Downturn is still very young. Many unprofitable companies can continue to execute on their previous funding rounds which, raised in the macro environment of zero-cost money, can provide for a year or more of runway. Should this downturn become a fairly severe recession, many more jobs may be hit affecting hiring in skilled tech as well.
Not claiming that this will happen, but many economists agree that it is fairly likely. So even if you are in a very enviable position in a skilled tech role and are inundated with recruiter calls I would prep: take stock of your finances, determine your personal runway (how long can you maintain current quality of life should your paychecks stop tomorrow) and plan accordingly. My 2c.
Not claiming that this will happen, but many economists agree that it is fairly likely. So even if you are in a very enviable position in a skilled tech role and are inundated with recruiter calls I would prep: take stock of your finances, determine your personal runway (how long can you maintain current quality of life should your paychecks stop tomorrow) and plan accordingly. My 2c.