Is big tech’s red-hot jobs market about to cool?

Re:Is big tech’s red-hot jobs market about to cool? by bluedevil2k on Thursday June 02, 2022 @09:46PM (#31603236)

I’m pretty sure it already has. Unicorns with a short runway doing big layoffs, “unicorns” with $600k ARR completely folding, and the big boys like Meta and Uber having hiring freezes. The TC may remain relatively high simply because wages tend to be sticky, but the competition for the top jobs will be tougher as the market power shifts to the tech companies that are actually profitable and can afford the top talent.

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Re:Is big tech’s red-hot jobs market about to cool? by wordnerd2022 on Thursday June 02, 2022 @10:06PM (#31603385)

Uber does not have a hiring freeze for engineering. They are for non tech functions. Source: I work at Uber and I’m hiring.

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Re:Is big tech’s red-hot jobs market about to cool? by 01100011 on Friday June 03, 2022 @03:07AM (#31605140)

What are the open reqs for? SWE? DL? I think for some highly sought-after roles, you never fully freeze hiring. There are also several pipelines for hiring, and some may get shut-off while others remain. Diversity candidates may not see a hiring freeze, for instance.

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Re:Is big tech’s red-hot jobs market about to cool? by mplewis on Thursday June 02, 2022 @10:39PM (#31603606)

So y'all do have a hiring freeze?

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Re:Is big tech’s red-hot jobs market about to cool? by effingwewt on Thursday June 02, 2022 @11:42PM (#31604014)

Right, a selective hiring freeze is still a hiring freeze.

Engineering would be the very last thing to get cut, as there will instantaneously be posts here and all over the internet.

Freezing non-tech hiring is the canary in the coalmine. Like when companies start scaling back freebies.

Once the downward trajectory starts it almost never reverses.

I'm sure the people downvoting you know this and are simply mad you called a spade a spade.

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Re:Is big tech’s red-hot jobs market about to cool? by lumost on Thursday June 02, 2022 @09:49PM (#31603259)

It'll be interesting how that shakes out with legacy tech platforms. A lot of the high profit tech is built on stuff that's more than 10 years old.

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Re:Is big tech’s red-hot jobs market about to cool? by ewagsjr on Friday June 03, 2022 @06:06PM (#31614276)

I think this might support your point unless you dont consider this as high profit.

I currently work on a monolith customer service application that did $2.8bn in sales last year (we are a high margin company but sales $ amount is the only data available to me - projected to do ~$3.8bn this year). It's built using Eclipse RCP and a microservice architecture that consumes from a mix of DB2 LUW and AS400(IBM I) lol. It's about 13 years old.

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