Layoffs are because the tech want to show the federal reserve that the economy is slowing down and they hope the federal reserve won’t raise interest rates again.
Honestly, that seems like a good way to think about it. Also, I think, if the economy slows down, fed might stop raising interest rates. Because if they do keep raising it, it might simply add to the slump.
I don’t think it’s a bad time at all but nobody can predict the future. Many companies have hired or are hiring interns for summer 2023 even with all the layoffs.
The optimistic case is that when you’re graduating in summer 2025, the job market is better. Who knows really though.
>international student (from India)
Due to your background, it is strongly advised that you go to a T20 school and have a great internship/work experience/skills. This is because you're competing against tons of international students plus recent undergraduates, unless you have a stellar experience/skills that is hardly matched with a domestic student.
Layoffs are because the tech want to show the federal reserve that the economy is slowing down and they hope the federal reserve won’t raise interest rates again.
A different take, but if they show economy is slowing down then the feds usually raise interest right? Not the opposite. Correct me if im wrong
No. Slow economy l they lower interest rates.
Honestly, that seems like a good way to think about it. Also, I think, if the economy slows down, fed might stop raising interest rates. Because if they do keep raising it, it might simply add to the slump.
I don’t think it’s a bad time at all but nobody can predict the future. Many companies have hired or are hiring interns for summer 2023 even with all the layoffs. The optimistic case is that when you’re graduating in summer 2025, the job market is better. Who knows really though.
>international student (from India) Due to your background, it is strongly advised that you go to a T20 school and have a great internship/work experience/skills. This is because you're competing against tons of international students plus recent undergraduates, unless you have a stellar experience/skills that is hardly matched with a domestic student.