Is FAANG done growing headcount forever?
All of the big boys are still on freeze or layoff, with some rare exceptions for backfill or critical teams. With the efficiency pushes recently it’s easy to see how they could just maintain headcount for decades and be fine. Is the era of mass hiring from FAANG done? This would be a huge blow to attractiveness of CS as a field
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Yes it’s over
It depends if they can build more businesses or not.
Those days of massive hiring are over for most tech companies, the pick between 2020-2022 was an aberration, once corrected it will not be repeated again.
It will be repeated again, the question is simply when. Might not be again this generation. But it will indeed happen again
They’ll be hiring again, but 2020-2022 was the kind of surge you see once every other decade at most.
Hundred years. Takes a pandemic to get rates that low without it necessarily being a recession, also to get people indoors and spiked demand for software products.
If tech isn’t relevant anymore.. what’s next big thing then?? First answer that before making assumptions
The current FAANG giants like meta and Google don’t have a ton more room to grow (they already service most of the people in the world who have internet access). However new FAANG companies can always emerge and have tons of growth potential. And existing FAANG companies that are not as large, like Netflix, can expand and service way more people. Seems like companies like Meta and Google don’t really focus on capturing new users anymore (because they pretty much already have all available users they can get). Rather, they focus on adapting, evolving, and diversifying to retain users across many different areas
Huge bet on NFLX considering it’s trending down and all the streaming competition now. Disney will likely emerge the winner of the streaming wars like it does for all other types of media.
Fascinating to see Meta calling Netflix a possible winner. I actually think the current writers strike + streaming saturation + threat of AI drives the professional content production business downwards. Gaming could be a bright spot but it’s capital intensive and tons of incumbents and competition in the space. TikTok and Instagram have an opportunity to capitalize on the battle for users attention. There’s an endless stream of content and no striking happening there.
Not really. There's still a lot of work to be done.
Hiring and firing is the normal flow
This is the way.
Gotta learn to adapt to the flow