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I wasn’t a new grad, but was a newish industry hire (couple years experience) and experienced that several times. Before and after the dot-com crash. It wasn’t
by lazide 2y ago
I wasn’t a new grad, but was a newish industry hire (couple years experience) and experienced that several times. Before and after the dot-com crash. It wasn’t atypical before the talent competition situation we had for 5-6 years pre-Covid.
It’s a confluence of several factors now:
- lots of stories of candidate fraud floating around (either bait and switch, lying about qualifications, “over employment”, etc.)
- much higher supply of talent due to layoffs and hiring slowdowns, and hence better negotiating position for employers. Previously the FAANGs were sucking up such a huge amount of talent, it left everyone else pretty desperate.
- strategic uncertainty around future market/financial/hiring situations, so companies are being a lot more conservative with what they commit to, and wanting a more ‘secure’ fit before they pull the trigger.
Same is happening in the dating market in some ways.
- johnnyanmac 2y agoThis had to have been only for FAANG companies right? I'm not saying it's unheard of, but I've done dozens of interviews and I've never had more than 1 all day on site. I'm not even sure anything else even justifies it in terms of time spent interviewing and compensation levels.
- lazide 2y agoNone of these were FAANG companies. This was long before FAANG was a term, btw. FAANG companies, even 3-4 years after the dot-com crash, were 8 something hours - but over a single day, all at once. Grueling to put it mildly. Though lunch was in there too. The other companies were pretty mellow comparatively, but did take longer. The one I ended up working at (small no name company in the midwest), I flew out and spent 2 days interviewing and negotiating with.