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College and University Discussion
Reply to "About to graduate from the University of Michigan Ross school and still jobless"
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[quote=Anonymous]I work in the tech sector - this is just a terrible time to be looking for a job - companies are still figuring out exactly how to fit AI in, we're still in hangover mode after overhiring/overfunding during covid, and then on top of it this whole trump trade war put the final nail in the coffin for any hiring, esp. of junior folks - i've been shocked at the number of cold outreach i've gotten from folks from undergrad cs and top mba programs looking for a job - and I just don't have anything for them, when in past years I would have at least had some place to send anyone that was looking. I had a team of 12 two years ago, now I have 5 on my team and I'm only able to add HC with very clear ROI, and we're aggressively figuring out what can be automated. Every company in tech - small to big has had multiple rounds of layoffs at this point - all of them. They just aren't talking about it. I think the scale of tech layoffs honestly is on the scale of the absolutely asinine public sector layoffs that the idiots in charge are orchestrating (I live in DMV). It's just less concentrated because it's not just in one market and has been more slow-motion. So your kid is not alone, and also in tech, there's much less stigma right now for folks that have gotten laid off, folks that don't have that job offer, or had one rescinded. As recently as a year ago, getting laid off or not having an offer in hand at graduation basically tagged you as a poor performer whether fair or not, and there was a huge, huge bias in tech against anyone not employed for any reason, but I've really seen that shift - right now everyone is realizing that it's just a terrible job market, and there are a lot of great candidates that are going to be looking for a while. When we do have a position open we are looking at open candidates - when before it was like "I want someone with a job, the people looking are never good." Total change in perspective right now as folks have seen great folks be let go for esoteric reasons. Have some empathy for your kid - it's a really, really rough job market out there, but they will get something. It's so much harder for them than it was for the vast majority of us. And 1000000% not the school. Mich is highly respected nationally - acting like you can only get a job in the midwest with that degree is very ignorant. [/quote]
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