I might have to dig into how they control for the slowdown in tech hiring. I don’t think it can be overstated how much the culture in tech has shifted from 2022 where companies would brag about how much they were growing to boost investor confidence to now where companies are bragging about how lean they are. The headcount of big tech has not grown in 3 years.

I am a senior software engineer. I think AI absolutely has a huge impact, where it can both augment the workflow of certain tasks and automate some entirely (or 95%). But when I see that we are hiring fewer juniors at my company, it seems almost entirely explainable by industry trends and almost entirely unrelated to AI productivity boosts.

The dirty little secret is that coding is the least important part of the job for most software engineers. The other dirty little secret is that even if every software engineer became 50% more productive, there would still likely be more work to do, at least at my company.