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Computer Science 5w
Why are so many tech workers getting laid off
#poll
Cost of AI
AI efficiency writing code
Restructuring leadership
Budget
Performance
60 votes
comment

6
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Anonymous 5w

It’s probably a combination of budget/performance. So many companies overextended themselves during Covid and the couple years after when money was just pouring in and interest rates were super low (i.e. those companies could take big loans to fund new projects and hire people without it costing much). Now that interest rates are higher, they have to prioritize the business-critical projects and lay off people who didn’t pan out or were working on projects that didn’t. I actually think when

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Anonymous 5w

Offshoring and growing talent pool

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Anonymous 4w

Offshoring imo

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Anonymous 4w

Offshoring

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Anonymous replying to -> #1 5w

interest rates get cut, we could see things start roaring again. Big Tech is already dumping boat loads of money into AI projects, but not much else at the moment since they see that as the most important thing right now

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Anonymous replying to -> #1 5w

If it’s dumping boat loads of money into AI wouldn’t that be cost of AI? like a push for devs to use AI tools cost the company way more $ but then so they lay them off?

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