[devdude1337]

In 2021 and 2022 companies hired developers in masses. Low interest rates and a boom mentality lead to an extraordinary number of projects being started even if not profitable.

In hindsight it was very similar to the dotcom boom.

Now as interest rates raise, all those funny projects get canceled therefor people getting laid off.

As a freelancer I have trouble now closing any contract.

However I also realized that it’s not every sector that is doomed. Only web seems dead right now. I changed my business model aiming for embedded and industry software, especially C++.