This is a most excellent place for technology news and articles.
It’s not just software engineering. It’s anyone in tech. Product, UX, Data science / analytics, research, etc. Been this way for about 18 months.
That said, as someone on the UX side of the technology fence, if anyone needs a second set of eyes on a resume or portfolio, DM me and I can take a gander. I’m not hiring now, but I am a hiring manager, and I know what my peers are looking for.
Absolutely the case. I’m a motion designer and thank god I work on the partnship side of my business because that’s actually bringing in money, while the owned and operated businesses are failing. All of tech has just been under the knife the last 18 months and it’s exhausting. We’ve lost two people and no new hires because it’s not in the budget.
Very kind of you to offer! This could really help some people out
Network Engineer here and it has gotten much harder to get even a call back from a recruiter.
How are you reaching out to opportunities?
I’ve found that I get the most bites by hanging out in industry related slack groups.
Indeed or LinkedIn, mostly
It might be worth checking in with old peers to see if anyone is in some interesting career communities on slack or discord. It can be a lot easier to network and connect with hiring managers in those environments.
Appreciate the tip! I have found that at my level (IC4 close to IC5) it's not so much what you know but whether you are a good culture fit.
Tldr pandemic and not AI
One single factor is never the source of a problem. It can be both things causing this.
Technology changes too fast today to plan for a 30 year career doing the same thing in a constantly changing world. Anyone with the skillet should take this as a beacon and pivot, whether keeping the skills fresh and branching out into new ventures with them (i.e. spend some time thinking, get a few peers, make a new product or service to sell to others instead of being cheap labour for someone else's idea), or dropping the skills for another one that isn't likely to get pulled out from under your feet suddenly.
I think we'll need plumbers for a while still, and you can make over $100k/year never touching a shitty pipe.
Anyone who knows anything about software development is not scared by some article with journalists who kniw nothing writing about "AI"
I was laid off last year. Got a job after a while and just survived another layoff today. I agree with this assessment.
It’s all post-pandemic stuff. Executives thought growth would continue, and it didn’t. Then they had to take account for their decisions and make others suffer for them.
Its not even about the growth, publicly traded companies do layoffs because it makes the stock price go up.
You should be worried when small and midsized comapanies do layoffs that are not publicly traded
The job market is worse now than it was a couple years ago. It's not AI's fault, blame the Federal Reserve Bank and the interest rates. Blame VC, who've been relying on 0 interest loans for so long they don't know how to actually take a risk any more, and will no longer fund startups. Blame cowardly executives of established companies, who are no longer seeing sales numbers increase exponentially forever.
This is what non-zero interest rates do to a motherfucker.
We need universal basic income.
I’ve met a lot of people who were boot camp developers. Did a month long class and came out during a period where everyone was hiring anyone with a pulse. Got in the job, barely produced anything, and didn’t really learn much past that. Obviously they were the first to get cut when things got sour. Now, they’re wondering why they can’t get past the tech part of the interview. I feel this might account for a lot of those numbers.
Although this surely does not completely explain the situation, I also have a feeling these sorts of hires surely account for a substantial number of layoffs.
Yeah for sure. Especially with wfh. It’s easy to fire a remote worker. It’s harder to fire them in person. A good attitude in the office does go a long way. (I’m not arguing against wfh)
This article isn't really saying anything. It's just saying that a lot of people feel like the job market has gotten tougher, but we don't have any solid evidence to prove that.
Personally, I recently got a new software development job, and it was offered to me from the very first company I interviewed for. (This is out of the ordinary for me, as during past job searches it took me several interviews before I got an offer.) Did I get a job quickly this time because the job market is better, because I've become a better candidate, or because I got lucky? It's impossible to say. Anecdotal evidence doesn't really mean anything when it comes to market competitiveness IMO.
Exactly. I see an insane amount of job postings for my particular field in IT and people are changing jobs left and right in my circle. Which is also anecdotal, so there is that.
Also having gone through this process from the other side of filling two IT positions at my company, the options are slim. Our company is adjusting all pay brackets to be more competitive, because of the smaller talent pool.
I also just got a new job jan 1st. Submitted applications for a few positions, got an interview with 1 and an offer. 40% salary increase. Meanwhile my company was talking about how they couldn't offer any raises because the job market was so bad right now lmao.
