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giobox 4 hours ago

Anecdotally, it feels like something materially changed in the US software hiring market at the start of this year to me. It feels like more and more businesses are taking a wait and see approach to avoid over-investing in human capital in the next few years.

It also feels like the hiring "signal", which was always weak before, is just completely gone now, when every job you do advertise receives over 500 LLM written applications and cover letters that all look and feel the same.

The pro-athlete comparison in this article is bit silly IMO- there are obvious physical body issues that occur with aging if you rely on your muscles etc to make money. If you compare to other fields of knowledge work, such as say law or medicine, there are loads of examples of very experienced, very sharp operators in their 40s and 50s.

4 hours ago | parent | next [-]
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jayd16 4 hours ago | parent | prev | next [-]

Honestly, AI doesn't feel like it's affecting hiring needs from the trenches. We don't have engineers sitting on their hands because AI wrote up everything the leadership could imagine.

Instead, we get an economy that feels like it's on the cusp of a fall or at the very least a roller coaster. Poor tax incentives to hire. ZIRP is long gone. And the hiring managers are overrun with slop.

But bosses are happy to say it's AI because that makes you sound in control.

mainmailman 2 hours ago | parent [-]

Thank you, it's been all but confirmed that lot of "AI layoffs" are due to reaching a workforce equilibrium from Covid era over hiring.

Saying AI for anything, good news or bad news, is a get out of jail free card for execs who want to appease shareholders.

Daishiman 3 hours ago | parent | prev | next [-]

> Anecdotally, it feels like something materially changed in the US software hiring market at the start of this year to me. It feels like more and more businesses are taking a wait and see approach to avoid over-investing in human capital in the next few years.

My guess is companies overhired in COVID and between that experience and an uncertain market they don't want to make the same mistake twice.

dominotw 3 hours ago | parent [-]

where did the excess labor force suddenly materialize in covid.

jjmarr 3 hours ago | parent | next [-]

the "learn to code" campaign began ramping up in 2013. If you started undergrad in 2016 you would've graduated right into the covid market.

https://en.wikipedia.org/wiki/Learn_to_Code#Policy_impact

I think the hype peaked around 2016 where Democrats were portrayed as out of touch for saying laid off coal miners could just "learn to code". By 2019 it was a cliché used to mock laid off journalists on Twitter.

3 hours ago | parent [-]
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francisofascii 23 minutes ago | parent | prev | next [-]

Anecdotally, our firm's Covid hires were just okay. The recent hires are better. So my hunch is the weaker CS candidates were able to get jobs back during Covid, while today, they are left out.

vineyardmike 2 hours ago | parent | prev | next [-]

2008 had ~30k CS graduates.

2015 had ~50k CS graduates.

2021 had ~100k CS graduates.

You can extrapolate the rest.

dominotw 2 hours ago | parent [-]

thats only a fraction of all the layoffs

Terr_ an hour ago | parent [-]

Someone can graduate only once--or not at all--and be laid off multiple times. :p

LPisGood 3 hours ago | parent | prev | next [-]

This is a great question that rarely gets answered. It’s partially that a ton of student students went to school for computer science because they saw how much money could be made, another fraction is people that switched into software from related fields, maybe with a boot camp or something.

shimman 3 hours ago | parent | prev [-]

It didn't. The elites never want to admit that they have failed to efficiently use capital for the last 40 years. It's always the fault of workers that should never be trusted. Just continue trusting the elites as they ruined US manufacturing jobs, surely the same institutions won't fail the workers again!

nine_zeros 4 hours ago | parent | prev [-]

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