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Reacting to the Phoenix Keynote (video)
I summarized my thoughts on the ElixirConf Phoenix Keynote.

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Is the market cooling?

I'm fundamentally optimistic apparently.

When peers in the consulting and freelancing space worry about the market I typically shrug and get on with it. That has been the case for 3+ years now. Some people worry, I don't really.

Right now I'm starting to see enough negative signal to actually grow a bit concerned. I'm not concerned about my ability to get work, for me. I think I have enough going for me to at the very worst find employment. And the client that employs my team hasn't done any cuts or signaled any concern of that sort. They've mentioned that the market is cooling a bit in the business where they make money but nothing too serious.

But I've also heard from a number of developers that are looking for work due to companies cutting back right now. I've heard other consultancies lose work. I think companies are, probably reasonably, exercising some restraint and reigning in the spend. Startups are trying to ride runways for a longer period of time, larger companies are trying to control costs.

The market isn't dead. I also see companies hiring, I have two recruitment contracts coming up. Overall I see them hiring carefully though. Mostly seniors, which isn't unusual, but is bothersome and limiting if everyone does it.

If enough companies do this there will be a crunch as work becomes more contested, money harder to get, roles only posted for the highly qualified.

I'm not all that worried still but I try to be mindful of what I see and overall I see less investment. Less willingness to spend. The market definitely isn't soaring and as an enthusiastic and optimistic person that always wants to make things happen I might need to prepare myself for a bit of an uphill struggle in that regard. Fewer things will be allowed to happen in a colder business climate.

If this also cleans up some of the madness in the startup space with regards to valuations and whatnot it may also be about time. Unfortunately I think there may be more significant costs outside of the major bubbles.

What signals have you seen? Good? Bad?

Let me know your thoughts at lars@underjord.io or on Twitter via @lawik.

Thanks for reading. I appreciate it.