alt Hacker NewsAny individual layoff is truly awful.
But at the macro level, it is not really a big number so far. From ~2.48 million in 2023 to ~2.37million now. Or a 5% drop in employment in 3 years.
Fred: All Employees, Computer Systems Design and Related Services (CES6054150001)
Replies
pesus • today at 3:05 AM
You'll need to compare how many job postings there are as well to get the full picture, especially for junior roles. That's one of the most contentious effects and has an outsized impact on society.
rcpt • today at 2:57 AM
Not much layoffs and they're probably due to the Trump #1 tax hikes on engineering anyway. But you can't say that without getting tariffed. Saying you're using AI is a much safer bet
Interesting stats to look at.
Is "Telecommunications" the only tech that's actually been steadily automating it's workforce since 2000:
https://fred.stlouisfed.org/series/CES5051700001
edit: or is "Telecommunications" the old school landlines and such, and this is just the effect of the Internet