Big Tech and AI Impact on Software Development Job Market

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Software development job postings have decreased by 30% due to big tech hiring less and shifting towards AI-related roles. Entry-level workers find it challenging as AI roles require more experience, potentially making entry-level positions redundant. This shift has led to people moving from tech to other sectors like healthcare or finance, impacting college graduates seeking tech roles. For instance, Rice University experienced a significant decrease in tech job opportunities. Unanswered job applications are causing frustration and lowering expectations among job seekers, raising questions about the value of a college education. Gen Z is turning to trade jobs that offer high salaries without requiring a college degree, a trend likely to continue as big tech and consulting firms reduce hiring.

Episode 327: Neal and Toby examine how the latest jobs report may look promising, but not particularly for college graduates who may struggle with finding a job. Then, good, bad, and ugly news: the cargo ship cleanup at the Baltimore bridge crash site, OpenAI is changing its voice, and Red Lobster files for bankruptcy, respectively. Next, Hims & Hers Health is getting into the weight-loss drug game with their Wegovy-like shots. Also, New Caledonia is a hot battleground for independence and nickel reserves. Lastly, Neuralink gets clearance for its 2nd patient.

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00:00 - Check out Brew Markets newsletter!

2:45 - Fresh out of college kids have it rough

7:00 - Baltimore cargo ship gets moved

9:15 - OpenAI ditches AI voice

13:00 - Red Lobster files for bankruptcy

15:00 - Hims & Hers makes their own Wegovy

18:45 - Nickel fight in New Caledonia

21:45 - Neuralink cleared for 2nd patient

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