[vineyardlabs]

Yes/No. It's probably the worst it's been in a decade, but it's my understanding it's nothing even resembling the 2008 crash or the dotcom bubble (I wasn't working during those times). With that said, it feels worse than it is because the 2021-2022 period was uniquely euphoric.

Key driving factors are people who have been laid off working to find positions against the backdrop of many tech companies not adding headcount right now. Additionally the decade+ long messaging campaigns of "CS is going to be the most in-demand major forever etc etc" have now materialized into a steady supply of CS grads every year.

I'm fortunate to be interviewing for a role at a big tech company right now (arguably the most desirable tech employer rn outside of MANGA) and the recruiters have told me that they get almost 1000 applications for every role posted and are basically exclusively hiring from referrals. I imagine this is exacerbated by people using llm scraping bots to automatically submit applications.

With all that said, anecdotally I'm seeing cold approaches from recruiters tick up. 6 months ago my linkedin/email were radio silent, but I've had ~10 people reach out in the last 2 months or so.

[njtransit]

Your understand is wrong. 2008 was not a bad time for tech at all.

[red-iron-pine]

bad time to be a construction project manager, but IT was humming along just fine.

maybe they were talking about the dot-com crash several years earlier?

[486sx33]

This “It's probably the worst it's been in a decade, but it's my understanding it's nothing even resembling the 2008 crash or the dotcom bubble”

The worst of 2008 started in October of that year though … tick tock ?