alt Hacker Newswell same like covid right??? digital/tech company overhiring because everyone is home and at the same time the rise of AI reduce the number of headcount
covid overhiring + AI usage = massive layoff we ever see in decades
well same like covid right??? digital/tech company overhiring because everyone is home and at the same time the rise of AI reduce the number of headcount
covid overhiring + AI usage = massive layoff we ever see in decades
It was nothing like covid. The dot com crash lasted years where tech was a dead sector. Equity valuations kept declining year after year. People couldn't find jobs in tech at all.
There are still plenty of tech jobs these days, just less than there were during covid, but tech itself is still in a massive expansionary cycle. We'll see how the AI bubble lasts, and what the fallout of it bursting will be.
The key point is that the going is still exceptionally good. The posts talking about experienced programmers having to flip burgers in the early 2000s is not an exaggeration.