Insane number of low paying software jobs

hello viners, Want to know about startups which are doing AI based solutions in the manufacturing / process industry. which are the current big names and how does the future look like?

I am seeing a lot of layoff related posts everywhere from news articles to LinkedIn.. Is the Job market really that bad now? Or just the media is projecting that way? If it's really bad, which department you think is the most affected? How's layoffs specifically in India? Or is it layoffs in US but more hiring in India due to cost cutting? Are layoffs in technology/engineering dept as in for developers or some other departments? Your thoughts please..

-Online brands are expanding offline to achieve scale -Late stage startups are gearing towards profitability earlier than planned -Biz models built on behavior during Covid are struggling (like edtech) -Startups which got funded due to TikTok ban are struggling -Finfluencers are soon expected to struggle -Credit Fintech w/o NBFC license is a struggle -Very few consumer content startups frm India are seeing scale and profitability -RMG is struggling due to regulations -India focused creator economy startups finding it difficult to scale -PLG led Indian SaaS startups not able to cross $20M ARR -Some VCs finding it tough to raise without DPI -Public markets thrashing innovative/vanity metrics of pvt VC funded cos. and their pvt market valuations -Series B and beyond is tough, down round/flat round is now common - Deals happening at single digit ARR multiple for SaaS valuations - Web3 startups not getting funded - Most GenAI startups not able to build any defensibility - Most B2B Commerce startups are not able to increase gross margins or reduce NWC - CACs are ever increasing - Compliance issues at many startups - Layoffs to continue - startups which got funded in 2021, will soon be out of runway - no liquidity event for vested ESOPs in most Indian startups - secondaries happening at 35% discount in some cases - deal closure times have become 2x - less FOMO amongst VCs - More instances of M&A falling through

So, me and my good friend were casually discussing how crazy the job market is and how we are unable to get into a good job, especially when she has over 3YoE and is really good at frontend web development. She then casually asked me "Should we be really trying this hard to get into a job that we like, as I feel that AI will take over a big part of the IT workforce in the next 5 years?" Though we did have a friendly argument, I strongly believe that it still needs more time than that bcz IT jobs, especially we developers, are not just limited to coding. And given the fact that OpenAI is learning off of GitHub repos, which are basically code examples are averagely written code, not well written proficient ones. But, in General, what do you think about AI and how it is gradually dominating the IT sector ?

Hi All, As we have seen many startups are firing highly paid engineers and hiring for the same post with way less salaries. Is it only happening because the market is bad? Are these salaries going to be the new normal for engineers? Given that people are ready to take jobs even with less salaries. I wanted to know your thoughts.

Young SWE start with double digit salaries, while someone in Non tech will need 5-10 years to reach that level Even the business roles, the direct revenue generating roles don't pay good traditionally Funny how techies think everyone gets paid similar A lot of it changed with startups trying to acquire talent, but not sustainable Because the market simply doesn’t pay How do non tech compete with this skewed demand-supply chain?

Hiring for a bunch of roles for an early stage startup. Salaries of people who have been laid off is through the roof 2-3 years experience asking for 30-40l and while we chose not to judge the experience and spoke to a few of them, most of them are not even worth half of the pay. Many are jobless since last 2-3 months and none of them are willing to take a paycut of even 5-6L and are willing to stay jobless ( probably have a ton of savings ) Market correction is necessary. Roles : PM, software engineers, generalists

What does unemployment around you look like? Or if not around us, for people trying to come out of Tier 2/3 towns. These mass recruiters (behemoths like Capgmeni & Cognizant + TCS Infosys) are actually the gateway for many into a city life. In the absence of it, it's scary to think what they're up to.

When will the job market improve at start ups in India? What factors will drive the improvement? Job market = availability of jobs, better salaries, minimal layoffs