Really disappointing that @rxr+1ofgacnf didn't get more down-votes.
The reality check is a breath of fresh air.
In 2023: More than 161,521 workers in U.S.-based tech companies (or tech companies with a large U.S. workforce) have been laid off in mass job cuts, according to a Crunchbase News tally.
In 2022: More than 93,000 jobs were slashed from public and private tech companies in the U.S.
This is a TREND. Where do info tech workers shift to during mass layoffs? Do they go to a golden horizon where magical 'work life balance' lucky charms exist? Or do they greet people at Wal*Mart? I guess we'll find out. This has never happened before in America. Tech workers were the exulted ones. Now, third world labor and AI is making them obsolete. "Mom, can I move back home with all of my Funko Pop! figures and my gaming laptop?"
It's also a strange thing to watch Wall Street traders with forks and knives out buying up Nvidia shares to the extent that it's over a trillion dollars in valuation. They are REALLY excited about displacing all of that labor because of the upcoming corporate savings. It's a race to the bottom of course, but this is where we are today.
General Motors was never a tech company. It designs and builds CARS. Never forget that. Hooking a high voltage cable to a drive unit and a 1,000 pound battery doesn't make the car an iPhone or a PS5. IT services can come from Romania, Austin or Bangladesh. All things considered, managers will get a bigger bonus when they choose the lowest cost option.
IT SERVICE IS A COMMODITY.
*https://news.crunchbase.com/startups/tech-layoffs/