@gimulnautti @nixCraft Never underestimate a managers belief that you can be replaced by a cheap alternative. Sadly, they also never see or admit that it was a bad idea.
AI is the new offshoring, unpaid interns, etc.
IBM layoffs were legendary and brutal in the 80s. Along with HP, DEC, and more. I was RIFF'd by Amdahl, Data General(both nineties) and SGI (noughties).
@nixCraft The companies on the graph are huge IT shops with massive amounts of bloat because they ride the hype cycle (to your point, the shareholders demand it both ways... hire people for what's hyped and fire those who aren't relevant).
Want a "stable" software dev job? Find a smaller privately-owned shop (not necessarily a startup) that respects their people and their work. You probably wont get to work on the bleeding edge, but you also won't get fired when the winds change.