Re:Learning to Reason with LLMs
by nickfromseattle on Thursday September 12, 2024 @04:55PM
(#41525471)
Plus the tax code requiring amortization of developer salaries over 5 years instead of the year the salary expense is incurred.
The big decline is driven by a few big factors. Two of which are 1- the overhiring that happened in 2021. This was followed by the increase of interest rates which dramatically constrained the money supply. Investors stopped preferring growth over profits. This shift in investor preferences is reflected in engineering orgs tightening their budgets as they are no longer rewarded for unbridled growth.