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Ask HN: Has the tech recession affected you?

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21–30 of 175 posts

Re: Ask HN: Has the tech recession affected you?

#22
Fortunately, no.

I work as a DoE contractor and that means my job is pretty much stable unless I intentionally try to get fired or if the federal government is insolvent (in which case we have a much bigger problem than just 1 random dude not having a job).

I turned down an offer from a bulge bracket 2 years ago and I am glad I did because that company had its own little down sizing.

Re: Ask HN: Has the tech recession affected you?

#23

>depths of a serious tech recession? Are we? Who wants to be hired? (2023) Oct: 547 Nov: 431 Dec: 461 ----- Who wants to be hired? (2022) Oct: 272 Nov: 307 Dec: 200

More people without jobs = more people that are looking to be hired.

Given the numbers, I would say tech unemployment was 2x worser in 2023 than the year before.

Re: Ask HN: Has the tech recession affected you?

#26
Struggling a lot with the response rate, once I could get one interview in three applications, now it's one in 50. I am hoping that it will pick up this January since everyone is making plans for the entire year. I was told by a manager in a large startup that they plan to complete hiring for the whole year by the end of February, and it might be the case for the entire industry.

Re: Ask HN: Has the tech recession affected you?

#27
A lot of my colleagues bailed on the company at the height of COVID moves for FAANGs and have since been downsized. Meanwhile my company has done its best to keep layoffs far from engineering. Our sales aren't doing super well, but we have cash on hand and a very low amount of debt. And we're already public so we don't need to look for funding.

I'm still saving money in case layoffs happen, especially because I'm remote and moved far outside of tech markets and bought a house last year.

I have a large amount of anxiety looking around my network at folks who I know are competent and have been out of work for more than 6 months. I'm very glad I didn't follow the trend and stayed at a more stable company.

Re: Ask HN: Has the tech recession affected you?

#28
Yup. I got laid off in April, and iirc have had about 3 legit interviews, and conservative guess of 10-15 screening calls. I'm now applying for whatever I can do, like driving a moving truck, but it's tricky with a resume that's overwhelmingly software related. Also considering just switching into a different trade, but as rent and cost of living continue increasing, as well as interest rates being what they are, it's a scary time to take on debt. I'm thankful to have what I'd consider a relatively minimalist set of expenses, but I anticipate being in the negative by the end of the year. Not negative as in I've had to dip into my savings, negative as in I'll be out of money with no prospects if I don't figure something out. I figure if I can land a job that covers rent in that time, it will help stave off that decline. (Canada btw)

Otherwise though I'm very well rested, and my M+ rating in World of Warcraft is better than ever.

Re: Ask HN: Has the tech recession affected you?

#29
It seems like there is a recession - there seem to be plenty of jobs available, yet no one is hiring. COVID didn't help any and my personal situation complicates the job hunt even more.

So, it may just be my perception is skewed for other reasons than a recession. Either way, it sucks.

Re: Ask HN: Has the tech recession affected you?

#30
post #26

Struggling a lot with the response rate, once I could get one interview in three applications, now it's one in 50. I am hoping that it will pick up this January since everyone is making plans for the entire year. I was told by a manager in a large startup that they plan to complete hiring for the whole year by the end of February, and it might be the case for the entire industry.

That's a scary but realistic thought.
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