the internet. Freezing non-tech hiring is the canary in the coalmine. Like when companies start scaling back freebies. Once the downward trajectory starts it almost never reverses. I'm sure the people downvoting you know this and are simply mad you called a spade a spade.
- 01100011 4y ago
  What are the open reqs for? SWE? DL? I think for some highly sought-after roles, you never fully freeze hiring. There are also several pipelines for hiring, and some may get shut-off while others remain. Diversity candidates may not see a hiring freeze, for instance.

lumost 4y ago

It'll be interesting how that shakes out with legacy tech platforms. A lot of the high profit tech is built on stuff that's more than 10 years old.

ewagsjr 4y ago
I think this might support your point unless you dont consider this as high profit. I currently work on a monolith customer service application that did $2.8bn in sales last year (we are a high margin company but sales $ amount is the only data available to me - projected to do ~$3.8bn this year). It's built using Eclipse RCP and a microservice architecture that consumes from a mix of DB2 LUW and AS400(IBM I) lol. It's about 13 years old.

wordnerd2022 4y ago

Uber does not have a hiring freeze for engineering. They are for non tech functions. Source: I work at Uber and I’m hiring.

mplewis 4y ago
So y'all do have a hiring freeze?
- effingwewt 4y ago
  Right, a selective hiring freeze is still a hiring freeze. Engineering would be the very last thing to get cut, as there will instantaneously be posts here and all over the internet. Freezing non-tech hiring is the canary in the coalmine. Like when companies start scaling back freebies. Once the downward trajectory starts it almost never reverses. I'm sure the people downvoting you know this and are simply mad you called a spade a spade.
01100011 4y ago
What are the open reqs for? SWE? DL? I think for some highly sought-after roles, you never fully freeze hiring. There are also several pipelines for hiring, and some may get shut-off while others remain. Diversity candidates may not see a hiring freeze, for instance.