Tech Hiring Frozen. What should I do ?
If you are someone who was looking out to change jobs, has been laid off or has suffered in anyway because of the recent hiring freeze - Read this!
With the recent freeze in the hiring in major companies like Google, Microsoft, Facebook and others, many candidates who were looking out to change companies or have been laid off have suffered a lot. I know these are tough times, but this too shall pass. In fact, I feel this is the right time to start your preparations for the next big opportunity.
I recently interviewed at multiple companies (just before the hiring freeze) and managed to get an offer from Google. Here are a few key points which I suggest you do, in case you are someone who was looking out for opportunities or has been laid off :
“There are few companies still hiring, should I try in those ?”
It depends on your current state. I’ll suggest if you can wait at your current company for 3 - 4 months, you should wait. This is because
Many companies have frozen the hiring so options available right now would be less.
Companies who are hiring know the above fact, so they might try to lowball you.
However if you feel that you cannot wait and need to get out of your current company, Amazon, Rippling etc. are still hiring. I’ll suggest checking LinkedIn for other such companies and open roles.
"Is it safe to join a startup?”
These are testing times for any startup because they have to do cost cutting to stay alive. So in my opinion, join a startup right now only if you know that it has enough money in the bank and it won’t fire you.
"When will the hiring start again ?”
This is very hard to predict, but I feel the hiring should start close to January 2023. This hiring freeze was expected after the 2020 - 2021 hiring spree.
“What should I do?”
I think this is the best time for you to prepare and brush up your skills for the interviews. Remember, when the hiring starts again then
Competition would be even more because many people would have waited for the interviews.
People would have utilized this time to prepare.
But these things should not matter to you. What you should focus on is practice daily with micro goals and make sure that you are well prepared for the hiring phase coming up, whenever it does.
Here is an interest analysis of the big freeze in tech by Gergely Orosz. Do give it a read.
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