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The companies they picked for this analysis makes me seriously doubt this is representative of most of the market for tech jobs.
by ldh0011 4y ago
The companies they picked for this analysis makes me seriously doubt this is representative of most of the market for tech jobs.
- leeny 4y agoWe commented on this in the post. While we are targeting a specific slice of the market, FAANG and FAANG adjacent, so are our users. It's true that these companies run a process that's not indicative of the whole industry. However, because they’re relative rather than absolute, we feel reasonably confident that these numbers can be generalized to the overall hiring market. We also felt that even if this data WEREN'T entirely generalizable, it would be interesting to a big enough subset of the HN population to merit sharing.
- ldh0011 4y agoThe layoff data from the analysis you used to create the red line includes less than 40 companies and at a glance seems to only include one of FAANG (Netflix)? Not sure what "FAANG-adjacent" means but if it just means "top-tier companies" I'm not sure the others are that either. Many of the listed companies I've never heard of, a lot look like overvalued startups which of course would get hit hard by lack of easy money, Coinbase is in crypto. I find it very hard to believe you can make a generalization to many/most companies with this data, I know for a fact several large Fortune 500 companies (banks for example) are still hiring in huge numbers. JPMorgan for example is hiring >2000 engineers this year, that number exceeds the entirety of your "additional engineers on market because of layoffs." The only companies listed on TrueUp in the Fortune 10 are the tech-first ones so huge employers are missing from the dataset. Personally I think the title of the blog post is misleading at best and pretty close to clickbait.