Microsoft is laying off 60,000 people. That's just the early pin prick of the layoff gusher that is incoming.
One million software developers will lose their jobs in the US over the next ten years.
The big firing waves will begin when valuations decline as the initial AI boom slows. That has started already, although it's early. Companies like CoreWeave will basically collapse. Investors will demand & reward the layoffs, efficiency push, the end of rah rah times will prompt the inflection on employment in tech. And it'll never be like it was ever again.
One million software developers will lose their jobs in the US over the next ten years.
The big firing waves will begin when valuations decline as the initial AI boom slows. That has started already, although it's early. Companies like CoreWeave will basically collapse. Investors will demand & reward the layoffs, efficiency push, the end of rah rah times will prompt the inflection on employment in tech. And it'll never be like it was ever again.