We are in a period analogous to the end of the Dotcom bubble. The Internet is obviously going to change the world, but right now all it can do is pets.com, etoys.com, kozmo.com. People are out of work, and those with other alternatives or preferences will leave the tech industry. In 10 years entire new platforms and modes will exist that generate even more opportunities than before. Some variation of this wave has been surfed up and down since the invention and industrialization of computation.
Software engineering job openings hit five-year low?
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Re: Software engineering job openings hit five-year low?
#12The number of job postings means nothing. 75% of the job postings are either scam or ghost postings.
Also the same jobs are advertised multiple times, with completely different wording, by multiple recruitment companies.
Re: Software engineering job openings hit five-year low?
#13doesnt this just reflect interest in indeed.com
Re: Software engineering job openings hit five-year low?
#14honestly it hasn't felt this bad since dotcom
Re: Software engineering job openings hit five-year low?
#15Yeah... I'm getting few blips on my linkedin/email. Fortunate to have a job I enjoy, hoping I can ride the wave.
Re: Software engineering job openings hit five-year low?
#16We are in a period analogous to the end of the Dotcom bubble. The Internet is obviously going to change the world, but right now all it can do is pets.com, etoys.com, kozmo.com. People are out of work, and those with other alternatives or preferences will leave the tech industry. In 10 years entire new platforms and modes will exist that generate even more opportunities than before. Some variation of this wave has be…
The internet created vast new opportunities for software engineers to create value.
Generative AI is about replacing software engineers in creating that value.
These are very different things.
Re: Software engineering job openings hit five-year low?
#17Companies have moved away from tech innovation driving growth. Instead they’ve realized they’re defending mature, boring business models. They need to keep the lights on with some good-enough engineers.
Just think how much the investor narrative has shifted from early 2020s. Back then everyone talked about the business areas they were expanding into using tech. Now, investors get hyped up when you do the same thing, at lower cost. Less about growth, more about predictability. Which makes sense. Do investors view Amazon as a high tech company (as in 2020 and before) or a predictable business? dare I say utility?
It explains layoffs, forced RTO, etc. They simply don’t care if even their best leave. Their MBA executives know optimization/keeping the lights on - and less about innovation.
Re: Software engineering job openings hit five-year low?
#18In all of my software career I have only worked for a company that actually produced software twice. One was as a contractor to Intuit and the other was Bank of America. Absolutely everybody else had these massive fleets of developers who struggled to put text on screen from a high centralized database to a web browser.
Few, maybe 15%, of those people really seemed like they could program. Everybody else talked about their favorite tech stack and their opinions on code styles. It kind of felt like code masturbation. A shrinking job market is not surprising.
Re: Software engineering job openings hit five-year low?
#19We are in a period analogous to the end of the Dotcom bubble. The Internet is obviously going to change the world, but right now all it can do is pets.com, etoys.com, kozmo.com. People are out of work, and those with other alternatives or preferences will leave the tech industry. In 10 years entire new platforms and modes will exist that generate even more opportunities than before. Some variation of this wave has be…
If the analogy is LLMs are today's equivalent of the web, I'm skeptical. Internet-based communication replaced technology like telephones and fax machines for synchronous and asynchronous telecommunication. People like and need to talk to other people. It was clearly valuable from day 1. What is the equivalent value proposition for LLMs? They make for really cool and splashy demos. But practical usage doesn't seem to keep pace with the hype. Why is it such a safe assumption that this is just like the invention of the Internet (or, as Sundar Pichai put it, the invention of fire)?
Re: Software engineering job openings hit five-year low?
#20Kind of strange to see no mention of outsourcing in an otherwise detailed analysis