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Is there a drop in software engineer job openings, globally?

The Pragmatic Engineer

In October 2022, I wrote about the start of a Big Tech hiring slowdown. In October 2022, I wrote about the start of a Big Tech hiring slowdown. That same month, after gathering insights from more than 30 hiring managers , my conclusion was that in almost all regions, it was easier to hire.

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Datadog’s $65M/year customer mystery solved

The Pragmatic Engineer

The internet has been speculating the past few days on which crypto company spent $65M on Datadog in 2022. The company made $1.67B revenue in 2022, circa $140M per month. We had a large upfront bill for a client in Q1 2022 that did not recur at the same level or timing in Q1 2023. So, did Coinbase spend $65M on Datadog in 2022?

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Big Tech job-switching stats

The Pragmatic Engineer

I have collaborated with a tech recruiter - they’ve asked to be anonymous - who’s been running some very interesting queries on LinkedIn for software engineers. How software engineer populations have changed across Big Tech: The percentage change in software engineer roles at various companies, between Oct 2022 and Jan 2023.

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Lyft in Trouble

The Pragmatic Engineer

The company is bleeding money: in 2022 it brought in $4.1B It is pretty telling that the company’s revenue was $4B in 2022 but its market cap is a mere $3.3B. For example, the market cap of Uber is roughly 4x the annual revenue (2022 revenue of $17B, market cap at $61B). Originally published on 30 March 2023.

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The Big Tech Hiring Slowdown Is Here and it will Hurt

The Pragmatic Engineer

This issue was written in Oct 2022, sent out to all subscribers of The Pragmatic Engineer Newsletter in October 2022. The observations on how Big Tech hiring will slow down have since been validated, with Meta not only laying off in November, but also rescinding offers in January 2023, and Amazon doing the same.

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A Return to the Office (RTO) Wave?

The Pragmatic Engineer

” Since 2020, Snap has been “default remote” and hired lots of people not within commuting distance of its offices. 👋 Hi, this is Gergely with a bonus, free issue of the Pragmatic Engineer Newsletter. We cover one out of five topics in today’s subscriber-only The Scoop issue. Here are some of them.

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The job market for new grads: worse than in 2008, but better than 2002

The Pragmatic Engineer

In 2021, an impressive 67% of graduates got a software engineering job within 8 weeks, and in 2022 this number was 74% and close to 100% after 6 months, with a $124K average base salary. Big tech is freezing hiring and conducting layoffs. Shouldn't they be hiring? To get this newsletter every week, subscribe here.