Your Software job will vanish soon...

• You thought the tech industry was your golden ticket, didn't you? Well, think again. The era of 0% interest rates is over, and it's about to get ugly for software engineers in India.
• Remember those days when startups were popping up like mushrooms after rain? Those days are gone. With higher interest rates, venture capital is drying up. Good luck finding a job in a new startup.
• Think you can negotiate a fat salary package? Dream on. Companies are tightening their belts, and you should be grateful if you even get an offer.
• Career growth? Forget about it. Promotions will slow down, and you'll be stuck in the same role for years. Welcome to the new normal.
• Performance expectations are skyrocketing. If you can't keep up, you're out. Job security is a thing of the past; it's all about career security now.
• The cloud and smartphone revolutions made it easy to launch startups. But now, with higher interest rates, even these innovations can't save you. The tech landscape is shifting, and not in your favor.
• The job market is flooded with experienced engineers who have been laid off. If you're a new grad or early-career developer, you're in for a brutal fight. The competition is fierce, and the odds are not in your favor.
• Companies are no longer willing to sponsor visas or pay for relocation. If you're dreaming of working abroad, you better have a niche skill set that no one else has.
• The days of 'making room' for standout candidates are over. If there's no headcount, there's no job for you. Period.
• Attrition rates are dropping, which means fewer job openings. People are clinging to their jobs for dear life, and you should too.
• AI and large language models are the new hope for efficiency, but don't hold your breath. The impact is still uncertain, and it won't be a magic bullet for your career woes.
• In India, the tech industry is feeling the heat. With fewer jobs and more qualified candidates, it's a buyer's market. Companies can afford to be picky, and you better bring your A-game.
• So, what's the takeaway? Brace yourself. The tech industry is no longer the land of milk and honey. It's a battlefield, and only the strongest will survive.

Source: The Pragmatic Engineer