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State of the Market

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    Originally posted by andromedan View Post
    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.

    Comment


      Originally posted by TheDude View Post

      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.
      Last edited by andromedan; 10 March 2023, 15:54.

      Comment


        Originally posted by andromedan View Post

        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

        Last edited by Fraidycat; 10 March 2023, 20:27.

        Comment


          It’s just bad thing after bad thing…


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

          Comment


            Originally posted by Fraidycat View Post

            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.

            Comment


              Originally posted by brightondeveloper View Post
              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

              Comment


                Originally posted by brightondeveloper View Post

                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.

                Comment


                  Originally posted by jamesbrown View Post

                  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…

                  Comment


                    ‘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

                    Comment


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

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