Why its SO HARD to get a TECH JOB right now?
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- čas přidán 5. 09. 2024
- Dreaming of a coding career but hitting roadblocks? The tech job market might be tougher than you imagined. This video dives into why landing that Software Engineer role feels impossible right now. We'll uncover the hidden factors making it a competitive jungle, and don't worry, we'll also provide tips to help you stand out from the pack.
#itcareer #coding #techprofessionals #techcareer #programming #howtogetajobintech #careeradvice #python #softwareengineer
Sir , your analysis is spot on. to add to your analysis , the companies are also expecting too much from freshers. they expect freshers to join the company and straight up do the work of a 2 year experienced SE (at least that's what i felt after attending a few interviews) . this results in having shallow knowledge on multiple technologies and mastery in none , i cant fully blame them cause there is so much supply of freshers.
You're absolutely right. This is a natural side effect of lesser demand and over supply. When companies get lots and lots of applications for open positions, they tend to fall into the mentality of "pay less get more". But we've to keep in mind we've seen a totally opposite situation 2 years ago, when companies were willing to hire a mediocre candidate even for senior positions (just because there weren't many candidates available).
So hopefully in next 6-10 months situation will fall back to normal!
@@DrAnwarHaqit will go back to some semblance of normal(though still not what it once was, obviously) when the rates will get cut. Which may take more than 6-10 months
The only video worth watching regarding tech industry, thank you for your insights.
Thank you so much Kunal!
@@DrAnwarHaqmy friend, I am an sdet. I have been looking for another position for the past year-and-a-half. I thought it was something I was doing wrong. Please don't let this be some sort of hoax. I'm so disheartened right now I can't take another person lying to me.
I've been software engineer in various tech industries (commercial, enterprise, entertainment software) for 35 years now .. programmers are not going anywhere , they are #1 resource needed, no AI can replace them, what would be eliminated is EXTRA positions which should not have existed on first place anyway ... as for skills, acquiring skills in programming is not trivial and those who put the work will always be in demand .. the major difference now is that information regarding skills is practically FREE .. no need for bootcamps, college or paid programms .. .all one need is passion and workethic .. results come very fast
❤
when was the last time you looked for work?
@@nu11pointerexception Good point; but this has very little to do with *beign replaced by AI* at work - much more in AI in recruitment tools or companies sinking money in meaningless genAI pet projects. Also, market adjusts both to programming becoming commodity as well as pandemic era cash bombing having rewerbatting effect on economy.
"jobs which should not have existed on first place" - Delusional comment. There are a lot of jobs which were always required like Data Analysts, QA engineers and Devops engineers even, that are at risk of being totally taken out. These jobs have never really enjoyed lime light, but they were really essential to keep the lights on.
@@nu11pointerexception 20 years, im simply too good at what i do
I agree to your points. I am in Data Analytics and the data analytics field is experiencing significant overlap with developer and business analyst roles, leading to unrealistic job descriptions that expect proficiency in a vast array of technologies. Companies seem to be struggling to define clear boundaries, resulting in a "jack-of-all-trades" approach that can be overwhelming for job seekers and ultimately hinder specialization.
100% agree with everything you said in this video, good content
Thank you so much! Its really thoughtful of you to take the time to appreciate the content.
This is the best explanation I've seen so far.
You just made my day :) Thank you so much!
Thank you this gives me hope. Im a bootcamp grad with only a few months experience in a contract role. 400 applicaitons and 0 interviews, despite real engineers in the field saying my skills and projects are very impressive. Im in full stack/front end/backend development and its so saturated.
Military
Thank you Anwar Sir..... when I talk to many Senior people in IT sector they are not able to realise the extent of difficulty students/ entry level aspirants are facing. This causes a lot of Stress, lack of confidence and a Sense of years been wasted.
Do you think front end development is still worth learning? I am currently finishing up learning React JS in hopes of landing my first tech job and I would like your opinion on what I should be adding to my skillset to get a job in react or if I should just start learning something else entirely.
Front-end development is still worth learning. Getting a job in any field is tough right now, so don't get disheartened and change the field. Instead use this time, to further develop your experitse in front-end development, so that when you eventually land the job, you're good to go. All the best!
