5 days ago, HN had a long thread on a WSJ article [1] that stated tech jobs for fresh CS grads had dried up. I'm hearing the same from my nephew at Berkeley who's a talented programmer yet is struggling to get internships even after aceing coding assessments online. I'm confused as funding for startups remains similar to 2 years ago [2] and I suspect even large tech companies know that future tech leads must be built by nurturing CS grads. What am I missing?
[1] https://news.ycombinator.com/item?id=41591765
[2] https://news.crunchbase.com/venture/state-of-startups-q2-2024-charts/
They would've been hired easily by over-funded startups in previous years, but a lot of the money is now being raised by "AI" companies that are a thin veneer over external APIs or FOSS projects, so the number of developers needed is lower.
The huge layoffs over the last few years have also made experienced staff available and less expensive.