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Ask HN: Is it just me, or does the job market for IT seem bad today?

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61–70 of 120 posts

Re: Ask HN: Is it just me, or does the job market for IT seem bad today?

#61
Oh boi let me tell you a fresh anecdata from right this Monday:

> I receive screening call in a bad moment.

> Me: "Right now it's a bit difficult for me. Can we do this at another time, like maybe in 30 minutes?"

> Them: "Sorry, I have another interview at that moment. We'll call you tomorrow."

Of course "tomorrow" is euphemism for "never", and I knew it, so I wasn't even disappointed when I didn't get the call next day.

So yeah my guess is that with so many applicants, interviewers are looking for the absolute tiniest reason to reject anyone.

Maybe it got even more worse in these last few months compared to the beginning of the year, or maybe it's specific to the company, or maybe both.

Because earlier this year I got a call early while I was still sleeping (went to sleep late the previous day) but they were chill and even laughed, saying "no worries, is it fine at [some hour]?".

Re: Ask HN: Is it just me, or does the job market for IT seem bad today?

#62

It's interesting that finally US techies begin to understand what the job market is like for the average person since the 2009 recession. And I mean the desirable, well-paying jobs, not the $20/hr service/food jobs that anyone can get.

Yes because non of us techies ever had other jobs before we got better jobs. This is such insulting post. Should I refer to you as a "non-techie".

Re: Ask HN: Is it just me, or does the job market for IT seem bad today?

#63
post #45
post #27

Earlier quoted context omitted.

Most people are missing is that there was a tax code change as part of the Trump tax cuts that made engineers much more expensive in the short term. Companies, especially startups, were hit with a high tax bill. The layoffs are, I believe, a direct result of this tax change.

Wait... how can I learn more about how this affects engineers?

look up "IRS Section 174 changes". here is a decent link, specific to startups[0].

but a simplified TL;dr is that companies used to be able to expense that year's R&D costs (including salaries for developers etc) in that same taxable year. now, that is no longer the case, and companies must amortize those R&D costs over 5 years.

this is not ideal.

[0] https://www.axios.com/2024/01/20/taxes-irs-startups-section1...

Re: Ask HN: Is it just me, or does the job market for IT seem bad today?

#64
Not in LCoL countries. I am a developer with 20+ years experience, I'm starting a new job in September and I only interviewed with this company, plus another one who emailed me halfway through the process. The trick is that I'm living in Warsaw, Poland.

Re: Ask HN: Is it just me, or does the job market for IT seem bad today?

#65

I wouldn't say it is bad or getting bad. But for a long time it had been really really good to a point that even people which fairly lacking qualifications could often easily get a job in a very short time frame (through also with some common biases/discrimination e.g. against age, and some positions, like very very well paying ones are still not easy to get). And I would say that times are about to be over soon. Hon…

Yeah don't let the HN bubble make you think that companies want the newest best tech. That's for startups only. The bigger the company, the slower they move. The company I work for retired tape backups a few years ago and Lotus Notes around the same time. The Lotus notes servers are still running. Our user names are based on an old IBM system etc. There will always be jobs in "old" tech and it usually pays pretty wel…

100% this ^

For every cutting edge startup chasing young people to abuse, there are a dozen existing companies with tons of legacy technical debt. They don't pay FANG salaries, but they will pay.

In my experience lately, it seems like Engineering and Developer positions have taken a hit, but backend infrastructure and DevOps type positions are still very hot, especially if you have cloud automation experience and know your way around Linux.

Re: Ask HN: Is it just me, or does the job market for IT seem bad today?

#66

I think conditions for older employees are getting worse. Teams are outsourced, either to younger people who work from home, or to other countries, making older remaining employees seem like an unnecessarily high cost.

I'm late 50's, 35+ years professionally programming, mostly business software and ecommerce. I entertain at least one serious offer a month and numerous inquiries a week, none of which I intend to take but instead use as leverage for raises at my current position which I now have been at over 15 years. I have leveraged a 50% salary increase in the last 5 years. I am not a hard bargainer, just matching my estimated value. I am not in a big city. I work in an office.