Tech executives also chose to do the cuts in large chunks at the same time (rather than gradually rolling out cuts) because they want to send a message to tech workers and reset the balance of power in the relationship.
Oh look just what we needed another one of THESE videos
Thank you so much for your advice and insight. It really helped me understand the situation better.
yes. valid points. but also, there is new tax rules that came into effect for us domiciled companies. tax for software dev is due upfront, rather than amortize cost over years. so, Microsoft is more likely to employ someone in India than America. it’s just cheaper to do contract work abroad.
Great point. Yes, I missed that out. Thanks for keeping me honest here.
The ongoing conflicts in Russia, Ukraine and in the middle East and the associated disruption in the supply chain. The global instability due to conflicts and potential flashpoints in the south china sea are a major factor for the tight job market
you do not know a single job that was replaced due to AI, but surely that's not how it works. AI increases productivity, so the current employee will get more job done with the help of AI, thus eliminating the NEED to hire more people, as more work is now getting done with the current staff. Firing employees is the next stage which we haven't gone to yet.
Because you also do not know if "replaced by AI" means truly replaced by AI or "replaced by cheaper income workers that we present as an AI replacement for the PR".
Like Induit did
What about upcoming us election i heard there will be policy change to enforce us first policy which is basically giving 1st priority to American for jobs instead of outsourcing to india. What do you're thought about it.
This guy is pretty spot on. Well thought out analysis
About High Interest rates- Do not totally agree. Sure a products market is impacted by the interest rates the way you said, but 80% of the market is not innovation based. So its not a good explanation for the slowdown in even the non-product/innovation market
Very interesting perspective Jon! So, if we go by your numbers, even if 20% product based companies stop hiring and start firing, that puts a lot of load on the remaining 80%, doesnt' it?
Also, I'm working in a non-innovation based, very well established B2B tech company, and I trust me I'm seeing budget cuts in every department on almost daily basis. I'm also speaking with our comapy's big customers like big banks etc. Cost cutting is happening everywhere.
The only reason I can think of this tight economic situation is, high interest rates.
@@DrAnwarHaq Well if you see the Silicon valley(innovation hub) eco system the people in those companies rarely come into the non-innovtion hub. So the firing there does not impact the remining. Hiring on the other hand attracts people from the 80%.
As far as the budget cuts go its cause the governent wants to cool down the economy so they are doing many things apart from interest rate management. Every country has done it in different ways, like cutting immigration, changing taxes, changing subsidies, etc. So I agree its the economy which is impacting stuff but interest rates is just one factor in the economy. I think the title should have been economy and not intereste rates.
Actually you left out one of the most important factors!
The simple matter is that a company can only hire you if the cost of hiring you is LESS then what you cost.
In other words, if I can hire you, and by hiring you, you can make my company $30 dollars per month? Then I will hire 1 million such developers, and I'll make 30 million dollars per month.
Software is not really any different then people buying tires for their cars. As they drive the car, the tires wear out, so they buy new ones.
Software is similar, but different then tires, since software does not rust, and does not actually wear out either!
The other issue is of course cloud computing. I mean, a small town before the railroad arrived might have people making pots and pans. When the railroad arrived, then one factory in the country could make pots and pans for everyone - hence all those local pot and pan makers were laid off.
Same goes for the rise of cloud computing. If I need some accounting system, well now I can just get that system in the cloud, and that person writing the software might be living in the outback of Australia - and in their spare time they hunt crocodiles.
Same goes for software. The internet + cloud computing means that distribution of software is now near instant.
I used to know companies in town that would write say a payroll system, or even some accounting system.
Now? No company does that - they just go on-line and consume that software. So, keep in mind that like the railroad, the internet + cloud computing means that we have about 100x times too many developers.
It will take about 10 years for the industry to re-organize. And giving some one off example like twitter? Please, that not the general example for software companies.
Companies buy and consume software because the cost of buying that software saves them MORE then what the software costs.
The same goes for a company hiring a developer. If you walk into a company, and by then hiring you, you can save them more then you cost?
