71–80 of 143 posts
Australia has been fine. Amongst the big software engineering hirers (Google, Atlassian, Canva, big banks, WiseTech, AWS) only Google Sydney is known to be doing layoffs. Zendesk (Melbourne) did layoffs last year, but this was small scale I think, and mostly driven by their company-specific troubles.
Australia has been fine. Amongst the big software engineering hirers (Google, Atlassian, Canva, big banks, WiseTech, AWS) only Google Sydney is known to be doing layoffs. Zendesk (Melbourne) did layoffs last year, but this was small scale I think, and mostly driven by their company-specific troubles.
I'm a Tech Lead with a solid CV looking for a new gig. I'm finding it noticeably more difficult to get recruiter attention (let alone interviews) than I'd expected.
My gut feeling is that there are likely more candidates applying for any given job than there were late last year.
it should only affect USA. most companies depend on investor money (some to live, like tsla, uber. some because of bonuses tied to stock prices) those companies know that investor money is directly related to FED rate. if its zero, they get invested, if its high, people will put money to work elsewhere. they only lever they have to control fed rate is unemployment. they know they are hurting their business by laying…
Currently the US is at a 53-year low in unemployment.
Australia has been fine. Amongst the big software engineering hirers (Google, Atlassian, Canva, big banks, WiseTech, AWS) only Google Sydney is known to be doing layoffs. Zendesk (Melbourne) did layoffs last year, but this was small scale I think, and mostly driven by their company-specific troubles.
No layoffs at WiseTech.
Japan here. It does not seem to affect much. Companies look based on their performance. Interestingly, we got more applicants from the US and Canada recently. I heard multiple times that people want a "stable" job over higher comp. Especially young developers. Culture shift? Some companies actually raised salaries recently because of the cost of living (See the news about Nintendo and others). However the salaries in…
Maybe one could call it accepting economic reality..
I don't recommend pure development as a career here for people who want to earn big money.
it should only affect USA. most companies depend on investor money (some to live, like tsla, uber. some because of bonuses tied to stock prices) those companies know that investor money is directly related to FED rate. if its zero, they get invested, if its high, people will put money to work elsewhere. they only lever they have to control fed rate is unemployment. they know they are hurting their business by laying…
CEO while shining his monocle: "what can we do to lower the fed interest rate?"
CFO: "We can fire a bunch of our employees"
CEO: "But Total nonfarm payroll employment rose by 517,000 in January even with all the tech layoffs. We wont even make a blip "
CFO while twirling his mustache: "yes but us firing 10,000 will make us feel better at the country club and its sending a message that I'm positive the board of the Fed will listen to because we are very important"
CEO: "You're right, lets do it!"
Head of HR: "I'm asking this question while sitting on stolen land. How does firing 7% of the poors sound?"
Come on man.
Poland. On one hand it’s a bit slower on the other Google here hiring like crazy, Netflix opening up an office, Shopify acquiring whole companies… To me it seems like big tech fires in the US then look for cheaper workforce elsewhere. Or maybe just a coincidence?
Interestingly no comments from anyone in India considering that is the largest tech market outside the US and where majority of jobs are moving to and India seems to be one of the few countries growing and projected to do well in this economic slump environment. I guess all their developers are busy working so no time for HN.
Layoffs are happening more in the startups here. A lot of startups in the past few years hired like crazy and salaries also went through the roof. Established companies had tough time retaining people. Service companies are scaling down hiring, reducing the salaries for freshers and delaying onboarding.
https://timesofindia.indiatimes.com/business/india-business/...