If it's all gone to shit, I'm not seeing it here (Scotland), salaries I'm seeing are really good for the area too.
That being said, be careful with this assumption. Recruiters aren't going to stop recruiting; that's their job. At many companies, they have a certain amount of outreach they're required to do. If they stop emailing, then all of a sudden they stop doing their job, and that means they're personally going into layoffs with bad numbers.
The jobs still exist, but behind the scenes it's likely things are changing. Companies are hiring 2 engineers instead of 10, or increasing their hiring bar significantly. The difference between "we're desperate to hire" and "we're open if someone great comes along..." is huge, but you won't see a difference in how recruiters treat you.
tl;dr = if a company cuts their hiring plan from 10 engs to 1, they still send the same number of recruiting emails.
A bit of my job ends up being a hiring management and the amount of recruitment agencies that want to send developers our way increased a lot. They are getting desperate.
"Employer demand for workers remains strong, with Indeed job postings as of June 24, 2022 54.2% above their pre-pandemic baseline. New job postings, defined as those on Indeed for seven days or less, are also well above their pre-pandemic baseline, up 68.3%. While job postings growth has slowed, the leveling out has been moderate."
https://www.hiringlab.org/2022/06/30/june-2022-us-labor-mark...
Heck, my family in service industry says anyone with a pulse is hired these days.
And now that the hiring is reduced, the number of recruiters haven't (especially since they tend to work on commission, rather than on a fixed salary). Since they now have fewer jobs to connect people to, even they are likely to get more desperate and send more recruiting pitches to candidates, because they aren't filling as many jobs as easily and earning as much commission.
IOW, seeing an increase in recruiter activity can be completely consistent with reduced hiring (and is also consistent with increased hiring), so in itself it doesn't tell you much.
VCs react first, in the most savvy and farsighted places. That’s why we’re seeing symptoms already.
There is literally a geographical delay. Things like house price crashes take time to spread. The more remote you are, the less connected you are to the global economy. Scotland is relatively isolated.
The tide has gone out, make plans.
Interesting! What is it they react to?
I agree VCs react to the markets and/or anything that is likely to affect them.
chill bro, things will be fine, planned or not
the wheel keeps turning
Of course this kind of thing can change very quickly, and agency recruiters won't really know for a while.
That I don't get. It should rather be good for the skills you have on offer, not where you are based. From my experience the offers are pretty sh*te and only gone up slightly. You also need to take into account being caught in the higher tax bracket. So if the offer is £120k you'll only get £73k, which these days isn't that much considering costs of living are not the same as 10 years ago. That being said, I have received a couple of offers for over £150k recently so at least the trend is upwards. Still not enough for me to consider.
I don't think Canadian companies could compete and hire, so mostly just rode it out and let positions sit unfilled. I suspect there are more unfilled positions in Canada than there are unemployed devs in Canada right now, but if layoffs continue, the Canadian companies might get some relief
On the other hand, the flood of unsolicited recruiter emails that I delete without responding has become less flood-y in the last month or so.
Two months ago it was extremely busy and noisy. It might be even less than half the activity today.
Eventually the recruiter messages tapered off until about.. 2005.