Post #1151122

or is there more going on? One idea I’ve read about (heavily developed by Ed Zitron, but also a few other news sources and commentators have put it forward) is that SaaS (Software as a Service) businesses were heavily over invested in expectation of basically infinite growth over the past decade. SaaS growth has exponential in its early days, but then various needs of the market were basically saturated, so SaaS companies squeezed more growth out cutting cuts or upping how much they charged, and now it is finally catching up to them. The AI hype means almost everyone tries to interpret everything the lines of AI causing it. The recent price correction in many SaaS companies was (mis)interpreted as the threat of vibe-coded replacements forcing them to cut costs. The SaaS companies trying to cut costs and going through layoffs is being misinterpreted as AI successfully replacing junior devs.