#JobMarketCrisis #Unemployment #FinancialStruggles
Guys, I need to get something off my chest. I’ve been in the marketing game for 24 years, and let me tell you, things are looking bleak. Job posts are flooded with applicants within hours, unrealistic requirements are killing our chances, and I’m running out of money faster than I thought possible. 🤯
I know I’m not the only one feeling the pressure, so why isn’t this crisis being talked about more in the media? It’s like we’re all hanging on by a thread and Wall Street thinks everything is peachy because there’s some growth in hourly jobs. Seriously, WTF is going on?
But here’s the thing – we can’t just sit back and let this situation consume us. I’ve been brainstorming some possible solutions that might help us navigate through these tough times:
– Consider freelancing or consulting gigs to keep your skills sharp and your income flowing 💼
– Network like there’s no tomorrow – you never know who might have a job lead for you 🤝
– Invest in upskilling or certifications to make yourself more marketable 📚
What do you guys think? Any other ideas on how to tackle this job market crisis head-on? Let’s share our insights and support each other through these challenging times. We’ve got this! 💪🏼 #TogetherWeCan #JobMarketStruggles
I found a job!
Wait, I found a job, do you know where? In a sewing shop with laser cutting for 16-18 bucks, after working as a front-end developer for several years, is this what I was looking for? no, I spent half a year searching and was only invited to 15 technical interviews during this time, what can I say, the IT market is at the bottom and will only get worse, my past experience helped me when I worked in printing 15 years ago and the owner offered me a job, will this be enough for me to live? Absolutely not, but this is the best with my documents, which are valid until September 24, but the fact that I’m waiting for a Green Card they think – “is not interesting, come when I have a Green Card”, so gentlemen, when I have a Green Card I’ll be at a rate of 55-60 dollars I will work, but only for 3-4 employers remotely, whether you like it or not, but if you fire me, I will look for new ones, what is the conclusion – if you are hired, never stop looking for a job, otherwise you will be in my situation
I don’t think I saw any comment mention this, but in the IT world, there is an ever-growing offshore presence that doesn’t seem to be having a problem finding (remote) jobs in the US (and elsewhere I’m sure). And it’s not just one specific country, it’s any country where the currency exchange benefits the US corporation (even if through a consultancy). Someone in another country could be making the equivalent of 80K USD, but the company in the US is only paying (or costing them) a third of that. So maybe, just maybe, the reason the resumes are so insanely specific is because there is zero intent of hiring a US resource (they “tried”). I could be totally off-base with this, but I don’t think I’m totally wrong.
Having the same problem as an IT professional that most recently worked at a big FAANG company and is a decade into my career.
Since layoffs I keep applying to jobs that I know I’m more than qualified for and.. nothing.
biden gas lighting us to win in NOV … its way worse then anyone is letting on-I think when trump gets back in then they will say he whoa we are in a recession
>Why the fuck is this not being talked about more in the media?
the jomented mainstream media is making sure that the people are thinking more about the [“smashing” jobs report](https://finance.yahoo.com/news/stock-market-today-stocks-dip-but-notch-weekly-wins-after-jobs-report-smashes-expectations-133119431.html?fr=sycsrp_catchall) and he brags about that day-in and day-out.
Marketing is a fucking hellscape and it’s bleak af right now. Just want to validate your experience because a lot of us are going through it. Know that you’re not alone. I think a lot of these companies will regret their short-sighted asinine requirements in the long run (could also just be my petty ass hoping karma comes for them).
Have seen an uptick in job postings the past few weeks and I hope it means Q3 will pick up.
It always starts slowly. Then becomes all of a sudden.
Hi. In the same boat as you and constantly feeling gaslighted by the media about a “great economy” and the “job growth”. I’m in my mid-level to senior product management career with 10 years of experience. Got laid off in the tech/Saas sector last year. Going on 15 months unemployed and still job hunting. Surpassed 1000 applications, 70+ interviews, 4 final rounds, and all rejections or ghosting. To say I feel defeated is putting it lightly.
Ya times have definitely changed. Back around covid for every 10 resumes I submitted on LinkedIn, I’d get 5 interviews. That is no longer the case as you mentioned.
My buddy is in leadership at a large tech company and he said that 100% of their resumes are now being reviewed and shortlisted by AI so it makes it infinitely harder to get your resume in front of a human. I assume most other large companies are doing the same.
It’s possible that a hyper customized resume based off each job description could help your chances but I can’t say for sure. Seems like your only shot these days is to be referred in or proactively reach out to the hiring manager.
Well as some one who’s also in marketing, there’s a very glaring problem when half the people applying to the entry level marketing roles I am applying to have mid to senior level experience. Like I would love to get paid more and build my experience but get turned down even though I have the experience range they asked for in the job ad
Because anyone and everyone applies regardless of fit because they’re desperate. And HR is clueless on what anything means in the job they’re trying to hire for. They just let ai pick some random people that put the right keywords on their resume. They really do not look at individuals at all.
I’m going to explain this badly, but I think it’s important.
Have you noticed every single aspect of the internet being slightly shittier? Not in terms of slowness, but just…off? You get a weird results on Google you didn’t get before, you hit weird loops doing support chats and realize you’re not chatting with a person that’s claiming they are a person, the tools you use at work are just not working as they used to?