What company on the planet would not then hire you? They would be leaving money on the table by NOT hiring you!
Companies don't hire developers because they want a developer. They hire a developer because that developer can produce more value then what they cost, and if a company keeps hiring people that cost more then what they save the company? The company will go bankrupt.
Some of the big tech companies of course don't have to follow the above rule. Thus, some of them hired a whole bunch of people since they thought in the future they may well not be able to have the number of developers they need. That silly market aberration is now over.
The simple matter?
For MOST companies buying software?
They ONLY buy such software if that software saves them MORE then what the software costs! Really kind of simple!
And if they are buying and consuming software, then that means jobs for those developers.
No company will buy such software, nor are they thus then going to hire a developer, or consume such software built by developers if it don't save them money.
With the rise of cloud computing? Then distribution (like the railroad) has increased the reach of each developer by 100x.
Right now, the industry thus have easy not 10x, but closer to 100x too many developers.
So, I estimate that it will take about 10 years for the 100x too many developers we have to leave the industry, then, and ONLY then will the job market for developers stabilize.
And speaking of railroad industry? When the diesel electric engines came along and replaced steam engines? Most rail yards pared their work force from say 5,000 workers in a rail yard down to 1000.
Given that most general software like accounting, CRM, inventory etc. is now done, and can be consumed from the cloud?
Then the number of developers required in our industry is drastic reduced.
And that means for a company to hire a developer, that developer has to cost LESS then what they pay that developer - really only requires grade 3 math skills to figure this out.
Since the internet and cloud computing allows wide distribution of software, then a local town has no need to hire you to build some accounting system when they can simply go on line and get such a system for low cost.
We simply have WAY too many developers, and we are far from the software industry returning to the crazy days, much like the early days of the rail road industry which was booming for years, but it not anymore, and that applies to our software industry.
Once the number of software developers drops by about a factor of 100, then the industry will return to balance, in which the number of developers leaving and the numbers of developers are entering returns to a balance.
Low interest rates can spark investment, but unless that software going to save companies buying such software, then you don't have a valid business, and no company will buy such software unless such software can save them more then such software costs.
This is really grade 3 math here, and leaving out WHY companies buy and consume software means any such analytics of the market is flawed.
walmart does not pay a six figure job to pay your mortage let alone support your family, it does not lower pressure in the slightest.
Thanks for posting this video! So, my question is this: if it's so hard to find work in the tech industry right now (not counting entry level positions), why are there supposedly sooo many companies looking for people on LinkedIn? I get email messages, from LinkedIn, with information on companies looking for people with my skills or {blah blah} has 100+ positions, etc. I don't mean to imply LinkedIn is "the defacto standard" in assessing job opportunities in the tech industry. However, I often get email notifications about companies that are hiring and looking for people. Maybe those positions don't really exist, I don't know. I will mention those messages tend to focus on companies looking for Senior-level developers. Given the "Elon Musk effect", I would imagine a number of Senior-level developers would have been fired. It just seems like there's a disconnect somewhere between the numbers of people who can't find work and the numbers of employers looking for people.
Great observations... Here are my 2 cents: There are definitely a lot of jobs in the market. A simple search on Linkedin for 'Software Engineer' in the US, gives over 130k results. Also, the data from BLS shows the tech job postings are at about 70% level compared to March 2020 (pre-pandemic). Its definitely not 0% :). Its just that the market was flooded with thousands of people and lot of newcomers coming from bootcamps etc.
I think what you're missing is that the "Elon Musk effect" encourages companies only to "keep" senior engineers rather than firing them. When comapnies are forced to be more effecient, there's race to hire the proverbial "10x engineers", who are seasoned senior engineers. I'll be explaining more on this in an upcoming video titled: "Why NO ONE is hiring for ENTRY LEVEL tech jobs?" It should be coming in about 2 weeks. Keep an eye.
And thanks for liking the video :)
Finest explanation ever on the current market ❤
Glad you think so!
Sir working as tester with 2.5 years of experience and getting less than 4 lpa package what should i do to get growth.
