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| The economy is dead (2046269) | |
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| (2046269) | |
The economy is dead |
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Posted by Peter Rosa on Mon Oct 5 09:05:36 2026 I saw this horror story on Reddit:An insurance company reached out to me. I didn't apply. They came to me. Screening, hiring manager, hiring manager's manager, team panel, case study, board deck, HR final. Seven rounds across six weeks. I passed all of them. Scored top marks on the take-home. Clean background check. HR said "the team really liked you." Then I got the offer. In writing. Start date locked. I did all the "right" things: stopped interviewing elsewhere, turned down two other active processes, started looking at apartments in that city. The night before, I set three alarms. My calendar said "First day!!!" Then at 8 a.m., one hour before I was supposed to log on, HR called. "I'm so sorry, but the CEO personally reviewed your resume and decided you don't have enough years of experience, so we're rescinding the offer." The CEO. The CEO who sat in zero of the seven interviews. The CEO who hadn't looked at my resume once in six weeks. The CEO who let HR, the hiring manager, and an entire team run a full 1.5-month process, let me reject other offers, let me stop job hunting entirely. He glanced at my resume in the final hour and said "nah." So now I'm sitting here with a revoked offer, two declined interviews, and a resume gap that just got two months longer. Someone in this sub once said "they wait until you start believing before they destroy you." Truer words. To everyone still grinding in this market: don't stop applying. Not until the badge is physically around your neck. |
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| (2046278) | |
Re: The economy is dead |
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Posted by Mitch45 on Mon Oct 5 11:22:52 2026, in response to The economy is dead, posted by Peter Rosa on Mon Oct 5 09:05:36 2026. Something similar happened to me years ago. Will never forget it.In the fall of 1990, a few months after I graduated from law school, I applied for an attorney's position with the NYC Law Department Family Law Division. I was interviewed, interviewed again and again. The City did a background check and I was then hired with a congratulations and welcome aboard letter. I was fingerprinted, photographed and provided with payroll information, where I would be working, everything. I was advised that my start date would be announced within 2 weeks. Everything looked great. My uncle bought me a new briefcase with my initials monogramed on the front. Then, a few days later, I read in the paper that Mayor Dinkins was instituting a hiring freeze due to the City economy. I thereafter received a letter from the Law Department referencing the hiring freeze and assuring me that since I had already been hired, the freeze did not apply to me. I was told to stand by as my start date announcement was imminent. September passed, October passed, no start date. In November I received a letter from the Law Department re-confirming that I had been hired and that they were working with the Mayor's office to get a start date. I was told to hang tight. November passed, December passed, no start date. In January I received a letter from the Law Department advising that "in their view", I had been hired but that the Mayor's office was slow in providing start dates for people in the pipeline like me. January passed, February passed. My school loans were starting to come due. Banks were calling me. In March, I received another letter from the Law Department advising that they did not know when I would be getting a start date and that if I wanted, I could start exploring other opportunities. Seeing the writing on the wall, I updated my resume and started the mass mailings. Unfortunately, the economy in 1991 was bad and private firms were not hiring. Finally, in August, 11 months after I was hired by the Law Department, I was hired by a small downtown Manhattan firm. My starting salary was $15,000 per year less than the Law Department would have paid but I had no choice. A month later, I received a final letter from the Law Department, expressing their regret at what happened and that I would be better served if I moved on from their offer. I was told that if a start date came through, they would notify me immediately. I never heard from them again. |
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| (2046279) | |
Re: The economy is dead |
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Posted by cortelyounext on Mon Oct 5 11:29:19 2026, in response to Re: The economy is dead, posted by Mitch45 on Mon Oct 5 11:22:52 2026. Why they do you like that? The not knowing is always the worst part. |
