3 ms·
> Sep 26, 2021 > 5 min read Although it was only 3 years ago, from a macroeconomic standpoint, this feels like centuries ago. Since then, the tech industry has
by yowlingcat 2y ago
> Sep 26, 2021
> 5 min read
Although it was only 3 years ago, from a macroeconomic standpoint, this feels like centuries ago. Since then, the tech industry has weathered several erosion events (SVB implosion, interest rate hikes) and it seems that aside from generative AI (which with the recent NVIDIA drop, may be showing first signs of slowdown), at least the VC funded startup space is at a local minimum in terms of market heat. Anecdotally, I've seen a lot of colleagues I've worked with at previous colleagues in hotter markets struggle with finding their next role for much longer periods of time with much more frustrating processes. The market for candidates seems tougher today than it's been in over a decade; in fact, I'm not sure what the last time was that it was this rough -- perhaps right after the 08 crash?