← Back to context

Comment by michpoch

1 day ago

It died after Google announced layoffs.

The local IT market is quite small and Google is a very large employer here.

Two things had happened then:

1. Other companies froze hiring, because they got scared of „what does FAANG know that we don’t that they’re reducing employment” - no other reason really

2. A few hundred of pretty good Google engineers flooded the small market.

2023 was very rough, things got much better since then though.