[fdgsdfogijq]

It's going to take a long time for tech compensation to recover. Even if the stock market recovers, the wages will be lower.

All the laid off employees will take low compensation somewhere. Every time a good opportunity opens up (1+ year from now), all these low comp people will jump at it, suppressing the wage of that job.

Hard to imagine how long it will take for that effect to disappear, need a stock market boom or low rates again

[ianbutler]

Yeah I don't see it. If you're just counting developers there has been less than 10% of the total us developer workforce laid off to date since 2022. This just seems like wishful thinking on the part of business owners. Sorry folks we still cost a premium.

[clavalle]

Not only that, software is a unique sector in which a lot of the capital is in the talent.

These companies aren't laying off labor that have few choices. They're budding off knowlegible competetors.

If these folks can't find a well paying job it's a very real option to create a well-performing company.

[clavalle]

Nothing is more expensive than cheap talent.

Besides, the market is still super tight and shows very few signs of loosening.

What we're seeing is that the old-guard companies have hit their autumn years. But companies being companies autumn could last for decades.

I think we had too much talent dedicated to some of these sectors anyway. There's a lot of interesting problems out there that could use more attention.

[lancesells]

Is the stock market really needing to recover? I don't pay much attention to it but whenever I look stocks and indexes they seem to have gone down a little but not to pre-pandemic levels. What am I missing?

[hardware2win]

What makes you think that it will recover at all? :)