Comment by lordkrandel

The layoffs affected mostly the US market. In EU, there never has been an excess of salaries or hiring, so it's almost just bad as usual. You don't see much "funding" and "VC"s here. If you wanna stay on the market, you better have positive cash flow. In Italy, salaries are about 1/4 of what's overseas, it is very hard to job hop, those who do are seen as opportunistic people. So, you feel this slightly less.

All this AI marketing thing is another thing that is specific about Silicon Valley and investments, and "growth". In EU, you don't have much growth, and that's all.

I guess the US tech market has been drugged on free cash for too long, to even have an idea of what the real world is.