this post was submitted on 11 Apr 2025
312 points (98.4% liked)
Technology
68724 readers
3518 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yes I agree. I just wanted to point out that articles like linked should not be immediately interpreted as "oh noo recession". They move labor wherever it is cheaper, Eastern Europe, Ukraine, India, or China in case of manufacturing, that’s all.
Privileges of being a megacorp?
Yeah, I wouldn't consider this a sign of recession. Instead, it is the confluence of various structural changes in the industry.
Because the industry was forced to work in a distributed manner, it has removed the location premium in a lot of salaries. Companies are firing high cost of living areas and hiring in lower cost of living areas.
Outside of cost of living, total supply for developers has increased significantly.
The return on investment for software development has either dropped or are starting to be included in more decisions. This is leading to development budgets getting slashed.