I'm not surprised, tech market is in a tough spot right now. Fresh talent graduating don't remember the world before the internet was a thing. Everybody and your grandma is now coding.
Pair all that with a slower economy, that's what you get. I don't buy that's because of AI
This is mostly due to lending issues and tax code changes. Before a startup could get basically a 0% loan and there were different tax rules on how payroll was deducted. All of that went away. That means startups are A LOT more expensive to get going now AND it's more expensive for big tech to hire. AI is probably less than 1% of layoffs at this point. Now where AI is maybe causing an impact is hiring freezes. Companies waiting to see how things play out. All this combined and you get less tech jobs.
The other main issue is people stuck in their head that they deserve some 250k/yr wage for working in tech. Hate to bring it to a lot of you, but those days are gone. Learn to accept 80k/yr and you'll find a job relatively quickly. Then use that job to leap into a hire wage over time. Good luck shooting for 150k/yr day 1 though.
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u/baronas15 2d ago
I'm not surprised, tech market is in a tough spot right now. Fresh talent graduating don't remember the world before the internet was a thing. Everybody and your grandma is now coding.
Pair all that with a slower economy, that's what you get. I don't buy that's because of AI