3 ms·
There may be a bias here due to some correlation between employment status and participation in online discussion forums. Anyway, for what it's worth, I've hea
by 01100011 3y ago
There may be a bias here due to some correlation between employment status and participation in online discussion forums.
Anyway, for what it's worth, I've heard it is increasingly difficult for experienced devs to get jobs now. I know that my team has more or less had a hiring freeze for about 18 months now, even though the company is doing better than ever.
Based on nothing more than headlines I've read, it seems the CEO class got spooked about the economy last year and hasn't eased up yet. It doesn't help that interest rates are high, which typically bodes poorly for tech(despite megatech having plenty of cash right now due to a number of factors, along with debt held at mostly low, fixed rates). Many, many smart folks thought the economy would have died last year. My guess is that we are largely avoiding it thanks to near-record levels of debt-based federal spending(govt debt more or less becomes an asset to private sector). If high rates force the feds to cut spending(unlikely, given war and going into an election year), I think we'll see things cool quickly, but barring that I'm not so sure the economy is going to crash anytime soon. Some sectors, yes.
- onethought 3y agoCEO class is spooked by either haemorrhaging money during Covid or haemorrhaging after (depending on what kind of company is was). Then economy was “definitely a recession coming” for like 12 months. I think people are waiting for a rate cut to unclench their sphincter and start hiring again. That, and likely it all got a bit over the top anyway. When you have Meta product managers with TikTok videos about how cushy their job is, you know there was a bubble.
- refulgentis 3y agoCosign though seeming teleports off the rails in the 3rd para. Never understood peoples obsession with that video
- wahnfrieden 3y agomany of those videos were produced with help from recruiting. it's just culture war nonsense.