Originally posted by escapeUK
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Reply to: State of the Market
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Previously on "State of the Market"
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Originally posted by willendure View Post
I agree - thats what it really became about. Sunaks wife owned a share of Infosys. As PM he gave out huge numbers of Tier 2 visas. Infosys for £100 million in govt IT contracts. We got stuffed.
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Originally posted by Fraidycat View PostMorgan Stanley estimates Amazon can cut 13,834 managers and save roughly $3 billion next year.
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Just saw this crazy headline, i'm guessing the number being so large this refers mostly to non IT managers, but could include IT management roles as well.
Morgan Stanley estimates Amazon can cut 13,834 managers and save roughly $3 billion next year.- CEO Andy Jassy wants to lower the ratio of managers to individual contributors.
https://www.msn.com/en-in/money/tech...ey/ar-AA1rFmkJLast edited by Fraidycat; 4 October 2024, 09:09.
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Originally posted by squarepeg View PostIR35 gave the contractor market to large, mostly offshore consultancies.
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Originally posted by SussexSeagull View Post
It might have become more widespread since open source tools began appearing so people could learn it at home but decent automated testers (which admittedly is not all of them) should be prized. By doing this they are offering no encouragement for people to stay doing it or start doing it.
Business and Industry is really doing their best to make sure the IT industry isn't sustainable in this country.
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If anyone is an IAM Architect, ping me, as I've just been approached on LinkedIn about a role in FS, London, hybrid working, up to £1k a day (suspect that's an inside rate). Not something I could do but happy to pass on people's details.
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Originally posted by mogga71 View Post
Agreed. Over in America, the only reason the Fed chose to cut interest rates was because of the insane cost of repaying the interest on its debt. Core inflation is still rising in America. Also there is a strong argument that lowering rates is just going to result in inflated asset prices again ..... an ever repeating cycle. The harsh truth is that the vast majority of economies will never be able to fully recover from the ZIRP years.
This is Western economies of course, SE Asia has improved massively over the last few decades. A billion people taken out of poverty globally.
On the upside, the IFS just published figures showing child poverty in the UK has dropped a lot since 1997 - halved for absolute poverty and 10% down for relative poverty. Unsurprisingly the biggest change was at the start of that period, during the first Blair government.
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Originally posted by dsc View Post
Why would BOE start cutting rates when inflation is slowly on the raise again and core inflation is also rising slowly?Last edited by mogga71; 3 October 2024, 05:55.
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Originally posted by SchumiStars View Post
If the market is asking for .net developers, it means the market is flying.
If the market is asking for Java developers then the market is rising or back to normal.
Currently noone is asking for either language. Which means the market is on its arse.
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Originally posted by agentzero View Post
The article you mention may contain a different methodology. In the way you have described small areas cannot be compared for GDP per capita for many reasons. I assume you haven't explained the methodology correctly.
Irrespective of the size of area chosen, I think it's hard to argue that large swathes of the UK outside London do not compare relatively well to other industrialised countries. The article used Germany, Holland and the US as a comparison.
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Originally posted by Fraidycat View Post
Early on this year, most of us and you included were not expecting a major recovery this year.
I think the worst is behind his us, and the job market is off its lows, but still very bad.
Things should improve by April 2025. Hiring for the new tax year, the US elections will be over and interest rates will have been cut multiple times by both the BOE and Fed.
7 months is along time...
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Originally posted by SchumiStars View PostAlso means, that the recovery will be slow. So for anyone thinking that once recovery starts it will be ok, it won't.
Early on this year, most of us and you included were not expecting a major recovery this year.
I think the worst is behind his us, and the job market is off its lows, but still very bad.
Things should improve by April 2025. Hiring for the new tax year, the US elections will be over and interest rates will have been cut multiple times by both the BOE and Fed.
7 months is along time...
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Originally posted by SussexSeagull View Post
Sounds like a rare niche that is worth being in at the moment. Congratulations!
If the market is asking for .net developers, it means the market is flying.
If the market is asking for Java developers then the market is rising or back to normal.
Currently noone is asking for either language. Which means the market is on its arse.
Also means, that the recovery will be slow. So for anyone thinking that once recovery starts it will be ok, it won't.
It means the rates will be low. I mean low. As there is an oversaturation of benched developers, like me, who will work for next to nothing.
The freshies, would have been promised jobs with high salaries only to find a dead market, tulip weather and rising rental market.
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