Wonder why the waited until after the layoff train was over.
While I do believe AI (imho shorthand for LLMs and Diffusion models) has a lot of potential, it's main function has been to reignite irrational exuberance in the tech industry.
I work in this is space and I'm very curious how long the mania can hold out, and even more curious what the consequences will be for the people seriously working on AI when it dies down.
Layoff didn't stop because a correction had finally concluded, but because investors snorted another line of hype and were happy to throw their money around again and pretend everything is fine.
The come down from this, I suspect, will be pretty rough (but hey, if I'm wrong it's great for me).
You could look back after any market downturn leveled off and lament that it’s surely doing to happen again. And of course it will.
I’ve also read in a few places that hiring is picking up.
Lucidchart just had a layoff this week.
And Qualtrics is rumored to have one soon.