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See other posts about all the software startups firing readers of this forum. edit: latest related post on the front page is about OYO furloughing thousands https://techcrunch.com/2020/04/08/indias-oyo-furloughs-thous...
Oyo is an Indian hotel chain - of course it will suffer. I get the allure of the sky is falling but aren’t we missing just how privileged we are having an office job that easily can be done remotely?
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Indeed, we're currently somewhat above the nadir in 2018 when we were all worried about the effects of 10-25% tariffs on $250 billion of US imports of Chinese products. I don't know about the rest of you, but I am definitely not feeling as confident in the mid-term, or even long-term outlook as I was then in 2018.
I'm neutral on the market right now, I don't think it's entirely unfairly priced. NASDAQ is in the best shape of the indices because tech companies don't seem hugely affected by all this insanity. Most major investment banks are expecting a huge boom in Q4/Q1 and return to business as usual. COVID new cases are trending downwards across all major economies (except the US, to follow soon) [1] I'm actually feeling bett…
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I'm pushing 40, graduated high school in 2000. I heard a lot of the same "wisdom." For some reason I just really wanted to be a software developer so I stuck with it even though the dot com bubble was in full catastrophe mode. I'm glad I did, but I can't claim magic wisdom. I don't know how kids are supposed to get good life/career advice. I surely didn't. Perhaps the only thing I can reasonably suggest is that peopl…
What kind of job do you do? You sound like me, with the exception that I'm at the start of my career and am getting rejected everywhere the past year. I've been a coding bootcamp instructor and was praised by students for my communication. My friends are mostly entrepreneurs, consultants and business people and I talk quite a bit about business with them and my coding skills relatively to that are alright.
I'm aware of how awful this is going to sound, but I'm totally unfamiliar with the process of applying to tons of places and getting rejected. When I'm short work I call up a gig company like TekSystems and most places I interview I get an offer. I am not particular about the kind of work I do, so if someone meets my $ requirement, I usually accept the first offer I get. It was always like that, even in the early days before I had a resume/experience. I wish I had some wisdom to offer in that regard, but I got nothing. I'm not particularly charismatic or anything. In fact, I'm a bit on the spectrum. I'm smart, but not crazy smart, about 120 iq if that's a thing that concerns people. I'm also a college dropout.
To add a minor expansion on the "skill stack" concept, I'd introduce the phrase "think like a ____." The thing I spend the most time with mentoring is teaching people who to think like a programmer. You'd think that would come with the degrees, but it really doesn't. Regarding your skill stack and spending time around consultants/entrepreneurs, do you think you can think like an entrepreneur? A person can know a lot of history facts, but not know how to think like a historian. This is a really important threshold to get past in the building of a skill stack. Think about something you're really good at and think about what it means to think like one of those. Maybe you're a gamer. Do you understand what it means to "think like a gamer?"
Why do you guys assume that this crisis will hit software development? As far as I can see software development will be one of the fields least hit, possibly even benifiting, by the fallout of the Corona-virus.
Fields that may grow: medical services and support, small-scale short-distance tourism (after 6-12 months), small scale web dev, military spending, government support and consultancy, space[2].
Basically a bimodal economy with a lot of money coming directly from government spending instead of via investors, but some small-scale green shoot opportunities for small local-interest businesses. The big corporates will survive, but with job losses and a general contraction. Medium-sized businesses and wannabe-unicorn gamble startups will be hit hardest. (Some will be ok. Many won't.)
[1] You might expect it to grow, but supply chains are going to be damaged and most people are going to have less money. Some people will have no money at all. Selected narrow sectors may buck the trend.
[2] Because there won't be a lot of other obvious places to invest. Also, everyone loves a bit of drama and optimism.
The dot com burst was way worse than today. One reason is that back then the industry was 10% of what it is today, or even less. The other reason is that social distancing is creating the need to start selling online for a lot of small brick and mortar shops. Most of web development companies I know are overwhelmed by the demand in the last weeks. So we might be one of the few industries that benefits from all this m…
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I'm neutral on the market right now, I don't think it's entirely unfairly priced. NASDAQ is in the best shape of the indices because tech companies don't seem hugely affected by all this insanity. Most major investment banks are expecting a huge boom in Q4/Q1 and return to business as usual. COVID new cases are trending downwards across all major economies (except the US, to follow soon) [1] I'm actually feeling bett…
The issue is without herd immunity or a vaccine this can all start up again from a single case anywhere in the world. That’s a lot of uncertainty.
You graduated in one of the most well paid, expanding industry of the last 40 years and made it. Excellent.
https://en.wikipedia.org/w/index.php?title=Survivorship_bias...
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What kind of job do you do? You sound like me, with the exception that I'm at the start of my career and am getting rejected everywhere the past year. I've been a coding bootcamp instructor and was praised by students for my communication. My friends are mostly entrepreneurs, consultants and business people and I talk quite a bit about business with them and my coding skills relatively to that are alright.
I don't really have a specialty. The last 3 years I've been doing Identity and Access Management. Before that I've done everything from physical security systems, insurance, enterprise web development, truck dispatching, point of sale... all over the place really. I'm aware of how awful this is going to sound, but I'm totally unfamiliar with the process of applying to tons of places and getting rejected. When I'm sho…