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A comment on Lessons learned from the recent job hunt. Parent comment

Re:Lessons learned from the recent job hunt by confidantlake on Sunday May 08, 2022 @08:58PM (#31309426)
I have had a kind of similar experience. 5 years experience, feel underpaid so started looking for a job. Did hired.com, was contacted by about 20 companies. That turned into 5 phone screens, 0 on sites. 2 of the phone screens said I passed and were going to schedule an onsite but ended up ghosting me.

I also applied to about 10 other places directly but never heard back from any of them. Got contacted by Meta but then they cancelled my interview. Weird to me that everyone is saying that it is a white hot market but I can't even get an onsite.

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Re:Lessons learned from the recent job hunt by ZephyrBlu on Sunday May 08, 2022 @10:10PM (#31309758)
It was a white-hot market last year. Now a lot of large startups are laying off staff and some companies are implementing hiring freezes.

For example, Meta probably cancelled your interview because they now have a hiring freeze on E5 (Senior) and below.

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Re:Lessons learned from the recent job hunt by ChuckNorris89 on Monday May 09, 2022 @01:39AM (#31310977)
Is this due to the interest rates hikes?
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Re:Lessons learned from the recent job hunt by ZephyrBlu on Monday May 09, 2022 @02:05AM (#31311114)
Well, the root cause is likely the interest rate hikes but the proximate cause is that the economic environment has become drastically worse in the last ~6-9mo.

Tech stocks are down a ridiculous amount and funding for startups is now much harder to come by. Probably other factors I don't know about as well.

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Re:Lessons learned from the recent job hunt by ChuckNorris89 on Monday May 09, 2022 @02:17AM (#31311172)
>Tech stocks are down a ridiculous amount

Any idea why that happened? Were they overvalued and the bubble finally burst?

For stocks like Netflix I understand why, that's obvious, but for the rest, I'm kinda scratching my head.

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