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| (2046282) | |
Re: The economy is dead |
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Posted by Peter Rosa on Mon Oct 5 12:40:10 2026, in response to Re: The economy is dead, posted by Mitch45 on Mon Oct 5 11:22:52 2026. That’s horrible. |
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| (2046286) | |
Re: The economy is dead? |
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Posted by Olog-hai on Mon Oct 5 13:20:39 2026, in response to The economy is dead, posted by Peter Rosa on Mon Oct 5 09:05:36 2026. LOL Reddit. |
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| (2046287) | |
Re: The economy is dead |
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Posted by Catfish 44 on Mon Oct 5 13:29:28 2026, in response to The economy is dead, posted by Peter Rosa on Mon Oct 5 09:05:36 2026. You post this nonsense someone cares. |
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| (2046293) | |
Re: The economy is dead |
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Posted by Alm on Mon Oct 5 14:19:05 2026, in response to The economy is dead, posted by Peter Rosa on Mon Oct 5 09:05:36 2026. It’s a terrible story, but good stories don’t get posted on Reddit. |
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| (2046296) | |
Re: The economy is dead |
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Posted by Orange Blossom Special on Mon Oct 5 15:04:32 2026, in response to The economy is dead, posted by Peter Rosa on Mon Oct 5 09:05:36 2026. how many of them are women? |
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| (2046299) | |
Re: The economy is dead |
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Posted by Peter Rosa on Mon Oct 5 15:32:34 2026, in response to Re: The economy is dead, posted by Catfish 44 on Mon Oct 5 13:29:28 2026. I assume you’re independently wealthy and don’t have to worry about the economy? |
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| (2046301) | |
Re: The economy is dead |
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Posted by Spider-Pig on Mon Oct 5 15:57:48 2026, in response to Re: The economy is dead, posted by Peter Rosa on Mon Oct 5 15:32:34 2026. What horseshit. Your post doesn’t say anything about the state of the economy. |
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| (2046302) | |
Re: The economy is dead |
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Posted by Spider-Pig on Mon Oct 5 16:29:04 2026, in response to The economy is dead, posted by Peter Rosa on Mon Oct 5 09:05:36 2026. I did all the "right" things: stopped interviewing elsewhere, turned down two other active processes, started looking at apartments in that city.How the fuck is that the "right" thing? Stopped interviewing elsewhere? No wonder they didn't hire him, they realized he was an idiot. |
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| (2046303) | |
Re: The economy is dead? |
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Posted by Spider-Pig on Mon Oct 5 16:29:35 2026, in response to Re: The economy is dead?, posted by Olog-hai on Mon Oct 5 13:20:39 2026. IAWTLOL |
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| (2046304) | |
Re: The economy is dead |
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Posted by Mitch45 on Mon Oct 5 16:56:05 2026, in response to Re: The economy is dead, posted by Peter Rosa on Mon Oct 5 12:40:10 2026. Yep. And the worst part was because I was late in repaying my school loans, the banks capitalized the interest and by the time I starting paying the loans in September of 1991, I owed almost $5,000 more than I would have had I started paying on time.35 years have passed and that story still bothers me. |
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| (2046305) | |
Re: The economy is dead |
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Posted by Mitch45 on Mon Oct 5 16:58:07 2026, in response to Re: The economy is dead, posted by cortelyounext on Mon Oct 5 11:29:19 2026. Bureaucracy. I did consult an employment attorney who told me I might be able to sue the City for breach of agreement and force them to give me a start date but he advised against it because of the cost of the suit and the endless delays that the City could create. |
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| (2046309) | |
Re: The economy is dead? |
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Posted by Olog-hai on Mon Oct 5 17:09:08 2026, in response to Re: The economy is dead, posted by Mitch45 on Mon Oct 5 11:22:52 2026. I applied for an attorney's position with the NYC Law Department Family Law DivisionWhy? |
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| (2046310) | |
