The Scoop #10: Another Chill Hitting the Tech Market
A hiring freeze at Meta, Cameo layoffs and the Ukraine job market slowly bouncing back
The Scoop is a bonus series, covering patterns and trends I’ve heard within big tech and high-growth startups.
Summer is soon upon us, and yet the tech market has not felt this chilly in a long time. Topics we cover today:
A hiring freeze at Facebook / Meta. Until the end of the year. Ouch.
Layoffs at Cameo. This one impacts engineering as well.
Offers rescinded in the US Bay Area. Can we draw any conclusions from companies walking back on a few offers in this high-cost region?
The Ukraine tech job market. Following the job market shrinking, growth seems to be picking up. What does this tell us about how heated the European job market is?
A tech brain drain in Russia. A large number of tech professionals have moved out of Russia. What will this mean for the industry?
What does the cooling job market mean? For those working in tech, for those considering the next move, and for hiring managers?