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In the real world experiment we're living through you're being proven wrong. Tech companies have been laying off engineers continuously for several years now an
by guelo 1y ago
In the real world experiment we're living through you're being proven wrong. Tech companies have been laying off engineers continuously for several years now and wages are down.
- bko 1y agoLayoffs started before the rise in llms and all the tooling around coding using llms. They were never used as a justification. What happened was musk bought Twitter, cut 80% headcount and it was still up which showed you can be leaner and other tech ceos took note. That and the stock crashed as we were post COVID bubble.
- genewitch 1y agoLayoffs track with the end of ZIRP, so that is a possible confounder.