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☆ Tech interviewers can't tell when candidates use ChatGPT to cheat in coding rounds, experiment finds
▼ + stars: | 2024-02-21 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

One possibility is the coding rounds of the typical tech job interview, where candidates are prompted by interviewers to solve technical problems. So, job candidates can easily use something like ChatGPT to effectively cheat their way to fast solutions, according to a recent experiment conducted by interviewing.io, a popular platform for mock tech interviews and industry recruiting. When coding problems were taken verbatim from LeetCode, job candidates using ChatGPT solved correctly 73% of the time, interviewing.io found. That’s far worse than how tech job candidates fare on their own. Relying on their own abilities, interviewing.io found that job candidates passed coding rounds of interviews 53% of the time.

Persons: interviewing.io, Aline Lerner, ” Lerner, ChatGPT, Lener, Lerner, it’ll, Kali Hays Organizations: Google, Microsoft Locations: ChatGPT, khays@insider.com

☆ The cushy Big Tech job is dead
▼ + stars: | 2024-02-16 | by ( Kali Hays | ) www.businessinsider.com time to read: +10 min

Hopping from one mid-six-figure salary job in Big Tech to the next? More tech workers get laid offOver the last 18 months, tech workers say it's felt difficult to stay employed as round after round of layoffs have swept Big Tech and the broader industry. The tech job market got tougherTo add insult to injury, keeping a job in tech isn’t the only thing that’s more difficult. Aline Lerner, a former tech engineer and founder of interviewing.io, a site for tech recruiting and mock interviewing for tech job seekers, said it's now much more difficult to land a tech job, particularly at a high-profile or Big Tech company. “Anecdotally, I’d say it’s the hardest it’s been to get a tech job since probably the dot-com bust," Lerner said.

Persons: I’ve, gainfully, Hacker, it's, Layoffs.fyi, Elon Musk, nix, Meta, Elon Musk's, Winni, you’re, they're, Aline Lerner, ” Lerner, “, Lerner, it’s, ” Organizations: Federal Reserve, Business, Big Tech, Tech, Google, Microsoft, ” Tech, Twitter, Menlo, Elon, The Washington Post, Getty Images Tech, “, Department of Education Locations: Big, LeetCode

☆ Big Tech workers come to grips with 'ZIRP,' as job anxiety grips a once cushy industry
▼ + stars: | 2024-02-16 | by ( Kali Hays | ) www.businessinsider.com time to read: +10 min

“Honestly, sometimes lately, I’ve thought my entire career is a ZIRP,” a tech worker recently reflected. More tech workers get laid offOver the last 18 months, tech workers say it's felt difficult to stay employed as round after round of layoffs have swept Big Tech and the broader industry. The tech job market got tougherTo add insult to injury, keeping a job in tech isn’t the only thing that’s more difficult. Aline Lerner, a former tech engineer and founder of interviewing.io, a site for tech recruiting and mock interviewing for tech job seekers, said it's now much more difficult to land a tech job, particularly at a high-profile or Big Tech company. “Anecdotally, I’d say it’s the hardest it’s been to get a tech job since probably the dot-com bust," Lerner said.

☆ Soaring Treasury yields threaten long-term performance of US stocks
▼ + stars: | 2023-10-26 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

This year’s climb in Treasury yields is changing that calculus, as government bonds offer income that is viewed as risk-free to investors who hold them to term. The 10-year Treasury yield has climbed about a full percentage point since then. The term premium is the added compensation investors expect for owning longer-term debt and is measured using financial models. Stocks have averaged a forward price-to-earnings ratio of 17.8 over the last 10 years, while the term premium has averaged -0.3%. That compares with a historical average forward P/E of 15.6 and a term premium of 1.4% since 1985.

Persons: Brendan McDermid, ”, Quincy Krosby, Elon Musk, John Lynch, Lynch, LSEG, Matthew Miskin, Keith Lerner, ” Lerner, Lewis Krauskopf, Dan Burns, Ira Iosebashvili, Marguerita Choy Organizations: New York Stock Exchange, REUTERS, Soaring U.S, Treasury, U.S . Federal Reserve, . Treasury, BofA Global Research, LPL, Comerica Wealth Management, Reuters Graphics, John Hancock Investment Management, UBS Global Wealth Management, Advisory, Thomson Locations: New York City, U.S

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