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Comment by Verdex

3 hours ago

It is?

Covid overhiring, no more 0% interest rates, that one accounting change, and companies needing a "growth" sounding way to announce layoffs. Maybe that's bringing actual layoffs in the name of AI?

> Covid overhiring, no more 0% interest rates, that one accounting change, and companies needing a "growth" sounding way to announce layoffs.

That is only compounding the problem, because with each year, IT still gets a truckload of new bootcamp or "academia" graduates that hit the pool of the unemployed.