Dear subscribers,

We’re entering the worst job market for tech since the early 2000s. Over 100,000 employees have been laid off from tech companies this year.

If you’re looking for a job, then this post is for you.

I don’t have all the answers, but here’s a collection of advice and resources for landing a great job in these tough times:

1. Get your mind right

2. Make a career plan

3. Network, network, network

4. Get interview ready

5. Celebrate small wins

👋 Are you an early career PM or someone who wants to transition to product? I’m planning to teach a live PM course just for you in the New Year.

The course will focus on:

1. How to transition to PM, land a great job, and ace your interviews

2. How PMs at leading companies like Amazon and Meta build products

3. How to excel at strategy, execution, and communication

I’ve coached 100s of PMs and have 10+ years of experience working at leading tech companies. You’ll also get my best strategy, PRD, career, and interview templates. Seats are limited so fill out the form below if you’re interested:

I'm interested in the course

1. Get your mind right

Process your emotions

If you’ve been laid off, it’s okay to feel anger, fear, and resentment. But remember that:

You are not your job.

It’s not your fault that companies overhired. Be proud of the:

1. Things that you’ve accomplished.

2. Relationships that you’ve built.

3. Skills that you’ve developed.

None of the above can be taken away from you.

Find support groups

Find people who are willing to listen. Share the news with your loved ones, friends, and ex-employees.

You don’t have to face this challenge alone.

Know your runway

How long can you go without a job?

If you’re on an H-1B visa, you only have 60 days to find another sponsor. Consider switching to another visa to stay in the country longer.

Otherwise, understand how many months of savings you have left. If you still have a good runway, you may have more time to find the right opportunity.

2. Make a career plan

Look back and forward

Start a doc and write down the following:

1. Looking back, what’s your zone of genius? What are you great at and love doing so much that time flies by? Be careful settling for things that you’re good at but hate doing. Here’s a thread about identifying your zones:

   

   Peter Yang @petergyang

   Loved @lennysan's interview with @mattmochary on finding your zone of genius. I think everyone should go through this exercise at least once. Here's how to find each zone: 1. Zone of incompetence 2. Zone of competence 3. Zone of excellence 4. Zone of genius 🧵

   6:18 PM ∙ Nov 11, 2022

   ---

   120Likes19Retweets

2. Looking forward, where do you want to be in a few years? Define a specific, long-term goal that ties back to your zone of genius. For example, I’d like to think that my zone of genius is “crisp writing” so one of my goals is to “grow this newsletter to 100,000 subscribers by 2025.”

Make a list of companies

Make a list of companies that fit your long-term goal.

FAANG is under a hiring freeze but many smaller companies are still hiring. Given the recession, I recommend that you try to find a company that has the following:

1. Product market fit

2. A growing and sustainable business

3. Mission and values that resonate with you

But how do you find these companies and job opportunities? The trick is to…

3. Network, network, network

To state the obvious:

Getting a warm lead through your network is 10x as effective as applying online.

This is especially true in this recession where every job will have hundreds of applications. Here’s how you can network:

Make a public post

If you’ve been laid off, post publicly on LinkedIn, Twitter, and other social media about what you’re looking for next.

People need to know your situation to help.

Reconnect with your network

Reconnect with your old managers, coworkers, and friends. Ask them if they know anyone hiring for roles you may be a fit for.

Your goal is to connect to a hiring manager at a company you’re interested in.

Reach out to strangers

You’ll be surprised at how many strangers are willing to help in this economy. Here are some tactical tips:

1. Find people who work at your target companies. Search on LinkedIn and cold DM or email people who may be hiring managers.

2. Build a relationship even if they’re not hiring. Reach out to people at interesting companies even if the company has no open roles. Try to build a relationship so that you’ll be first in mind whenever a role opens up.

3. Be crisp in your cold outreach. I get a lot of lazy messages like:

   To drastically improve your response rate, briefly explain your credentials, provide value, and have a low-effort CTA. Here’s a hypothetical cold email:

4. Follow up. Be persistent and you’ll often get a response. I typically follow up at least 3x before I give up on a cold outreach.
   

Look in non-traditional places

Here are a few great places to look for a job:

1. Crowdsourced job listings. Examples include PM, design, and eng jobs curated by Shreyas Doshi and friends and a list of companies hiring curated by impacted Meta employees.

2. Talent collectives. Make a profile for free and let companies find you.

   1. Lenny Rachitsky, and his Pallet for Product managers

   2. Will Lawrence, and his Pallet for PMs

   3. Gergely Orosz and his Pallet for Engineers

   4. Ali Rohde, and her chief of staff, biz ops, and VC jobs newsletter

3. VC job listings. Look on VC websites (e.g., Sequoia) or search for companies that recently raised money. Reach out to investors - they’re motivated to help their portfolio companies find good candidates.

4. Get interview ready

The old saying goes:

Success is when opportunity meets preparation.

Start getting interview ready now even if you don’t have one lined up yet.

1. Prepare your resume and interview answers. Write concise answers to common behavioral questions (e.g., achievement, conflict, failure). If you’re a PM, start building your frameworks for product sense, goals, and other case questions.

2. Practice with others. Great PM interview resources include Exponent and Lewis Lin’s PM interview community.

3. Get help from strangers online. Due to the economy, many experienced PMs and tech workers are willing to help strangers with resume and interview prep. You can find many posts offering help on LinkedIn.

5. Celebrate small wins

I spoke to Canadian astronaut (and my personal hero) Chris Hadfield last year and his advice should resonate with anyone who’s looking for a job:

Peter Yang @petergyang

5/ Celebrate your personal victories “If you think that only your biggest moments count, then you're setting yourself up to feel like a failure most of the time. Choose to appreciate the smallest scraps of experience. Your life is the sum total of the little things."

5:08 PM ∙ Oct 21, 2022

You’ll likely face a lot of rejection job hunting in this economy. If you wait until you land a job to feel happy, it might be a while.

Instead, celebrate the small wins.

Give yourself permission to feel good when you reconnect with an old co-worker, learn from a practice interview, or send a cold email. Make progress and celebrate success on non-job related projects that you have full control over (e.g., getting fit). Appreciate the silver lining such as spending more time with your family.

To close, I’ll say this again:

You are not your job.

While work is an important part of our identity, we are so much more. We are good spouses, good parents, and (yes) even good shitposters.

If you’re looking for a job, I wish you the best of luck.

Here is a list of resources from this post:

1. General advice: Useful resources in uncertain times, H-1B advice

2. Job boards: Curated by Shreyas and Meta employees

3. Pallet talent networks: Lenny (PM), Will (PM), Greg (eng)

4. Interview prep: Exponent

Last but not least, sign up for my course if you are a new or aspiring PM:

I'm interested in the course