We are there. I’ve got fuck you money in the bank. I’m just kicking back waiting for the company to fail. It’s free money until then. Make up some shit and go back to doing other stuff.
They have lost money for the last two quarters, customer satisfaction is at an all time low, staff morale is gone, defects are piled up, costs are escalating on tokens and cloud, nothing is getting done but everyone thinks it is.
Let it burn.
We need a total reset. The entire market is overblown, overhyped and sells things nobody needs. Layers and layers of stupid to get nothing done. It’s an extraction economy. I’ve seen people replace simple stuff like a spreadsheet with a cloud hosted vibe coded turd. What the fuck is wrong with people?!? Have we collectively forgotten simple and elegant solutions?
The world is still massively under-digitized, even after decades of it being mainstream.
So there will always be value to be made and markets to serve.
I agree. There is a lot of accumulated bloat and a lot of newly accreted bloat from the tools built to accelerate on the recent trends.
It seems to me that a big bust is about to follow the 15 year boom that started out as "web 2.0" and saw the rise of web app framework, "front end" development, "x as a service", start ups "pivoting" to software tooling creating bloat to tackle problems created by bloat etc.
A lot of jobs will be removed from the tech industry, I think. But the work in software development will be more interesting 5/10 years from now than it is now. Paid more in line with the rest of the economy and thus not attracting so many uninterested actors, and more aligned with market demand instead of driven by a labor oligopsony, held more to account once regulation catches up with technology etc. I think we might actually get "software engineering" after this.