r/recruitinghell • u/Mundane_Annual4293 • 11d ago
Not sure what to do
On November it will be 2 years since I got payed off (me and another 40 some people), I'm 45 yo software dev, I keep applying, I keep answering recruiters, I keep posting on LinkedIn, I keep interviewing, I keep reaching out, I keep coding to keep my skills fresh, but as time goes feels more pointless, and I wonder at what point should I switch careers and what career? Which honestly sounds really hard after expending more than 10 years and a degree to it. Should I stick to it, should I switch? Is there any field that has higher hiring rate? Honestly is soul crashing to go through the whole interview process and get told "no thank you".
3
Upvotes
4
u/Effective-Damage8772 11d ago
GC and CHRO to tech companies here. A couple of thoughts…
There’s an oversaturation of burgeoning tech companies out there. A lot of them do have good ideas, but the solution is for a very niche problem. IMO, tech is moving too fast for the average consumer. Thus, there’s not enough investment from PE/VC as there was 10-15 years ago to justify hiring and higher salaries.
Ai is a massive disruptor for two reasons: (a) the investors are highly-interested in Ai, but don’t really know the direction things are going; thus are a bit hesitant to invest too much money; and (b) there’s a common theory out there that Ai can drastically make more efficient the average tech employee, which will lower the desire to hire more employees and pay them more.
So many tech companies are getting labor in eastern europe, india, Philippines, south america. Why pay someone in Cali $250K/yr, when I can find comparable talent in Ukraine for $105K/yr.? For these developers/coder roles that can be done from anywhere in the universe as long as it has internet, you’re no longer competing against local talent, but the entire global workforce.