211–220 of 637 posts
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Aside from the debate about 'formally*' entering a recession - if you do abide by the strict two quarters of real GDP decline rule, the economy still added ~2 million jobs during those same two quarters and the economy grew at a nominal ~6%. I don't think we're quite to the "economic turmoil" phase of things.
Now subtract the deficit spending including the stimulus package from that nominal 6% growth.
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What about real wages, are they also increasing, or only nominal ones do?
> What about real wages “Real average hourly earnings decreased 3.6 percent, seasonally adjusted, from June 2021 to June 2022. The change in real average hourly earnings combined with a decrease of 0.9 percent in the average workweek resulted in a 4.4-percent decrease in real average weekly earnings over this period” [1]. [1] https://www.bls.gov/news.release/realer.nr0.htm
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At Google, upon entering the process, recruiters explain that an offer within engineering (including PM, T/PgM etc.) is valid for 12 months from the date of approval from the hiring committee. So while it can take a long time for someone to find a team match, that flexibility is also available for the candidate, so they get to keep declining teams that are not interesting until a real match for both sides is availabl…
I've noticed that many of the most "prestigious" places to work do a wildly fake process aligned with academia to recruit employees. It creates the illusion that jobs are coveted... They present you with challenges and questions over a long period of time which are actually directly tied to their own internal problem solving if you are a senior level hire as well (free work), and they catalogue personal info and data…
That’s why Facebook is trying to get you to stop looking at your phone and strap on an oculus….. there are no privacy guards there.
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Strong labor numbers would necessitate real wage increases, otherwise I do not see how it could be classified as strong labor numbers. But it can be negative for higher income groups and positive for low income groups simultaneously.
In fact, you are incorrect. Real wages have decreased YoY. Anything can be classified by “strong labor numbers” by people who are trying to deceive you. Remember this next time you turn the TV on or open a newspaper.
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Had a multi-month team matching phase followed by a 4-day exploding offer for ~50% below market and got blacklisted for a year or more when I didn't sign it. Great.
That's weird, most people I know with Google offers say they're good for a year or more.
Hiring processed has changed though, so I'm not sure if this is still true.
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Walmart’s tech hiring is a complete and total shit show regardless of the economy. I wouldn’t be surprised if they never get back to you. In fact (and you didn’t hear this from me), I’ve never witnessed a higher density of incompetence than when [SWIM] worked as a coder at their home office. Don’t work there if you want to maintain your sanity.
> [SWIM] What does this mean?
The Google internal propaganda game must be crazy strong if the actual employees are believing random management explanations designed to keep people from panicking. The US just formally entered a recession, in within a week of the economic turmoil multiple companies freeze hiring...
I don't think it's propaganda. Put yourself in place of a 30 year old who has only known a world where you're a highly in-demand whatever "in tech". You've never seen a day since you graduated where you're not flooded by recruiter emails. You've never worked a job that isn't 30 minutes of work and then the rest of the day is posting "day in the life of a FAANG employee" Tiktoks or being a paid activist. What's coming…
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A friend of mine spent ended up spending 9 months in the Google pipeline for a PM role. During the early phases of the cycle (1 month in) he received and accepted an offer at Capital One and joined as a PM. Spent 7 months at Capital One while still interviewing for Google, and then managed to get an offer and team placement. Surprised it took that long, but he's happy he stuck w the Google process.
I'm sorry, someone must have spiked my coffee this morning. Am I reading this right? Your friend spent 9 months interviewing for a single job? And then he decided that the company that had been trying to hire him for a pregnancy's worth of time was somewhere that he wanted to work after already having a job that hired him in a month? Is this 'normal' for the Goog? If so, why am I not shorting this company? No really,…
Basically it takes ~2 weeks of initial phone screening and scheduling, then another ~4 weeks that will involve setting up the full day of interviews and collecting feedback and making a decision on whether or not to hire.
So basically after ~6 weeks from first being contacted by a recruiter, you know whether or not Google wants you. This is not unreasonable for a large company.
BUT -- this is just as "generic PM". Because then there needs to be a match made between you and a specific PM position.
And so this is where you basically wait around for a PM position to be open that is in a geographic location where you're willing to work and the team thinks you're a good fit. If you're willing to relocate anywhere in the world (or especially Mountain View) it's not going to take anywhere close to 9 months. But if you're only willing to work in Boston, for example, it may very well take that long. Over those 9 months, you might wind up having ~3-hour interviews with 5 different teams seeing if you're a good fit. Also remember that even if a team wants you, you might decide you don't like the team (e.g. you want to be a PM on something closer to Waymo than to Ads).
Also remember that PM jobs aren't nearly as fungible as software engineering jobs -- if it's an enterprise product they might want a PM with an enterprise background, if a consumer hardware product then a PM with consumer hardware experience.
But it's not like you're having a new interview every week for 9 months or anything. It simply can take 9 months to match up the right person for the right role when there are geographic constraints.
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Strong labor numbers means wages would be increasing. Perhaps not for all income deciles, but at least the bottom ones (which is a good thing in my opinion since it helps close the income/wealth gap). What would be an issue is the labor participation rate decreasing, which it is, but it may be unavoidable due to things like aging demographics. That means fewer workers supporting non workers, and hence less supply of…
Also the US's demographics problem is peanuts compared to Europe and Asia.