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Amazon, Block, and others have cut tens of thousands of jobs since January, with AI and automation cited as primary drivers of downsizing across the industry.
The market is pivoting from generalists to deep specialists. Entry-level positions dropped 73% while AI/ML hiring surged 88% year-over-year.
Silicon Valley engineers grapple with AI tools that build projects in days. CS enrollment is declining for the first time since the dot-com era.
Less than 40% of employees received a bonus last year. Meanwhile, the EU will require salary disclosures in job postings starting June 2026.
Hiring is stabilizing at 29% across European tech. Four forces are reshaping the landscape: AI demand, the entry-level collapse, ops transformation, and leaner startups.
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