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So the companies reacted rationally to the tax laws? Seems like a much better way to put rather than “use AI as a scapegoat” which is not substantiated.
by simianwords 1y ago
So the companies reacted rationally to the tax laws? Seems like a much better way to put rather than “use AI as a scapegoat” which is not substantiated.
- johnnyanmac 1y agoThere were a lot of things in 2022 happening all at once, so while S178 is a highly underreported issue in the tech sector,it wasn't the only catalyst. Fed rates increased, ad yields plummeted, and a cooling off of the COVID tech boom meant that companies quickly left "growth mode". The transition to maintenance mode also caused a new wave of outsourcing to cut the cost of "no longer free money" North American devs. That's why hiring actually isn't down as much in earning calls. They are still hiring, just not from here.