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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

#11

Post by athrowaway3z »

ido wrote: post #5
yuppie_scum wrote: post #3

I can say without hyperbole that this job market is still incredible compared to post 2008 recession times. Especially comparing apples to apples at the entry level. What you can do to prepare is just to keep getting better at the skills people are looking for.

Isn’t it too early to tell? The crash is very recent.

I like your optimism but what crash? Things might get much worse. Or not.

There are many things happening at once.

One that I think people are underestimating is baby boomer money. They are retired/retiring. It doesn't feel comfortable with the same risk that was acceptable in the last decade. That will suck at an unprecedented amount of liquidity from the system.

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

#12

Post by isbvhodnvemrwvn »

Keep in mind that it might be (or might not, impossible to predict) a preemptive decision due to uncertainty, not necessarily due to actual changes they see. A company I worked at when COVID started also had a hiring freeze, but had the best result in years during 2020-2021 due to the market situation.

Ultimately all companies are linked to a market of some sort which in the end can see growth or shrinkage if a crisis comes, you can't do anything about it.

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

#13

Post by neoxone »

bnt wrote: post #2

Their honesty should be applauded. Imagine they hired you and then had to fire you in 6 months. Keep in touch with the PM if you liked them and see how they perform in the next 12 months.

You are totally right, I really appreciated their honesty. As mc32 stated, if I was hired, in case of recession as a recent hire I would one of the first ones to go. The PM asked me if I would like to get contacted in the future to continue with the process in case things get better, to which I replied yes. I'll keep an eye on them.

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

#14

Post by neoxone »

codegeek wrote: post #10

The screenshot has the word "bootstrapped" which makes sense. Unless you have free VC money to throw, startups and smaller companies have to really watch their spending and as VC money is drying up (supposedly), this is expected. Having said that, I think in 2022, there are lot of companies tech and non tech that are still hiring as the demand for tech jobs is a lot more than what we had during 2001 or 2008 crash. Yo…

Good point, definitely the demand for these jobs and our tech dependent lifestyle is completely different nowadays than 2 decades ago, that didn't crossed my mind... it really gives me a new perspective

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

#15

Post by jghn »

I encountered this a lot in the 2001 drawback. There were mini pockets though. Things would dry up. Then people would start interviewing again. The next shoe would drop. Rinse, repeat. It was more typical of smaller companies but wound up being across the entire industry.

I didn't wind up job hunting in 2008 so can't speak to that.

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

#16

Post by neoxone »

devKnight wrote: post #4

There are still people hiring, there's always work out there. I'd put up a post in the "freelancer" and "who wants to be hired" posts next week here on hackernews. Maybe you can get some bites that way, I've gotten work through that in the past.

Thanks for the advice, I will definitely check "whos hiring" next week.

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

#17

Post by Apocryphon »

isbvhodnvemrwvn wrote: post #12

Keep in mind that it might be (or might not, impossible to predict) a preemptive decision due to uncertainty, not necessarily due to actual changes they see. A company I worked at when COVID started also had a hiring freeze, but had the best result in years during 2020-2021 due to the market situation. Ultimately all companies are linked to a market of some sort which in the end can see growth or shrinkage if a crisi…

Yeah, you have to wonder how many people who were let go in Q1 2020 because of lockdown uncertainty were let go needlessly based on how tech rebounding in the following months.

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

#19

Post by the_only_law »

jghn wrote: post #15

I encountered this a lot in the 2001 drawback. There were mini pockets though. Things would dry up. Then people would start interviewing again. The next shoe would drop. Rinse, repeat. It was more typical of smaller companies but wound up being across the entire industry. I didn't wind up job hunting in 2008 so can't speak to that.

From the sound of it, my timing going back to school may just work out.

Though I’m kinda curious if the affect is outsized mostly in the SV, VC pumped side of the tech industry. I work for what technically could be considered a tech startup but is backed by companies with heavy domain experience and traditional investment firms. As far as I’ve heard we’re still in a hiring storm.

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