Software testing is poorly paid and is soon going to be automated through AI. Try to to improve your skills and get into fields like Data science, Cyber security, cloud servics, devops etc.
According to me the biggest problem in India is people from different Engineering Branches are coming in IT. All my friend who were doing Mechanical, Electrical, civil, everyone joined IT company....
great insights, thank you
People need to diversify and start building a brand simultaneously while still looking for a job. This is the only hedge I see working against this tyrannical system.
You are so right mate! Agree on 100%
Thanks, you had a lot of reasonable points. I definitely don't have as much experience as you do but I do see somethings slightly different, but I could 100% wrong too lol. I don't think venture capitalist and angel investors play much of a role at these very large companies that are laying off hundreds and thousands of devs at a time. I think this has a huge effect on start ups and smaller companies but for them I think they would lay off maybe 3 ~ 5 and that's a maybe because most startups try to run very lean like you mentioned with how WhatsApp was lean. I think this more so will/has hurt new tech startups trying to find that capital like you mentioned. To the point of the Elon Musk effect, I don't think companies really learned anything from this event. Most of these companies knew they could make it with less engineers well before this and even if they didn't they would still have to make that choice if their CFO made them which would have had the same outcome. I don't think many smart execs would look at what Elon did as a success story lol if they did I question their leadership skills lol. And with junior roles, seems like companies are being overly cautious right now honestly. They want people who have worked with their exact stack for multiple years but they might have just slapped together their stack within the last 2 or 3 years during their R&D let me try this phase right before all the layoffs. It don't seem like companies care much about general fundamentals that show a that an engineer can learn fast even in spaces they have not seen before. I have a lot of people I mentees, students, and friends who just graduated and I have had to think about this and give advice to help them not give up, but again I might be way off the mark here. What do you think, did I miss something that might give me a better view.
Great explanations!
Thank you for this video Sir🙏👏
Most welcome
Very Informative ,thanks for sharing this with us
So nice of you!
and if you get it, prepare to work more than 14h per day
Hahah... I don't think its that bad :)
Wow! You sound reasonable and positive!
Only getting in is most toughest thing. Am I right? And what about cybersecurity roles and network and hardware engineer role sir?
Thank you
Getting a tech job is not easy (as it was 2 years ago), even for senior people, even in the demanding roles (like cyber security etc.). But its much more difficult, if its your first job. Once you get your first job, with experience, landing the next job will hopefully make it easier to get the next role. Also, the market is also expected to become better in next one year.
@@DrAnwarHaq yes sir I am trying to get my first job at 26 without any degree only by learning in public. Thank you sir
@@DrAnwarHaq even with 2 years of experience I am unable to find a job just because I was laid off... despite having skills no interview calls ....I'm clueless as parents are dependent on me
@@jyotirmaypal2263 why dont you try freelancing in ur free time ?
@@starsinthesky593 trying everything but not getting any projects ....I'm already applying to many projects ....even trying in telecalling
Absolutely hard. But if you working in support position or you have experience in support then you will apply for multiple role
Because in support there is no specific role available like java developer.
Multiple positions application, product, support engineer , application administrator
Just we need to explore based on our skills and experience
Don't just apply only one role
Because in support position only names change.
Thanks for sharing your thoughts Vikas!
As a software engineer, what do you think I need to start working on support roles?
@@veedjohnson Google kro.
Right now support me opportunity kafi less he.
Go for development for better future
What about the globalization of TechOps / Technology / IT market? Now many companies have access to multi-BILLION people resource pool world wide
Pragmatic and sensible analysis
I'm learning data science and machine learning, what's the future scope?
You are on the right track bro.. the future looks very promising for these!
@@DrAnwarHaq Great 😃
Ask your mom to teach you cooking
Finally something positive. Great video.
Halfway done with my bachelors for this-should I just drop out or…go into more debt for a non existent job.
If you are 40+, you need to have cashed out, climbed to a mgmt role, or launched a startup.
What if you are still looking for a junior job as a 40 year old? 😅
@@Oathbetrayer Too late!
