Just keep interviewing. This maybe your first recession. Advice, just keep swimming. If a company freezes hiring because market conditions then they might be too volatile for you. Try a larger organization that has funds to weather the storm.
Tell HN: Job interview canceled due to looming recession
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Re: Tell HN: Job interview canceled due to looming recession
#392Earlier quoted context omitted.
> Overall, I'd say relax a bit. You're still in a good situation. Recessions are hard for many, but software engineers were among the best off during the last one and I expect will be this time also. The demand for software engineers was driven partly by zombie app and saas companies all competing for "top talent", dependent entirely on free cash but without sustainable business models. On top of that, the "demand" n…
At risk? We’ll just stop having overinflated salaries. The current situation is insane for employers: - Employees are not willing to put a little extra (paid extra, I mean - and we’re at the 35hrs week here), - Not willing to study afterwork to improve their career, - Not willing to work on legacy products where we pay them 40% more. - In the first 2 years, I can pay someone 35 -> 50 -> +10k bonus, and they’ll leave…
> - Employees are not willing to put a little extra (and we’re at the 35hrs week here),
> - Not willing to study afterwork to improve their career,
Some of your points make sense but these two…
Re: Tell HN: Job interview canceled due to looming recession
#393I'd advise looking for roles at established profitable companies because they are more likely to weather any potential recession (if one happens - I'm not yet convinced this isn't just a long overdue correction). I just left one FAANG for another, meanwhile my friends are joining small risky crypto startups. Personally, I don't share their appetite for risk.
Re: Tell HN: Job interview canceled due to looming recession
#394companies with consistent revenue are doubling down on hiring atm - think Atlassian, Cloudflare, etc
Be wary of taking a job with a tool maker. They can be hit hardest, eventually.
Re: Tell HN: Job interview canceled due to looming recession
#395I am about to graduate college and start the job hunt. Should I be especially concerned about a potential dearth in entry level roles over the next 6-12 months?
You don't have to outrun the bear (market), you just have to outrun your friends. If you can bring your A game, than you have nothing to worry about. Starting salary may be lower, so you will probably have to aggressively move on to the next company once the hiring market improves.
Graduates also have the advantage that they’re relatively cheap to hire.
Re: Tell HN: Job interview canceled due to looming recession
#396> I hope some experienced people in the industry can give some hope and advice. Is demoralizing to find out I spent 4 years in school just to get into a really harsh job market. First pandemic, then recession? F... Overall, I'd say relax a bit. You're still in a good situation. Recessions are hard for many, but software engineers were among the best off during the last one and I expect will be this time also. > I wan…
I managed to work as a contractor during 2003, after that the market became better. I guess that's the tendency - employment opportunities are going to be kind of short lived.
If you didn't manage to get into a job that is business critical, then I wouldn't count on a steady job. they like to get rid of the workforce in layoff rounds. For me that was very depressing, in the end i was laid off in another of these layoff rounds.
But still there is demand for getting stuff done, and places will be more inclined to hire people specifically for a set of tasks, on a contract basis.
I still hope it is not going to get that bad; I didn't have a wife and three kids to feed back then, also I was some twenty years younger. In any event: my advice would be to keep your savings and refrain from taking up any new loans...
Re: Tell HN: Job interview canceled due to looming recession
#397Earlier quoted context omitted.
At risk? We’ll just stop having overinflated salaries. The current situation is insane for employers: - Employees are not willing to put a little extra (paid extra, I mean - and we’re at the 35hrs week here), - Not willing to study afterwork to improve their career, - Not willing to work on legacy products where we pay them 40% more. - In the first 2 years, I can pay someone 35 -> 50 -> +10k bonus, and they’ll leave…
> - Employees are not willing to put a little extra (and we’re at the 35hrs week here), > - Not willing to study afterwork to improve their career, Some of your points make sense but these two…
Indeed, they should study at work.
Re: Tell HN: Job interview canceled due to looming recession
#398Earlier quoted context omitted.
> The paradigm shift occurred in March... Where can I watch to see updates on this topic? Stock market I guess? Is this due to Ukraine/China (production reliance) or just the aftermath of pandemic?
You can also read the news of tech layoffs and hiring freezes
With a quick google you'll find tons of recent job posts for software engineers and drastic stats for unfilled software engineer positions. Meta, Netflix, and Twitter come to mind as big tech that are struggling, but they are stand outs because pretty much all the other tech like Google, Microsoft, Amazon, Nvidia, etc. are still actively hiring and happily scooping up engineers that are being laid off. The impact on the hiring market for engineers has been negligible so far.
Re: Tell HN: Job interview canceled due to looming recession
#399This is totally anecdotal, but earlier this month, in a two week period, I interviewed with 8 different companies. None of them pulled out or hinted they were pulling out. I wrote about the experience here:
https://www.observationalhazard.com/2022/05/my-experience-wi...
I bring this up to present a counter to your experience and encourage you to keep applying. While I'm doubtless many companies have/will pull back, there are also many that are continuing to hire.
Re: Tell HN: Job interview canceled due to looming recession
#400> What companies or roles will be more resilient?
Maybe the right question to ask is: which industries will still be essential in a downturn?
There will still be food production, health care, transport, energy, telecommunication, manufacturing, ....
The closer a job is to enabling tangible things that our society needs, the less likely it is to go away.