thr0waaaay
Joined 2 years ago
Joined 2 years ago
Been through multiple interviews, a lot of them totally fake.
My opinion is employers are not actually hiring right now.
They are going through motions, top grading, collecting resumes, gathering info.
They are not sure what to do.
COuld change in the new year, entirely possible.
But rate cuts are coming which is usually quite a recessionary thing to do which means another dump is coming.
Something is weird.
Lots of founders and VC on here. They would 100% downvote my comment. So would any government officials wanting to shape the conversation.
These are my own observations. Stuff I have seen in my feed repeatedly. The stats do not seem believable.
What is interesting is now it seems to have spread to tech, more broadly with this hidden provision that is set to lance a bunch of startups via R&D credits https://x.com/Pragmatic_Eng/status/1742964620929757593?s=20
I have seen people BEGGING on LinkedIn as in: "My unemployment is maxed out, I am losing my house, I haven't interviewed in 9 months etc. Someone please, I don't even want a job, just send me a few hundred dollars so I can eat."
I have never seen actual despair like that in tech before. It is usually white men 40+. Have seen it several times. Even former Google employees (!).
In particular, its 35+ year old tech workers. There is literally no one coming to offer them remotely equivalent roles to what they had. And the current set of startups are optimized for "VERY highly qualified / very cheap market rate."
We are talking about "We want AI engineers with PHDs and plan to pay $170K for that."
This means there is a very shocking disconnect between the people looking (a lot of external facing, traditional software engineer types).
I hate to say it but I am not sure I believe the employment statistics are real, and am expecting those numbers to turn out to be false.
There are also hundreds of thousands of out of work former tech workers applying for same roles. A lot of them fake.
Something f*cked up is going on, everyone who is actually looking for work knows what I am talking about. Suspect employment stats are not just "enhanced" but drastically revised higher than reality, along with GDP.
See this tweet: the jobs numbers are totally fabricated and everyone looking knows it
https://twitter.com/KobeissiLetter/status/174326860815787661...