> The field of software engineering is so fungible 20% of employees losing their job is nearly meaningless in the current job market because you can throw and r

> The field of software engineering is so fungible 20% of employees losing their job is nearly meaningless in the current job market because you can throw and rock and find another seat to warm the next day. It's not like Ford closing a factory. ... In the US. This feels like those addenda where medical trials keep on showing some clinical effect and people in the comments have to add, some clinical effect... in mice. The US software landscape is shaped by a unique VC landscape that has not been reproduced anywhere else in the world. If you have lived through the dot com bubble or the 2008 sub-prime crisis you will also be aware that funding can dry up as quickly as it is thrown at you. At the moment at least in Europe I still see a hot market for contracting roles but for permanent roles it is in no way what you describe of 'find another warm seat the next day'.