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by UncleOxidant
323 days ago
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> Usually these bubbles pop after the employment market goes crazy. The employment starts to go nuts Meta has been offering 7 figure salaries for AI talent. This is a very different bubble from the .com bubble. The hiring frenzy in this limited to a very small group of people with unique skills/experience that few people posses. While at the same time thousands of other people are being let go in order to pay those big salaries to a few people (and in order to buy more GPUs). The C-suite has become obsessed with the idea that they're going to need much fewer engineers and they're hiring/firing like it. |
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