It looks like we’re entering a recession. One of the hardest things about it is the lack of reliable information about whether companies are still hiring and what hiring freezes even mean. Arguably the two most impactful eng hiring freezes were announced by Facebook (May 4, 2022) and then Google (July 20, 2022). Facebook’s freeze is allegedly partial, targeting roles below L7 and excluding machine learning engineers. Google’s freeze is allegedly all-encompassing but may only last 2 weeks. But what’s actually going on? To make some sense of a bunch of contradictory information about Google’s and Facebook’s hiring freezes in the press and on Blind, we decided to ask the people who, outside of Google …
Over the past few months, I’ve seen a number of fear-mongering pieces in the press about how the recession is driving tech layoffs and how tech employees (and engineers specifically) are losing their leverage as a result. The problem is that “tech” can mean anyone working at a tech company. You’re an engineer? Of course, you’re tech. You do ops? Great, you’re tech. You do marketing? You, too, are tech! These are all critical roles at tech companies, and what I take umbrage with isn’t the decision to label non-engineers as tech employees. It’s deliberately misleading your audience by implying that “tech” refers to engineers specifically.
I don’t like imprecision, and I really don’t like fear-mongering. So, we at interviewing.io dug into the data to see if engineers do indeed have a reason to fear.
interviewing.io is a technical mock interview platform and technical recruiting marketplace, so we have a ton of useful data around technical interviewing and hiring. One of the most useful pieces of data in the current climate is the ever-changing technical interview bar – throughout 2022, it’s gotten progressively harder to pass technical interviews, and it’s only going to keep getting harder. We crunched the numbers and came up with a running index that quantifies where the eng bar will be, as a function of open tech jobs. The bar is clearly going up.
I recently ran a Twitter poll asking my followers to estimate how many engineers had been laid off from US-based startups and tech companies in 2022 and 2023 so far. Most people overestimated the number by an order of magnitude. Here's what we did to get to the actual number.
interviewing.io is both a mock interview platform and an eng hiring marketplace (engineers use us for technical interview practice, and top performers get fast-tracked at companies), so we have some unique insights into how recent hiring freezes have affected engineers’ behavior. We also have unique insight into which companies are actually hiring. As such, in the spirit of being useful during a hard and uncertain time, we thought it’d be interesting to survey our users to see what’s actually going on in the market. TL;DR There are lots of engineers actively looking. There are also lots of companies who are actively hiring. Read the actual post to see the full list of 447 U.S. companies who are hiring software engineers right now.