Almost 200k Job Cuts in Tech Pushes New Grads to Wall Street
FWIW, I think one of the chief challenges over the last 5 years is that “tech” became a fashionable, prestige job. Both because of the earnings potential and because of some “it” factor/cultural cache.<p>This led to an influx of people who would otherwise have gone into banking or consulting or other careers similarly targeted as “elite” professions when graduating from college and to an influx of people from those professions into tech.<p>I think it bodes well for the sector to have less of this prestige seeking- not because these folks aren’t talented, but because rebalancing the overall tech workforce towards a mix of talent is probably more healthy for people who value working in tech because it’s an area of genuine interest for them.