This is pretty normal for the start of a downturn. There's probably a bunch of forced vacation going on (or will be), too. I remember a lot of that from the healthier companies in the 2002 time frame and a friend of mine at a more hardware-oriented company told me his company is doing that.
Despite what EMT fundamentalists will tell you, the stock market is only loosely correlated with fundamentals and 100 pts is nothing. Besides, there's no reason a company's profit _must_ decline during a downturn: for example, if they perfectly predict the downturn and reduce expenses (like laying people off) just before it hits.
It's going to be normalised in the coming years, across small and huge companies. Not sure how all the web devs will adjust.
Also we aren't in 2010. You don't need to build as much in house anymore or patch up tech that doesn't scale. Modern frameworks, cloud, and open source tech makes things at least 10x easier than they used to be. We will only improve in this regard.
Only if the rate of newer services/companies keep up and outweigh the ease of development we should eventually reach. People are currently still maintaining jQuery PHP and other tech that makes doing anything much more complicated than it needs to be.
might be a naive take but i think LLMs will improve the ease with which maintenance can happen.
one of the major problems with older tech is finding people who are willing to work in that domain for cheap - LLMs seem to trivialise that.
How do you think they trivialize it? I've found them to be good for writing short scripts or answering a specific question. I've never seen one that you point at your own code base and have it do things like write a new endpoint that takes into account all the existing database and authentication code. If such a thing exists I'd like to know about it.
That's entirely possible. eBay is a very mature product, and it has been like this for years. Among the e-commerce platforms, it's still one that empowers the little people and serves a goal. I hope they won't "disrupt" it.
Every year or two Ebay rewrites their UI and makes it slightly worse. I kind of wish they'd laid off a good chunk of their designers/developers three or four UI's ago.
Some much this. If executives were held accountable and terminated for performance failures resulting in layoffs rather than rewarded with earnings bonuses I would feel more sympathy.
I think it was expected after Musk let go of so many people and technically speaking twitter is still functioning as it was with a bunch of extra features (half baked some might be).
> AI is a buzzword that allows the layoffs to happen
Not a single public layoff announcement has mentioned AI as the reason. In fact the current round of layoffs have been going on since before ChatGPT or Github Copilot even launched publicly.