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For 2: we still have a severe labor demand deficit. Software will continue to eat the world. What we are seeing here is corporation shortsightedness and greed.
by x86x87 3y ago
For 2: we still have a severe labor demand deficit. Software will continue to eat the world. What we are seeing here is corporation shortsightedness and greed.
You can make a killing in a quarter by firing all your workers. You won't be around for the next quarter.
A day of reckoning will come triggered by spectacular failures of big corporations that pawned their future + infusion of cash as the economy "recovers". At that point in time the pendulum will swing and hopefully people will not forget the absurd way they were treated.
- el-dude-arino 3y agoBingo. Cost-cutting only works in the short term, and by "working" I mean gaming the financial statements. Despite the oligarch's best efforts we still live in a fairly competitive market in therms of tech products. Competing means hiring people to make things. I'm already seeing a significant uptick in demand for senior+ engineers. This is me talking to multiple companies and recruiters, headcounts are going up again and thankfully their for products that actually provide real value to customers. I haven't heard from a crypto/nft company (see: scam) in a looooong time.