Amazingly, no one is questioning whether there will be a recession or not.
Tell HN: Job interview canceled due to looming recession
491–500 of 576 posts
Re: Tell HN: Job interview canceled due to looming recession
#492> 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…
Don't feel too bad about it. You were using what resources you had to give yourself a more stable future. If you still feel bad, use the more-stable future you've made to help others in some way.
Anyone with the money to invest and a long-term view can invest in a dip and come out strong. Buy when there's blood in the streets, etc. I doubled an investment's value (XOP, an oil index) because I bought when oil was in crisis a few years back, and sold for nearly 2x when the war in Ukraine kicked prices up. Technically war profiteering, but it's not like I planned it that way.
If a recession comes during a student loan pause, I'll be putting that would-be loan payment into the market if I don't need it to survive. If my car is paid off by then, even better, as I'll have more available funds to contribute to my portfolio.
Re: Tell HN: Job interview canceled due to looming recession
#493Earlier 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…
Currently working in a company that's short staffed but there's a seemingly endless amount of work.
Things might be so charitable in many companies out there for all I care, but that's definitely not the situation everywhere.
Then again, at least in my current company things are nowhere near as bad as 996, but please don't ignore such problems either: https://en.wikipedia.org/wiki/996_working_hour_system
One might also bring up the fact that people in "outsourcing" countries also don't have such nice WLB.
> Not willing to study afterwork to improve their career,
Most of the stuff i've learnt (Docker/OCI, Swarm/Kubernetes/Nomad, CI/CD concepts, monitoring, different architectures and new languages) all were in my free time, because the tech stacks at work were somewhat dated and would pigeonhole me into maintenance roles and similar enterprise messes.
Then again, one can and should make the point: doctors don't practice their craft over the weekends, why should software engineers? Do cashiers have to do unpaid work after hours? Do teachers? And if yes, is that okay? Shouldn't your work be compensated, instead of cutting into your free time?
> Not willing to work on legacy products where we pay them 40% more.
Currently the oldest project that I'm working on is like 8 years old and it's a mess. Recently tried modernizing it, would recommend that NOBODY ever try to do that, since I learnt almost no new skills at the expense of massive amounts of stress and struggling with problem after problem, just to keep this old monolith alive.
40% might seem nice at a glance, but what about the alternative costs of not learning new and relevant technologies and thus getting passed up for new work opportunities? What about suffering daily due to needing to waste your time with some dated mess, since most old code is unwieldy to work with at best and horrible at worst?
> In the first 2 years, I can pay someone 35 -> 50 -> +10k bonus, and they’ll leave for a job at 65 going 75 with a tech stack that ticks all boxes.
That is largely how the industry is and I doubt that I can blame people for wanting to maximize their own earning potential, especially in the current financial climate.
Of course, once again this doesn't really match up with my own circumstances, given that owning a home might take about 10 more years of saving money for me, given that I'm not as well paid as all these other developers.
> You can teach them React + SpringBoot + Kubernetes, and they’ll still leave because company XYZ does AWS + Neo4j + AI… while still not fixing spelling mistakes in the UI and still in the habit of downloading and entire DB tables and filter them in the Java side, and seeing no problem asking for a microservices architecture.
With this, I can mostly agree. If things like spelling don't matter to people, obviously they aren't going to pay attention to them.
But overall, I still find your points to be too focused on a particular environment. Developers everywhere doesn't have it quite as good to begin with, no matter how much of an echo chamber HN can sometimes be.
Then again, last i checked, a Google employee would bring in around ~20x more profits for their company than I would (with some oversimplified back-of-the-napkin maths): https://blog.kronis.dev/articles/on-finances-and-savings
Re: Tell HN: Job interview canceled due to looming recession
#494Earlier quoted context omitted.
