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I suspect that the issue arises from the fact that fewer employees are needed. There was a time when many employees were simply slacking off and doing minimal w

I suspect that the issue arises from the fact that fewer employees are needed. There was a time when many employees were simply slacking off and doing minimal work. Employers are ensuring that this does not continue. Recently, I read that Nvidia, a company with a market value exceeding $3 trillion, has fewer than 30,000 employees. It's hard to believe. I think we are beginning to see the problems that high efficiency can bring.

nrb 2y ago
Anecdotally, I'm seeing the opposite. Employees are pretty badly needed but companies trying to operate as lean as possible for cashflow reasons. As interest rates decline and borrowed money becomes cheaper I expect we'll see hiring tick back up in startups/tech specifically.
- skirmish 2y ago
  > As interest rates decline Why would they decline any further? The consensus right now is inflation will go up due to incoming administration's stated policies, and rates will go up too.
  - mejutoco 2y ago
    OP might be talking about countries other than the US.
  - nrb 2y ago
    They very well might, with the expected opposite effect. I was speaking more to the correlation of interest rates and hiring compared to "companies figured out people are lazy" as an explanation.
n_ary 2y ago
On the contrary, I see immense lack of devs yet every 2 months new levels of invented management hierarchy and more management. At one point, I saw 16 POs(there were 3 POs who didn’t even have a team but were running around and having coffee breaks for over a year waiting for the hypothetical teams and products to be formed) while all teams suffered from chronological lack of experienced engineers, which HR always responded with “we can’t find any devs nationwide and have started seeking over the whole EU…”. Not sure how the PO/PM/PC/AC etc continued bulking up that it almost feels like we are running a management renting shop or something.

nrb 2y ago

Anecdotally, I'm seeing the opposite. Employees are pretty badly needed but companies trying to operate as lean as possible for cashflow reasons. As interest rates decline and borrowed money becomes cheaper I expect we'll see hiring tick back up in startups/tech specifically.

skirmish 2y ago
> As interest rates decline Why would they decline any further? The consensus right now is inflation will go up due to incoming administration's stated policies, and rates will go up too.
- mejutoco 2y ago
  OP might be talking about countries other than the US.
- nrb 2y ago
  They very well might, with the expected opposite effect. I was speaking more to the correlation of interest rates and hiring compared to "companies figured out people are lazy" as an explanation.

n_ary 2y ago

On the contrary, I see immense lack of devs yet every 2 months new levels of invented management hierarchy and more management. At one point, I saw 16 POs(there were 3 POs who didn’t even have a team but were running around and having coffee breaks for over a year waiting for the hypothetical teams and products to be formed) while all teams suffered from chronological lack of experienced engineers, which HR always responded with “we can’t find any devs nationwide and have started seeking over the whole EU…”. Not sure how the PO/PM/PC/AC etc continued bulking up that it almost feels like we are running a management renting shop or something.