this post was submitted on 04 Dec 2023
490 points (97.1% liked)
Technology
59708 readers
2500 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- 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, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I've been in tech for a while, I can't tell how much of this is due to over hiring and over paying for work during that crazy time 2 years ago. I had lots of friends bounce to hire paying jobs and a lot of folks were just trying to gobble up talent. A lot of those places doing that seemed to be having big lay offs in the years following. I think there was a lot of optimism back the about the market, and it seems like course correction and pessimistic outlooks at play.
On top of that, moneys tight right now. Saw 3 months of spotify premium dangled for 10 bucks like a week or two ago and it just seemed desperate to me. Still haven't come back tho, broke, and I feel for these employees.