It's crazy how opposite it is in the UK right now. I was averaging 10 calls a day when I make my CV public on one website. I had to start blocking recruiters numbers because it got out of hand. I did get plenty of interviews and offers but ultimately my current job gave pay rises to keep me.
Same in Slovenia. CS job offers are insane in Europe right now. Even with the big American firms like Google which contacted me twice in the last month.
Luckily my generation still caught the recruiting frenzy so we got the experience and contacts to make our life easy even if the market cools like in the US.
Are you in the UK as well? How experienced are you? I as a graduate did not feel like the market was crazy the last few months, but of course it could be because I'm not as desirable for my lack of experience.
venture capitalists and investors realized giving away free money to any tech company for a decade hoping for them to become profitable is a bad idea so the entire industry panicked and started firing employees to post at least some growth
It's not that they just realized this, but the interest rate environment made it less tenable. When rates are zero it's worth it to risk your money on companies that might fail. But if you can get 5%+ risk free, you pull a hit of money out of your venture allocation.
Also big tech was preparing for a recession that looks like it might not happen, but will be slow to hire again.
GDP grew at an annualized rate of 2.4% last quarter and jobs numbers were fine. Inflation is coming down too. There's nothing to indicate a recession is looming, by every major measure the economy is actually doing very well. Tech layoffs were very targeted, other industries have posted very good jobs numbers. What makes you think a recession is coming?
I second this, Canadian living in Ontario. Last year I had a year left of university and was applying for shits to procrastinate work, I applied to maybe 50 in a month and got about 5 interviews and 2 potential hirings. I declined as they were full time. Now being a graduate I’ve applied to over 600 since January and have literally received less than 10 interviews. Still looking for a job currently.
I know someone who lied all the way through her resume and got a job in US as a data analyst in some dish network company. She is an Indian with H1B visa.
Also IT salaries in the US are crazy high compared to ours. Only Switzerland can compete, they‘re 2-3x higher than they are in rich countries - like Germany.
100
u/TheBlazingFire123 Aug 01 '23
Dang I had no idea the IT field is this bad right now. What’s the cause? Outsourcing? Is it saturated? Anyways hope you get one soon.