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I am in FinTech in London. Everyone from Tier 1 banks down to startups seem to be recruiting here. I work at a crypto company, about 200 employees now so not

I am in FinTech in London. Everyone from Tier 1 banks down to startups seem to be recruiting here. I work at a crypto company, about 200 employees now so not a start-up anymore really. We've had plenty of bad news this year :). But we're actively hiring and revenue is ok. I think it's important to remember that a recession is a whole-economy event. A 20% drop in one half of the economy and 10% growth in the other half is still a 5% drop over all. But if you work in that growing part then you, your company etc don't have a problem... I am not fundamentally opposed to unions, but I am also not convinced they will improve things either (either for me or my colleagues or the company). Like you say, maybe a union would have reduced hiring and put companies in a better place? Or maybe they would have increased it and made things worse? Who knows? We could go back and forth and be right or wrong. But I don't think and of those factors change significantly in a (possible) recession that may or may not affect tech...

Apocryphon 4y ago
Maybe the tech scene in the U.K. and Europe is different, perhaps companies there have not overhired as zealously as the American tech industry thanks to Fed money. And as far as banks go, they're hiring on this side of the pond too, other industries do not seem to have made the same mistake as tech has. > I am not fundamentally opposed to unions, but I am also not convinced they will improve things either (either for me or my colleagues or the company). [...] But I don't think and of those factors change significantly in a (possible) recession that may or may not affect tech... My overall point that when the boom times end and employee leverage goes away, who knows what benefits will disappear as well. A union could help maintain that leverage even in bad times.
Nextgrid 4y ago
> Everyone from Tier 1 banks down to startups seem to be recruiting here In my experience, everyone seems to be recruiting but with salaries that no longer correspond to the cost of living (and especially housing) nor will allow you to save anything meaningful to eventually get on the property ladder. Actually good roles that allow you build a future (in London at least) are far and far between.

Apocryphon 4y ago

Maybe the tech scene in the U.K. and Europe is different, perhaps companies there have not overhired as zealously as the American tech industry thanks to Fed money. And as far as banks go, they're hiring on this side of the pond too, other industries do not seem to have made the same mistake as tech has. > I am not fundamentally opposed to unions, but I am also not convinced they will improve things either (either for me or my colleagues or the company). [...] But I don't think and of those factors change significantly in a (possible) recession that may or may not affect tech... My overall point that when the boom times end and employee leverage goes away, who knows what benefits will disappear as well. A union could help maintain that leverage even in bad times.

Nextgrid 4y ago

> Everyone from Tier 1 banks down to startups seem to be recruiting here In my experience, everyone seems to be recruiting but with salaries that no longer correspond to the cost of living (and especially housing) nor will allow you to save anything meaningful to eventually get on the property ladder. Actually good roles that allow you build a future (in London at least) are far and far between.