I read that article yesterday too, I read Blind a lot as well
The software engineering jobs are there. The candidate selection and interview process is worse than ever. The article was relatable about the ratio of applications moving forward.
This article had some other gaffs though, like the engineer lamenting that they had to go outside of their network to apply to job for the first time. What? They responded to a recruiter DM on linkedin for the first time? Sound the alarms ya’ll
A 5% pay cut? Big tech employees join the mid size and startup world demanding no less than $400k total compensation…. at the beginning of their journey. Which market was the engineer in this article in? Not enough info
Definitely more indication that a boom is over, and plateaus are in.
Yes, the title is very much clickbait, granted there's some discussion SWE related matters but really they're referring to the "tech industry" as whole, and which industry isn't squeezing at the minute...
Some nontechnical workers in the industry, including marketing, human resources and recruiters, have been laid off multiple times.
Yeah, I think a a better headline is the section header about "No More Red Carpet". Tech jobs are down from 2020? The tech job market in 2020 was unsustainable smoking hot like nothing I've ever seen. I remember the 2000 bubble and bust. That bubble was nothing compared to the one we just came out of and this "bust" is nothing compared to 2002. This is a correction. And you can attribute maybe 5% of it to AI, but the other 95% is just interest rates. The ZIRBs are learning about real life. With tightening officially over, we are likely going through the worst of it right now and the worst of it is still pretty good.
Another is an engineering manager who got another job with a 5% pay cut.
The software engineer employment index is now at 80, relative to 100 in 2018.
They complain about wages that went up by just 0.95%.
This isn’t a bust - it’s just a boom that’s over for now.