Job Market — The Fuckening

The market called the upcoming lay off SaasPocalipse a secret meme group I'm part of called it way more appropriately The Fuckening

Mixed situation:

• Gartner says there won't be job loss but chaos during the shift.
• Jamie Dimon (JPM) also think there will be chaos.
• Marathon's founding partner is already noticing that nobody's hiring. This month Jack Dorsey laid off 40% of Block 3000 employees. Block is doing well financially, this layoff is driven by making the company leaner and faster.
• Anthropic: Labor Market Impacts of AI — 1. Massive gap between what AI could do and what it is actually doing. 2. Most exposed Jobs: developers (74.5%), customer service (70.1%), data entry keyers (67.1%). 3. Junior hiring decreased.

Antrhopic: Labor Market Impacts of AI research

Sources: Gartner, Jamie Dimond, Marathon, Jack Dorsey tweet, Moats blog post, Antrhopic - Labor Market Impacts of AI