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by shostack 3800 days ago
I guess I'm making a clear distinction between "startup" (ie. no clear business model or path to profitability yet) vs. "established tech giant."

The latter has such massive hiring needs in comparison that even if funding dried up (which they do not need since they have lots of profit and are already oftentimes publicly traded), I don't think it would slow down the market THAT much.
2 comments
uglysexy 3800 days ago
Tech giants do have funding in the form of CapEx. Like Apple throwing money into their 'Apple Car' project or Twitter doing the same into building new features. These tech giants have these semi-independent projects that have that 'startup' feel. Google has many of these, including their self-driving car team.

When these tech giants have layoffs - usually in the 100s or 1000s - it's a big hit to the job market. May not be reflected on Craigslist or Dice, but there'll be a lot more job-seekers. Instead of getting 50 resumes per job posting, hiring managers would be getting hundreds.

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paulddraper 3800 days ago
Yahoo and AOL aren't hiring these days.

"To big too fail" isn't a thing.

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uglysexy 3800 days ago
> Yahoo and AOL aren't hiring these days If I may ask..how do you know this? And can you provide some detail?

Bottom line is - hiring (or lack of) is a leading indicator of a company's financial health. A company that doesn't have any open jobs for a sustained length of time (3-6 months to a year) is in belt tightening mode - which comes right before layoffs or worse, closing shop.

Btw - Yahoo is already doing layoffs or 'downsizing'. If Yahoo wasn't hiring during the past 3-6 months, that definitely was an indicator of this.

Yahoo Downsizes In Latin America, Closes Mexico And Argentina Operations http://techcrunch.com/2016/01/28/yahoo-downsizes-in-latin-am...

Here are some news sites that track layoffs. I recommend keeping a close eye on things.

http://techcrunch.com/tag/layoffs/

https://twitter.com/search?q=layoff%20OR%20layoffs%20OR%20%2...

Or better yet, keep an eye on the Dice jobs number which is prominently displayed on the Dice.com home page.

As of today, January 29, 2016 that number is 84,201. My take is that if this number goes below 60,000 then the bubble is bursting.

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