Since you’re asking from a job seekers perspective, this only applies to pre revenue companies and companies running at a loss. There are profitable small, medium and large tech businesses (like mine) that have not changed hiring policies and continue to hire. But they are tightening belts in other ways.
There are public companies that are pre profit that are profoundly affected. Their run up in stock price was free money for things like stock based compensation that has gone away.
Small companies pre profit will all be implementing hiring freezes or have already to reduce burn as far as possible.
The job market just got a lot more competitive for jobseekers as hiring plummets.
If you are offered stock based compensation, make sure your strike price (if it’s options) is tied to CURRENT stock valuation and not some story about a temporary dip in the market that will correct soon. And know that this may be a protracted recession (think years) and that we haven’t yet seen the bottom.
In my opinion we’re looking at a bubble in housing, bonds, stocks and commodities along with a massive decoupling of the global economy, with war in Europe, a hangover from too much fed stimulus, and the real cost of COVID coming due. A perfect storm doesn’t begin capture what we need to dig out from here.
Best of luck to the founders and jobseekers here. I mean that sincerely. Hang in there and look for the opportunity amidst the crisis.
There are public companies that are pre profit that are profoundly affected. Their run up in stock price was free money for things like stock based compensation that has gone away.
Small companies pre profit will all be implementing hiring freezes or have already to reduce burn as far as possible.
The job market just got a lot more competitive for jobseekers as hiring plummets.
If you are offered stock based compensation, make sure your strike price (if it’s options) is tied to CURRENT stock valuation and not some story about a temporary dip in the market that will correct soon. And know that this may be a protracted recession (think years) and that we haven’t yet seen the bottom.
In my opinion we’re looking at a bubble in housing, bonds, stocks and commodities along with a massive decoupling of the global economy, with war in Europe, a hangover from too much fed stimulus, and the real cost of COVID coming due. A perfect storm doesn’t begin capture what we need to dig out from here.
Best of luck to the founders and jobseekers here. I mean that sincerely. Hang in there and look for the opportunity amidst the crisis.