4 ms·

We're currently going through the largest tech downturn since the dot com bubble. It's not you, it's the market. Tough for everybody who is looking right now.

We're currently going through the largest tech downturn since the dot com bubble. It's not you, it's the market. Tough for everybody who is looking right now. For the first time in 20 years there are more applicants than jobs again.

ownagefool 3y ago
This. I'm in the UK. Strong skills. Good CV. Ghosted constantly. Half the jobs you're applying for ( or more ) are fake, and the recruiters are just trying to collect CVs to drum up future business.
theandrewbailey 3y ago
> For the first time in 20 years there are more applicants than jobs again. I'd argue that happened during 2008 and 2009. Source: I graduated and had to get a first job during that time. For every 100 positions I applied for, I got a call for 5, and had on site interviews for 1. Sounds like that may be the case again.
- brailsafe 3y ago
  That was my experience pre-2023, now it's 100 applications and maybe one response, except there aren't 100 positions, all of them are the highest possible level of seniority and require 10 y.o.e plus a masters degree, and nobody responds to messages.
  - gtirloni 3y ago
    If this may offer any comfort, even people with all those skills aren't getting many interviews right now.
- eek2121 3y ago
  I had absolutely NO problem finding employment during that time period. First jobs are usually the "first" to go FYI. I'm a senior dev, and even back then I had a ton of experience. I agree with OP. This is easily the biggest down cycle since the dot com bubble. Just remember, things will recover. Eventually.
  - danjac 3y ago
    Same here. However I do not believe things will recover, at least in a reasonable time frame for my own career. My thinking is now if this current job ends I need to think about exiting the industry and doing something else. Oh well, tech is a nice hobby at least.
  - Paul-Craft 3y ago
    That's all well and good, but "eventually" doesn't pay the bills right now.
    - vertis 3y ago
      Which is a lesson to not blow your money (I know this doesn't help those that are CURRENTLY in this situation). Tech people tend to think money grows on trees, they're paid far more than the median wage and that means they feel things like inflation and cost of living pressures less, but it does tend to result in an attitude that there will always be more money so why save.
      - deleted 3y ago
        [deleted]
intelVISA 3y ago
Indeed, the market is readjusting - thresholds are a tad higher but not impossible like some make it seem.

ownagefool 3y ago

This. I'm in the UK. Strong skills. Good CV. Ghosted constantly. Half the jobs you're applying for ( or more ) are fake, and the recruiters are just trying to collect CVs to drum up future business.

theandrewbailey 3y ago

> For the first time in 20 years there are more applicants than jobs again. I'd argue that happened during 2008 and 2009. Source: I graduated and had to get a first job during that time. For every 100 positions I applied for, I got a call for 5, and had on site interviews for 1. Sounds like that may be the case again.

brailsafe 3y ago
That was my experience pre-2023, now it's 100 applications and maybe one response, except there aren't 100 positions, all of them are the highest possible level of seniority and require 10 y.o.e plus a masters degree, and nobody responds to messages.
- gtirloni 3y ago
  If this may offer any comfort, even people with all those skills aren't getting many interviews right now.
eek2121 3y ago
I had absolutely NO problem finding employment during that time period. First jobs are usually the "first" to go FYI. I'm a senior dev, and even back then I had a ton of experience. I agree with OP. This is easily the biggest down cycle since the dot com bubble. Just remember, things will recover. Eventually.
- danjac 3y ago
  Same here. However I do not believe things will recover, at least in a reasonable time frame for my own career. My thinking is now if this current job ends I need to think about exiting the industry and doing something else. Oh well, tech is a nice hobby at least.
- Paul-Craft 3y ago
  That's all well and good, but "eventually" doesn't pay the bills right now.
  - vertis 3y ago
    Which is a lesson to not blow your money (I know this doesn't help those that are CURRENTLY in this situation). Tech people tend to think money grows on trees, they're paid far more than the median wage and that means they feel things like inflation and cost of living pressures less, but it does tend to result in an attitude that there will always be more money so why save.
    - deleted 3y ago
      [deleted]

intelVISA 3y ago

Indeed, the market is readjusting - thresholds are a tad higher but not impossible like some make it seem.