this post was submitted on 06 Aug 2023
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Is the market hot right now? With all the layoffs, the sentiment on blind seems to be don't try to find a job now
Big tech overhired. There is still a massive number of companies that are in dire need of software devs. They won't pay 300k though
The layoffs were all from the big tech companies, the small ones are still operating as per usual.
Not necessarily. The ones you HEAR about are from big tech companies, but many small tech companies are also tightening their belts to follow suit.
My evidence is inherently anecdotal, but my current (at the time) and previous companies of 100-ish people both also had (multiple) layoffs -- more like 5 people each time rather than thousands, sure, and they never hit the news. I reported mine to layoffs.fyi, with the evidence that "company X just laid me off," and they never posted it.
Zoom is one of the big ones, though, relatively.
They pay big tech salaries. So anyone leaving a job at Zoom would definitely be competing against those 150k who we're laid off this year.
90% of the people who were laid off in December had a new job by February. That timeframe has been consistent across the board.
There is still a huge talent gap and there are still a huge amount of high paying jobs available for folks in software. You may have more trouble getting into the largest orgs, but aim a bit smaller and you can find work pretty quickly.
Exactly. I'm so tried of random folks speculating on how much easier it's going to be to attract developers. Nothing actually changed folks.
A slightly smaller massive shortage is still just a massive shortage.
That's for relatively fresh programmers, and in particular BSc or BA.
If you have years of experience, it's the opposite, companies fight each other to get you.
So:
** Conditions apply.
higher skilled workers are always in higher demand, that's not really dependent on the market
Depends on the skill. I doubt there are too many experts in punch card computing that are in demand at the moment.
Pretty sure there is a bank somewhere looking for that skill still.
Recruiters are still flooding my DMs (and calling me) so yeah, the market is still hot.
It's hot for you but not for everyone.
I'm turning down recruiters pretty much daily, many offering better pay than my current job. I stay where I am because I like the people I work with.
Nice.
But I have to warn you - you're playing right into our evil plot of not being shitty bosses. I'll have to let the secret society of non-asshole managers know that our master plan is progressing.
It's not as great as it was a year or two ago.
That is true.
Two years ago, if I failed to reach out with an offer within 35 hours of finishing the interview, the candidate had already accepted one of the other two offers.
Today it seems like it can take two months for developers to have 3 competing offers. So if I end up needing to hire this year, I'll have the kind of leverage that lets me take the whole work week to interview every candidate I want to, before making an offer.
The great news for me is that some hiring managers I compete with saw the layoffs and decided it was safe to reveal themselves as assholes. That's going to make my job (of stealing their top talent) easier for many years to come, because people have long memories.
The tech hiring market is most definitely NOT hot right now. It's the worst it's been since the 2008 crisis aftermath.
Obviously there are still things out there but companies are hiring less and the market is flooded with big tech layoffs. Companies are being flooded with applications for available roles.
Startups are also struggling to raise which means there are less new jobs in startups too.
If you're in STEM it's really not a problem. I feel for others in auxiliary roles though.
I have over a decade of experience in software engineering and am struggling to find a new job at the moment. Every other time I've looked in the past it's been way easier.
Obviously I could have a job if I wanted, but if you don't want to compromise on role/pay then things are really tough at the moment.
That's true. I've seen developers wait a month or two for the right offer this year.
In previous years, they usually had 3 mind blowing offers within a week of putting out the word that they're looking.