There are definitely still a LOT of companies with hiring freezes in place. A lot of people are still employed, but they’re not jumping ship if they are at a crappy company. They’re staying put because there are fewer open positions to jump to.
It ain’t 2008 or 2000, but its definitely not 2018 or 2019 either. Tech talent could be picky before the pandemic. Now it’s the employers that get to be picky.
Any days to support all that? I’m not seeing that at all. Tech talent in my network is still really picky, and those that have changed jobs this year still picked up the usual 5 figure salary increase for their trouble.
On the scale of tech recruiting, I’ll agree it’s the coldest it has been in a long time, in that tech people get snapped off the market by a new employer in well over the previously typical 48 hours.
For any employers who think your reputations can survive making asses of yourselves right now, think again though. Memories in tech are long.
Not that I care, I’ll gladly keep stealing talent from short sighted orgs.
The missing piece is salary is way down. With FAANG no longer paying $400K for engineers and hiring at an insane rate, the rest of the industry isn’t trying to play catch-up and compete on pay.
I used to work FP&A for a 2nd or 3rd tier tech company and it was hard competing to get engineers to join us. A kid out of college from a decent school for a $100k signing bonus from Facebook. I have since switched to a lower tier company but it has great work life balance, but we’ve lowered our salary on all open reqs because we know we don’t need to compete as aggressively and our average time to fill a role hasn’t changed.
Good, because I’m about to finish another (dev) degree and I really want more money. Because I need more tech toys.
