Our observations so far:
1. Hiring in tech has definitely not gone to zero, even for the junior-level roles we skew towards.
2. We're seeing more like a 60-70% drop in hires compared to our original (pre-COVID) projections for the month of March, so far.
3. Companies least affected seem to fall in two major categories: A) BigCos with deep pockets; and B) SaaS businesses with predictable revenue streams and some degree of economic insulation from the "meatspace" economy.
Many software businesses (e.g., Zapier, GitLab) are already run partly or fully remotely, so their hiring workflows can take quarantine in stride, to an extent. Many others (e.g., Stripe) are quickly adapting to these new constraints.
The effects of a global quarantine and pandemic are almost certain to propagate to all companies eventually. But some are less affected than others, economically and operationally. We're fortunate in tech that it's still quite possible - albeit measurably harder - to get hired under current conditions.