3 ms·
It's not all s174, but a lotta stuff in 2022 all happened at once and s174 accelerated that: - Pandemic swells from tech was cooling off. It was simply not goi
by johnnyanmac 1y ago
It's not all s174, but a lotta stuff in 2022 all happened at once and s174 accelerated that:
- Pandemic swells from tech was cooling off. It was simply not going to be a situation that facilitated constant growthong term. Likewise, this tail end also meant another round of trying to outsource tech overseas, now that companies spent a few years forcibly adjusting to remote work.
- some new privacy policies in Apple and Android changed that made it harder for ad tech to do their jobs. Great for consumers, but this does mean that a part of tech would be hit hard over the impacted revenue.
- the overall atmosphere in the world meant people were already taking recessionary measures. Companies were already staring to plateau in growth around this time
- interest rates would increase the next year which impacts everything. But tech would be hit pretty hard itself.
- the Ai hype bubble was starting to take off around this time. It wouldn't affect tech for a while, but it would slowly start this pivtot to try and push this as a marketing gimmick and shift priorities. And in a few cases, companies start to get this genius idea that this very premature tech can replace programmers.
A lot of stuff just happened all at once. S174 alone wouldn't have caused such a downturn by itself if companies thought they could still profit at the end of thr day.
- tom_m 1y agoI agree, it's a whole soup of things. Even still, I don't know why people continue to ignore or dismiss S174 and instead seem to blame AI on all of it. Maybe it's just hype being pushed by AI companies to make themselves seem more valuable? Maybe an excuse from companies that don't want to admit they over-hired?