Comment by rybosworld

Comment by rybosworld 15 hours ago

3 replies

It's not obvious to me that AI is the reason for the hiring slowdown.

ChatGPT was pretty useless when it first released. It was neat that you could talk to it but I don't think it actually became a tool you could depend on (and even then, in a very limited way) until sometime in 2024.

Basically:

- the junior hiring slowdown started in 2022.

- but LLM's have only really been useful in a work context starting around 2024.

As for this point:

> According to very recent research from Stanford’s Digital Economy Lab, published in August of this year, companies that adopt AI at higher rates are hiring juniors 13% less

The same point stands. The junior hiring slowdown existed before the AI spend.

johnnyanmac 4 hours ago

No one wants to say we're in a recession yet, so we gotta deal with beating around the bush for another few years.

But yeah, it's bad in general. seniors are struggling too. This was cooking for even longer, but more mess got added to the stack.

tschellenbach 13 hours ago

Tend to agree here. The slowdown here has more to do with the financial ecosystem. IE less capital available for some companies, higher salaries and a changed approach to work.

The AI wave didn't start yet. Will hit in 26/27

nateglims 13 hours ago

I think the interest rate and shareholder pressure were the most immediate causes. In 2021 you could get head count to do trivial projects at many tech companies and by the end of 2022 you had layoffs and hiring freezes.