How is this company going to keep running when the remaining smart ones all quit after March 8? We’re stretched thin as it is and it’s going to be he-l when the PM-to-doer ration jumps from 50:1 to 200:1.
22 replies (most recent on top)
If you have a job, keep it! I’ve submitted about 200 applications for PM roles, have had 5 interviews. One of them I just had a 6th interview 2 weeks ago. Haven’t heard anything back. Although they said they think I would be an amazing fit. And promised to get back to me that week.
Another I’ve had 3 interviews and they told me they are moving fast and I would hear something by the end of the week last week. Nothing! Ghosted. Again.
The other 3 first interviews they “really liked me” and promised I’d hear back soon. Nothing.
I keep getting excited and think I’m going to get hired and then let down over and over again.
People may be landing jobs but it’s a small percent. My Schwab LHH career coach had 100 other ppl mainly PMs in her batch and none of us landed a job. I became friends with her and now she has another batch of 100 PMs and she said 95% haven’t gotten an interview and the other 5% are getting ghosted after interviews.
Her advice was to start my own business in this job market. So that’s what I’m working on now.
Claiming market is bad for mediocre people shows how stupid and senseless people can be, also shows you are looking for mediocre low paid positions, If you are looking for entry level positions, there is a ton of them! 🤣
Job market is bad for mediocre people. I work in tech and had three offers to pick from. Just waiting for bonus payout.
Love the anonymous forums! There are two types os posters here:
- Those who are working right now and just trying to lie to themselves or create positive imagination by claiming market is good, or they have misinformation from some exception cases.
- Those who ARE looking for a job and they absolutely know market is at lowest in terms of number of real job postings and good job postings and number of interviews.
You can pick your category!
Whoever says Job Market is not bad has no clue, Bad is a relative word, there are very few real full time jobs out there and competition is extremely high, they get 10-15 times more candidates per job posting.
Market is very weak, end of the story, I have no doubt those who say market is OK are not looking for a job or getting false info.
The job market is not bad. People who were laid off are starting to land jobs, many with better salary/benefits.
To all who say there are jobs out there, stop spreading BS nonsense, I was laid off among 2000+ other employees, if you start a survey how many of us found a new job since almost 4 months ago, I bet you the percentage is below 5%, I am in touch with 20 other laid off employees across all disciplines, PMs, Engineers, Architects, Scrum Masters, 1 got a contract, one out of 20.
Stop spreading false rumors that there are jobs out there, market is darn slow and most job postings are bogus, either filed to keep the company in highlight or for immigration purposes, this is not the Great Resignation era, it is completely opposite, if you have a job at Schwab and a paycheck, your judgment is BS, you should take it from us, those with no job and no paycheck , Mark my word, nobody will quit after bonus, nobody is that stupid, period.
The EC knows how bad the job market is and it’s bad. Sure companies are interviewing, but it is a very competitive market and the EC knows that and using it to their advantage. They know employees will complain about the 73% bonus payout and the unjustified and ridiculous pay increase for EC members and others. They can pull this cr-p because employees are going to find it difficult to move to another company and they will stay. Sure quiet quiting will be common and engagement will be low, but the EC is happy with their fat salaries and will continue to be out of touch. There is the client experience and the employee experience. The employee experience will continue to degrade and that will impact the client experience.
From a “miserable old fool” it depends on what field you’re in! Maybe that’s true if you’re a techie or in sales. Some of us have had 10+ rounds of interviews at one company only to hear they chose someone else and this is the norm for most right now. Just because you got an interview doesn’t mean you’ll get the job. I’m sure you know that though since you clearly have a lot of wisdom. You’ll find out shortly.
Don’t listen to this miserable old fools. There are jobs out there and I’m actually interviewing for two right now. Both of them pay more and have more flexibility with WFH. Schwab is going to lose top talent and keep these losers
Nobody is actually going to quit. Just a bunch of whiners who don’t take ownership of their situations. This is life. Not everything is perfect or goes your way.
All PM's seem to care about is getting the next "new" feature out there. It's like the only thing they seem to understand. What they don't seem to understand is they are good at forcing out new trash/features with no plans to support this trash in the future. I'm pretty sure this year they want us making less trash and actually focus on securing, patching, and improving our existing products. At least that seems to be the direction when talking with higher ups on the tech side.
Those that stay are not trying hard enough to improve their lives. Enjoy mediocrity and stunting your career growth.
What you are not changing you are choosing!
No dark days… continued 30 hour work weeks with no real pressure to get anything done. Everything limited by funds dedicated to integration. Sit back and enjoy. Continue doing nothing new.
Rick at the helm can only mean disaster ahead. Dark days my friends.
It's a transition year as they have been saying. The slowdown has already occurred. From now to mid year not much work is going on. A lot of 30 hour work weeks and maintenance only. People are very non engaged. Many use policies and risk as an excuse to do nothing. Others use sts realigning to a fixed capacity.
All in all it's kind of nice that everyone up to MDs are aligned on taking it easy this half. Doubling down on hobbies
Not gonna happen, Market su-ks, very slow, not many FTE roles are out there, Nobody will quit, people who will quit wont exceed the normal attrition percentage.
I will be out as soon as I have a signed offer in hand. It may not be Mar
8th, but will only be a matter of time.
“People won’t quit since the job market is bad.“
No it isn’t. Stop with this nonsense.
Those leaving post bonus will be less than one percent. But they will be top performers generally. Another 10% or so will be frustrated by bad reviews and small increases. They will eventually quit or simply quit in place.
The company isn’t focused on growth anymore. We have mountains of tech debt and an incoming McKinsian who will be the worst CEO in company history.
None of this is economy driven.
Apathy and quiet quitting will make a come back. How will management know? It’ll just be explained away as everything is now slower. I’ve been told less output is expected this year. Persist until the company’s economic outlook improves seems to be the 2024 strategy.
People won’t quit since the job market is bad.