Tech recession
Any opinions or guesses on when will the tech bull run will start again in short when this recession will go away and market will be stable?
WickedDare3
When will the market be up?
When can we expect the market to be up and we get the calls for hiring? Currently, hardly any interview calls are approached.
5mo ago2K views
Dekisugi
Salesforce5mo
End of feb2025
WickedDare3
IBM5mo
Oh, that's so long. I just want to understand how does this work. Do you know how the market will fluctuates?
Dekisugi
Salesforce5mo
Yes, market(US) started going down in dec2022-jan2023.
This is the time when lot of layoffs happened at Amazon, meta, Salesforce, Microsoft, etc.
The reason is simple, intrest rates for loans in US is not getting reduced to control inflation by FED. Hence there is less cashflow in US market, which leads to less revenue growth and less spending. To keep up with revenue growth, US companies started to do cost cutting (layoffs, hiring freeze, removing benifits, etc).
It is expected, FED will reduce the interest rates by NoV this year, which can be reflected in better hiring by Feb next year.
Dekisugi
Salesforce5mo
Yes, market(US) started going down in dec2022-jan2023.
This is the time when lot of layoffs happened at Amazon, meta, Salesforce, Microsoft, etc.
The reason is simple, intrest rates for loans in US is not getting reduced to control inflation by FED. Hence there is less cashflow in US market, which leads to less revenue growth and less spending. To keep up with revenue growth, US companies started to do cost cutting (layoffs, hiring freeze, removing benifits, etc).
It is expected, FED will reduce the interest rates by NoV this year, which can be reflected in better hiring by Feb next year.
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