this post was submitted on 22 May 2025
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Programming
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A big part of the changed software job market in the US is caused by the rise of interest rates, and in consequence a large part of high-risk venture capital money drying up. This was finsncing a lot of start-ups without any solid product or business model. And, this began very clearly before the AI hype.
The trope that AI is actually replacing jobs is a lie that AI companies want you to believe.
Companies are also using AI to mask layoffs. "Yeah we dont need as many employees because AI can do their jobs better. Please shareholders, buy more stock and ignore our numbers!"