The End of the Golden Age: Software Engineering in a Post-Boom Tech World

For a decade, software engineering was a dream job: high salaries, great perks, and rock-solid job security. But the past two years have seen massive layoffs across the tech industry, shifting the landscape dramatically. This article argues that the shift stems from a change in economic conditions. Low interest rates fueled lavish spending and generous engineer compensation, but rising rates have prioritized profitability, leading to widespread cuts. While AI is often blamed, the author contends it's not the root cause. The new reality demands a focus on directly contributing to company goals; failure to adapt risks job security. While the pampered days are over, a focus on delivering value offers a clearer, if less glamorous, path to success.