Predictions for the tech job market

My thoughts on how the tech job market is now, and what will happen in the near future.

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I’m Lily, a product designer (UX) in San Francisco. With no connections, I hustled and broke into Silicon Valley after arts school. I've been featured at Apple News and Business Insider. Subscribe to get my career + interview advice on how to do the same!

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✉️ Professional Inquiries

[jurassicthunder]

major reason for layoff is outsourcing not ai nor the interest rates. even though they play a significant role, outsourcing will stay regardless how the two is doing. because companies exist only for one reason: profits. best way to get profits is to cut costs. human costs. that's why it's called human resources.

[nothing]

We Americans are struggling to find jobs and are getting fired, while companies continue to hire H1B workers from India

[ajarofdirt]

After being laid off for 2+ years, i had to move to a public school teacher job and I make $30/hr full time. Honestly? It's better than being homeless. What I learned is you have to pivot. Never assume it can't get worse.

[heatherbarnes]

This is really very optimistic. It may pick up but more for off and near-shoring.

[plextoob]

The economy is not some thing that has its own mind. We created it. We control it. We can make it be whatever we want. Apparently this is what we want. *shrug*

[MyNadeemshah]

Despite having over a decade of experience as a UX Designer in the Bay Area, I unfortunately faced two laid-offs this year due to "cost reduction.

[abgs]

“More expense for hiring”. Fed cuts do not mean companies are going to use that extra spending money for hiring. Even if they do use it for hiring, the next question is if they’ll use that money for entry-mid level positions. With the advancement of AI/Tech, mid-senior level roles have been more efficient with AI, leading management to think they should just hire mid-senior levels and outsource entry levels from India etc.

[abgs]

Interest rates dropping doesn’t mean companies are going to spend the money to hire juniors.

[joeyGalileoHotto]

if I could get a time machine, I would go back to junior year of college and make myself apply to internships. Because right now, I am getting emails that state "We have decided to move on with candidates who have the skills better aligned with this position" because I can't compete with candidates with more experience than myself.

[INXIETE]

Work on up skilling yourself. I know it sucks, but when else would you have the time to do so. Look at things optimistically, you have more time than otherwise you would. Take this time to treat yourself, go on a vacation, spend some me time.

[weho_brian]

im lucky to be working healthcare and tech. Right now with the AI boom, everything is getting re-evaluated. What is all the need for enterprise software (hence software engineers) when AI will be able to accomplish most of these things?

[ReiShirouOfficial]

Idk about good times are coming
I feel like it’s gonna get a lot more painful before it gets better sad to say
We been in a bubble for years
If the economy was ok a 0% or .25% cut would be good
It was .5% ; something’s wrong under the hood
Unaffordability crisis with lots living paycheck to paycheck

It’s like a perfect ground a financial collapse, all we need is a trigger it seems to kick it off

[jeffsmith]

The Benner cycle. It’s broadly informative. But I would argue that now is truly different for three big reasons: we are servicing an unprecedented national debt and are for all intents and purposes bankrupt as a nation; we are in an odd inflationary period both for its systemic and persistent effects; we are at the threshold of what economists euphemistically call an extraordinary exogenous shock to the economy in the form of two massive wars that are quickly becoming worse now.
This period I predict will be the straw that brakes the Brenner back.

[IA-xrde]

Thank you For this video ! The future seems uncertain as companies only want profits. I think the fed will lower the interest rates next year.

[lernerourtruegod]

Everyone keeps saying next year.. next year.. next year.. LMAOOOO. .I'd say it be picking back up again in 7 years.

[hwynightkid]

IMO, the ai boom hyped up .. but products and ways of working around gen ai etc are still forming.. leaving trad-companies in a lurch where they don't want to hire for the "old pre-AI" days... but not yet sure how to structure the company given the coming capabilities..

This too will pass.

I am about to return to USA and the bay area, am working in computer science with AI.. I sort of worry but in the end I know someones going to pick me and and be very lucky they did

[Sam-nnen]

really wish you predictions come true 🙏

[Gulpathfinder]

The rate cuts won’t help. They will only cause inflation to kick into high gear, which will make everything more expensive. Sure, more people will get hired, and employed folks may even get higher pay. But that won’t matter when prices increase at a more rapid pace.

Edit to add: There are ways for the government to slow or even reverse inflation while maintaining or improving our quality of life. But the solutions would not be politically popular, so we’ll likely never see them discussed in a serious manner.

Enjoy the decline, y’all! 🥂

[Opeth]

Second round of inflation is here . Bite down this will hurt

[aa-vbvh]

Benner cycle is a very infamous scam 😂😂😂