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I suspect that any reduction in hiring is more a function of market sentiment than jobs being replaced by AI. Many companies are cutting costs rather than expan
by VBprogrammer 1y ago
I suspect that any reduction in hiring is more a function of market sentiment than jobs being replaced by AI. Many companies are cutting costs rather than expanding as rapidly as possible during the capture the flag years.
- bradlys 1y agoPeople keep forgetting that the hiring cuts were happening before AI was hyped up. AI is merely the justification right now because it helps stock price. We’ve been seeing layoffs for over 3 years…
- whstl 1y agoA company I worked for got half a billion euros funding and the command from Masayoshi Son was to "hire as many developers as you can". That was before the pandemic and AI. It was predictable that some layoffs would eventually happen, we just didn't know it would be so fast.
- bradlys 1y agoI don’t think people imagined this would be lasting for over 3 years. People were ready for a bumpy 12-18 months and not for this trend to be the new normal.
- whstl 1y agoGood point, I agree. I wonder if it's AI, the market, both, or some other cause... :/
- bradlys 1y agoIt’s the market, lol. You think executives are gonna be saying, “yeah we’re laying off people because our revenue stinks and we have too high of costs!” They’re gonna tell people, “yeah, we definitely got AI. It’s AI, that’s our competitive edge and why we had to do layoffs. We have AI and our competitors don’t. That’s why we’re better. (Oh my god, I hope this works. Please get the stock back up, daddy needs a new yacht.)”
- marcosdumay 1y agoThe huge Silicon Valley corps are mostly zombies right now. The bad hiring market will last for as long as they dominate the software market.
- marcosdumay 1y ago> we just didn't know it would be so fast The layoffs started exactly as soon as the US government decided to stop giving free money to investment funds. A few days before they announced it. A bit before it, it was clear it was going to happen. But I do agree that years earlier nobody could predict when it wold stop.
- reality2025 1y ago[flagged]
- gedy 1y ago> Further, most us cs programs do not produce workers capable of working at FAANG-level jobs You mean FAANG style interview hazing. I've worked with plenty of ex-FAANG top school people and they are really not special.
- bradlys 1y agoHis comments read a lot like typical Indian-superiority complex types believing that Indians are the superior race. It's tiring that shit like this even gets on HN. You're not going to convince him of anything.
- ghaff 1y agoAnd correcting for a hiring bubble. Depends on where too. Was just talking to a friend yesterday who works for a military sub (so not just software) and they said their projects are basically bottlenecked by hiring engineers.