State of the Market

[TheDude]

I got a 3-month extension, so 6 months in total, but a friend who is looking said they applied for many front-end contract React roles but never heard back.

That is because there are plenty of cheap front end developers about.

[andromedan]

That is because there are plenty of cheap front end developers about.

Although not many individuals have that skill level, when you do not receive a response, probably it makes you wonder about the state of the market. But that person is happy to work perm fully remotely for a while and then return to contracting since they have done that a few times.

Personally, despite extending me as well they told me that they can't support another extension and if I want to go Perm even though the contract is outside. Good luck finding another specialist with so many skills as perm.

[Fraidycat]

Although not many individuals have that skill level, when you do not receive a response, probably it makes you wonder about the state of the market.

Silence, the current state of the contracting market reminds me of this scene in Margin Call.

The Music Has Stopped

[brightondeveloper]

It’s just bad thing after bad thing…


https://www.ft.com/content/6943e05b-...5-9664fb456504

[Bluenose]

Silence, the current state of the contracting market reminds me of this scene in Margin Call.

The Music Has Stopped

yep, the burner has gone off twice this week and I imagine they were both automated insurance scam calls.

[brightondeveloper]

It’s just bad thing after bad thing…


https://www.ft.com/content/6943e05b-...5-9664fb456504

not sure if links work but this is regarding SVB

[jamesbrown]

not sure if links work but this is regarding SVB

Indeed, and I see their UK bank is becoming insolvent too, which is interesting because it is completely ring-fenced and this doesn’t seem to be reported in the news yet:

https://www.svb.com/uk

Real contagion risk here.

[brightondeveloper]

Indeed, and I see their UK bank is becoming insolvent too, which is interesting because it is completely ring-fenced and this doesn’t seem to be reported in the news yet:

https://www.svb.com/uk

Real contagion risk here.

people will be withdrawing their money whether there is real risk or not. Apparently the VCs who were encouraging people to drain the US bank are going to make a lot of money from its collapse.

it’s beginning to look a lot like 2008…

[Fraidycat]

‘We can’t make payroll’: scores of London tech firms in cash crisis amid Silicon Valley Bank collapse"

Tech firms have reportedly written a petition to chancellor Jeremy Hunt, urging him to act fast to prevent startups becoming insolvent.

https://uk.news.yahoo.com/t-payroll-...141757228.html

[PerfectStorm]

Surely as none of them will be depositing more than the 85k limit, they'll have their funds on Monday