People are dying from high interest rates, they are dropping very soon. Hiring will pick up within 6 months

https://www.cnbc.com/2023/08/08/credit-card-balances-jumped-in-the-second-quarter-and-are-above-1-trillion-for-the-first-time.html

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The jobs were not there to begin with. Companies were using free money to pay people they didn't really need and then reality smacked everyone in the face when the spicket turned off.

That’s at startups. I’m talking about enterprise tech, like AWS, Databricks, Splunk, Palantir, Salesforce, etc

I was talking about almost zero % interest rates, covid money other companies were getting that allowed them to buy solutions by companies you listed above, as well as those companies taking advantage of covid situation.

These enterprises companies were selling to all sorts of companies not leaning on ZIRP

Anonymous wrote:

Anonymous wrote:The jobs were not there to begin with. Companies were using free money to pay people they didn't really need and then reality smacked everyone in the face when the spicket turned off.

That’s at startups. I’m talking about enterprise tech, like AWS, Databricks, Splunk, Palantir, Salesforce, etc

I was talking about almost zero % interest rates, covid money other companies were getting that allowed them to buy solutions by companies you listed above, as well as those companies taking advantage of covid situation.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How much is in your emergency fund?

Not really relevant to the question? She asked about the job market…

Read between the lines. The poster is saying that there is no tech job in the near future for you.

Also, I agree. Just because the market prices are up doesn't mean corporate decisions are going to change. Tech rode an unprecedented wave. Congratulations. It's folly to think it was going to last forever.

Disagree. The migration and growth of tech jobs is akin to the rise of knowledge workers and white collar from blue collar factory jobs. There is such a shortage of manpower in tech, and sales will not be replaced by AI — the human touch IS the differentiator there.

Anonymous wrote:

Anonymous wrote:How much is in your emergency fund?

Not really relevant to the question? She asked about the job market…

Read between the lines. The poster is saying that there is no tech job in the near future for you.

Also, I agree. Just because the market prices are up doesn't mean corporate decisions are going to change. Tech rode an unprecedented wave. Congratulations. It's folly to think it was going to last forever.

Anonymous wrote:The jobs were not there to begin with. Companies were using free money to pay people they didn't really need and then reality smacked everyone in the face when the spicket turned off.

That’s at startups. I’m talking about enterprise tech, like AWS, Databricks, Splunk, Palantir, Salesforce, etc

The jobs were not there to begin with. Companies were using free money to pay people they didn't really need and then reality smacked everyone in the face when the spicket turned off.

Anonymous wrote:Pivot into some people need and will pay for.

Tech was that for a while. Maybe should look at healthcare or gov services?

Pivot into some people need and will pay for.

Anonymous wrote:I just moved jobs in tech sales this week. My sense is the market is still pretty tight, it depends very much on the particular speciality and area he has, but I’ve seen recruiter interest for the first time in a year so I agree signs are pointing up.

Jealous, I think being unemployed right now is a real detriment to landing his next play.

Same boat, high level clearance and same results. Salesforce seems to have some openings, maybe databricks… good luck

Anonymous wrote:How much is in your emergency fund?

Not really relevant to the question? She asked about the job market…

I just moved jobs in tech sales this week. My sense is the market is still pretty tight, it depends very much on the particular speciality and area he has, but I’ve seen recruiter interest for the first time in a year so I agree signs are pointing up.

How much is in your emergency fund?

Tech stock market is roaring back and seems like have a soft landing in the cards. DH was laid off from his software sales role back in May, lots of interviews but no offers yet and we are running out of severance. Any idea when sales hiring will pick up again? Has it already and he needs to pivot? I've returned to work, but my income pales compared to his so he needs to get back on that horse or we need to move.