The majority of techies are having trouble finding work as thousands of them lose their jobs at Big Tech businesses due to a ban on new hirings at practically every top company due to uncertain macroeconomic conditions and recessionary fears. A total hiring freeze has been implemented by major heavyweights microsoft and google as well as companies like Meta, Twitter, Salesforce, Lyft, Stripe, Uber, and Lyft. Nilesh Bhandare, a 39-year-old data engineer from India, worked for Twitter. He reported to the san francisco Chronicle that the market for jobs has undergone a remarkable turnaround.
"Although several recruiters have contacted him, just 20% are interested in full-time opportunities. The remainder are looking for contract employees who can more easily be fired, "says the report. The previous time Bhandare looked for work, everything was very different. According to Bhandare, "my interpretation is that no one wants to commit right now for a full-time position because companies are unsure about the economic situation." Tens of thousands of recently laid-off workers are experiencing anxiety due to inflation pressures and recession worries.
The story stated that "data suggests San Francisco's IT industry has been losing employees for months." According to job-search website ZipRecruiter, there were 41,718 tech job openings in the San Francisco-Oakland-Fremont metro area in January. According to the report, "by november 1, the jobs had dropped to 27,919 — down a third." From 28,421 tech job opportunities on january 1 to 18,748 on november 1, employment in the San Jose-Sunnyvale-Santa Clara metro area decreased by a third. According to ZipRecruiter chief economist Julia Pollak, "we have seen labour market conditions deteriorate very substantially in a slice of the labour market."
"Although several recruiters have contacted him, just 20% are interested in full-time opportunities. The remainder are looking for contract employees who can more easily be fired, "says the report. The previous time Bhandare looked for work, everything was very different. According to Bhandare, "my interpretation is that no one wants to commit right now for a full-time position because companies are unsure about the economic situation." Tens of thousands of recently laid-off workers are experiencing anxiety due to inflation pressures and recession worries.
The story stated that "data suggests San Francisco's IT industry has been losing employees for months." According to job-search website ZipRecruiter, there were 41,718 tech job openings in the San Francisco-Oakland-Fremont metro area in January. According to the report, "by november 1, the jobs had dropped to 27,919 — down a third." From 28,421 tech job opportunities on january 1 to 18,748 on november 1, employment in the San Jose-Sunnyvale-Santa Clara metro area decreased by a third. According to ZipRecruiter chief economist Julia Pollak, "we have seen labour market conditions deteriorate very substantially in a slice of the labour market."
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