Definitely a case of oversupply of (junior) software engineers
Totally... but oversupply is a relative word, it depends on the level of demand. If demand grows, the same level of supply, which is currently over-supply, will become under supply, as we've seen in the last many years
I just saw yesterday an IT entry level job at the US Embassy for everyone with an IT related degree or background. No experience required. Salary more or less $130 000 per year. Requirements:: US citizen, age: born after 1959. If born before 1959 you are required to bring some health files etc. America is the greatest democracy on earth I believe it. Wish I was an US citizen. May God continue to bless this country!
😏
America and democracy 😂
And a quarter million applicants to that job i bet
Just so you know, there’s a lot fake job postings out there. It might be because someone in management needs to show that they’re “hiring” for internal purposes and have no intention of actually hiring. Look it up, there’s a lot of videos on YT.
That's a fake posting for sure
Sir i am mech 2021 passout was trying to get a job in data analytics field but experiencing it very difficult for me to get a job in data analytics so in which domain should i try?
Try in ur own domain like designing
@@arun-kumar78 no but thanks for the suggestions
Have you been on Twitter? He took a struggling company and made it worse. Twitter is a terrible UX and the community is dying.
does career gap effect to enter into It ,because gov job preparation? need a genuine advice
Depends on the hiring manager and the reason for the career gap. Most good hiring managers won't give any importance to that. If you perform well in the interviews, and have impressive career/skill set, there's no reason someone would disqualify you for taking a career gap.
(I wanted to make the word 'skill set' bold here, but youtube doesn't allow that :) )
adding my two cents here, it's up to you to justify it and present it in a good way, it's okay to have gap years we're human after all, some would not even care about it, some would be curious and ask you. Coming from a healthcare professional who switched to IT ;) Best of luck!
@@DrAnwarHaq thank u :)
@@yahiarafik9965 thank u :)) gave me hope
One of the best explanation videos I've come across. After watching this video I am a lot more confident and optimistic about the future of tech. If I had to compare a human to god this guy might be a candidate.
Is it really worth applying to jobs when the chance of getting a response is basically 0 right now? Isn’t that a waste of time?
Hi mr Anwar, as you told it’s tough right now i totally get it, but what roles in IT are less saturated and still realistic to get hired?
AI has already eliminated support and maintenance teams i was in LCM team it dissolved due to AI
Lates news is Bangladesh replacing India in offshoring as India is expensive.
Section 174 is another one. Would love to hear your opinion on this.
Nicely explained loved it the real reason
Thank you!
But what is wrong with being disillusioned?
Over-hiring also permeated the smaller tech company space. They began creating meaningless roles like "customer success" and pointless marketing positions. Money was cheap and creating this illusion that a tech company was thriving by adding more headcount was a sensible strategy to attract investors and talent. Creating a phony culture was a priority.
Very apt analysis. Thanks for sharing... BTW what's a 'phone culture'?
@@DrAnwarHaq phony, pretentious, contrived.
Very well explained...
Sir i am focussing on data analytics and especially in sas but also gonna learn r and python . Can u suggest any other things that i need to develope
as you learn Python or R, there will be many libraries within these you can then master for example in Python you'll have pandas, scikitlearn, matplotlib, spacy, nltk, etc. Spend some time learning those. I would suggest spending more time on learning python (compared to R), because python is much more versatile and has many more jobs.
@@DrAnwarHaq sure sir thanks for ur guidance also can u say me how I can learn programming languages efficiently like see the example programs or learning the theory?
@@tornadogamer1907 You'll find the suggestions given here useful: czcams.com/video/SYmxXihuRWg/video.html
Not sure what to make of this video….not used to hearing people that actually know what they are talking about 😂 well done
Hahaha... thanks James!
What can International students do, who just graduated and are on OPT... ?
If you're on STEM OPT, nothing much to worry about, as you still have about 3 yrs. If you are on 12 months OPT, then you should try hard to land a job which could sponsor your H1, otherwise you'll have to enroll in another STEM MS program
Hi sir, Im currently learning salesforce currently. Should I continue it. Im have 2 years of experience but in some other tech field.
Union jobs cant be eliminated with AI
Haha agree... besides relying on one's skills for jobs, relying on the power of unions can also be a useful tactic :)
If you take away central banking then maybe we wouldn't have these unhealthy boom and bust cycles anymore.
