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Assuming selfish motivation: are they having trouble attracting talent? Maybe they see hiring trends turning around. Anecdote: My girlfriend, a recruiter, say
by prettyStandard 2y ago
Assuming selfish motivation: are they having trouble attracting talent? Maybe they see hiring trends turning around.
Anecdote: My girlfriend, a recruiter, says she's seen more recruiters being hired.
- winter_blue 2y ago> she's seen more recruiters being hired This is a good sign for the whole industry at large, considering how bad the tech job market has been for the last two years.
- adamnemecek 2y agoThat or forcing people into offices will make the best leave.
- ashleyn 2y agoInterest rates got cut.
- winter_blue 2y agoIs there really that direct of a relationship between hiring and interest rates?
- jmoak 2y agoYes. If the short term rate banks can lend to each other (the fed funds rate set by the central bank) is lower, then all downstream longer term rates / bond yields tend to fall: https://www.cnbc.com/bonds/ https://www.cnbc.com/bonds/ This is simplified, but: Say you have a billion dollars in cash. With rates at 0% and inflation at 2%, you might as well spend that cash by hiring some engineers and chasing a hit product. Or an OK product. With rates at 5% or so and 2% inflation you can make decent money keeping your cash in a savings account paying 5% YoY. Unless you're sure you have a good idea, you might as well park the cash and skip out on all of that "hiring engineers" business, which may not result in a good product anyway.
- tinyhouse 2y agoSpotify is a good employer but they don't pay tier 1 salaries.
- yufjalkdfuw 2y agoHaha. I just checked levels.fyi and they get paid way more than I do. Anyone know if they are hiring for Haskell/Gleam/Rust/OCaml?
- kyriakos 2y agoInterestingly the only software engineering position I see on their site is on site.
- Me001 2y ago[dead]