Re: The economy is dead? |
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Posted by Olog-hai on Mon Oct 5 17:11:22 2026, in response to Re: The economy is dead, posted by Peter Rosa on Mon Oct 5 15:32:34 2026. LOL, being independently wealthy does not liberate one from worries about the economy.But your OP was not about the economy. |
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| (2046311) | |
Re: The economy is dead? |
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Posted by Olog-hai on Mon Oct 5 17:11:50 2026, in response to Re: The economy is dead, posted by Spider-Pig on Mon Oct 5 15:57:48 2026. IAWTP |
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| (2046318) | |
Re: The economy is dead |
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Posted by Orange Blossom Special on Mon Oct 5 18:02:22 2026, in response to Re: The economy is dead, posted by Mitch45 on Mon Oct 5 11:22:52 2026. How come I have more than a half a dozen stories just like this?Even those when I was in school......university switched to a new computer system. No ones loans were disbursed for almost 4 months. Lines around the block for months to see the status. No one ever offered the information that they would've given you a short term bridge loan until it was mentioned....after it was finally fixed next semester. That's just one story. |
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| (2046320) | |
Re: The economy is dead? |
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Posted by AlM on Mon Oct 5 18:58:32 2026, in response to Re: The economy is dead?, posted by Spider-Pig on Mon Oct 5 16:29:35 2026. Why?Lots of bullshit there, but then again consider OTChat. |
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| (2046321) | |
Re: The economy is dead |
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Posted by Peter Rosa on Mon Oct 5 19:03:45 2026, in response to Re: The economy is dead, posted by Spider-Pig on Mon Oct 5 16:29:04 2026. The poster had gotten a written offer with a firm start date. Withdrawing from other jobs for which they’d been interviewing was totally reasonable.At least the poster didn’t quit an existing job (the reference to a resume gap makes it appear they’d been out of work). |
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| (2046322) | |
Re: The economy is dead |
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Posted by Peter Rosa on Mon Oct 5 19:08:28 2026, in response to Re: The economy is dead, posted by Spider-Pig on Mon Oct 5 15:57:48 2026. Nonsense like this would never happen in a strong economy. The CEO rejected this excellent candidate in the hopes that the company would get someone absolutely 101% perfect, and in an economy in which jobs get hundreds or thousands of absolutely perfectly qualified candidates that actually happens.Not to mention that requiring SEVEN rounds of interviews is beyond insane. |
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Re: The economy is dead |
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Posted by Orange Blossom Special on Mon Oct 5 19:14:40 2026, in response to Re: The economy is dead, posted by Peter Rosa on Mon Oct 5 19:08:28 2026. The corporate family is a found family.Found families are more important than biological families. Corporate culture requires careful dating to see if you are "the one". Except when diversity is involved. Then n/m. |
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| (2046325) | |
Re: The economy is dead |
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Posted by Easy on Mon Oct 5 20:30:23 2026, in response to Re: The economy is dead, posted by Spider-Pig on Mon Oct 5 16:29:04 2026. You would keep interviewing after getting a written job offer for a job that you wanted?I'm lucky (and dumb) that I don't have much job searching experience so I don't really know how it works. I've only had three jobs since college and I've only applied for two jobs since my first. Now I'm near retirement so i possibly will never apply for another job. |
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| (2046327) | |
Re: The economy is dead |
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Posted by Spider-Pig on Mon Oct 5 20:51:39 2026, in response to Re: The economy is dead, posted by Peter Rosa on Mon Oct 5 19:03:45 2026. I have on three separate occasions gotten two simultaneous job offers and was forced to decline one. |
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| (2046328) | |
Re: The economy is dead? |
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Posted by Spider-Pig on Mon Oct 5 20:53:05 2026, in response to Re: The economy is dead?, posted by AlM on Mon Oct 5 18:58:32 2026. OTChat is the best source of human knowledge; it is the Library of Alexandria of our time. We need to train an AI on it: OTChatGPT. |
