US Tech Companies Starting to Pull Job Offers (link)...

[AgEngDawg]

archive.ph

 

[quickfeet]

Can't get to the link here, but I think this is going to get ugly. In defense there are cases where certain skill sets are getting 50% over what the contract allows. Employers have to be paying out of pocket for this, unless they are completely abusing regulations (prob the case many times)

Some of the problem stems from: if you have a STEM degree and can get paid the same way to sit on you, why would you even need a real job. These companies start to realize they are getting zero productivity from these workers. They get laid off as companies pinch pennies to weather the economic downturn, markets get flooded with candidates, the workers that landed overpaying jobs get let go, market gets further flooded. It's going to create some interesting "non-traditional" pressure on the recession

 

[American Deplorable]

Can't get to the link here, but I think this is going to get ugly. In defense there are cases where certain skill sets are getting 50% over what the contract allows. Employers have to be paying out of pocket for this, unless they are completely abusing regulations (prob the case many times)

Some of the problem stems from: if you have a STEM degree and can get paid the same way to sit on you, why would you even need a real job. These companies start to realize they are getting zero productivity from these workers. They get laid off as companies pinch pennies to weather the economic downturn, markets get flooded with candidates, the workers that landed overpaying jobs get let go, market gets further flooded. It's going to create some interesting "non-traditional" pressure on the recession

There are plenty of labor positions open for them to switch to.

 

[quickfeet]

There are plenty of labor positions open for them to switch to.

Labor as in blue collar?

 

[Nayat]

There are plenty of labor positions open for them to switch to.

Learn to weld, amirite?

 

[American Deplorable]

Labor as in blue collar?

 

[AgEngDawg]

Labor as in blue collar?

Could do some of them a world of good.

 

[ttyh]

My two main clients I provide tech recruiting to are in hiring freezes now.

 

[ttyh]

Learn to weld, amirite?

Just started learning TIG welding.

 

[MittRomneysDrawers]

Checking in with a hiring freeze in tech...