There are risks, yes, but fundamentally we are still an industry that has a lot of upside, vs many others. In a recession many businesses will contract, but it's a rare large tech company that will do more than pause some forms of spending. Even when you hear that hiring is paused at the big tech companies, they will usually still be backfilling departures, and they won't be doing significant layoffs. The exceptions…
>The exceptions are companies with large service-based businesses that may or not qualify as tech companies based on your definition. Like Amazon and Netflix? And if companies are spending less for online ads, that can hit Google and Facebook, too.
Re: Tell HN: Job interview canceled due to looming recession
#4951. Bootstrapped business are very good at cash management because they usually don't have a lot of cash.
2. Better to never be hired than hired for three weeks and laid off.
3. Software development is still an awesome industry to be in and there are still far too few developers than there are jobs at all levels.
4. Look for companies that have customers that continue to buy in a downturn if you fear recession. Companies that serve government, healthcare and energy industries tend to be safe, but they usually pay less than other industries.
Re: Tell HN: Job interview canceled due to looming recession
#496> 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've been in the industry for 27 years now. People who entered the tech job market after 2015 are in for a rude awakening IMO. Especially those whose experience is primarily FAANG-MULA and similar. This market very much reminds me of 1997-2000 and 2001-2003 was UGLY.
Six months of multiple recruiters every day calling. One day the calls stopped. 3 years before I could get a tech job.
Chilled at RadioShack during that time with other engineers who had way more experience than I did, but couldn't find work.
Re: Tell HN: Job interview canceled due to looming recession
#497Earlier quoted context omitted.
Unfortunately this will be a 3-sigma recession. Once every 100 year type of thing. The last one lasted 10 years followed by a major world war. If you want to look at what happened to advanced economies that got a taste of credit bubbles Japan is a very good example. 40 years later and still have not reached their ATH. So if that dot com bubble lasted 2 years, this recession will last a lot longer. In addition the doo…
And yet everything will return to normal in 8 months time
Re: Tell HN: Job interview canceled due to looming recession
#498Earlier quoted context omitted.
Isn’t that pretty great? Get paid for 6 months of relatively light ramp up time and then a few months worth of severance for some time off once fired?
> Isn’t that pretty great? Get paid for 6 months of relatively light ramp up time and then a few months worth of severance for some time off once fired? Not great at all. For anyone reading your resume in the future, it's impossible to know if you were let go due to no fault of your own, or if you were let go for cause after a probationary period expired. I personally don't hold a single short job against people, but…
With how racist and sexist many companies are now, it's getting harder to find a safe one to hire into where I can just do my job and not get involved in political stuff.
Re: Tell HN: Job interview canceled due to looming recession
#499Earlier quoted context omitted.
Heresy!
Home time is personal time. Here I deal with family, chores and self-connection. If you want me to learn stuff and be better and my job you will have to give me time, company time, for that. We are not machine. In France it is mandatory for the company to give time for training. Thanks unions. https://www.legifrance.gouv.fr/codes/id/LEGISCTA000006189881...
Counterpoint: if you want to stay relevant in technology and be above regular level, you gotta have the passion for it and that implies doing your homework.
Look at it from another perspective. If you want to play a guitar in a band for money, you don’t require the band to give you “time to learn”. You learn on your own time.
If you don’t want to learn, you become irrelevant and get replaced.
Re: Tell HN: Job interview canceled due to looming recession
#500Earlier quoted context omitted.
Software will be fine for people who are in an unknown top X% of developers out there. Depending on how bad this is that might be the top 80%, it might be the top 1%. The industry is so crazy now because of the last recession. Investors didn't know where to put their money after the real estate collapse and they decided to pour it all into funding startups hoping, at all costs, to catch the next Facebook. We're start…
Most people in 2010 would’ve taken a $500B or even $300B market cap FB as a major tech company right now without any expectation of getting too much bigger than that ever. $300B, $400B, $500B are still top 25, 15, and 10 in the world today.
Just because this year’s inflation was high, there’s nothing extraordinary about overall inflation in the post-GFC period.