[trod123]

The economy in tech is dramatically bad.

The national unemployment was 1.5% in August. The tech sector was %7.0?. The tech sector has hiring freezes starting in late October thru to March. August is the peak hiring, and the tech sector unemployment was 7%, 4.6x the national average, and keep in mind unemployment statistics only account for a rolling window of about 18 weeks give or take.

By March, that unemployment rate for tech will likely be well above 10% of the entire sector. This is unprecedented, and the downturn started in 2022 (outside that 18 week window), jobs have not increased in that time.

Subjective measures from insiders have quite a large number of tech workers describing the vast majority of their professional networks as being out of work, roughly 70% of my network is currently unemployed, and I've a few thousand people, having worked in IT for a decade in important roles.

Its wrong to claim something that is unupported/false when all external and objective signs show a serious problem. Doing this resorts to magical thinking, and delusion; definitionally.