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Do you actually think the software industry is in a recession because of ai hopes ? I think it’s more likely the boot camp type that are over saturating the ma

Do you actually think the software industry is in a recession because of ai hopes ? I think it’s more likely the boot camp type that are over saturating the market. Just supply and demand.

pedalpete 3y ago
I think it's neither. The big firms aren't getting rid of huge numbers of devs, most of the cuts are coming in HR, marketing, and administrative roles. Start-ups have less funding, so there is going to be less hiring there. We may also see less start-ups in general. I doubt the boot camps have created an over-supply. There aren't that many boot camps, and from what I understand, the majority of the graduates do not go on to become software engineers. They market based on a few successful grads, but those may be the stand-outs.
- Sparkyte 3y ago
  They haven't created a lot.
losteric 3y ago
The vast majority of "bootcamp types" just add overhead to the time/cost of finding a good hire, I doubt they meaningful contribute to any "market saturation".
Nextgrid 3y ago
I don't think it has anything to do with bootcamp grads. The VC bubble is over and the only way companies can actually survive is to build and deliver solutions that their customers pay actual money for and pay enough of it to turn a profit. Bragging about "engagement", telling (self-inflicted) war stories about your overcomplicated engineering playground at the next AWS conference, churning through the latest languages and frameworks for no pragmatic reason, or virtue-signalling about "diversity and inclusion" used to yield endless VC money which is how a lot of companies and entire careers started, but nowadays it's back to good old "deliver things someone finds valuable enough to pay for, or die trying".
- Sparkyte 3y ago
  It is indeed a cycle.
woeirua 3y ago
The end of ZIRP is what is deflating the tech bubble. With interest rates now high(er) than before you can earn a decent return just by buying bonds. There's no reason for investors to recklessly speculate on companies like Lyft or Uber or Doordash when those companies are structurally unprofitable. Throw in the failure of SVB and a couple other banks, and yeah things are going to get very tight in software for the next few years.
- Sparkyte 3y ago
  I agree with this too, when debt collectors come knocking someone has to pay the bill.
Sparkyte 3y ago
Partly it takes more than one bad element to cause things to go sideways.
JohnFen 3y ago
> Do you actually think the software industry is in a recession I don't think the software industry is in a recession.

Do you actually think the software industry is in a recession because of ai hopes ? I think it’s more likely the boot camp type that are over saturating the market. Just supply and demand.

pedalpete 3y ago

I think it's neither. The big firms aren't getting rid of huge numbers of devs, most of the cuts are coming in HR, marketing, and administrative roles. Start-ups have less funding, so there is going to be less hiring there. We may also see less start-ups in general. I doubt the boot camps have created an over-supply. There aren't that many boot camps, and from what I understand, the majority of the graduates do not go on to become software engineers. They market based on a few successful grads, but those may be the stand-outs.

Sparkyte 3y ago
They haven't created a lot.

losteric 3y ago

The vast majority of "bootcamp types" just add overhead to the time/cost of finding a good hire, I doubt they meaningful contribute to any "market saturation".

Nextgrid 3y ago

I don't think it has anything to do with bootcamp grads. The VC bubble is over and the only way companies can actually survive is to build and deliver solutions that their customers pay actual money for and pay enough of it to turn a profit. Bragging about "engagement", telling (self-inflicted) war stories about your overcomplicated engineering playground at the next AWS conference, churning through the latest languages and frameworks for no pragmatic reason, or virtue-signalling about "diversity and inclusion" used to yield endless VC money which is how a lot of companies and entire careers started, but nowadays it's back to good old "deliver things someone finds valuable enough to pay for, or die trying".

Sparkyte 3y ago
It is indeed a cycle.

woeirua 3y ago

The end of ZIRP is what is deflating the tech bubble. With interest rates now high(er) than before you can earn a decent return just by buying bonds. There's no reason for investors to recklessly speculate on companies like Lyft or Uber or Doordash when those companies are structurally unprofitable. Throw in the failure of SVB and a couple other banks, and yeah things are going to get very tight in software for the next few years.

Sparkyte 3y ago
I agree with this too, when debt collectors come knocking someone has to pay the bill.

Sparkyte 3y ago

Partly it takes more than one bad element to cause things to go sideways.

JohnFen 3y ago

> Do you actually think the software industry is in a recession I don't think the software industry is in a recession.