Not really. Brace yourselves for a heavy bull run.

Hmm i was bullish till last night.but seeing the US and global market I am anticipating correction to some extent.

Software Engineer

Founder

Product Manager

I don’t how our people are seeing these signals, whereas fed-chairman clearly called of no signs of recession. Just watch his press conference.

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Will history respect itself?

Will history respect itself?- Grapevine

Welcome to Personal Finance's Private Community

Here is the way it happens
Fed in USA will increase interest rates to tame inflation. VCs will have to generate greater returns, because USA bonds give better return than most of the bets they’re going to make. Half of the portfolio companies of normie VCs will go under. 

All the limited partners who put in the money into VCs pocket to invest, will start drying up. They'll question every investment the VC makes, so ofc they will become risk averse. 

So VCs will force their companies to become profitable, cut down cost in every way possible. 

Startups will end up firing 20-30 per of the workforce, its do or die for them.  


Now, what can you do?
1/ have buffer amount in fixed deposits (5-6 mos of your expenses), amount you can liquidate easily
2/ now is the time to work hard and prove your worth, be the top performer in team. For the first time in 5y, hiring and retaining equation is in employers favor 
3/ cut down on buying any assets which are not going to appreciate (esp the ones you’re buying on Emi)
4/ upskill yourself 
5/ if possible get a pvt healthcare insurance for you and your loved ones, don't depend on corporate insurance. 

Remember, USA’s recession is world’s recession. Only question is how the cards are going to fall, together all at once or one by one. 

Brace up, next 9 mos are going to be the most difficult times you’ve seen in tech in last 2 decades. 

Godspeed.

ps: sector i would stay away from india perspective- edtech for now

Most of the millenials and genz folks working in tech in India would face recession for the first time

Partner

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Have been hunting for a job for a while. Non tech background and completed mba in 2022. Open to working in sales, marketing and no industry preference as such! 
I keep hearing news that some companies are hiring in bulk and some have hiring freeze. So is this the time to upskill into one of the trendy things or keep looking for a job ?  Advise, experiences and informs about companies hiring is most welcome!

Non tech folks, is the recession and hiring freeze here?

Business Development Manager

Recession fears are bs? Just a way for shepherds to keep us under control using fear

Founding Engineer

Welcome to Office Gossip's Private Community

Had a chat with a legendary soonicorn founder yesterday evening and his take was that we are definitely not getting another bull run this decade.

I obviously think more optimistically and hopefully things will look up soon.

What do you all think about this tho?

Reply in comments. Do you all think we ever getting the bull run again? 😔

Read news article that there are layoffs in the UK, I hope jobs in India will not get affected much by any tech layoffs in us/uk. 

When will recession end and things become normal.

Are there layoffs in Deloitte in India

Good time to analyse your investments and make adjustments. Keep an eye on how much runway you have in liquid assets in case worst happens.

Worst is yet to come. Fasten your seatbelts.

Welcome to Software Engineers's Private Community

Recently, I've been observing a concerning trend that I haven't observed before in my 5 years in this industry. 

A large no. of job openings are coming up at mid-sized companies and startups that require 5+ years of experience but pay 7-12 LPA. One of these companies even used to pay a decent more when I'd applied to it a few years before

Does anyone have insights on the root causes behind this trend and how it will shape up the job market going forward?

My hypotheses on root causes:-
(1) Bad job market
(2) Advent of AI

Insane number of low paying software jobs

Software Developer

Talked to the son of my Dad's friend recently. Brilliant kid has a good GPA from IIIT-H + 2 research internships and 1 summer internship at good companies. He still can't find a "good" company to get into. 
(Side Note: "good" implies a high paying job relative to last couple of years)

Apparently, most of his friends in other colleges are in the same boat. Massive pay correction has happened.

The undergoing rationale is that companies hired Class of 2022 with no restraint because the demand was really strong during their placement season in 2021. This appears to be directly correlated with quantitative easing in the US and a low interest rate environment that was conducive to fundraising for several Series A+ startups.

By the time Class of 2022 entered the market, everything changed and they felt some short term change. However, Class of 2023 is having a much tougher time. They are shoved into the job market in a time where demand is low and they are competing with kids who graduated last year. 

Ongoing consensus appears to be that a huge chunk of their batchmates are going to get their Masters abroad. Their hope is that by the time they graduate out of grad school, the economy will pick up and demand will be strong while they're poised to take advantage of that with bump up credentials.

Unfortunately, this also implies that many of them will end up in the CPT-OPT-H1B-Green Card hell.

This is really a tough spot to be in.

🚨 ℂ𝕝𝕒𝕤𝕤 𝕠𝕗 𝟚𝟘𝟚𝟛 might be the unluckiest graduating class 𝔹𝕀𝔾 𝕋𝕀𝕄𝔼!!

https://m.economictimes.com/markets/stocks/news/bubble-of-all-bubbles-economist-predicts-a-2025-stock-market-crash-likely-worse-than-2008-crisis/articleshow/110927418.cms

Ye dukh kaha khatam nahi hota (Why doesn't this pain end)

Consultant

Do you feel 2021 level of Job Market is back?

Suddenly the number of jobs have increased

Warning bells of economic uncertainty, by sridhar vembu.

This is a piece from Business Standard. 

Growth in Profit this quarter is the slowest in the last  3 Years for Early bird 200+ companies.

This either can be an anomaly or we need to show good numbers in subsequent quarters.

PE Expansion has happened, Price has run up a lot Now Earnings has to catch up.

This has got nothing to do with the short term. But this surely can determine what can happen in the next 12-18 months.

If growth remains declining, stock prices will start appearing expensive which will lead to lower demand in the market.

Very important 2,3 quarters ahead.

INTRESTING READ - GROWTH DECLINING ?

Machine Learning Engineer

Was speaking with 2 people I know who work at Amazon and Meta respectively. They both shared that spending on recruitment is going back up, because their orgs believe that by mid 2024, market will be back in full swing. 

Hoping this is true. Good times are back soon, if this ends up being. 

What do you guys feel? Anyone working at a large company and has similar internal projections that your org has made?

Heard from ppl in Amazon & Meta in the US, their internal projections for market recovery are June/July next year 🤞

Analyst

If you follow layoffs.fyi, you can see the number of layoffs happened in Jan 24 is closed to Mar 23. It’s almost been 1.5 yrs since layoffs trend started. UK & Japan went to recession tomorrow.

When will these layoffs trend end?

Germany and many other nations on border line.

Impact on India viners?

UK under recession 💣💣💣

Senior Consultant

Both indexes began diverging sometime close to when Fed started to aggressively hike rates. It appears that the post-COVID rally was more favourable to the S&P but NIFTY is currently outperforming on absolute returns.

My idea is fundamentally simple. Financial prudence during the raging recovery paid off for us, the economy appears resilient and poised to do well in the near to mid-term. It also reflects that markets are pricing recessionary risk very differently to both markets.

Any ideas by others?

[Thread] Why is the Indian Public Market outperforming the US Public Market?

There are some chatter in the finance and economics circles that 2024 may see a world-wide recession, especially in the west (though it is an election year in the US).

What do you think (or better, know more) about it? Will it be as bad for IT as what we had post-Covid?

Recession by mid 2024?

Just tired of having anxiety all the time and want to do anything with some free mind.

Will history respect itself?

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