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Welcome to the Neither Market.
With the latest big tech layoffs, there’s bad news for both hiring companies and job seekers. Not everything is gonna go your way.
“Easy hires are on the horizon!” – Companies
Not really.
The easier stuff may be easier still. Junior to mid level sales and marketing. Operations. Dare I say some recruiting specialties.
No offense to the peeps in those buckets. But those weren’t the hires that were keeping employers up at night. Important, but doable.
What’s still hard as hell? Software engineers. Product designers. DevOps.
No matter how many layoffs Twitter, Meta and Stripe do, those types will get gobbled up in a second. With multiple offers in hand.
If you thought things would suddenly be easier and you could “take advantage” of the situation, keep dreaming. You have to be as aggressive with your recruiting efforts today as you did 9 months ago.
Switching gears…
“I’m only looking at remote jobs and a huge bump!” -Job seekers
I regret to inform you that ship has sailed. Yes, there’s lots of companies who do full remote. And you certainly have a chance to get an increase.
But the amount of companies who will check every box on the job seeker’s wish list of “must haves” is drying up.
I’ve always heard people refer to the job market as an “Employer’s Market” or “Job Seekers” market. Some sort of absolute binary that described the natural order of who can call the shots right now.
But the strange combination of 3.7% unemployment paired with the cool industries (tech) struggling while the uncool industries (manufacturing, supply chain, etc.) killing it…the cards have flipped.
Because neither has a clear advantage. Set your expectations accordingly.
Partner at Hirewell. #3 Ranked Sarcastic Commenter on LinkedIn.
It’s been a wild few years. One minute, companies can’t hire fast enough. The next, mass layoffs. Can’t find anyone to hire and mass layoffs. We’ve gone from water cooler life to fully remote to back in the office…maybe?
The real challenge? Resetting expectations. Let’s be honest—people aren’t great at that. Whether it’s job seekers or executives, at the end of the day, they’re all just… people.
Jeff Smith and James Hornick break down why, despite all the change, most things about work stayed the same in The 10 Minute Talent Rant, Episode 105, “Work Is Called Work For A Reason”
Episode 105