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Nah, I disagree. I work in crypto (coinbase) and was working in tech in the Bay Area in 2008. As of today, many crypto companies have money from 2021/early 202
by htormey 4y ago
Nah, I disagree. I work in crypto (coinbase) and was working in tech in the Bay Area in 2008.
As of today, many crypto companies have money from 2021/early 2022 raises and are still hiring. In 2008 the private tech market reaction to the stock market crash was swift and brutal.
It was really hard to get a job in 2008. Today it feels like their is a big lag between stock pullbacks and jobs drying up. None of my colleagues who were laid off are having trouble getting jobs in crypto and have options in other parts of tech if they want it.
To be clear I expect the jobs situation to get worse this year and in 2023.
- anbotero 4y agoWhy do you expect jobs situation to get worse in 2023? Shouldn’t these corrections happen now so companies plan their runway to ~2 years?
- deleted 4y ago[deleted]
- htormey 4y agoScenario I’m worried about: inflation continues, rates keep increasing and this to impact public company earnings. In an effort to mitigate this, companies will cut costs by firing people, slowing hiring and cutting services and advertising. This will then impact private companies ability to raise.