I have outsourced coworkers that I tutor. They are almost universally pathetic at software development and are a net negative overall. I get the most done during the times upper management can't overlook the lack of progress on current projects and leave the offshore people to their own devices for a spell, or have fired them as we go through cycles of hiring and firing. Management just can't stop touching themselves thinking about those sub-minimum wage salaries but somehow never grasp you get what you pay for.

Want a job in software development?

- Love it for the work not the money. If you're in it for the money you'll never be good.

- Don't chase fads. I know little of crypto, web 3.0 (what version are we on now anyway?), javascript frameworks, and use AI sparingly. But I know programming and software development well enough to ace the little pointless tests they give in job interviews.

- Don't play games with getting hired. Use people not technology to find a better job. That means being presentable and personable and networking. Indeed is not networking it's a marketplace and you're the product.

Everyone has reasons not to attempt these things, but believe me when I say I can do it so can you. I have pretty good social anxiety but we're all bozos on this bus and I just keep that in mind at all times.

Re: Ask HN: Is it just me, or does the job market for IT seem bad today?

#67
post #11

Earlier quoted context omitted.

> either to younger people who work from home What, older people aren't allowed to work from home?

I don't know about in general, but in my environment people in the 25-40 range are the most common to work from home, and the most common to majorly profit from it. Like the benefits you can get with working from home if you e.g. have a partner and children are much much larger in practice then when you are a single student. Through also the challenges you have to overcome to make working from home viable. With the m…

I'm in a remote first company and my entire team is over 40.

Re: Ask HN: Is it just me, or does the job market for IT seem bad today?

#68
post #24

In the late 90s, early 00s I would submit 5 resumes, get interviews from 4, get offers from 3. The whole process would take a few hours - no studying, no projects, no indefinite rounds of interviews. I could actually talk to the hiring manager and get a sense for my odds of getting the job before putting the effort in. Now it's like submit 1000 resumes, get interviews from 4, spend 20+ hours preparing and doing inter…

IT/CS pays well which brings in a lot of competition to the market.

Re: Ask HN: Is it just me, or does the job market for IT seem bad today?

#69
post #27
post #2

This doesn’t seem shocking. We just had a year or two of rolling layoffs across major tech companies, interest rates are high, the market is fluctuating, and all of that is affecting hiring pipelines.

Most people are missing is that there was a tax code change as part of the Trump tax cuts that made engineers much more expensive in the short term. Companies, especially startups, were hit with a high tax bill. The layoffs are, I believe, a direct result of this tax change.

Found this HN thread https://news.ycombinator.com/item?id=38633668

Re: Ask HN: Is it just me, or does the job market for IT seem bad today?

#70
It's not a feeling, the IT job market is dead relative to how it was in the recent past and is unlikely to recover imo.

Were I to guess, 20 years ago you were in niche group of weirdos who enjoyed writing computer code in their free time which just so happened align with the 90s-00s internet revolution and 10s smart phone revolution.

For a couple of decades there just hasn't been enough nerds to build all apps and websites companies wanted built, and therefore competition for these jobs was extremely high. If you wanted to win the best IT talent you had to pay 6 figures and offer endless perks.

Today every government in the world is trying to push kids to code in an attempt to win a share of economic success that companies like Google and Apple have had. But with more people now going into software, more outsourcing and with cloud software like Shopify allowing those without a technical background to build and ship websites and products on their own, the demand for engineers relative to the number of engineers is now decreasing for the first time.

Going forward I'd bet on AI continuing to erode the relative demand for software engineers.

I'd also argue it's less that the IT market today is bad, but that it's adjusting to be more comparable to other skilled labour jobs which are more competitive and less favourably compensated than IT.

Clearly going forward the shortage is likely to be in jobs that have geographical restrictions and require hard skills. You can't outsource a roofer and use Gen AI to generate you a roof, and it's a profession that takes years to master therefore you can't just hire anyone to do it, and yet no one wants to do these manual labour jobs anymore. Were I in my teens today, this is where I'd be looking for career security. As it stands I'm not going to complain after lucking massively over the last ~15 years – there really was no better time to be a computer nerd.

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