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Sep 12, 2024
3:35
:11
pm
novacoug1
Political Junky
Chatgpt is a big factor but probably not the only one
Another is high interest rates meaning cash flow negative longterm growth bets have had to cut back their burn
If you look at the FED data on developer hiring it's a big upside down U with the peak in 2022 and a collapse since
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novacoug1
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novacoug1
Joined
Jan 31, 2012
Last login
Sep 20, 2024
Total posts
10,389 (30 FO)
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Messages
Author
Time
Employment in the Austin TX tech industry has taken a hard downturn lately
Cougrrrs Roll
Sep 12, 1:01pm
Hasn’t there been a massive decline in real estate from the peak there too?
RdF3
Sep 12, 1:01pm
Don't know if it is massive but there has been a decline in RE prices
Cougrrrs Roll
Sep 12, 1:18pm
Let’s see what city next gets destroyed by Californians. Just a plague. Boise
Chefcurry
Sep 12, 1:04pm
Why would they move out of Austin because of cost but still be happy in Silicon Valley?
cheezedawg
Sep 12, 1:10pm
Who said they were happy with Silicon Valley? I was going to ask where a lot of these were planning to move, e.g.
hamaca
Sep 12, 1:18pm
Don't know where the tech companies plan to move to
Cougrrrs Roll
Sep 12, 1:22pm
I havent seen an exodus from Silicon Valley like OP is describing in Austin.
cheezedawg
Sep 12, 1:26pm
Ah, you were comparing those leaving Austin for elsewhere with those currently in Silicon Valley staying put?
hamaca
Sep 12, 1:32pm
Yeah
cheezedawg
Sep 12, 2:04pm
From what I've heard
novacoug1
Sep 12, 1:28pm
Is that right? ChatGPT is great, but I feel like it seems like it should make me
RoboKayne
Sep 12, 3:13pm
Chatgpt is a big factor but probably not the only one
novacoug1
Sep 12, 3:35pm
I live in Austin and work in the tech industry and haven't heard about widespread layoffs at any
Skeptical Optimist
Sep 12, 2:12pm
Oh, and Oracle recently announced they were moving their HQ from Austin to Nashville
Skeptical Optimist
Sep 12, 2:14pm
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