What happened after IBM stocks hit?
Four months ago IBM stocks suffered a huge hit after Claude Code demonstrated some COBOL AI capabilities.
The Tech industry has been also suffering mass layoffs dating back a few years after the pandemic.
I've seen the job market in my stack suffering a lot, I'm not receiving many offers (or any at all), and I have friends unemployed and unable to secure a new job for months (sometimes 6 or 8+ months waiting).
As someone that started learning about mainframe and COBOL just now, I wonder, how did you already in the industry have suffered or observed about these recent moves?
Have any of you suffered a layoff following this IBM stocks/AI COBOL announcement?
Have you seen mainframe/cobol colleagues suffering with the mass layoffs?
I've worked with many different programming languages for the past years, and I've been focusing in Go and Scala for the past 5 years.
I'm just starting with Mainframes and looking right after Cobol, I don't know why, but Mainframes and Cobol have been growing into me. Both Go and Mainframes are the only two things that made me feel the joy of programming again after a decade of work.
However, I do wonder, what do you think about the future in the Mainframe job market, or how it has been for you so far?