This is because of the mass of tech layoffs and companies assuming they could just rely on AI. I have no problem with stuff like chatGPT…hey, another cool tool. But it’s not a replacement and more importantly, IT CANNOT ASK A CLARIFYING QUESTION which is 50% of a knowledge worker’s job.
My wife works for a company that did massive tech layoffs to jump on the AI train and now is literally hiring devs, without an interview, to frantically fix that mistake.
Everyone loves the “disrupter”. There’s a reason why that’s the phrase. It doesn’t solve a problem.
I don’t want to be that guy, but how did you not accrue significant savings during 24 years to bridge at least one year? That’s saving half a months salary per year
There is a world wide recession and than there are our corrupt politicians who print money to give it to weapon contractors, weird social issues which they created themselves ect .. This devalues dollar , fed increases rates to make it harder for companies to get loans.. Companies can’t take cheap loans , they fire people and stop hiring. They all know that people are hurting , but they all lie because the rich can still make some money on the inflated stock market. I say inflated because normally stock markets should be in bad shape after all the layoffs and other indicators showing slowing economy but everyone involved lies about the labor market saying it is strong , it is the AI or they over hired ect..
They can’t and wont say what is happening because it won’t change anything, it would only hurt the stock market. I think they’ll keep this bs up until the election but have no idea how it will all be fixed after the election.. With fed decreasing rates it may get better but don’t know when that will happen.
This experience was a real eye opener for me, learned where we stand as people in the grand scheme of things.
Don’t be afraid , push through.. find a job , any job really which can sustain you until this bs is over.
Time for you to take stock of your skills and experience and look to start your own business. Fuck finding a job at a big or medium firm. And fuck a small company too. They look at you as a slave.
If you have 24 years experience you probably have a lot of contacts – reach out to every single one of them, even if you haven’t spoken in years maybe just make a comment on something they’ve posted or a good memory you share about them. Then explain your situation – if there’s a role at their company you’d like to apply for ask for advice and info about the team structure, hiring manager etc. Maybe you’ll get a referral, or an introduction…applications alone unfortunately just no longer serve the purpose. Lots of applicants from all over the world especially for remote roles – even if you’re qualified your CV may never be seen by a human, or maybe your experience would make you perceived as over qualified and expensive so getting that foot in the door becomes necessary
You should probably look into the bankruptcy, or consumer proposal. It could be the relief you need. We went through it in 2015. Talk to them before selling everything you own and ending up with nothing but debt! If you keep holding on it may put you in a harder position. We could have kept some of our assets if we had made the decision sooner to talk with someone about our options.
I am in this hellscape as well. Been unemployed going on 10 months.
My two cents on what is going on.
First, I think the rise of remote work has really hurt on huge level. You are now competing with everyone across the country, not just your local area.
Second Corporate greed. Companies yet again are only worrying about short term profits and their billionaire stockholders.
And last those same tech billionaires running those companies are trying to see how many employees they can replace with a sparkly overhyped AI solution. I am sure they will get a couple bucks higher with their stock price and get rewarded for it.
Just a little bit salty..
It is tough out there. There are too many strong candidates looking for jobs and too many posted jobs are just ghost jobs.
I am in the same position.
1. Raised interest rates destroyed tech.
2. RTO was a mass layoff in disguise
3. Recession fears.
4. Businesses are testing who they can replace with AI.
Speculative:
5. Big companies want Trump to win for further tax breaks
6. Like with the rental market, there is mass price fixing to lower wages.
Currently getting the house ready for sale. Lost my job since Feb. have had interviews but no offers in my career field (php full stack dev)
I even got declined from the grocery store close by, lawn care service, and maid cleaning service. Like wtf is happening right now?
I’m on the opposite end of this. Graduated in spring 21, no internships. Managed to get a contract job with Amazon for 2 months, and that’s been my only corporate job. I’ve worked retail and as a parking attendant. I live in Texas, specfically the Waco/Temple area. Jobs shouldn’t be as competetive like Dallas or Austin, but they are. Banks say they want experience and education, but the bank in our local walmart hired TWO girls who dropped out of high school and have yet to get their ged(I know this because 1 girl is my mom’s friend’s daughter).
The current job market feels like russian roulette. You either know the guy behind the gun or you get the one empty chamber shot at ya.
OP they’re not talking about it because the powers that be don’t want a public crisis plus if companies start thinking we are in a recession then they’ll start laying off in mass.
I agree 100% they need to start talking about it though. We are in another recession and this one might make 2008 look like peanuts in comparison…strap in everyone it’s gonna be a bumpy ride smdh
Just curious, what’s your financial situation like before the job lost? I assume you should made good money in tech for the last 20 + years?
Most of this sounds like what happened to me in 2009.
People who haven’t been through this simply do not understand.
I urge you to downsize every single solitary thing you can. If you own your house and can get a good price for it? I would sell. “Sell my house, are you out of your fucking mind?” Do the math. What happens if all you can find is retail work at $20 an hour? Hanging on for two years, hoping everything will get better while you bleed out money on expenses that aren’t survival-level ones? In two years, you could be right here, “I tried to hang on, now it’s all gone completely.”