What happened at Block will likely happen everywhere else - companies now find themselves with an overstock of talent, and they are not structurally ready to absorb additional capacity.

People will achieve more with less - but this also opens the doors to building entire new businesses.

Some folks are under the mistaken impression that our industry builds careful, handcrafted solutions.

Most of the software industry was slop already. AI solutions are an improvement over the previous low quality slop.

@Migueldeicaza How do we know their layoffs are directly caused by LLM efficiency gains and not simply correlated?
@djh I don’t, but it doesn’t surprise me. The last three months are a whole different game than 6, 9, 12 months ago