4 ms·

I'm shocked but not totally surprised. The job market became awful ~6 months ago in a fairly short period (largely because of interest rates IMO). There's just

I'm shocked but not totally surprised. The job market became awful ~6 months ago in a fairly short period (largely because of interest rates IMO). There's just no comparison with how it used to be in the zero interest rate era, sadly.

atrettel 3y ago
I agree with you but with the additional point that this is how the job market for many fields has operated for several years. Tech has just be insulated until now. I'm a mechanical engineer and scientist. I've applied to hundreds of jobs in the last 4 years. For every 100 jobs I've applied to, I've received 13 interviews and 3 offers. 41 applications out of 100 ghost me and never even reply back. This is now a numbers game. Networking helps, but only gets you so far in my experience. It may get you an interview, but a lot of places have long internal processes that can take months to hire somebody as various internal stakeholders examine several candidates. I'm not defending the process, since it is a complete waste of time for job seekers, but I do want to emphasize how this is not new to many fields outside of tech.
- Michelangelo11 3y ago
  Right, sure. I agree that tech had it way easier before the interest rate spike. I'd just like to add that it's now even worse than that both in tech and also everywhere else (I hear stories of people with decent experience and qualifications sending out like 500-1000 applications and not getting an offer). The job search landscape is just very bleak at the moment, no other way to put it.
  - atrettel 3y ago
    I totally agree! I know people and have heard stories of people applying to hundreds of jobs and getting few if any responses, let alone offers. I view the process as stochastic rather than deterministic, and that is why I call it a numbers game. I've applied to many jobs that I thought that I would be a ringer for, but end up getting ghosted. I try not to overthink it at this point. All that you can do really is apply and hope that it works out.
mirekrusin 3y ago
Most companies are currently very likely on hire freeze and recent, current or upcoming 10-15% layoffs. Wait it out or better start your own thing now.

atrettel 3y ago

I agree with you but with the additional point that this is how the job market for many fields has operated for several years. Tech has just be insulated until now. I'm a mechanical engineer and scientist. I've applied to hundreds of jobs in the last 4 years. For every 100 jobs I've applied to, I've received 13 interviews and 3 offers. 41 applications out of 100 ghost me and never even reply back. This is now a numbers game. Networking helps, but only gets you so far in my experience. It may get you an interview, but a lot of places have long internal processes that can take months to hire somebody as various internal stakeholders examine several candidates. I'm not defending the process, since it is a complete waste of time for job seekers, but I do want to emphasize how this is not new to many fields outside of tech.

Michelangelo11 3y ago
Right, sure. I agree that tech had it way easier before the interest rate spike. I'd just like to add that it's now even worse than that both in tech and also everywhere else (I hear stories of people with decent experience and qualifications sending out like 500-1000 applications and not getting an offer). The job search landscape is just very bleak at the moment, no other way to put it.
- atrettel 3y ago
  I totally agree! I know people and have heard stories of people applying to hundreds of jobs and getting few if any responses, let alone offers. I view the process as stochastic rather than deterministic, and that is why I call it a numbers game. I've applied to many jobs that I thought that I would be a ringer for, but end up getting ghosted. I try not to overthink it at this point. All that you can do really is apply and hope that it works out.

mirekrusin 3y ago

Most companies are currently very likely on hire freeze and recent, current or upcoming 10-15% layoffs. Wait it out or better start your own thing now.