I am an engineer too. I've helped hire engineers at two pretty big companies before and have done all the hiring for my current company.
While the supply has increased, the number of senior engineers hasn't grown at the same pace. I know of companies who've fired even their senior engineers, but they've been hit particularly hard by this crisis (think 'business model is literally rendered invalid' level of affected). Most people who think they'll be able to weather at least the next six months will be reluctant to fire more experienced engineers, because they know how hard it was to hire them to begin with.
While some of the options might be gone, chances are people who get laid off or are still in the market will look for companies with better chances of surviving this (think Google, Apple, Facebook, etc.), so the pool of experienced talent might actually be reduced for startups.
In other words: people with 5 years of industry experience are playing in a completely different arena than more junior engineers, who are unfortunately in a more precarious situation.
>In other words: people with 5 years of industry experience are playing in a completely different arena than more junior engineers, who are unfortunately in a more precarious situation.
The logic is sound, you have a point. But I think it doesn't play out this way in reality. Maybe it's like this for your current company, but is that the general trend?
I know that during the dot com bubble bursting many years ago what you said was not the case. Could be different now but do you have any other supporting evidence?
While the supply has increased, the number of senior engineers hasn't grown at the same pace. I know of companies who've fired even their senior engineers, but they've been hit particularly hard by this crisis (think 'business model is literally rendered invalid' level of affected). Most people who think they'll be able to weather at least the next six months will be reluctant to fire more experienced engineers, because they know how hard it was to hire them to begin with.
While some of the options might be gone, chances are people who get laid off or are still in the market will look for companies with better chances of surviving this (think Google, Apple, Facebook, etc.), so the pool of experienced talent might actually be reduced for startups.
In other words: people with 5 years of industry experience are playing in a completely different arena than more junior engineers, who are unfortunately in a more precarious situation.