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A 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 pan
by whstl 1y ago
A 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.