Not necessarily. The ones you HEAR about are from big tech companies, but many small tech companies are also tightening their belts to follow suit.
My evidence is inherently anecdotal, but my current (at the time) and previous companies of 100-ish people both also had (multiple) layoffs – more like 5 people each time rather than thousands, sure, and they never hit the news. I reported mine to layoffs.fyi, with the evidence that “company X just laid me off,” and they never posted it.
90% of the people who were laid off in December had a new job by February. That timeframe has been consistent across the board.
There is still a huge talent gap and there are still a huge amount of high paying jobs available for folks in software. You may have more trouble getting into the largest orgs, but aim a bit smaller and you can find work pretty quickly.
Two years ago, if I failed to reach out with an offer within 35 hours of finishing the interview, the candidate had already accepted one of the other two offers.
Today it seems like it can take two months for developers to have 3 competing offers. So if I end up needing to hire this year, I’ll have the kind of leverage that lets me take the whole work week to interview every candidate I want to, before making an offer.
The great news for me is that some hiring managers I compete with saw the layoffs and decided it was safe to reveal themselves as assholes. That’s going to make my job (of stealing their top talent) easier for many years to come, because people have long memories.
I mean… as a software developer, Sorry, I will not be returning to the office.
You need me, more than I need you. The market is HOT right now.
Companies will learn, the hard way.
Is the market hot right now? With all the layoffs, the sentiment on blind seems to be don’t try to find a job now
Big tech overhired. There is still a massive number of companies that are in dire need of software devs. They won’t pay 300k though
The layoffs were all from the big tech companies, the small ones are still operating as per usual.
Not necessarily. The ones you HEAR about are from big tech companies, but many small tech companies are also tightening their belts to follow suit.
My evidence is inherently anecdotal, but my current (at the time) and previous companies of 100-ish people both also had (multiple) layoffs – more like 5 people each time rather than thousands, sure, and they never hit the news. I reported mine to layoffs.fyi, with the evidence that “company X just laid me off,” and they never posted it.
90% of the people who were laid off in December had a new job by February. That timeframe has been consistent across the board.
There is still a huge talent gap and there are still a huge amount of high paying jobs available for folks in software. You may have more trouble getting into the largest orgs, but aim a bit smaller and you can find work pretty quickly.
Exactly. I’m so tried of random folks speculating on how much easier it’s going to be to attract developers. Nothing actually changed folks.
A slightly smaller massive shortage is still just a massive shortage.
It’s not as great as it was a year or two ago.
That is true.
Two years ago, if I failed to reach out with an offer within 35 hours of finishing the interview, the candidate had already accepted one of the other two offers.
Today it seems like it can take two months for developers to have 3 competing offers. So if I end up needing to hire this year, I’ll have the kind of leverage that lets me take the whole work week to interview every candidate I want to, before making an offer.
The great news for me is that some hiring managers I compete with saw the layoffs and decided it was safe to reveal themselves as assholes. That’s going to make my job (of stealing their top talent) easier for many years to come, because people have long memories.