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Dr Milan Milanoviฤ‡
@milan_milanovic

๐—œ๐˜€ ๐˜๐—ต๐—ฒ ๐—ท๐—ผ๐—ฏ ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ณ๐—ผ๐—ฟ ๐˜€๐—ผ๐—ณ๐˜๐˜„๐—ฎ๐—ฟ๐—ฒ ๐—ฒ๐—ป๐—ด๐—ถ๐—ป๐—ฒ๐—ฒ๐—ฟ๐˜€ ๐—ด๐—ฒ๐˜๐˜๐—ถ๐—ป๐—ด ๐—ฒ๐˜ƒ๐—ฒ๐—ป ๐˜„๐—ผ๐—ฟ๐˜€๐—ฒ? Software engineering jobs were heaven for a few decades. Until Corona, if you're an engineer, recruiters would bombard you with offers. Yet, everything changed overnight. According to Vice, based on a December survey conducted by Blind on 9,338 software developers, almost 90% of software engineers polled in the study stated that ๐—ณ๐—ถ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐—ฎ ๐—ท๐—ผ๐—ฏ ๐—ถ๐˜€ ๐—ต๐—ฎ๐—ฟ๐—ฑ๐—ฒ๐—ฟ ๐—ป๐—ผ๐˜„ ๐˜๐—ต๐—ฎ๐—ป ๐—ถ๐˜ ๐˜„๐—ฎ๐˜€ ๐—ฏ๐—ฒ๐—ณ๐—ผ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฒ ๐—ฒ๐—ฝ๐—ถ๐—ฑ๐—ฒ๐—บ๐—ถ๐—ฐ, with 66 percent saying it is "much harder." Almost 80% of those surveyed claimed that ๐˜๐—ต๐—ฒ๐—ฟ๐—ฒ ๐—ต๐—ฎ๐˜€ ๐—ฏ๐—ฒ๐—ฒ๐—ป ๐—ฎ๐—ป ๐—ถ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ฒ ๐—ถ๐—ป ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐—ผ๐—ป ๐—ณ๐—ผ๐—ฟ ๐—ท๐—ผ๐—ฏ๐˜€ ๐˜๐—ต๐—ฟ๐—ผ๐˜‚๐—ด๐—ต๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ฒ ๐—ฝ๐—ฎ๐˜€๐˜ ๐˜†๐—ฒ๐—ฎ๐—ฟ. If they lost their job today, only 6% of software engineers were "extremely confident" they could find another with the same total remuneration, while 32% stated they were "not at all confident." In addition, ๐—”๐—œ ๐—ต๐—ฎ๐˜€ ๐—ฟ๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜๐—น๐˜† ๐—ฒ๐—ป๐˜๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐˜๐—ต๐—ฒ ๐—ฑ๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ฟ๐˜€๐—ฒ, and there are indications that the coding field is about to undergo a radical shift. It is possible to write code 6% faster using these tools, which will only grow. Over 2022 and 2023, ๐˜๐—ต๐—ฒ ๐˜๐—ฒ๐—ฐ๐—ต ๐˜€๐—ฒ๐—ฐ๐˜๐—ผ๐—ฟ ๐—ฒ๐—ป๐—ฑ๐˜‚๐—ฟ๐—ฒ๐—ฑ ๐—บ๐—ผ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฎ๐—ป ๐Ÿฐ๐Ÿฌ๐Ÿฌ,๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—น๐—ฎ๐˜†๐—ผ๐—ณ๐—ณ๐˜€, according to the tracking site Layoffs .fyi, and 2024. is similar. What is announced in this year: ๐Ÿ”น Amazon will lay off several hundred staff in Prime Video and 5% of Audible division's workforce ๐Ÿ”น Amazon's Twitch will cut 500 employees, about 35% of staff ๐Ÿ”น Unity Software will cut 25% of staff in the 'company reset' continuation ๐Ÿ”น Google confirms just laid off around a thousand employees So, the crisis continues, and it is hard to say when it will stabilize. What are your thoughts? Write in the comments. Image source: trueup .io #technology #softwareengineering #layoffs #techworldwithmilan #careers

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Dr Milan Milanoviฤ‡
@milan_milanovic

Sources: - <a target="_blank" href="https://www.vice.com/en/article/g5y37j/thousands-of-software-engineers-say-the-job-market-is-getting-much-worse" color="blue">vice.com/en/article/g5yโ€ฆ</a> - <a target="_blank" href="https://www.reuters.com/technology/amazon-lay-off-employees-prime-video-studios-divisions-information-2024-01-10/" color="blue">reuters.com/technology/amaโ€ฆ</a> - <a target="_blank" href="https://www.reuters.com/technology/amazon-cuts-5-audible-divisions-workforce-business-insider-2024-01-11/" color="blue">reuters.com/technology/amaโ€ฆ</a> - <a target="_blank" href="https://www.reuters.com/technology/unity-software-cutting-25-staff-company-reset-continuation-2024-01-08/" color="blue">reuters.com/technology/uniโ€ฆ</a> - <a target="_blank" href="https://www.theverge.com/2024/1/11/24034124/google-layoffs-engineering-assistant-hardware" color="blue">theverge.com/2024/1/11/2403โ€ฆ</a> - <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-01-09/amazon-s-twitch-to-cut-500-employees-about-35-of-staff" color="blue">bloomberg.com/news/articles/โ€ฆ</a> - <a target="_blank" href="https://techcrunch.com/2024/01/11/tech-layoffs-2023-list/" color="blue">techcrunch.com/2024/01/11/tecโ€ฆ</a>

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Dr Milan Milanoviฤ‡
@milan_milanovic

To expand your knowledge and personal growth, subscribe to my free weekly newsletter with 20,000+ people: <a target="_blank" href="https://newsletter.techworld-with-milan.com" color="blue">newsletter.techworld-with-milan.com</a>.