

Yeah, I wouldn’t consider this a sign of recession. Instead, it is the confluence of various structural changes in the industry.
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Because the industry was forced to work in a distributed manner, it has removed the location premium in a lot of salaries. Companies are firing high cost of living areas and hiring in lower cost of living areas.
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Outside of cost of living, total supply for developers has increased significantly.
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The return on investment for software development has either dropped or are starting to be included in more decisions. This is leading to development budgets getting slashed.
I would put it like this.
People on Lemmy would rather be right than affect change which would be in line with their beliefs.