<story><title>Is big tech’s red-hot jobs market about to cool?</title><url>https://www.economist.com/business/2022/06/02/is-big-techs-red-hot-jobs-market-about-to-cool</url></story><parent_chain></parent_chain><comment><author>angarg12</author><text>I work at Amazon and we are still hiring like crazy. Last year was the worst I remember regarding attracting talent. We have 6 heads open and only managed to fill 1. A selected few companies have deep pockets and enough cash to weather a recession. They might take this chance to snatch away as many qualified people as possible and come through the other end with a competitive advantage.&lt;p&gt;On the other end of the spectrum many companies are slowly failing. Layoffs and hiring freezes are even news anymore.&lt;p&gt;So yes, inertia is big but the tide is changing. I predict that when Big Tech fill their bellies the will stop competing so fiercely and the market will cool down for real. In the meanwhile, if you wanted to join big co, now it&amp;#x27;s your best chance.</text></comment>
<story><title>Is big tech’s red-hot jobs market about to cool?</title><url>https://www.economist.com/business/2022/06/02/is-big-techs-red-hot-jobs-market-about-to-cool</url></story><parent_chain></parent_chain><comment><author>pm90</author><text>Seems like a lot of people &lt;i&gt;want&lt;/i&gt; the market to crash. Or, everyone is trying to time the pop.&lt;p&gt;Fundamentals for Tech is still pretty solid. Yes all the crypto&amp;#x2F;NFT can crash and burn but demand doesn’t seem like its going to fall unless there’s an actual crash.&lt;p&gt;IMO the fact is simply that policymakers have become really good at ensuring that crashes like 2008 don’t happen again.&lt;p&gt;Don’t believe the BS VCs are trying to sell. Yeah, startups won’t be able to raise money, its ok, there’s a ton of demand elsewhere for Tech jobs.</text></comment>