The tech downturn seen through Hacker News comments

Post by richk449 » Thu, Mar 02, 2023, 6:53 PM UTC

antibasilisk wrote: post #40

andsoitis wrote: post #19

Earlier quoted context omitted.

> Rather than admit our economy no longer works What do you mean our economy no longer works?

everyone is exorbitantly indebted to everyone. At some point, someone has to put some reality back into the simulacrum because simulacrum does not feed your family

Post by UncleOxidant » Thu, Mar 02, 2023, 7:12 PM UTC

rinze wrote: post #70

UncleOxidant wrote: post #64

Presumably the right-most data point is from yesterday (3/1/23). Isn't there a potential flaw here in regards to that most recent data point? Whereas in previous months people had all month to post jobs to the monthly job posting thread, there has only been one day since the 3/1/23 job post thread was started. I think this script should be run on the last day of the month, not the first.

Yes, you're right. However, the trend during the last months is very clear.

Post by ActionHank » Thu, Mar 02, 2023, 7:49 PM UTC

rootusrootus wrote: post #44

JohnFen wrote: post #42

Earlier quoted context omitted.

It looks to me like, in the US, the downturn is limited to a specific subset of the tech space. Mostly the SV-style companies. The larger tech space, at least in the software engineering segment, appears to be largely unaffected. They even seem to be hiring at the same rate as normal.

Anecdote: I work for a mid-size (~5000 employees) non-SV software company (heavily focused on a particular industry). We have been steadily laying people off quietly. But almost no software engineers. At this point it's the usual -- QA, project managers, enterprise architects, things like that. Management likes to pretend they're basically useless, they're somewhat expensive, and it looks like an easy win to cut that…

Post by [deleted] » Thu, Mar 02, 2023, 7:54 PM UTC

Fire-Dragon-DoL wrote: post #33

yourapostasy wrote: post #21

This trues up with what I'm anecdotally seeing in my clients. RTO-3 days or even RTO-5 days is being pushed aggressively in some of them, and the general feeling amongst their rank and file is it is a stealth layoff (no severance for those leaving due to the policy switch is a big financial incentive for the companies). A big challenge I'm not seeing really addressed though is a lot of staff at my clients stepped up…

How are the big companies going to justify any effort they put against climate change? Sounds stupid but forced return to office will also do enormous damage to the environment

Post by sanderjd » Thu, Mar 02, 2023, 8:02 PM UTC

msoad wrote: post #15

I am defiantly feeling it from the number of recruiters emailing me about various opportunities. It's nice because I'm never interested in any of these jobs. I always find my next job through my network anyways.