David Sacks

No.

Software developers are not being laid off on net.

In fact, job postings, job recs for software developers are at a three-year high.

growing 15% year over year.

Now, why is this?

I think the explanation is really, really important, okay?

You look at code commits on GitHub, which is the leading code repository.

There were 1 billion code commits last year.

In the past month, there's been 1.1 billion.

So in other words- Make something easier, more people do it.

Right.

We have basically a 14x year-over-year increase in code generation.

That code has to be managed by somebody.

You still need humans to look under the hood.

And when the amount of code explodes and you get 10x or 100x more code, the complexity also rises as well.

So look, we're not hiring 10 times more engineers, but you do need more engineers now to manage all of that code.

The other thing that's happening is that there's been an explosion of the use of code across the economy by different businesses, different applications, and different use cases.

I'm hearing from people who are now...

hiring software engineers who never would have hired them before.

I was talking to a fund manager, and he said that his next two hires were not going to be data analysts.