Earlier quoted context omitted.
ZIRP alone isn’t even the full financial story - there was a time bomb tax change from a 2017 bill that impacted R&D (most software work) and that took effect in 2023. But it’s fairly visible that big companies (eg Meta) that are spending a lot on AI are actually changing spending on headcount and hiring to maintain margins. It’s not the efficiency of the workers, it’s the maintenance of margins with big new spending…
The R&D tax credit change actually took effect in 2022, and one of the few good things Trump's BBB did was reverse it
What if remote working, not AI, is to blame for weak junior hiring?
171–180 of 394 posts
Re: What if remote working, not AI, is to blame for weak junior hiring?
#172Weak junior hiring is due to: - Longtime trends of companies trying to externalize training costs. - Avoiding hiring in general due to uncertainty in the economy. - Companies dumping tons of money into AI thus having to cut money from other places, particularly ones that don't add much value in the quarter (internships).
> companies trying to externalize training costs Why shouldn't they? You're commenting on a website where the common if not overwhelming view is that people should move jobs every 2 years or they are going to lose out.
Re: What if remote working, not AI, is to blame for weak junior hiring?
#173The trouble with hiring juniors now is it's much more difficult to get them up to speed so they can be productive. Before covid, you'd sit next to them, get asked questions every so often, do some pair programming, and discuss ideas over lunch. You can, on paper, do the same exact things over Slack and Zoom. But there's much more friction. And a junior that's struggling is a lot less visible than it used to be. So wh…
We did indeed notice it took very long to get them up to speed.
They didn't really get going until the lockdowns were fully lifted and people returned to office.
Hard to tell what would have happened without the two+ years of Covid restrictions, but with a sample size of two I feel like it wasn't a fluke.
Re: What if remote working, not AI, is to blame for weak junior hiring?
#174Earlier quoted context omitted.
They happen all the time for me at small to medium companies. If the legal team is two people whose desks are by the door, then you are going to eat lunch together at some point. It would be weird not to! Just wait until someone says "anyone want a coffee?" or "who brought lunch?" and then stand up. Obviously this doesn't happen when the legal team is located three buildings away. At that point you might as well be r…
I think they say that the knowledge transfer did not happen during that. You don't want to bring work to people who are trying to take a break from it.
I've found the benefit of lunches together is that you get familiar with everyone, and they with you. There's more of an assumption of good will and competence between people who know each other.
Re: What if remote working, not AI, is to blame for weak junior hiring?
#175The trouble with hiring juniors now is it's much more difficult to get them up to speed so they can be productive. Before covid, you'd sit next to them, get asked questions every so often, do some pair programming, and discuss ideas over lunch. You can, on paper, do the same exact things over Slack and Zoom. But there's much more friction. And a junior that's struggling is a lot less visible than it used to be. So wh…
Which is why junior and senior talent alike are forced back into the office. Except that tenured senior and staff employees from the boom times are in the San Francisco office, but all the new grad hires from the last 2-4 years are in various third world offices. And neither of them can get conference rooms, so everybody's on Zoom at their desk all day, trying to be heard over their neighbors.
Along with trends like having line managers be in charge of 20+ direct reports, it leaves people scratching their heads.
Re: What if remote working, not AI, is to blame for weak junior hiring?
#176Earlier quoted context omitted.
Which is why junior and senior talent alike are forced back into the office. Except that tenured senior and staff employees from the boom times are in the San Francisco office, but all the new grad hires from the last 2-4 years are in various third world offices. And neither of them can get conference rooms, so everybody's on Zoom at their desk all day, trying to be heard over their neighbors.
So man companies that are doing RTO are in no way trying to reorg to make teams stay colocated, it's rather puzzling. I know a UK manager with only reports in the different parts of the americas, and there's never more than 2 in the same city, so for all intents and purposes, the teams are just fully remote but stuck badging in. And that's after a reorg this april, where many US managers got laid off. Along with tren…
Re: What if remote working, not AI, is to blame for weak junior hiring?
#177Earlier quoted context omitted.
> companies trying to externalize training costs Why shouldn't they? You're commenting on a website where the common if not overwhelming view is that people should move jobs every 2 years or they are going to lose out.
Tragedy of the commons, prisoners dilemma. Externalizing costs is a great short term strategy, for startups. We really should regulate any company over a certain size to force them to pay for their externalities but we all know they won’t happen. I’m sure this won’t have any lasting consequences or lead to the collapse of any economies.
It’s been very successful. Huge companies, including tech companies, will hire swathes of young people to fill apprentice slots.
Re: What if remote working, not AI, is to blame for weak junior hiring?
#178AI is not responsible for anything at the moment, except making existing senior developers reasonably more efficient for sleeve of tasks, but not the tasks that take the most time. Saying "we don't need as many staff because AI" is an oft-repeated trope because it sounds like a reasonable excuse to fire people. It's nearly impossible to back up the claim with any measurable method, and investors will look aside on th…
At the moment is the significant part, how long do we expect this to last now that AI is capable of generating novel ideas like solutions to Erdos conjectures?
Re: What if remote working, not AI, is to blame for weak junior hiring?
#179What if is, and always was, having people with no discernible skills or expertise being in charge of filling the hiring pipeline?
Re: What if remote working, not AI, is to blame for weak junior hiring?
#180Earlier quoted context omitted.
LLMs enable a new kind of text search. It looks like reasoning and intelligence, but it is not. For example, If you are not aware of Internet, you would consider a traditional internet search that comes up with a stackoverflow answer as a machine generating "novel ideas" and answers. It is a clever marketing trick (touting Erdos solutions) employeed by AI companies.
Whatever LLMs are or are not, they've completely changed what I do for work. 9 months ago I was coding, today I prompt. Every line of code I commit is generated by LLMs. If you want to call it text search, be my guest. Doesn't change what it's done for the industry.