|
Thank you. This article is just downright silly (and that does not mean I don't have a ton of empathy for people who are job searching right now). All of the following are true: 1. There was a massive amount of tech hiring not just over the pandemic, but really in the whole period from the end of the Great Recession until the latter half of 2022. 2. Many of those jobs were not just unsustainable pandemic hiring, but they were really just speculative hiring enabled by the ZIRP era, where more companies were worried about being left behind than overspending. Some examples: during the "Big Data Boom" there was an explosion of "data scientists" and "data analysts". I put those titles in scare quotes not because they're invalid jobs or something, but just that there was so much of a "just throw bodies at the problem" attitude that many of these roles were poorly defined at companies. Similarly, lots of companies staffed up massive user research teams. Turns out a lot of that low hanging fruit has been picked, and many companies have realized they can get by with much smaller, more targeted user research. 3. We are now undergoing a massive job restructuring, I would argue even stronger than what happened post dot com bubble, for a bunch of reasons: (1) the end of the ZIRP era coinciding with the end of pandemic-specific overhiring, (2) I've heard it said "Elon Musk showed with Twitter that you can run tech companies with a lot smaller teams" - while I strongly disagree (I'm always thinking, have you actually even used the complete garbage cesspool X has become, even more than before???), I think there is a valid point that a lot of companies just had way too many people than they needed, and (3) Gen AI really is having an impact on specific roles, e.g. copywriting roles and low-level data analyst roles. It's simply a game of musical chairs where a ton of chairs were taken away all at once. Yes, the job application process is painful, AI-assisted ATS tools can feel like a labyrinth, and there are a lot more scams. But that is not the root cause. There are just a ton more people looking for jobs than there are roles available. |