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Economy / Local Job Market

HFNY
HFNY Member Posts: 5,391
in Tug Tavern
With so much going on with the economy, job cuts, and the area in transition (for example, are fentanyl deaths up year over year but Sawant and other loonies are down), I'm curious as to what others think about everything. I have my opinions but am more curious as to what others think. For instance:

1. Are we in a local recession or headed for one? Or are we in a national one but Western WA is holding up ok?
2. Is your company hiring or laying people off?
3. Do you know someone who has been laid off or who got a new job?
4. Do you think the market's recent rally is durable?
5. Do you work fully in the office, hybrid, or remote?
6. Are you cutting back on discretionary spending?
7. Is anything keeping you up at night regarding the economy or declining conditions at work?
8. Are you in a start-up or young company and wishing you had a safer corporate job or vice versa?
9. Is water wet?
10. Will it be interesting either way?
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Comments

  • RoadTrip
    RoadTrip Member, Swaye's Wigwam Posts: 8,147 Founders Club
    What market rally? The market's high was 37,000 under Trump more than 2 years ago. It's not even 34k today.
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  • HFNY
    HFNY Member Posts: 5,391
    RoadTrip said:

    What market rally? The market's high was 37,000 under Trump more than 2 years ago. It's not even 34k today.

    Meaning the semi market rally over the past 3 months after the S&P hit almost 3,500 in mid October.
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  • RoadTrip
    RoadTrip Member, Swaye's Wigwam Posts: 8,147 Founders Club
    Do whatever you can to own your own company.
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  • Pitchfork51
    Pitchfork51 Member Posts: 27,662
    Bob_C said:

    RoadTrip said:

    Do whatever you can to own your own company.

    Marry a minority and have her as your CEO. Start a consulting company for exclusively government contracts that studies a bunch of bullshit but always recommends more studies.
    Lol when I lived in md all my clients were govt contractors and a minority owned women owned business. All white dudes lol
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  • HFNY
    HFNY Member Posts: 5,391
    Bob_C said:

    RoadTrip said:

    Do whatever you can to own your own company.

    Marry a minority and have her as your CEO. Start a consulting company for exclusively government contracts that studies a bunch of bullshit but always recommends more studies.
    Due to your idea, I signed for a DEI certificate program and then read just read this: https://linkedin.com/news/story/dei-teams-shrink-amid-tech-layoffs-6145858/

    Is anyone an attorney here who can help me get back my $10,000 deposit I put on my credit card?
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  • 46XiJCAB
    46XiJCAB Member Posts: 20,967
    Bob_C said:

    RoadTrip said:

    Do whatever you can to own your own company.

    Marry a minority and have her as your CEO. Start a consulting company for exclusively government contracts that studies a bunch of bullshit but always recommends more studies.
    Get on the diversity bandwagon and put together a PP, then pimp that baby to every county and state in the country. They're all flush with cash until 2025. Chop, chop!
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  • Bob_C
    Bob_C Member, Swaye's Wigwam Posts: 12,680 Founders Club
    HFNY said:

    Bob_C said:

    RoadTrip said:

    Do whatever you can to own your own company.

    Marry a minority and have her as your CEO. Start a consulting company for exclusively government contracts that studies a bunch of bullshit but always recommends more studies.
    Due to your idea, I signed for a DEI certificate program and then read just read this: https://linkedin.com/news/story/dei-teams-shrink-amid-tech-layoffs-6145858/

    Is anyone an attorney here who can help me get back my $10,000 deposit I put on my credit card?
    Thanks for the $10k. You bought the platinum package, which includes no refunds.
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  • Pitchfork51
    Pitchfork51 Member Posts: 27,662
    Bob_C said:

    HFNY said:

    Bob_C said:

    RoadTrip said:

    Do whatever you can to own your own company.

    Marry a minority and have her as your CEO. Start a consulting company for exclusively government contracts that studies a bunch of bullshit but always recommends more studies.
    Due to your idea, I signed for a DEI certificate program and then read just read this: https://linkedin.com/news/story/dei-teams-shrink-amid-tech-layoffs-6145858/

    Is anyone an attorney here who can help me get back my $10,000 deposit I put on my credit card?
    Thanks for the $10k. You bought the platinum package, which includes no refunds.
    But that moral superiority has value for sure
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  • haie
    haie Member, Swaye's Wigwam Posts: 23,732 Founders Club
    I don't know about Microsoft/Google/Amazon, but the tech layoffs in general seem to have been a loooonngg time coming.

    150k Diversity and Inclusion Officers, 80k+ front line support people, 120+ project managers, etc etc, that never ever made sense without a bunch of cheap cash flowing in.
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  • Pitchfork51
    Pitchfork51 Member Posts: 27,662
    edited January 2023
    haie said:

    I don't know about Microsoft/Google/Amazon, but the tech layoffs in general seem to have been a loooonngg time coming.

    150k Diversity and Inclusion Officers, 80k+ front line support people, 120+ project managers, etc etc, that never ever made sense without a bunch of cheap cash flowing in.

    And they still all have more employees than in 2021.

    Hopefully more of my vendors can actually hire engineers now. None of them have done squat the past year.

    I gave up on hiring IT help desk type people. Just went with an outside service to manage help desk shit

    Still up in the air whether or not it's good but I had several people jump after like 2 months and I said fuck it.
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  • PurpleThrobber
    PurpleThrobber Member Posts: 48,083
    How many did Elon broom at Twitter and didn’t miss a beat?

    Know plenty of tech bros. A couple of them actually work.
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  • Pitchfork51
    Pitchfork51 Member Posts: 27,662
    edited January 2023
    PurpleThrobber said:

    How many did Elon broom at Twitter and didn’t miss a beat?

    Know plenty of tech bros. A couple of them actually work.

    Believe it or not I imagine @haie still tries.

    I do because I love it. I still do the cio bullshit but lately I spend more time with the sales team than I do my own

    Building shit is pointless if we ain't sellin
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  • haie
    haie Member, Swaye's Wigwam Posts: 23,732 Founders Club
    Pitchfork51 said:

    PurpleThrobber said:

    How many did Elon broom at Twitter and didn’t miss a beat?

    Know plenty of tech bros. A couple of them actually work.

    Believe it or not I imagine @haie still tries.

    I do because I love it. I still do the cio bullshit but lately I spend more time with the sales team than I do my own

    Building shit is pointless if we ain't sellin
    He's not wrong. 10% of the people do 90% of the work and no one cares because it's still raking money and you want to look as big as you possibly can. The 10% just get used to the responsibility and the 90% just get used to tech-bro'ing it up.
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