I agree...
We need to bring hyperbitcoinization
I've done my batchelor in bca ... currently I'm persuing mca from a open university so that i don't have gap in my resume.. currently I'm learning DSA.....plzzz guide me sir what should i do..... I'm so stressed 😥
What's BCA? Feel free to setup time with me on my calendar at: calendly.com/excelatds/free-office-hours-slot
Give me the solution
Solution is not loose your passion and don't get disappointed if you're having a hard time landing a job. Keep learning and keep applying. Just because getting a job is tough right now, doesn't mean it'll stay like this.
Thats why interviewers grilling a lot
Hahaha... yeah :)
your analysis is right
good insights
Thanks dear...
Hi sir i am following you from 4 months i comment last time and asked for data science sir i have completed my cs degree now i want to learn data science in your video you have said that for learning data science you have a mantor sir i have no idea how to strt my career in data science can you please suggest me any institute online or youtube channel or any mantor please sir
u can try datacamp its a free online course
If you want, we can have a zoom call, and I'll try to guide you to the best of my abilities. Tell me your email, I'll send zoom invite. And don't worry, its free :)
@@DrAnwarHaq 👏
@@DrAnwarHaq okk thnkx sir
@@DrAnwarHaq sir i am adding email it disappears automatically
I started learning mern stack almost did 2 projects
Should i change the domain ?
Yes mern is dead
@@Sarajboos12 Lol
Definitely not. You are on track I would say. Keep working on the same stack till you get good proficiency. How can you stand out of 10 or 100 mern stack candidates is the key. It applies to most domains in deed.
Truth is no sane person should consider working for any company that's profit orientated, and that's every private company
Interesting perspective... what alternatives would you suggest?
you should offer online course I would be interested.
thanks... what kind of course would you be interested in?
@@DrAnwarHaq I have a small business but me and my wife are expanding branches in different areas. I graduate BS computer science but that was 18 years ago. I want to digitalize our inventory and audit system. I''ll just do it by myself instead of hiring a programmer. I tried codecademy but I can't piece together what i've learned. I realize i needed experience mentor. But before that I have a personal dream of trying mobile application. If you have a course that will lead me to a mobile web application career that would be i'm interested for now.
@@DrAnwarHaq I can't brandish my email address obviously how can I contact you personally ?
@@alfonstabz9741 please book some time on my calendly.
calendly.com/excelatds/free-office-hours-slot
Very nice video sir.Sir should I learn full stack or no? Can you guide me which technology I must learn to have better future?
If you have interest in learning full-stack development, go for it. This field is a bit saturated right now, but still has good potential.
Some other fields which are gaining a lot of traction are Data science, and cyber security.
Elon musk fired content moderation team and many critical teams that were important. Although he is running on pretty less resources but hate speech has increased.
Ashwin, I've worked in Facebook's content moderation team for 2 years. Trust me, a big chunk of those teams are just doing busy work just to keep regulators happy and promote healthy image for the comapny. As hate speech is very very subjective term, most companies when they say are curbing hate speech are basically censoring content per their prefernces. Adding community notes is a much better way to provide alternative perspective.
It could be a long debate, but I'm generally in favor of the decisions Elon musk took.
@@DrAnwarHaq but climate change disinformation has really gone up on twitter
@@DrAnwarHaq but climate change misinformation has gone up on twitter
@5:00 - Cringe!!
Is it. I see all kinds of bozos get a junior job at my company.
Stop with fake click bait
how's it click bait?
I'm sorry if you felt like that. I tried my best to answer the very question, I raised in the video title.
I...dont think you know what fake click bait means. It makes no sense in this context.
Hey Anwar , really nice video ! I was wondering if I could help you with more Quality Editing in your videos , make a highly engaging Thumbnail and also help you with the overall youtube strategy and growth to grow your channel ! Pls let me know what do you think ?
Thanks for the reach out. I'm happy with my editor and thumbnail designer for now. But will keep you in mind if circumstances change.
thank you 🤍
Thank you for this video Sir🙏👏
Welcome!