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Ask HN: With recent layoffs, how would you advise new grads entering the market?

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Ask HN: With recent layoffs, how would you advise new grads entering the market?

#1
The tech sector underwent rapid manpower growth, and recently, rapid reduction [1,2,3].

What advice do you have for new grads in CS/EE fields looking for jobs? For example, I am finishing my PhD in AI-related work this spring. Colleagues I've talked to in several companies have told me about frozen hiring. Is this true in your experience?

Is it better to get any job than keep searching for the job I'd be most suited for? Should I reach directly to managers in different teams? Who are the best people/kinds of firms to reach out to when the industry is slowing hiring?

[1]: https://layoffs.fyi/ [2]: https://news.stanford.edu/2022/12/05/explains-recent-tech-layoffs-worried/ [3]: https://www.cnbc.com/2023/01/05/tech-jobs-hit-the-hardest-by-layoffs-last-year-report.html

Re: Ask HN: With recent layoffs, how would you advise new grads entering the market?

#3
It's the usual - be as employable as you can, search for a job, apply, interview, get hired. I don't think that you need to do anything special just because the market is worse. When you start applying you'll find out how difficult the market is for you specifically (given your education, location, field etc), and you can adjust your expectations from there if you need to.

Maybe startups specifically look worse than other companies right now? But I never got the appeal of startups anyway (more likely lower pay, less stability, more likely to have poor work life balance and have to deal with inexperienced management).

Re: Ask HN: With recent layoffs, how would you advise new grads entering the market?

#4
We'll see where this all goes, but for now it seems like most companies are just reverting to where they were in 2020-2021. It's not a complete catastrophe (yet), but the open pipeline into FAANG is pretty well closed. You can still find jobs, but you might not be wildly overpaid like you would have been last year.

Re: Ask HN: With recent layoffs, how would you advise new grads entering the market?

#6

Don't see layoffs as an indicator of industry health. These are corrections, not melt downs. Go apply and do interviews, there are plenty of companies looking for talent.

Indeed, as an example, look at the stock prices for the last 4 years (20-22 bubble/where-else-does-money-go-when-all-work-is-remote), or even just startup valuations and round raises. Perhaps a useful question is about open positions at these companies doing layoffs and how many SMBs still exist for hiring, and are actively.

Re: Ask HN: With recent layoffs, how would you advise new grads entering the market?

#7
Don't pigeon hole yourself into only skills or techniques too niche, but also make sure you learn skills unique to you within the organization. Essentially make yourself irreplaceable but also ensure you stay marketable.

Beyond that always keep looking at what's out there and network, network, network.

Starting out is hard, but after you put a bit of time in your resume will begin to speak for itself. For what your resume can't do for you that is what your contacts within desired companies are for.

Also, contributing to open source projects is great material for the resume!

Re: Ask HN: With recent layoffs, how would you advise new grads entering the market?

#10

The key thing is to teach people to be able to ride the storms. Don't get caught with your pants down by having discipline to save.

Will echo this. Stashing away for a rainy day is wise in any industry and for everyone. Live below your means and save away.
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