We (large FANGish) are more or less in a hiring freeze but still grabbing a few new hires here and there. A friend just interviewed for SSE at AAPL and seemed to have the job only to be told they closed the req. I'm still getting lots of recruiter spam though so I think we're still fairly early in any sort of layoff cycle. The economy is still trucking. Despite many people trying to be first to declare it, we're not in a recession yet. All signs point to one next year though.
This is likely to be the recession that halts the rapid inflation in tech wages.<p>Rising risk free rate has hit growth companies the hardest, and there are likely to be a large swath of layoffs right as we have tons of people bootcamping and switching into the industry.<p>Supply and demand of labor in tech will enter balance for the first time since ~2010. The FFR is looking to have a reasonable chance to go to 5% at this point, so the pain isn’t even close to being over<p>Get used to not being special like pretty much every other industry
Here in Europe layoffs are more uncommon but I am having a very hard time finding open positions compared to just 3 years ago ( last time I was changing jobs ), and the situation is getting worse and worse each week that passes. And for juniors is already far worse: I very rarely see job openings targeted to them anymore. It seems like everything is frozen.
I just went through a round of interviews and received offers from large, small, and medium sized companies. So the opportunities are still there if you can navigate the interview gauntlet.
i feel like im on another planet when single digit growth is considered so bad. and this requirement for endless growth invariably destroys every product
I was laid off last week. The previous rounds of layoffs at my employer were focused on sales and operations folks. The latest was in IT, seemingly focused on senior level engineers.
I just landed a dream gig and start in about 3 weeks. Horrified of layoffs etc but super excited for the move. Article made me feel a little bit better but only mildly.
I have not seen or heard of any engineering cuts in any of my circle's workplaces. Only supporting staff (project managers etc).<p>I clicked on a few of the google sheets linked in the article and it seems (at least per my random selection) that this seems to be the case at these places too.
My company has a hiring freeze in place right now but are still brining on new contractors for high-priority initiatives as needed. No engineers have been let go yet<p>And recruiters keep spamming me on LinkedIn about "great" contract to hire roles they have<p>People still need engineers, they just don't want to commit to increasing headcount, because it will upset the beancounters.<p>That's my take anyway
The article doesn't answer the question. The list is also missing 2 of the big names which announced layoffs Oracle and Citrix. For more detailed and depressing discussion about layoffs check [1].<p>[1] <a href="https://www.thelayoff.com/" rel="nofollow">https://www.thelayoff.com/</a>
We've seen a few people leave for other jobs, and are still hiring. Still getting offers from recruiters.<p>I haven't seen this play out in the real world yet beyond news stories.
> Articles like these drive engineers to speculate on Blind and on Reddit, in the internet equivalent of hushed whispers, about whether they’re next.<p>Bizarre to reference a Blind thread from 2019 discussing Uber layoffs to back up a claim that engineers are reading the previously linked articles in the future and speculating about "whether they're next."
“interviewing.io is both a mock interview platform and an eng hiring marketplace (engineers use us for technical interview practice, and top performers get fast-tracked at companies)”<p>The source for this article has some strong incentives in the area of perceptions of increased competitiveness.
The so called 'bar' references doesn't make much sense. There is no way to measure the performance of an individual. Leetcode style questions don't indicate performance. And what cannot be measured in the first place in a 4 hour interview, cannot have a 'bar'.