I'm in the same hole as a ton of other people in Canada and the U.S, such that I'm unemployed and prospects are nil. What I'm seeing is that most companies, if they have any postings, have chosen to only advertise positions for people who are comically well-decorated; Principal engineers with 10 years of experience, plus the masters degree, plus a bunch of specific cloud orchestration, scalable systems, or other devops experience that just seems entirely impractical to accumulate without simply advancing at the same company or FAANG for 15 years, which seems itself to be an unachievable tenure in this millennium.
I've been some kind of software developer for nearly 10 years, not all in a professional capacity and I don't claim that, but I'm not qualified for these positions; I just don't really have any other option but to chance it.
My question is, are qualified people actually hired through this channel, or are these postings just a formality so they can bypass some bureaucratic requirement?
Edit: Is it worth spending the time on a decent cover letter that indicates I'd be interested in discussing a lower seniority position if they don't consider me qualified for the Staff or higher? Also, this isn't relegated to startup land, more traditional online retailers, and others who's core competency isn't necessarily software
You don’t need to spend 15 years at the same company or at FAANG to acquire these skills.
One issue that a lot of people face is that their career has been less about accumulating 10-15 years of progressively more complex experience and more about accumulating 1-2 years of experience 7-10 different times. It can take some deliberate planning to work your way upward over time and across companies rather than repeating the same arc over and over again.
Another trap is when people who want to be high-level ICs end up in management for a while, slowly getting further and further from working on the tech.
In this job market it’s hard to go from unemployed in one country to direct hire Principal in another country unless you have an extraordinary skill set. It will make more sense to get your foot in the door at any job that might work, then move up from there.