Well this is unfortunate, but at least the CEO explained it more clearly than the last cuts they had in that leaked Zoom call.
I'm a bit disappointed they portrayed everything as fine during that call when it clearly wasn't fine.
u/hopeandbelieve wrote (the comment Michael replied to):
@michaelnovati what are your thoughts on software engineering positions moving forward? I’m confused because people say the demand for hiring is high but I don’t seem to see that being true. Thoughts?
u/michaelnovatireplied·
Hi, it's confusing because both are true. Going forward and long term, we're going to need more and more engineers. For example, law firms will start hiring engineers to build tools and AI instead of hiring paralegals.
But in the current market, engineers with 2+ YOE are getting interviews and great jobs, and people with no experience are having a much harder time.
I think it's very likely that with interest rates as they are and the fundraising environment as it is, that the top companies will continue to hire experienced engineers. However, engineers moving up the food-chain might make some openings for more junior engineers at the companies those people are coming from, and competition is tough.
It makes a lot of sense people aren't giving up decent jobs to change careers right now. I think it makes sense to go to a bootcamp as a just a part of a long journey to becoming an engineer, but not something you do in 12 to 20 weeks overnight.
u/PenitentAnomaly wrote (the comment Michael replied to):
Their business model isn’t working (relying on student tuition to remain operational) because unprecedented tech layoffs have scared off lots of students and perspective career changers.
They scaled up their programs to meet demand in big tech hiring and now big tech is running
u/michaelnovatireplied·
+1 bootcamps don't change fast enough. Like Codemsith hired a few more career support engineers (part time alumni who do zoom calls) and advertise that as massive changes to the market conditions. Bootcamps have such rigid structure and the good ones have scaled that structure well and they don't know what massive change overnight really means.
Changes at HR to add part time and beginner courses were business driven, what changes could they make to increase enrollment and not increase outcomes.
There's not much you can do in a market that doesn't want to hire bootcamp grads with no experience, other than teach people to stretch the truth and make their resumes look experienced to try to squeeze your way into jobs you aren't qualified for. I'm speaking about systematically approaching the market. I actually feel INDIVIDUALS with no experience can find creative ways of leveraging past experience to try to get jobs in a healthy way