Comment Re:As predicted (Score 1) 63
There is also the fact that we very recently experienced global hyperinflation, followed by extremely high interest rates to tame it. The natural (and intended) effect was mass downsizing and layoffs, which we did, in fact see. So we are sitting in the valley of that effect right now.
It's popular to put "AI into every headline, but there there are other things simultaneously going on in the world that are significant contributors to the current low demand for workers in various industries, including tech. This is just part of the normal cycle and hiring will go up again when conditions change.
Of course, that is cold comfort to current debt-ridden and jobless graduates right now. But the world does not run on compassion.