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I anticipate it being a bad time for middle managers with no skills outside of that.
Was there a bubble? There is noone with a conscience who can claim there was not.
Is there still a bubble? I think so. I think a combination of current fiscal policy combined with a need for companies to react to their stock price (fiduciary duty to investors) will result in cuts almost everywhere.
Stay safe out there.
What answer would you like?
In London at least. Tech companies dislike the fact there aren't enough engineers to fill roles which has led to a few things. 1. Permanent salaries on the increase that also has a trickle down effect on other related IT roles. 2. A healthy contracting market with rates steadily increasing despite IR35. Contractors are deciding what they'll be paid and are still be lapped up. Nothings worse then a late or undelivered…
Curious what a typical top 10% contracting rate in London is?
Architecture roles - which to some companies meant spending time coding (yay) and to other companies spending time on non-coding activities; aligning teams, strategy, planning, managing stakeholders, slide decks etc...
In London at least. Tech companies dislike the fact there aren't enough engineers to fill roles which has led to a few things. 1. Permanent salaries on the increase that also has a trickle down effect on other related IT roles. 2. A healthy contracting market with rates steadily increasing despite IR35. Contractors are deciding what they'll be paid and are still be lapped up. Nothings worse then a late or undelivered…
Previously Londoner for ~8 years here. I can confirm the six month unfilled position period has been going on for at least a few years now. If anything else, and at least on the high(ish) end of skill and seniority there's an artificial reverse bubble that I can only attribute to the almost pathological and almost allergic insistence of UK employers to have as few well paid employees as possible.
The supply of CVs for any position we open there for mid/senior positions is a trickle compared to the UK, and it's not really been like they're all perfectly qualified, there's a lot of 'noise' too. We let go of any geographical constraint, as long as you're willing to work close to our time zone and in a nation that we're legally allowed to do business with, then we'd consider it.
In short - if you're an established engineer who's easy to work with and has some initiative, I would not be worried. Salaries/raises might slow down, inflation is here and is going to bite you, but such is life.
In London at least. Tech companies dislike the fact there aren't enough engineers to fill roles which has led to a few things. 1. Permanent salaries on the increase that also has a trickle down effect on other related IT roles. 2. A healthy contracting market with rates steadily increasing despite IR35. Contractors are deciding what they'll be paid and are still be lapped up. Nothings worse then a late or undelivered…
Curious what a typical top 10% contracting rate in London is?
These days it feels like the market is actually cooling down to me, but that could just be because I'm looking in the wrong sectors.
It's a buyers market, with such reliance on tech in virtually any industry I don't see a decline in demand for CS roles at least within the next decade.
I live in a European country and our salaries will not go down nor do I expect any layoffs. Your question is very US/Silicon Valley centric.
What? The European economic outlook is substantially more dire than in the US. The knock-on effects of EUR depreciation alone will be massive.
Given the rise of remote work, cultural proximity, excellent English skills in Europe (I even heard that there's a country that's full of native speakers although they do have a slight accent and an obsession with tea) this might not work out so badly for _some_ developers.