Basically the entire market is dead right now.
Job trends of HN Who Is Hiring?
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Re: Job trends of HN Who Is Hiring?
#42Earlier quoted context omitted.
For one data point I always did better with a short, generic cover letter than a customized one. Maybe employers like you more if you don’t look too interested?
But these days half of the employers ask why you want to work somewhere, which is gauging interest. So unsure. Plus, I haven't had success with my previous cover letter. So I figured I'd change something.
The goal at this stage isn’t to get a job offer, it’s to start a conversation. If you’re being asked why you want to work somewhere, I’d consider that a winning cover letter/resume.
That said, I’ve job hoped my entire career and have never once written a cover letter since a college workshop where I had to in order to earn course points.
Re: Job trends of HN Who Is Hiring?
#43IPO market is still dead. VC companies are all stuck in PE purgatory. AI was a bright spark but now Deepseek is killing that dream too.
this is something i dont understand because P/E's are so high, why so few IPOs?
Re: Job trends of HN Who Is Hiring?
#44What a great reply this graph can make the next time we see VCs on X complaining how, "Everyone I talk to has so, so many engineering positions they just can't fill". By these measurements, the job market looks worse now than it did at the troughs of lockdown.
Midpandemic was great for hiring in my memory, but I guess that was after the lockdowns probably.
Re: Job trends of HN Who Is Hiring?
#45Trends? Start your own business because nobody is hiring. That's the trend i'm seeing... sigh.
Sincerely, yes. A lot of talented people are struggling right now, but could take the time and energy they're spending on fruitless job applications and devote it to some modest-scale side project with commercial potential. Worst-case scenario, you get an interesting portfolio project and something to talk about at a future interview. Possibly, you get something that pays the bills and avoids having to deal with ever…
Few people, even in decently earning roles like in tech, will have the runway to try and make something successful on their own all of a sudden after job loss.
Starting a freelancing practice is more likely to bear fruit, but it's a very different ballgame of overheads than "just" the core job itself, if you want to get the full rewards of being a freelancer.
Re: Job trends of HN Who Is Hiring?
#46Trends? Start your own business because nobody is hiring. That's the trend i'm seeing... sigh.
Web 2.0 came out of the dotcom bust. As a HN oldtimer, I really wish I was seeing more posts on HN about people partnering up to build cool stuff right now given there’s ton of collective idle bandwidth out there. Maybe it’s happening somewhere else and HN is not the place for that these days?
Re: Job trends of HN Who Is Hiring?
#47I know this doesn't make things better, but it bears repeating: much as the media would like it to be, this is not caused by AI. Two major things happened in 2022 that everyone knew would cause this if they stuck around: * The Section 174 changes went into effect, requiring all software to be expensed as R&D, which means it can't be deducted from profits directly and instead has to be amortized over 5 years [0]. * In…
I really don't understand why nobody is talking about it anymore. It's a big deal for startups.
Re: Job trends of HN Who Is Hiring?
#48I know this doesn't make things better, but it bears repeating: much as the media would like it to be, this is not caused by AI. Two major things happened in 2022 that everyone knew would cause this if they stuck around: * The Section 174 changes went into effect, requiring all software to be expensed as R&D, which means it can't be deducted from profits directly and instead has to be amortized over 5 years [0]. * In…
Thank you for posting this! I can’t believe section 174 is not more well known. I run a small software company and hiring an engineer is literally 5X more expensive as hiring a marketing or support person in a post section 174 world.
Re: Job trends of HN Who Is Hiring?
#49Trends? Start your own business because nobody is hiring. That's the trend i'm seeing... sigh.
Web 2.0 came out of the dotcom bust. As a HN oldtimer, I really wish I was seeing more posts on HN about people partnering up to build cool stuff right now given there’s ton of collective idle bandwidth out there. Maybe it’s happening somewhere else and HN is not the place for that these days?
Well, I tried to do something cool but I had rent to pay and kids to feed so I needed to get a day job (I was very fortunate to find one, on an HN who's hiring thread no less).
However, I don't have the savings a lot of people here seem to, perhaps because I'm in Europe.
Re: Job trends of HN Who Is Hiring?
#50I know this doesn't make things better, but it bears repeating: much as the media would like it to be, this is not caused by AI. Two major things happened in 2022 that everyone knew would cause this if they stuck around: * The Section 174 changes went into effect, requiring all software to be expensed as R&D, which means it can't be deducted from profits directly and instead has to be amortized over 5 years [0]. * In…
Yes but there is also another force that I see playing out now. With two decades of continuous training companies have grown an army of people overseas who can do any software or IT jobs at a level good enough to really be competitive to domestic workers. Offshore locations today are not the same it was twenty years ago both from quality and quantity perspective. No point in staying blind to this phenomenon.