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this post was submitted on 13 May 2025
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It is, at least in my experience. Further, my recently laid off colleagues have been trying to find work for months, some of whom have been applying for jobs that would require pay cuts, with no luck.
Pretty much every job listing in the tech space gets hundreds if not thousands of applicants because the layoffs have not stopped for three years. You can see what I mean at layoffs.fyi. In tech, 60,000 so far this year, 153,000 in 2024, 264,000 in 2023, and 165,000 in 2022.
That's not even counting those that graduated in the last couple of years. Those people are in an extra bad spot because they have a large amount of college debt with no way to make their payments.
All of STEM is suffering because of corporate greed and rising anti-intellectualism.