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The US job market is weird when you view it from the outside. Other countries are in the situation where they are missing pretty much every skill you can think
by mrweasel 3y ago
The US job market is weird when you view it from the outside. Other countries are in the situation where they are missing pretty much every skill you can think of. Denmark probably have thousands of IT jobs available and pretty much zero people to fill them.
Given how little the tech giants seems to suffer from their layoffs, there's a pretty good chance that they where massively over-hiring for years, actively hurting other companies and inflating salaries in some areas of the country.
If I was an investor in Meta or Amazon, I'd start question if the company is actually well managed, when they apparently have had hundreds, if not thousands of people on payroll that isn't actually required to run the business.
- medellin 3y agoThe over-hiring was at least somewhat acknowledged tactic big tech companies use to starve future potential competitors. If all the good talent is taken even for only 5 years you can extend the time that you have an advantage without having to innovate