I'd be curious to see how the sudden surge of available workforce is affecting the average salaries in the IT, compared to other fields that weren't touched so badly by the layoff wave.
There had been a huge deficit of qualified worker due to SV/FANG/.. sponging them up.
So we likely won't go to a oversupply situation.
But as under-supply decreases and in turn saleries should fall.
But then salaries had been in some contexts so high that most startups couldn't afford paying it, so just by accepting this salaries without them falling the average would fall.
So I don't expect the salaries for mid to high qualified IT workers to fall too much outside of SV, and especially outside of the US. Like it still will be a pretty well paying job, just not necessary through the moon high salaries.
Through it might get a bit harder for low qualified IT workers, much harder if they are unlucky wrt. current AI development.
So we likely won't go to a oversupply situation.
But as under-supply decreases and in turn saleries should fall.
But then salaries had been in some contexts so high that most startups couldn't afford paying it, so just by accepting this salaries without them falling the average would fall.
So I don't expect the salaries for mid to high qualified IT workers to fall too much outside of SV, and especially outside of the US. Like it still will be a pretty well paying job, just not necessary through the moon high salaries.
Through it might get a bit harder for low qualified IT workers, much harder if they are unlucky wrt. current AI development.