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Panic at the Job Market

matt.sh

191–200 of 1001 posts

Re: Panic at the Job Market

#191

There’s a company in between initial growth and stable company, which has become increasingly relevant. I don’t have any fancy name for it, but it’s the one where your company gets bought by private equity and “creates efficiency” by laying half of your company and limps across the 3 year tax mark as a tired old dog, changing hands again.

Not a startup, but a winddown (wind down)

Re: Panic at the Job Market

#192
post #151
post #86

Hiring people (mostly engineers) has been my full-time job now for about 15 years and I found myself emphatically agreeing with a lot of Matt's criticisms of modern hiring. Most tech interviews are as relevant to job performance as if hiring a baker required interviewing them about how electron orbitals bind worked gluten together then rejecting bakers who don’t immediately draw a valid orbital configuration. Matt's…

except that referral hiring isn't a thing almost anywhere I know because I've referred people I KNOW are great SE's and I'm literally willing to vouch my own employment for, and they still get treated no different to any other candidate

Yeah, at best I've seen is it gets you in the pipeline without being ghosted, but you still jump through the stupid hoops.

Re: Panic at the Job Market

#193
post #94
post #64

It really sucks right now, but recent grads and juniors are suffering the most right now, to my understanding. There's an over-production of CS grads, as the industry looked very lucrative, so a lot of people decided to go software engineering route. It's hard to make a case for start ups to bet on inexperienced people. For mature companies, why pay for 2 juniors, when you can get a senior for 1.5 price, who might do…

> ” It's hard to make a case for start ups to bet on inexperienced people. For mature companies, why pay for 2 juniors, when you can get a senior for 1.5 price, who might do the same work. In the previous years even C-level companies had internship-to-full-time pipelines, but now it looks more scarce.” I agree with you, and think the value proposition for these companies to hire junior talent is especially unappealin…

The idea is that while the newly trained junior could leave they would choose to stay to continue receiving the benefit of further training.

It pertains to the build vs exploit cycle of managing opportunities, it’s in the workers interest to stay in the build phase, it’s in the companies interest to stay in the exploit phase. A case could be made where the difference would be split where the worker on average spends some time in the build phase and some time in the exploit phase. Accepting a lower salary for continuing training is one way to do that.

Training isn't supposed to be one and done, with a single build phase followed by a constant exploitation.

What companies are trying to do now is even worse by starting in the exploration phase and staying there.

Re: Panic at the Job Market

#194

What in the world is a poetry lockfile

Poetry is a dependency manager for python projects (https://python-poetry.org/). A lockfile is a generic mechanism to serialize mutations to a resource, in this case, probably the file that stores the project's dependency configuration.

Re: Panic at the Job Market

#195
i find myself mostly agreeing here. I am still very new into my carrier so trying to avoid being jaded. What's the solution for people like me that want a new position? Get good? Connect more?

Re: Panic at the Job Market

#196
post #54

Wild that explanations of the tech job market like this are still being written without referencing the tax consequences of Section 174 changes.

Will Trump reverse these changes? Will he lower interest rates?

I mean, given that he _caused_ these changes (they're a consequence of the 2017 Trump tax 'cuts'), probably not, though then again he's not noted for his consistency.

Re: Panic at the Job Market

#197
post #64

It really sucks right now, but recent grads and juniors are suffering the most right now, to my understanding. There's an over-production of CS grads, as the industry looked very lucrative, so a lot of people decided to go software engineering route. It's hard to make a case for start ups to bet on inexperienced people. For mature companies, why pay for 2 juniors, when you can get a senior for 1.5 price, who might do…

> It really sucks right now For me, it's been the opposite: the last 2 years have been the best time I've had working in tech since the early 2010s. Around 2019 I was seriously considering leaving the field (if it didn't pay so much) as the entire industry had turned into a bunch of leet code grinding, TC chasing, mediocre drones. It was incredibly hard to find people working on actual problems let alone challenging/…

I agree. Despite high compensation and a hiring boom, or perhaps because of it, 2020-2022 was the worst time to work in tech. I knew interns in 2012 who could code circles around those bootcampers turned “staff engineers” in 2021. Everyone at my series B employer turned into a “manager” or “leader” overnight. Being a shitty B2B SaaS meant that sales ran the show and our product was absolute dogshit.

2023 was awful too because everyone stayed put — we somehow avoided layoffs — even though they were absolutely miserable.

Now in 2024, I’ve just started a job search and things seem much better. There’s actual innovation now and I feel a sense of optimism about the future of tech that I haven’t in 10 years.

Re: Panic at the Job Market

#199
post #81

It seems the author purposely tried to make this article as long as humanly possible. That's not going to make me want to read it more or think you, the author, are very smart because you write a lot of words. Edit your blog post down to a few hundred words and then I'll read it.

Yeah looks like they were hoping that if they maximize the word count they will automatically "win" SEO.

Seems totally backwards. They were venting and just... kept venting without end? You don't have to read it.
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