| I think a more common claim is that the current downturn is way more obviously explained by Covid-era overhiring. Basically all the charts on that subject are incredibly eye-opening. To me it shows that the tech industry has actually been extremely resilient. Despite clearly going on an insane hiring spree that was not justifiable in the end, there hasn’t really been the kind of collapse we should expect. Tech companies have still maintained revenues and we haven’t seen any real sign of collapse. Companies that have gone trough major layoffs generally still have more employees than they did before 2020. What we are seeing are some tech employees who were used to nearly a decade of easy work act like spending 3-6 months looking for a job is industry apocalypse. I think you actually need to support the idea that there isn’t a nearly endless demand for software to be written. Software is just business logic. What businesses don’t involve software? What businesses are you seeing that are saying “our software is done, there are no more ways to optimize our business, and there’s no need to evolve business processes to compete, we don’t need to update it anymore!”? I can’t think of any business vertical that isn’t expecting constant improvement with their software. |