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[–] 15 points 8 months ago* (last edited 8 months ago) (2 children)

Yep, this shows clearly how much tech overhired during and after COVID.

This is a correction.

Thousands and thousands of people went into tech because it was so “profitable.” This kind of hype happens every ten years or so and there’s always a correction.

The last one I remember was the coding bootcamp surge, which filled the industry with mediocre people looking for good-paying jobs. These booms and busts been happening my entire career!

Also, love to see people downvoting right away. Poor baby, did you go into tech at the wrong time?

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  • [–] 6 points 8 months ago (1 child)

    Based on your experience, when will we get back to normal?

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  • [–] 6 points 8 months ago

    The recovery recently for certain jobs makes me a little optimistic.

    The slight recovery of “Software Publishers” and “Custom Computer Programming Services” is a good sign to me. The continued decline specifically of “Computer Systems Design” makes some sense too. They hired like crazy for that role, and unlike the programming or publishing roles, I think “systems design” is a more difficult position to hire well. It seems like a bad sign to me that so much of the over-hiring was for that role. Just hiring to hire. So that one might struggle for a long time but the Publisher and Programmer jobs will recover sooner.

    I think a lot of companies jumped on the AI trend as an excuse to let go of people (and improve their short-term bottom line). Inevitably, they’ll need to hire again.

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