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Tell HN: Job interview canceled due to looming recession

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Re: Tell HN: Job interview canceled due to looming recession

#501

Post by rad_gruchalski »

hiq wrote: post #457
zmxz wrote: post #450

Earlier quoted context omitted.

Then you also don't have any problem if better candidate appears and challenges your position, right?

How is that related? That can already happen if a company decide to have this approach. See also companies that have PIP targets. Presumably companies have a good idea of employees' skill sets when they hire them, or they terminate the contract by the end of the probation period, so they can also plan for this necessary learning.

> How is that related?

It’s related in the sense that if your set of skills becomes irrelevant, you get replaced. Want to keep your job then learn the things reqiured to keep your job.

Say you’re a truck driver. You have your license to drive a truck and every year you need to do your vision test to keep your license. If one day you have to buy glasses, well, tough luck - they come out of your pocket. Otherwise you can’t drive and your employer cannot put you on a truck.

Here, your skills are your glasses.

Re: Tell HN: Job interview canceled due to looming recession

#503

Post by Dave3of5 »

eastbound wrote: post #390
Solvitieg wrote: post #252

Earlier 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…

Do you feel better now ?

Re: Tell HN: Job interview canceled due to looming recession

#504

Post by rsecora »

It was quite common by 2000/2001 (Burst of the dot.com bubble) and again in 2008 (Financial Crisis).

It was 2001 when a mayor semiconductor company stop the hiring process two days before signing the contract, and one week after leaving previous company. At the end it was an opportunity get out of the comfort zone.

My advice:

   * Keep on moving 
   * Be bold
The recession will pass and the market will be hot again.

Re: Tell HN: Job interview canceled due to looming recession

#505

Post by jjice »

WoodenChair wrote: post #399

This 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, t…

To add on, but still anecdotal, my company announced slowed hiring, but all our current plans for hiring will be finalized. I'm interviewing multiple candidates (SWE and others) over the next few weeks.

Re: Tell HN: Job interview canceled due to looming recession

#506

Post by WisNorCan »

dchftcs wrote: post #408
dcchambers wrote: post #309

> Is demoralizing to find out I spent 4 years in school just to get into a really harsh job market. I know it doesn't make your experience any better, but this is *not* a harsh job market. Yes, some companies are pulling back/slowing down/pausing hiring, but there are still far more software jobs available than people to fill them. > What companies or roles will be more resilient? Those that are or can quickly become…

2001 was a harsh job market. 2008 was a harsh job market. I think 2022 is still a better job market than most of the past decade.

So far. We are early in the cycle. Hiring freezes and layoffs are just starting.

If this keeps on for multiple years (like the dot com bust) then it will get very painful.

Re: Tell HN: Job interview canceled due to looming recession

#507

Post by WisNorCan »

DeathArrow wrote: post #380
sulam wrote: post #310

Earlier 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.

And all companies that focus on selling to other startups. Like Brex. They were the first to pop during the dot com bust.

Re: Tell HN: Job interview canceled due to looming recession

#508

Post by simonswords82 »

I started my business in 2007...a great first year and then a global economic recession like none other. We got through that one, we'll get through this one.

Media will have you believe that everything has gone to shit in a recession. Don't read the papers and stop looking at the stock market. They're only two viewpoints - there are businesses and individuals who do VERY well in a recession. It's not all doom and gloom.

Re: Tell HN: Job interview canceled due to looming recession

#509

Post by uvdn7 »

scottlamb wrote: post #196

> 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…

At the time, it's very hard for Google to predict how bad things could be. Ads business tends to get hit very hard when the overall market is in a bad shape, no matter how great the search engine is.

Re: Tell HN: Job interview canceled due to looming recession

#510

Post by TradingPlaces »

sp332 wrote: post #491
TradingPlaces wrote: post #488

Amazingly, no one is questioning whether there will be a recession or not.

Hiring will still slow down if growth slows, even if it doesn't go negative.

The hiring rate is at an all-time high, so yes. https://fred.stlouisfed.org/graph/fredgraph.png?g=POYy
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