Unpopular Opinion
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I... somewhat agree. Job postings are currently at a local minimum, and if you're intermediate/junior it is pretty rough out there.
But postings are still around 2021 levels overall, which while not amazing, still have jobs available. I got a couple of decent-but-not-amazing offers last year.
Really the biggest trend I've noticed is that real seniors are genuinely impossible to find/hire. Hiring has become a spamfest. Companies use LLMs to poorly filter resumes. Candidates use LLMs to shoddily write resumes and cover letters. Filtering through this to find the actual senior vs. the guy who worked at FAANG for 3 years and got a staff title for it is virtually impossible. Getting your resume seen through the cruft is also impossible, so many great candidates never make it into the process in any meaningful way. As soon as we get into an interview, it's been incredibly obvious who the good candidates are, and we've hired most of them. But getting good candidates to the interview stage is nigh impossible for candidate and employer.
I guess from my perspective the job market is there, but the process is absolutely horrendous.
I think this is the most accurate take. I'm not at the "don't go into the field" take, but Amazon and Microsoft have been pumping boot camp devs into the market for a decade now promising high paying jobs just so they could do this, flood the market with juniors and pay them peanuts .
So juniors and intermediates are everywhere, the market has been flooded. Also anyone who has written a few lines of python thinks they're a full stack engineer now and label their resume as such, so exactly what you said, the hiring market is flooded with spam.
My company rejects so many people on the first screen who have great resumes but then can't write more than the basic for loops or if statements on the page.
Also AI is becoming a crutch for people. You will not get AI in interviews people. You need to know how to do it yourself. I don't care if you use it for work, but when you're interviewing I'm hiring an engineer, not a prompt writer.
So, the trick is proving you're above the hordes of shit developers, and that's going to mean learning new stacks, pushing yourself harder, and probably doing some real networking. (For those reading who may be looking soon)
The 2010s and covid told people that anyone can code. Well, here it is, the market flooded. Now it's "anyone can code, why should we hire YOU." And you better have an answer for it.