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| (2046329) | |
Re: The economy is dead |
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Posted by Spider-Pig on Mon Oct 5 20:53:39 2026, in response to Re: The economy is dead, posted by Mitch45 on Mon Oct 5 16:56:05 2026. So they didn’t have IBR back then? Sucks. |
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| (2046331) | |
Re: The economy is dead |
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Posted by Spider-Pig on Mon Oct 5 20:58:15 2026, in response to Re: The economy is dead, posted by Peter Rosa on Mon Oct 5 19:08:28 2026. If the candidate were actually excellent, he wouldn’t have been rejected. |
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| (2046333) | |
Re: The economy is dead |
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Posted by Orange Blossom Special on Mon Oct 5 23:17:32 2026, in response to Re: The economy is dead, posted by Easy on Mon Oct 5 20:30:23 2026. Good man.I cannot say the same, but I can say that I never look for a job while I have a job. I don't know how people job hop for raises and promotions, it's too much of a pia to apply to anything. |
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| (2046335) | |
Re: The economy is NOT NEARLY dead |
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Posted by TRAIN DUDE on Tue Oct 6 00:45:35 2026, in response to The economy is dead, posted by Peter Rosa on Mon Oct 5 09:05:36 2026. Without reading the op, let me say that as of today, i have 2 projects already booked with a 3rd waiting for an estimate. With the approval of the 3rd estimste, i should be fully committed for the next 10 months. Considering that my product is more a luxury than a necessity, the economy is thriving. |
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| (2046338) | |
Re: The economy is NOT NEARLY dead |
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Posted by Peter Rosa on Tue Oct 6 10:45:01 2026, in response to Re: The economy is NOT NEARLY dead, posted by TRAIN DUDE on Tue Oct 6 00:45:35 2026. If you're a $200,000/year software engineer, and you've been out of work since AI stole your job 18 months ago, and have applied to hundreds of jobs with zero success, the fact that there are many jobs for burger flippers, home health aides and gig delivery drivers doesn't help you in the least |
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| (2046341) | |
Re: The economy is dead |
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Posted by Mitch45 on Tue Oct 6 10:51:44 2026, in response to Re: The economy is dead, posted by Spider-Pig on Mon Oct 5 20:53:39 2026. IBR began in 2009, LOL. In 1991, the internet was in its infancy. We paid bills by mail, stamps and all. |
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| (2046342) | |
Re: The economy is dead |
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Posted by Spider-Pig on Tue Oct 6 11:19:49 2026, in response to Re: The economy is dead, posted by Mitch45 on Tue Oct 6 10:51:44 2026. Thanks for the info, but there being no internet doesn't imply the absence of IBR. |
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| (2046343) | |
Re: The economy is NOT NEARLY dead |
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Posted by Spider-Pig on Tue Oct 6 11:20:26 2026, in response to Re: The economy is NOT NEARLY dead, posted by Peter Rosa on Tue Oct 6 10:45:01 2026. The fact that one particular industry is having problems doesn't imply the entire economy is shot. |
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| (2046345) | |
Re: The economy is NOT NEARLY dead |
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Posted by TRAIN DUDE on Tue Oct 6 11:22:12 2026, in response to Re: The economy is NOT NEARLY dead, posted by Peter Rosa on Tue Oct 6 10:45:01 2026. And if your grand-motger had roller skates she'd be in the roller derby. Meaning "IF" is a huge word. What i am saying is that there are large numbers of people who are doing exceedingly well in this economy with lots of disposable cash, despite what the media would have you believe. |
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| (2046346) | |
Re: The economy is dead |
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Posted by Mitch45 on Tue Oct 6 11:27:30 2026, in response to Re: The economy is dead, posted by Spider-Pig on Tue Oct 6 11:19:49 2026. Well, there was no IBR. You signed a contract and the terms were fixed. |
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| (2046348) | |
Re: The economy is NOT NEARLY dead |
