AcCeLlErAtE!!

https://newsletter.pragmaticengineer.com/p/software-engineering-job-openings

The spike on this graph was due to money-printing euphoria from COVID. The decline began when the money ran out and reality started to set in. AI only came later (~2024) as a convenient scapegoat once the curve was already flattened.

This is not really an AI thing. I was working at a fintech startup on the upswing of this chart, and saw the bottom fallout before AI coding was really capable enough to impact job markets like this. Companies were seeing huge growth because of the amount of money sloshing around and they never ex...

I think the spike was the anomaly, ai is just the excuse to return to normal growth. Either way, glad I’m not looking for a software job.

We ai engineers now

RIP

No, that's just the inverse of interest rates. Things with a long time horizon and unclear profitability like tech products (e.g., the metaverse or whatever) just hire more when money is cheap and cut costs when it's expensive. They are not in a rush and it's unclear if delivering one year earlier i...