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how does this situation keep getting worse everyday, never thought I would be graduating into a recession :/

by sss111 4y ago

dmitrygr 4y ago
I graduated in 2008. Don’t worry so much. Good people are always in demand. Most companies hire even as they do layoffs. Focus on breaking able to explain that you’re a good addition to the team
musha68k 4y ago
It’s not going to hit you if you work in “tech” and have both a professional mindset and regimen in place. Software is still and ever increasingly eating the world FWIW… Don’t fall for the doomsday folks, they either don’t understand the dynamics and/or are just in it for the drama. It’s actually still a great time to negotiate for premiums. Keep calm and carry on.
- deelowe 4y ago
  Tech sectors supported by ADs seem to already be getting hit. Ad spending is way down.
  - musha68k 4y ago
    To be fair ad sector is pernicious for the most part. Good for any professional to move on if you ask me.
- egfx 4y ago
  not so fast https://www.marketwatch.com/story/it-will-be-mostly-a-white-collar-recession-milken-institute-economist-william-lee-on-how-the-next-downturn-will-be-different-11658935183 https://www.marketwatch.com/story/it-will-be-mostly-a-white-... https://www.theguardian.com/business/2022/sep/17/tech-silicon-valley-layoffs-interest-rates-valuation-slow-growth https://www.theguardian.com/business/2022/sep/17/tech-silico...
  - musha68k 4y ago
    Interesting articles but would recommend to e.g. just switch into the energy sector. Keep informed and moving.
mistrial9 4y ago
you will be awash in offers since you are at a peak of two curves -- recent work output and zero seniority for benefits, salary and authority I predict further race to the bottom in this way, similar to putting 14 year old girls in Olympic Gymnastics, as was done and eventually outlawed. Expect smart high school students in low-income economies to be in demand, and aggressive mob types to make front companies to handle anything about the money
ironlake 4y ago
I graduated into a recession. It was fine. It never hurts to pay attention to the macro economy, but in the end, just live your life and pursue the career you want. Software development may eventually go the way of textile manufacturing (i.e. only done in poor countries with cheap, unskilled labor) but I doubt you or I will live long enough to see it.

how does this situation keep getting worse everyday, never thought I would be graduating into a recession :/

by sss111 4y ago

how does this situation keep getting worse everyday, never thought I would be graduating into a recession :/

I graduated in 2008. Don’t worry so much. Good people are always in demand. Most companies hire even as they do layoffs. Focus on breaking able to explain that you’re a good addition to the team

musha68k 4y ago

It’s not going to hit you if you work in “tech” and have both a professional mindset and regimen in place. Software is still and ever increasingly eating the world FWIW… Don’t fall for the doomsday folks, they either don’t understand the dynamics and/or are just in it for the drama. It’s actually still a great time to negotiate for premiums. Keep calm and carry on.

deelowe 4y ago
Tech sectors supported by ADs seem to already be getting hit. Ad spending is way down.
- musha68k 4y ago
  To be fair ad sector is pernicious for the most part. Good for any professional to move on if you ask me.
egfx 4y ago
not so fast https://www.marketwatch.com/story/it-will-be-mostly-a-white-collar-recession-milken-institute-economist-william-lee-on-how-the-next-downturn-will-be-different-11658935183 https://www.marketwatch.com/story/it-will-be-mostly-a-white-... https://www.theguardian.com/business/2022/sep/17/tech-silicon-valley-layoffs-interest-rates-valuation-slow-growth https://www.theguardian.com/business/2022/sep/17/tech-silico...
- musha68k 4y ago
  Interesting articles but would recommend to e.g. just switch into the energy sector. Keep informed and moving.

mistrial9 4y ago

you will be awash in offers since you are at a peak of two curves -- recent work output and zero seniority for benefits, salary and authority I predict further race to the bottom in this way, similar to putting 14 year old girls in Olympic Gymnastics, as was done and eventually outlawed. Expect smart high school students in low-income economies to be in demand, and aggressive mob types to make front companies to handle anything about the money

ironlake 4y ago

I graduated into a recession. It was fine. It never hurts to pay attention to the macro economy, but in the end, just live your life and pursue the career you want. Software development may eventually go the way of textile manufacturing (i.e. only done in poor countries with cheap, unskilled labor) but I doubt you or I will live long enough to see it.