I'm in NYC which I think has similar demographics to SF in this regard; I found my job in August of last year, after about five months of searching, and I found it because a friend of mine referred me. It's a good job, and I like it, I'm grateful for that friend.

Regardless, it's not like that was the only job I applied to. I had a policy of applying to at least ten jobs a day, so I applied to about ~1500 jobs, and literally all of them rejected me except for the one I have right now. I had about twenty other interviews (edit: 15, checked my calendar from last year), a few that got to late stages, and they didn't pan out [1].

I psychotically save money so I wasn't worried in any kind of existential sense, I could survive for years if I needed, but man I would have killed to be in a situation where I even had the opportunity to bail on an offer.

This has been the worst economy for software engineers I've seen in my ~15 year career. I am slightly optimistic that it will improve eventually but I suspect "eventually" might mean several more years.

[1] And one at a one of the world's largest bank (that my lawyer/mom has advised me not to name publicly) where my interviewers were potentially the most incompetent people I have ever talked to and who didn't seem to know what an atomic was in Java, and "corrected" my counter code with a mutex. And I put "corrected" in quotes, because what they corrected it to would deadlock. Morons.

The trick to applying these days is to have a contact on the inside that can tell you what the hiring manager is actually looking for, vs what's in the public JD, and then to refer you.

That doesn't scale to 10 jobs/day for very long because almost nobody has a network that big. If you don't land something through referral to the hiring manager, it's mostly a crap shoot these days.

I'm a senior in NYC, considering changing jobs but haven't pulled the trigger. I've got a good amount of reachouts from finance recruiters and small-to-medium sized startups but haven't heard anything from the established players (admittedly I haven't been looking).

Blink once if the bank rhymed with face