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It's not just you. It's not even just tech. The economists are wrong. By all indications the economy is strong, profits are up, overall employment numbers are t
by FatBaby1869 3y ago
It's not just you. It's not even just tech. The economists are wrong. By all indications the economy is strong, profits are up, overall employment numbers are the lowest they've been in a while. But here in the US, companies regardless of their bottom line, are laying off huge chunks of their employees. Some to correct overhiring in previous years, some to show Wall Street they've met their numbers, and some are still hedging against a downturn that was projected but did not come. Rates are not coming down, so companies are not borrowing cash to cover growing head count, and the ones who are hiring are drawing out the process. Our org for example, only added 4 new developers across our entire global footprint in 2023. We needed a lot more, especially backend devs, but were not allowed to add headcount. Every quarter we are being asked to do more with less.