I feel saying that the industry is imploding is an exaggeration. We are just having a room cleanup period. - Crypto/ML startups built on promises - Companies

I feel saying that the industry is imploding is an exaggeration. We are just having a room cleanup period. - Crypto/ML startups built on promises - Companies built on the latest buzzword (LLM startups will have their Judgement Day by 2027 latest) - Companies giving crazy high salaries to inexperienced people straight out of bootcamps - Companies spending crazy money on "perks" such as free food and in-office entertainment - Companies paying big bonuses to all tech employees - Companies overhiring so that the competition remains understaffed Money is not free anymore. Everyone is looking where the pennies go. Companies have behaved like your average Amazon customer and have filled their companies with subscriptions they don't really need (see overhired employees, perks, high salaries). Belt tightening is the mood.