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Re:The tech sector teardown is more catharsis than crisis by kasey_junk on Wednesday May 18, 2022 @08:33AM (#31421966)
I switched jobs this month and found it to be the hottest job market I’d ever encountered. That can change quickly but it hasn’t (hadn’t) happened as of a few weeks ago.
Re:The tech sector teardown is more catharsis than crisis by nemo44x on Wednesday May 18, 2022 @08:41AM (#31422032)
I think a month ago was a totally different time than today. I know of a few companies that froze most hiring (including in cases where an offer was about to go out) temporarily with the last couple weeks.

Of course I haven’t sampled every company. Just a very sudden defensive position springing up more and more.

Re:The tech sector teardown is more catharsis than crisis by Beltalowda on Wednesday May 18, 2022 @12:56PM (#31425031)
I'm interviewing right now, and thus far still plenty of interviews. It probably matters what kind of thing you're looking for: I mostly prefer small outfits but stay away from SF-style "venture-backed" setups in the first place. Turns out that outside of the "bubble" the economy is just churning along as usual. The position I'm most excited about now is just a small self-funded company making something useful and is making a profit (shock and horror).

That said, I did have a job offer that was rescinded at the last moment (which is why I'm out of a job, since I quit my previous position – probably not the smartest move but I really hated it there, so...) but that could just be coincidence as well.

Re:The tech sector teardown is more catharsis than crisis by bckr on Wednesday May 18, 2022 @03:16PM (#31426530)
> That said, I did have a job offer that was rescinded at the last moment

At what point in the process was it rescinded? Had you already accepted or even started the process of getting your equipment / Onboarding?

Re:The tech sector teardown is more catharsis than crisis by Beltalowda on Wednesday May 18, 2022 @05:19PM (#31427810)
After third interview on Friday: "I'll send a contract this afternoon, let me know what you think and when you can start". "Great, looking forward to starting!"

Next Monday: "Oh sorry, no".

But by then I had already quit. As I said, perhaps not the smartest move, but I hated it so much and I feel a lot happier since I quit, so shrug. It's all good; no hard feelings. These things happen.

Also, should be pointed out I didn't reply to a job vacancy, but applied via an "open solicitation" through a connection. So they weren't specifically looking for someone to fill a specific role, and it was more "hey, this looks like a good developer I heard good stories about, so let's talk!"

Re:The tech sector teardown is more catharsis than crisis by ctvo on Wednesday May 18, 2022 @08:53AM (#31422130)
Meta very publicly announced a hiring slowdown, Netflix is introducing levels and slowing down hiring, Coinbase is slowing down hiring, etc..

Even with the above names slowing down hiring, I would guess big tech uses this opportunity to stockpile even more engineers to come out of this stronger. I don't see the competition for engineers that can pass those interviews slowing down.

Startups? Yes, the cohort that raised 20+ million Series As in the last two years and spent lavishly at the height of this bull run will start being much more defensive.

Re:The tech sector teardown is more catharsis than crisis by Apocryphon on Wednesday May 18, 2022 @01:39PM (#31425498)
Meta ran into signs of trouble months ago, when the report in February announced they were shedding users for the first time. They’re ahead of the curve. Netflix use has also dropped, and the stock price has followed. Coinbase is experiencing a crypto crash.

Not that any of that are disconnected from larger economic trends, but they’re also unique to each business’s segment.

Re:The tech sector teardown is more catharsis than crisis by pc86 on Wednesday May 18, 2022 @11:45AM (#31424177)
Coinbase has frozen hiring, and even if Netflix is still actively hiring they just laid ~2% of their workforce earlier this week.
Re:The tech sector teardown is more catharsis than crisis by matwood on Wednesday May 18, 2022 @01:03PM (#31425100)
> Coinbase has frozen hiring

The blog entry said they are slowing hiring. While that is a big change from originally wanting to triple the size of the company this year, nothing that I've seen said they froze hiring.

Re:The tech sector teardown is more catharsis than crisis by riku_iki on Wednesday May 18, 2022 @03:12PM (#31426492)
> Meta very publicly announced a hiring slowdown

their revenue may just go to other companies (tiktok, google?) which will hire those engineers.

Re:The tech sector teardown is more catharsis than crisis by gnicholas on Wednesday May 18, 2022 @03:18PM (#31426562)
NFLX may be slowing down hiring, but they also laid off 150 full-time employees, in addition to part timers and contractors: https://www.yahoo.com/lifestyle/netflix-announces-more-layof...
Re:The tech sector teardown is more catharsis than crisis by bombcar on Wednesday May 18, 2022 @10:05AM (#31422929)
Twitter is in a freeze, so combined that puts a lot of slowdown into the market.

There may be smaller/other companies running to pick up the crème of the crop before the music stops, however.

Re:The tech sector teardown is more catharsis than crisis by ctvo on Wednesday May 18, 2022 @02:58PM (#31426360)
I would wager Google, Apple, Microsoft, Amazon, et al. all are more than happy to take in the supply slack. They compete for the same engineering pool.

Would love to see data to the contrary vs. us guessing at this putting a lot of anything on the overall market.

Re:The tech sector teardown is more catharsis than crisis by anthropodie on Wednesday May 18, 2022 @08:38AM (#31422005)
I think we will need another 3-6 month to see full effect of whatever happened in last month everywhere.
Re:The tech sector teardown is more catharsis than crisis by 1270018080 on Wednesday May 18, 2022 @11:40AM (#31424121)
I would say things have changed noticeably just in the last 2 weeks (in terms of recruiter engagement, news about funding rounds, news about hiring freezes). If you started interviewing in early April it's a lot different than now.