Nairobi profile picture
Nairobi profile picture

Nairobi

AE

Politicker
Valued Contributor
Opinionated
+6

When do you think the job market will be hot again?

With the continuous layoffs happening, I'm thinking maybe mid-Q1/Q2 2023. Too optimistic?


I don't think it will be at the Q4 2021/Q1 2022 level, but hopefully, it will be much better than now.

When do you think the job market will be hot again?

Attached poll
*Voting in this poll no longer yields commission.
๐Ÿคทโ€โ™‚ Poll
๐Ÿ˜‹ Job Searching
๐ŸŒŽ Economy
28

37 comments

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jefe
Arsonist
11
๐Ÿ
.
Nairobi
Politicker
2
AE
Lol very accurate picture. Where do you think it landed though?
jefe
Arsonist
2
๐Ÿ
I said Q3 next year.
antiASKHOLE
Tycoon
6
Bravado's Resident Asshole
Itโ€™s all a guess for us.
Nairobi
Politicker
2
AE
100% just curious what are people's guesses. What's yours?
antiASKHOLE
Tycoon
3
Bravado's Resident Asshole
Honestly, when Biden gets out of office is my guess.
Nairobi
Politicker
2
AE
Tbh I could see this happening
commishcapo
Opinionated
0
Commercial Account Exec
lol
ChumpChange
Politicker
5
Channel Manager
Capital markets have been drying up and interest rates are compounding the problem. Based on the layoffs that have been happening in tech... EVERYONE is hunkering down for the market to rebound and be investment friendly. The tech gold rush has ended and now we're all feeling the course correction from that hiring spree. My guess is the end of 2023 or mid-2024.
Sunbunny31
Politicker
5
Sr Sales Executive ๐Ÿฐ
I'd agree that a large part of what's happening in tech is correction.
Nairobi
Politicker
5
AE
Totally agree with the correction as well, most of those layoffs are companies that got big rounds of funding last year and hired like crazy. My thought was that since this correction started in Q2, it should end in a couple of quarters but seems like it will continue.
Sunbunny31
Politicker
4
Sr Sales Executive ๐Ÿฐ
It will continue because even companies that didn't overhire may have overfunded projects that they'll eliminate or consolidate.

There will also be a consolidation of players in the same market, I believe. All of this will lead to a drop in the headcount.
SADNESSLieutenant
Politicker
3
Officer of โ™ฅ๏ธ
Q1 2024
Nairobi
Politicker
2
AE
What's your take on 2023? Will layoffs keep happening?
SADNESSLieutenant
Politicker
2
Officer of โ™ฅ๏ธ
it's just starting..
coletrain
Politicker
1
Account Executive
And Amazon now is only hiring to backfill instead of expand white-collar.

We're only just entering the woods I fear
SADNESSLieutenant
Politicker
0
Officer of โ™ฅ๏ธ
^^
CuriousFox
WR Officer
3
๐ŸฆŠ
๐Ÿงฟ๐Ÿฆก
Kosta_Konfucius
Politicker
2
Sales Rep
Really hard to say, J-Pow with another fed hike.
Nairobi
Politicker
1
AE
Well great timing of my post, just saw J-Pow made an announcement like yesterday
BlueJays2591
Politicker
1
Federal Business Dev Director
My guess is late 2023 as it seems we have a ways to go before this is over
Nairobi
Politicker
1
AE
Yeah, I think I was too optimistic about the Q1-Q2
BlueJays2591
Politicker
1
Federal Business Dev Director
From what the fed said with rates, we have a ways to go. But if I've learned anything in my life, never trust the feds. So who knows
Diablo
Politicker
1
Sr. AE
My assumption is that the hiring might start again in Q1 as most of the invested companies have to show growth in some manner and hiring more people is a sign of expansion. Just my guess.
Nairobi
Politicker
1
AE
Yep, that's why I said maybe Q1
TennisandSales
Politicker
1
Head Of Sales
I would say another 12 months for sure. but thats just in general. there are always companies hiring and there is always opportunity out there for those who know how to find it.
Nairobi
Politicker
1
AE
Very true, it's just harder to find rn.
TheOverTaker
Politicker
1
Senior Account Executive
If i knew the answer to this, I probably wouldnt be in sales. My guess is no time too soon
LightingLeader
Politicker
1
Specification Sales
No one is going to hire around the holidays really. I think Q2 2023 is either going to be economic collapse or insane growth. My money is on volatility haha
Blue_Turtle
Opinionated
1
sdr
Itโ€™s impossible for anyone to know this. Take a dozen different guesses and maybe one of them will be right. People will hail that person as a genius and theyโ€™ll build clout, but the reality is nobody can know exactly when the market will suddenly rebound.
FoodForSales
Politicker
0
AE
Right after the mid-term elections...
JDialz
Politicker
0
Chief Operating Officer
When the Fed stops fuckin around (Q3-23)
SDM
Politicker
0
Sales development manager
I know big giants are laying off mass but there are companies who are hiring...like Zoho, Amazon is still hiring. Not really sure when it will pick up ...maybe when US release cash into market ๐Ÿ˜‚๐Ÿ˜‚ .. I see it as market is resettling itself. Companies have hired numerous staff in 2021 and before.
SDM
Politicker
0
Sales development manager
For web3 and Blockchain developer s ... It's hot right now
commishcapo
Opinionated
0
Commercial Account Exec
have a feeling we're just seeing the beginning of the dark days. who knows
punishedlad
Tycoon
0
Business Development Team Lead
I'm gonna be safe and say Q3 of 2023, but could totally be wrong. Honestly, I expect to be wrong.
Mendizo
Opinionated
0
Sr. Director
I think it depends on what altitude you're talking about. For tech B2B SaaS AE's, the job market is still very darn good. A month ago we had a big part of our sales team dissolve, and out of the dozen plus folks on my team, more than half already have landed jobs and/or have accepted roles and will start soon. I'd call that a pretty good market.

There's no denying that there is belt-tightening going around; many PE boards especially are asking their portfolio companies to scrutinize overhead (many of the smarter PE boards started doing this in Q1 of this CY). However, companies still need to grow, and smaller companies are picking up a lot of the individuals leaving the larger companies. It's very much cyclical and not too surprising. The big tech companies also wantto extend this perception of market weakness because it helps them keep their churn numbers down, which they struggled with mightily the last couple of years.

So, if your question is, when will big tech companies go back to the crazy hiring that they did in the last 2 years? Yeah I would give that another 2-3 years perhaps.

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