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Posted by Orange Blossom Special on Tue Oct 6 11:36:24 2026, in response to Re: The economy is NOT NEARLY dead, posted by Peter Rosa on Tue Oct 6 10:45:01 2026. the fact that there are many jobs for burger flippers,You will never even get an interview for this job. home health aides You need a certificate in this don't you? and gig delivery drivers doesn't help you in the least You will never get this job, it is for undocumented immigrants. |
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| (2046352) | |
Re: The economy is dead |
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Posted by AlM on Tue Oct 6 13:38:42 2026, in response to Re: The economy is dead, posted by Spider-Pig on Mon Oct 5 20:58:15 2026. Huh?It's not as though the hiring process is always of high quality? |
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| (2046353) | |
Re: The economy is dead? |
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Posted by AlM on Tue Oct 6 13:39:44 2026, in response to Re: The economy is dead?, posted by Spider-Pig on Mon Oct 5 20:53:05 2026. Have you been hanging around our fearless leader a bit too much? |
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| (2046362) | |
Re: The economy is NOT NEARLY dead |
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Posted by Fisk Ave Jim on Tue Oct 6 15:30:43 2026, in response to Re: The economy is NOT NEARLY dead, posted by TRAIN DUDE on Tue Oct 6 11:22:12 2026. Yep. Like People in the trades. Plumbers, carpenters, electricians etc. are pulling down between 100 & 200k a year while many college grads are still living in their mothers basement trying to figure out how to pay off their college debt. |
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| (2046364) | |
Re: The economy is NOT NEARLY dead |
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Posted by Spider-Pig on Tue Oct 6 15:43:12 2026, in response to Re: The economy is NOT NEARLY dead, posted by Fisk Ave Jim on Tue Oct 6 15:30:43 2026. This isn't true. You're cherry picking from the top of the field.Median means that half earn less Plumber: $68,972. Carpenter: $62,659. Electrician: $68,765. |
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Re: The economy is NOT NEARLY dead |
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Posted by Fisk Ave Jim on Tue Oct 6 16:41:46 2026, in response to Re: The economy is NOT NEARLY dead, posted by Spider-Pig on Tue Oct 6 15:43:12 2026. Depends where you live and what collective bargaining agreement is in effect. Trades folk with seniority living on Long Island for example can easily pull down at least 100K. I forgot about Ironworkers. They can make $150K easily with great benefits. |
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Re: The economy is NOT NEARLY dead |
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Posted by AlM on Tue Oct 6 17:36:33 2026, in response to Re: The economy is NOT NEARLY dead, posted by Fisk Ave Jim on Tue Oct 6 16:41:46 2026. Non-union trades outside of the northeast, the west coast, and maybe Chicago and a few select other areas make far less. |
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| (2046376) | |
Re: The economy is NOT NEARLY dead |
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Posted by Fisk Ave Jim on Tue Oct 6 18:17:24 2026, in response to Re: The economy is NOT NEARLY dead, posted by AlM on Tue Oct 6 17:36:33 2026. If you got a strong union with membership that live in a high cost of living area (like the northeast), you get the big $$$. |
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Re: The economy is NOT NEARLY dead |
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Posted by BILLBKLYN on Tue Oct 6 19:24:04 2026, in response to Re: The economy is NOT NEARLY dead, posted by Fisk Ave Jim on Tue Oct 6 15:30:43 2026. Ah yes indeed! |
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Re: The economy is dead |
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Posted by Alm on Wed Oct 7 12:19:42 2026, in response to The economy is dead, posted by Peter Rosa on Mon Oct 5 09:05:36 2026. It’s a terrible story, but good stories don’t get posted on Reddit. |
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| (2046413) | |
Re: The economy is dead |
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Posted by Peter Rosa on Wed Oct 7 13:05:17 2026, in response to Re: The economy is dead, posted by Alm on Wed Oct 7 12:19:42 2026. It’s certainly true that Reddit has more than enough job hunt horror stories, on r/jobs and especially on r/recruitinghell (which has a caption about suicide prevention resources). Even so, I am certain that this particular story would never have happened a few years ago when the economy was thriving. Especially the part about SEVEN interview rounds. That’s insane. |
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