Posted on 10/17/2023 3:06:26 AM PDT by davikkm
Coding is becoming now just a part of a bigger job. Now you will basically have business analysts who code.
Learn to coal.
Per the National Income Identity:
Gross Domestic Product (GDP) = Government Spending + Consumption + Investment + (Exports - Imports)
Currently total government spending is more than 37% of GDP. Inflation and rising interest rates are causing Consumers to spend more for less, and the nation continues to run a sizable trade deficit.
Bottom line is there is very little GDP left for Investment.
Not only is there much less Investment capital for the Tech Industry, but growth of GDP is primarily a function of Investment.
To reduce Inflation, Interest Rates, and increase our Gross Domestic Product requires a significant reduction in government spending.
Additionally:
LinkedIn confirms it will cut a further 668 jobs, bringing the total to nearly 1,400 this yearStay safe in this volatile world! Best wishes.A comprehensive list of 2023 tech layoffs
"Tech layoffs in 2023 have hit hard, with over 153,000 employees in the US let go so far, according to Crunchbase. This is up from 93,000 tech layoffs in all of 2022."
Tech Companies That Have Made Layoffs in 2023
And ironically, through LinkedIn --- "A tech layoff tracker, Trueup.io, reported that approximately 106,950 employees across the tech industry lost their jobs in January 2023, making it worse than the combined job losses in November and December 2022 (50,573 workers and 40,368 employees, respectively). Big tech companies, Google, Microsoft, Amazon, Meta, Twitter, Salesforce, Cisco, Snap, and others have collectively laid off over 1,00,000 employees in the past few months and many believe more layoffs are yet to come."
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.