Perhaps no part of ‘the economy’ has experienced such a dramatic reversal than tech - from the unprecedented exuberance of post-lockdown 2021 to now a post-ZIRP slow down, whilst AI continues to offer compelling alternatives to headcount. Entry level hit hardest with this report from SignalFire saying hiring rate is down between 30-50% compared to 2019. The chart above also pertinent for us - all support functions down, as tech companies double down on humans who know how to do AI. Good reading on what future tech looks like, though take with usual caveats on sample bias etc.
