Is the job market dead or something?
Struggling
It was dead as a doornail the last six months. It had a little bit of life in August, then it fell off a cliff. Zero. Only fake job postings, ghost posts, fake interviews, interviews at weird companies and interview loops for information espionage only pretending to be real interviews with no intent to hire.
In the last couple weeks a couple decent, actually real, roles showed up versus the fake / ever posted roles or spam posted roles to "pretend to be hiring" by companies trying to pump their IPO or whatever.
It has been brutual.
I dont think its "because of AI," Its because the economy is dying.
What I see around me is that because of macroeconomics (no cheap credits) companies trying to outsource to India (to a greater extent than a few years ago).
I haven't been able to work for make money for 2 years now this situation would be deadly for me if my mom wasn't helping me out.
I thought so to but, apparently, it was just bad timing: layoffs happening in the slowest period of the year. I'm noticing things are picking up again (at least for senior positions).
It's January. You've just had layoffs and its coming up to the end of Q4.
Expect around June/July.
It feels like there's a kind of tectonic shift happening due to various economic and technical factors ... maybe driven somewhat by the advent of practical AI. For me I think it's going to be better to build stuff as a solo entrepreneur than try to swim against the current.
In Canada and can see most traditional firms (banking/insurance/etc.) are almost exclusively hiting from recruiting firms that have shitty benefits. The contracting rate is only about 25% higher than the permanent role and all need to be incorporated.
Honestly, here in the energy/ utilities industry at least we can’t hire enough. The big problem is we just can’t pay what tech does for similar work, here a tech/ data lead might make 120-140 base.
Yes. Any yellow flags are instant rejections even with referrals right now in my experience. Had to take time off for health and getting nearly no hits with 10yoe and a good resume.
hope you guys watch latest news from leading media
"Top-tier investment banks Goldman Sachs and Morgan Stanley forecasted that the United States economy will improve into 2024. In a Wednesday note to clients, Goldman Sachs said, “We forecast the S&P 500 index will end 2024 at 4700, representing a 12-month price gain of 5% and a total return of 6% including dividends.” The bank added, “Our baseline assumption during the next year is the U.S. economy continues to expand at a modest pace and avoids a recession, earnings rise by 5%, and the valuation of the equity market equals 18x, close to the current [price-to-earnings] level.”"
Yes. Recommend finding a job outside of tech ASAP before everyone else tries to do the same.
Can you elaborate? What kind of jobs are you looking for? I’d like to think that there’s still tremendous demand for software engineers, and I’m curious how the market is shifting in terms of skills and experience being sought.
Yes we are in the middle of a big change, the death of an era and the start of another one. The tech bubble burst and something much bigger will come from it just like the dotcom bubble.
Been seeing a lot of lay offs still
As someone not in the market this sounds awful. Is this really true?