Lessons learned from the recent job hunt

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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