Larry Myers

Daily Note

October 17, 2023

Here come more rounds of layoffs at big tech companies. The latest news is 700 people gone from LinkedIn, which is giving cover to Stack Overflow and Flexport laying off more people as well. There was just so much overhiring from 2019 - 2022 at VC driven tech companies. I don’t begrudge people chasing the money, it was the right move. Get paid while the market is good. I suspect the next 5-10 years will be more of a return to form for the tech industry where the bar gets raised back up a bit more and smart techologists with good systems thinking ability are paid to solve hard problems. The AI bubble is already inflating quickly, so we’ll see if the bubble and crash cycle accelerates.