• Elting@piefed.social
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    5 days ago

    The tech sector had been over hiring for a decade. The cutbacks were inevitable in any course. Whats funny about it is that by using AI as a standover they are enshittifying their product faster and costing themselves more in the process than if they had just started firing people.

    Nonpaywalled version of that article: https://archive.is/HolQ7

    • Kairos@lemmy.today
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      4 days ago

      “Overhiring” has the same ethos as “overvalued” - completely made up and dependent on random people’s opinions.

      • Elting@piefed.social
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        4 days ago

        There is a degree of subjectivity to it, but at some point you pass a threshold where it should become obvious to most people. When I was in college, a CS degree was the one degree everyone knew would land you a well paying job right from graduation. It had been like that before I got there, and it was like that after I left. That isn’t the case anymore, and you can’t blame it all on AI.

        https://www.youtube.com/watch?v=0tLEszJs7hc

        This is a good video that shows how the industry has been changing.

        I think the biggest piece of evidence that AI isn’t actually causing the layoffs is that it doesn’t actually fucking work and everyone knows it.