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Startuply: Job Market Holding Steady … So Far (sproutly.com)
11 points by rockstar9 on Oct 24, 2008 | hide | past | favorite | 5 comments



Nope. I had an offer from a startup that I liked, but it was withdrawn last week, b/c of the hiring freeze across the board demanded by the board of directors.

Another one, that was looking for somebody with my skillset (which are not that common), had hiring freeze. The recruiter was very frustrated as she thought I was a "slam dunk", a good fit for the company, and exactly what they were looking for.

There is a flood of candidates, and not enough jobs. A lot of small and big companies have hiring freezes.

Some of these hiring freezes are justified, some are from pure panic, as there is a lot of uncertainity out there, and companies' revenue projections are out of whack (they really don't know how things will pan out next year).

I have a job, and staying put in my current company, but also there were these two opportunities that looked good, but they went away just b/c of the market conditions.


Not quite... check this post http://news.ycombinator.com/item?id=343086 (also by sproutly):

While Startuply seems to be doing OK, other job boards have been seeing a decline in jobs. Joblighted, an online job aggregator, has reported its statistics, showing a clear decline in job listings.


Not really. I track 21 job boards and there is indeed a noticeable decline, though it did start already earlier:

http://joblighted.com/statistics

And there are more people looking for jobs: in the last few weeks my subscriber count went up at higher rate than it used to.


I made some new graphs, taking data from all the history I kept (since September 2006):

http://joblighted.com/img/jobs_Sep2006_Oct2008_weekly.png

http://joblighted.com/img/jobs_Sep2006_Oct2008_monthly.png

But bear in mind, I kept adding new job boards during these 2+ years, so more recent dates have jobs from more boards than at the beginning.


I think you guys are right...an important part of my answer was the "yet." We haven't seen too much weakness yet at Startuply, but it's sure coming.

We still expect startups to be better insulated from macroeconomic weakness than many (or most) other industries/niches.




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