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My response will just be one data point, so take it with a grain of salt and do your own research. Job applications to interview rates are _way_ down, like 5%
by frfl 3y ago
My response will just be one data point, so take it with a grain of salt and do your own research.
Job applications to interview rates are _way_ down, like 5% or less. Some job posts will likely feel like you sent your job application into a black hole and it will never be seen by anyone or get any response at all. I'd imagine use of "AI" job application screening services have greatly increased and HR departments are likely screening application even harder than before.
Most jobs posted are senior/staff level only, rarely do you see a non-senior posting. But still you might see an non-senior job posted here and there.
People I know did find jobs after layoffs in 2023, but rather than in weeks it was months and likely, but I'm not 100% certain, for lower pay (all people I know where in different countries, but working for US companies). Other companies have hiring freezes and some seem to (almost) not have hired at all in 2023.
One trend I've noticed is job postings by US companies in South America (Brazil for eg.), Mexico, Eastern Europe, India are _way_ up. Interpret that as you will.
Venture funds are likely scaling their investments into companies back, especially non-AI companies, so venture funded companies that were in growth month either tried their best to cut costs (no hiring, layoffs) and shift to profit/revenue mode or shut down. Publicly traded companies seem to have shifted to increasing their share prices using similar tactics.
So, currently bleak, compared to pre-covid to 2021, but might be possible to still find something with a lot of persistence. Not an ideal situation for anyone looking currently, unless you have some special connections or are skilled in AI work etc.
- twojobsoneboss 3y ago[dead]
- DecentRecruiter 3y agoAs a tech recruiter, I can say that you 100% nailed it. Thank you for explaining it so well.