Will oversupply of developers and layoffs lead to slower promotions and lower salaries?
With fewer openings, more people entering tech, and continuous layoffs in many big companies, do you think this will become the new normal for the IT industry?
Feels like companies now have more bargaining power:
- Delayed promotions
- Smaller salary hikes
- Lower salaries for new job openings
- More competition for every role
Are others also seeing this trend in their companies and job searches?