San Jose and Oakland area job markets tumble • Hacker News Board

Re: San Jose and Oakland area job markets tumble

#21

Post by madlynormal » Sat, Mar 25, 2017, 4:27 PM UTC

dmix wrote: post #15

> “Right now it’s tough to find a job in I.T.,” said Steve Satariano, a San Jose resident who has been working in contracted, temporary information technology jobs in recent years. “I’d prefer to find a full-time, permanent job, but in I.T., beggars can’t be choosers. It’s a little frustrating because tech companies always want to try before they buy.” The numbers don't really back the first part of the statement up.…

There is a significant difference within different roles in I.T. As someone who's worked in the cost center side of the industry, I can relate with the author. It's a problem not limited to Oakland or San Jose. Helpdesk, Desktop Support, and related jobs are commonly temp to perm with horrible pay for the amount of stress.

Re: San Jose and Oakland area job markets tumble

#22

Post by lightblade » Sat, Mar 25, 2017, 4:27 PM UTC

aphextron wrote: post #14

So it isn't just me. Has anyone else in the east bay had a tough time finding work recently as a mid level front end developer?

...and we're hiring! Want to come work at Yahoo? Sunnyvale office :)

Re: San Jose and Oakland area job markets tumble

#23

Post by home_boi » Sat, Mar 25, 2017, 4:30 PM UTC

hartator wrote: post #4

I suppose it won't follow on rent pricing unfortunately.

It's actually not that expensive in the South bay, at least compared to SF. I would say it's roughly Boston area rent prices

Re: San Jose and Oakland area job markets tumble

#24

Post by [deleted] » Sat, Mar 25, 2017, 4:32 PM UTC

mcguire wrote: post #20

platz wrote: post #16

> Some experts suggested the Bay Area’s slump in venture capital funding has contributed to the sluggish job trends in the region’s tech sector. Can safely ignore bubbles created by VC funding cash-flow injection and focus on business that bootstrap in a healthy way.

" During 2016, the VC sector provided $24.9 billion in financing, down 27.6 percent from the $34.4 billion in venture investing in 2015, according to the MoneyTree Report by PricewaterhouseCoopers and CB Insights. " $10B and 28% are hard to ignore.

[deleted]

Re: San Jose and Oakland area job markets tumble

#25

Post by djrogers » Sat, Mar 25, 2017, 4:39 PM UTC

We're talking about 4,400 jobs here - how much of that can be attributed to one or two of he major layoffs announced in the past few quarters? If Intel or Cisco dropped a couple thousand of their layoff employees in San Jose, thats a pretty big chunk of the dip right there.

Re: San Jose and Oakland area job markets tumble

#26

Post by toomuchtodo » Sat, Mar 25, 2017, 4:42 PM UTC

madlynormal wrote: post #21

dmix wrote: post #15

> “Right now it’s tough to find a job in I.T.,” said Steve Satariano, a San Jose resident who has been working in contracted, temporary information technology jobs in recent years. “I’d prefer to find a full-time, permanent job, but in I.T., beggars can’t be choosers. It’s a little frustrating because tech companies always want to try before they buy.” The numbers don't really back the first part of the statement up.…

There is a significant difference within different roles in I.T. As someone who's worked in the cost center side of the industry, I can relate with the author. It's a problem not limited to Oakland or San Jose. Helpdesk, Desktop Support, and related jobs are commonly temp to perm with horrible pay for the amount of stress.

For sure. As a sysadmin/network admin/IT manager, it's a buyers market. As a DevOps/infrastructure engineer, it's a seller's market.

I think training is part of the problem. More importantly, workers need consulting help around how to take existing skills and use them to apply to upmarket jobs with higher pay.

Re: San Jose and Oakland area job markets tumble

#27

Post by hn_throwaway_99 » Sat, Mar 25, 2017, 4:50 PM UTC

empath75 wrote: post #18

I wonder how much of this is non-programming jobs going away. I think sysadmin jobs are going away, and those aren't coming back.

FWIW, I am quite positive I heard that statement many, many times during the original dot com bust of 2000/2001.

Re: San Jose and Oakland area job markets tumble

#28

Post by johansch » Sat, Mar 25, 2017, 4:55 PM UTC

toomuchtodo wrote: post #26

madlynormal wrote: post #21

Earlier quoted context omitted.

There is a significant difference within different roles in I.T. As someone who's worked in the cost center side of the industry, I can relate with the author. It's a problem not limited to Oakland or San Jose. Helpdesk, Desktop Support, and related jobs are commonly temp to perm with horrible pay for the amount of stress.

For sure. As a sysadmin/network admin/IT manager, it's a buyers market. As a DevOps/infrastructure engineer, it's a seller's market. I think training is part of the problem. More importantly, workers need consulting help around how to take existing skills and use them to apply to upmarket jobs with higher pay.

Unpopular opinion:

Nah, it's an IQ issue. It's really not a (short-term) training issue, at least.

Re: San Jose and Oakland area job markets tumble

#29

Post by bogomipz » Sat, Mar 25, 2017, 4:58 PM UTC

>"Global Equities Research’s Chowdhry believes the squeeze on the region’s tech sector is only beginning.

“Silicon Valley is bracing itself for literally a repeat of 2001,” Chowdhry said, referring to the dot-com meltdown that erupted with mammoth job losses that year. “This time it’s a social media bubble that will blow up."

The sky is falling! People are literally bracing themselves with both hands as we speak!

Nothing like using hyperbole to get you and your company's name in print. Global Equities Research? Seriously who the hell is that?

How many of these 4,400 jobs that the local economy has shed in SV are HP and Cisco which are two old guard tech companies not startups. These are also two companies who have been struggling with their old business models.

Re: San Jose and Oakland area job markets tumble

#30

Post by KeepTalking » Sat, Mar 25, 2017, 5:02 PM UTC

Couple of random ramblings about the article

- IT jobs as in do they mean IT admins/Biz Analysts or programmers and software engineers. There is a smaller market in the area for IT admins than for programmers and software engineers. additionally, It seems to mix data between tech jobs and hotels etc.

- Why the random cheap shot at H1-Bs. Is this focused on employment or immigration ? typically in a healthy market employment trends follow immigration (employment based) trends. Seems like an effort to stir up some traffic to a poorly sourced article.

- The social media bubble? This is the first time I have heard of that term. Appreciate if they did some basic homework to see 2016 investment trends https://www.wilmerhale.com/uploadedFiles/Shared_Content/Edit...