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Are global markets really weakening? I thought they were recovering.

• kfk 4y ago
  Salaries doubled in 3 years for certain IT professions pushed by the Covid online spike I assume. In my company we were hiring and we kept getting candidates with less and less experience asking for more and more money. IT salaries went up faster than inflation, at least in some European countries. I think now these layoffs are necessary for companies to bring average cost of IT employees back to normal. I did not go along with the demanding salary expectations, I lost business revenue because of it due to lack of people, but now I don't have to do any correction. Basically, we are all adults in the end, employers and employees, I think everybody knew the tech salary situation was not sustainable and some kept pushing up, some stayed more conservative.