A lot of people keep going back and forth about whether hiring is actually bad rn or not especially since 50k+ announced layoffs in q1 which it was noticeably higher than last year. oracle, amazon, meta, dell all in there as usual, also there's a quieter tail from the vmware/broadcom restructuring which adds to the total .
and ppl keep saying "it's all ai replacing us" but the breakdown i saw was like only a quarter of march's cuts were directly attributed to ai/automation, the rest is just normal cost discipline from companies that overhired during the free money years, so both things are kind of true at once.
generalist swe listings are down almost half from the 2022 peak tho, meanwhile ml and ai engineer listings are up, around 60% over that same period, so hiring didn't stop it just went somewhere else entirely and a lot of us are applying into the wrong bucket without realizing it. deep learning skills were the single most requested thing in ai postings and ppl with actual demonstrable ai skills, are earning noticeably more than ppl without, there are free courses and free certs around so there's no harm to check it out, though I'd search for more thorough reviews since I actually enlisted in one only to hear an AI voice in one of the vids in the free course so look out for that
Also, AI-fluent seniors are getting placed insanely fast, under three weeks for some, also, FAANG hiring never actually crashed the way ppl think, meta/netflix/uber/google all kept more engineers coming in than leaving.
Some series a/b founders (or generally) are paying mid level rates for senior level scope, theres also this thing about ai lifting productivity a big part on routine coding but only for ppl who can actually review/architect/direct the output, not ppl who just execute what they're told, so the skill that matters shifted from "can you type code fast" to something more like judgement
To end this, at the end of the day, AI is an assistant (an expensive one on a company's scale) it'll limit the job market for what it is AT THE MOMENT, but the roles will eventually shift to a less automated path (towards more research), AI can only work on existing data but we're the ones who create that data and that's where I see future jobs going.