AI has very little effect on my job. When the common task I've given is 'write an ASN.1 parser that will fit into 100Kb flash', AI can only copy code from existing ASN.1 libraries, and both of them are GPL-licensed, so it's no-go for a proprietary firmware.
AI has very little effect on any software engineer's job
So what the article says is not supported by my personal experience. Hmmmmm.
Oh well, it's probably a Silicon Valley specific thing.
I don't think they are engineers. AI isn't anywhere near replacing engineers yet.
I would say the general job market is getting worse 🤔
Unemployment has been under 4% for a record time. The boomers are all leaving faster than zoomers can get hired. Tech outsourcing is increasingly seen as a path to managerial failure, as these cheapo firms fail to produce real value and talented professionals run circles around their shitty products. And we're experiencing something of an industrial renaissance in the US, thanks to the battery boom.
The job market is as good as its been since at least the Bush Era and the Jobless Recovery. It just sucks because working conditions generally speaking have deteriorated so heavily from the 70s-era nadar.
The 2017 tax bill that the Republicans rammed through had a time bomb in it for software developers. Starting in 2022, companies could no longer expense R&D costs, and instead had to amortize them over 5 years. This has led to massive tax bills in 2023 for companies. I have no doubt that this is another major factor in the recent tech layoffs.
Take an imaginary bootstrapped software business called “Acme Corp.” This company generates $1,000,000 of revenue per year running a SaaS service. It employs five engineers, and pays each $200,000. That is $1,000,000 paid in labor costs. For simplicity, we omit other costs like servers and hosting, even though those costs can also fall under the new R&D rules, and have to be amortized. So, how much taxable profit does this company make?
In 2021, the answer would be zero profit. In 2022, the answer was $900,000 in profits(!!)
https://newsletter.pragmaticengineer.com/p/the-pulse-will-us-companies-hire
That doesn't make sense because salaries are a current expense, not a capital expense to be amortized. And why 5 years? The work a software engineer does may be outdated in a year or two. Only certain legacy applications are around for 5 years.
The amortization time period is supposed to match the usefulness of the item purchased. Basically, software engineers are an ongoing expense, not R&D.
Only certain legacy applications are around for 5 years.
Oh if that were true.
Those are the legacy applications. This is the survivor bias 100%. You don't see all the projects that were created and then dumped after a year or two (see Google).
This is old news though. The article is a poll of engineers, which means that the "news" is what we already know.
AI may lead to less hiring but it'll also lead to more software developers creating new competing software, services and technologies.
The likes of Microsoft, Google and Meta may have greatly underestimated the change this may bring to the industry.
Fuck
I mean, I keep seeing news articles about tech companies laying off tons of employees. I don't think many of those companies are going to be hiring very much.
What about the regular engineers? I hardly ever hear about those guys and AI.
Regular engineering is still ok. Most of us didn't get to WFH because we're building physical things, and that hasn't really changed.
As both a regular engineer (electric/computer) and software engineer... The amount of interest I got as a regular engineer never even came remotely close to the deluge of recruitment attempts I regularly got during the pandemic, but it remains consistent. Even now that it has diminished a bit, it's still far more.
This is part of the reason I'm primarily a software developer now because I got recruited and got a huge pay bump, a way better lifestyle, and far better perks.
Yet tech companies keep posting record profits. Hmm, it's low people on the totem pole get used as pawns so executives can make millions.
It’s not AI - most companies are still in the process of experimenting with it and exploring the limitations of it, and there’s a tonne of shoe leather it doesn’t seem able to help with. If anything, companies need warm bodies to try to generate innovative uses for it.
Feels what we’re seeing is the repercussions of lots of huge tech corps making mass layoffs last year to placate their shareholders in the face of growth stagnation. Of course a lot of those devs got hired back as contractors, and consequently the global contractor market is a shambles atm, but that’s an awful lot of Silicon Vallet devs in the pool who’ll really struggle to replicate that kind of package in the wider world. I certainly felt this when I rocked up in a new city earlier last year with nothing but a CV and a plucky “can-do” attitude. I initially planned to contract but ended up taking perm, because I like food and a roof over my head.
