Reply to: State of the Market

[dsc]

Check out the legendary recruiter-on-recruiter posts going on about the Hays financial results.

The short version is Hays tried to undercut everyone to keep the lights on and its had disastrous results for them and the recruitment ecosystem.

I was via Hays recently, when they started pushing for invoices which were only a few days behind it got me thinking...

[dsc]

Grad debt = Car loan, but no Repo man if you cant make the payments

Lots of folks with 500K+ mortgage debt these days.

How big is a car loan vs grad debt? Also it's not their only debt though, add that to a mortgage debt, car loan etc. Fecked at the start doesn't quite describe it well enough.

[WTFH]

Grad debt = Car loan, but no Repo man if you cant make the payments

Lots of folks with 500K+ mortgage debt these days.

Grad debt + unaffordable housing = major problem for the under 40s.

500k+ mortgage debt = poor financial management, living outside your means… but blame the kids and tell them they have it so easy. Buy now, pay later works up to the point that someone has to do the paying.

[avonleigh]

Check out the legendary recruiter-on-recruiter posts going on about the Hays financial results.

The short version is Hays tried to undercut everyone to keep the lights on and its had disastrous results for them and the recruitment ecosystem.

Hays is a badly run organisation. I worked for them on replacing their HR system and the project was shelved after 4 weeks of UAT. How much money they must have wasted on that.

[Fraidycat]

Could be worse, we could be grads with tulip ton of debt looking for work:

Grad debt = Car loan, but no Repo man if you cant make the payments

Lots of folks with 500K+ mortgage debt these days.

[quackhandle]

https://www.business-live.co.uk/ente...es-92-29790071

'CEO Dirk Hahn stated that market conditions were "increasingly challenging... with low confidence levels and longer-than-normal 'time-to-hire'."'

What a great name, should be actor.

qh

[Bluenose]

Hoping that with the schools returning next week at least lifts us out of the short term lull.

I don't think the LinkedIn algorithm helps and people out of work are more active than those in work but there is a lot of people both contract and permanent who have been out of work for a long time. Recruitment looks like a blood bath.

Check out the legendary recruiter-on-recruiter posts going on about the Hays financial results.

The short version is Hays tried to undercut everyone to keep the lights on and its had disastrous results for them and the recruitment ecosystem.

[dsc]

State of market is tulip.
Oasis are reforming, looks like they have ran out of cash as well. Maybe this will be the kick the economy needs, some how...

ps: I have no idea how the markets work.

Could be worse, we could be grads with tulip ton of debt looking for work:

https://www.theguardian.com/money/ar...gle-job-market

So if experienced folk can't find jobs and grads are not getting them either, there's either no jobs or someone else is getting them...

[SussexSeagull]

Hoping that with the schools returning next week at least lifts us out of the short term lull.

I don't think the LinkedIn algorithm helps and people out of work are more active than those in work but there is a lot of people both contract and permanent who have been out of work for a long time. Recruitment looks like a blood bath.

[SchumiStars]

State of market is tulip.
Oasis are reforming, looks like they have ran out of cash as well. Maybe this will be the kick the economy needs, some how...

ps: I have no idea how the markets work.

[TheDude]

Dittto. I believe it is also very toxic place to work for and with. Full of 20-30 somethings with crazy power hormones. It is just not commutable north of Watford by public transport in my case.

I had a good idea they were pushing Scala since ThoughtWork 2010, but I'd thought that Sky would have given up and moved to Kotlin programming language, because of the never ending Zeolotry between the TypeLevel and TypeSafe folk. The bin bun fighting ruined the dream I guess.

Scala 3 has killed Scala for new projects and doomed the rest of us to maintaining existing codebases.

[agentzero]

If you did the contract, you'll start 2025 out of work and with a Marxist occupational government determined to destroy what little is left of the economy and most likely in the winter of discontent mk 2. All for 4 months of contract?

If I were you, I would be frank with your old client and say that you don't want to leave your new job in this difficult economic time. However, you could do 2 days a week since you loved working with them (you could make that work right?) They get someone they can rely on and trust, and the project delivered in 8 months rather than 4 (roughly) and you get some more money for Labour to steal! Good luck whatever you decide!

The current contracting market is very poor for many specialisms. This is causing exacerbation of mental illness and associated risk factors.

There is no Marxist government in power and they seem firmly in the centre, with a hint of centre left politics creeping in at times. Look at government debt levels of the last two decades and you can see that since the financial crash things aren't going to get better any time soon.

Get out the house and stop reading stupid posts on social media. If you've lost your brain you will not be getting hired easily by clients who will interview and detect this sort of stupidity easily. Sort yourself out.

[willendure]

State of the market summary - 115 pounds inside ir35 per day, Bradford, 4 days onsite.

Get on yer bike!

[willendure]

The hope is that doesn't happen and the central banks have pulled off a 'soft landing'

Hmm lets think about that one. Coming to the end of the longest and deepest interest rate inversion since... the great depression. I mean, yeah, it might just all magically go away!

[SpliterOfLogs]

Dittto. I believe it is also very toxic place to work for and with. Full of 20-30 somethings with crazy power hormones. It is just not commutable north of Watford by public transport in my case.

I had a good idea they were pushing Scala since ThoughtWork 2010, but I'd thought that Sky would have given up and moved to Kotlin programming language, because of the never ending Zeolotry between the TypeLevel and TypeSafe folk. The bin bun fighting ruined the dream I guess.

Sky are the one company that always seems to be hiring - which suggests that they must always have people leaving. I interviewed once there years ago and didn't get the gig because they thought I wasn't 'agile enough', what ever that might mean. I do know that one of the biggest tools I ever worked with wangled himself a role as a senior dev there - to the utter disbelief of all his ex-colleagues