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shagie • last Wednesday at 12:15 AM • 1 reply • view on HN

The chart with that data is https://cdn.prod.website-files.com/6516123533d9510e36f3259c/...

Starting at 2019 and saying "pre-pandemic levels" might be a bit disingenuous since that was a leap to a boom... and the bust we're seeing now.

https://www.cbre.com/insights/articles/tech-boom-interrupted

    At $113B, 2019 was the third-highest year on record for VC deal volume.
    2019 had the second-highest volume of “mega rounds” ($100M deals or greater)–mega rounds represented 44% of total annual deal volume.
    Revenue grew by an average of 12.2% in 2019 and the total revenues of the tech giants was greater than the GDP of four of the G20 nations.
Yes, tech hiring in 2025 is down from 2019. That's a lot like saying "tech hiring is down from 2000" in 2003.

Replies

griffzhowl • last Wednesday at 12:43 AM

Thanks for the context, but there hasn't been a general tech sector crash since 2019, so I don't think the 2000-03 comparison is apt.

And while 2019 might have been third-highest year for investment in 2020, according to this it's been surpassed in 2021, 2022, and 2024

https://kpmg.com/xx/en/media/press-releases/2025/01/2024-glo...

So why have graduate hires continued to decline since 2023? It seems funds have been diverted from junior hiring into AI investments.

However, as others have remarked, this might be a case of "AI is not taking your jobs, AI investment is taking your jobs"

Junior hiring might pick up again once the spending spree is over