Skanda Amarnath

And so hiring is picking up there.

And if you're really trying to put it together, is this because... What is the macro fact that's driving this is not completely obvious.

But I think if I take one step back, it's...

Look, it's been a soggy labor market for that segment for about three years.

Basically, you had this sort of tech session of 2022.

You had basically, okay, the Fed is hiking, so therefore we need to be on watch for recession.

We overhired during the pandemic.

We need to slow down.

Then it became, well, this AI stuff is so risky.

Should we really be increasing headcount?

But like the actual cost of capital signal has long been signaling it's okay to spend.

I think there's actually a lot of risk that you lose a lot of knowledge to be able to orchestrate future solutions.

So you end up letting go of someone who is responsible for a key system.

You let it go of someone who's able to build the next set of things that actually leverage the technology.

I mean, it's not obvious to me that, like, who's most exposed to AI.

We don't really know, right?

Like, we don't know which kind of jobs are actually most exposed.

Oh, aha, these jobs are going to be the ones that are easily automated.

It may very well be the case that's the white-collar people who need to be actually executing a lot of the sort of how to take advantage of the technology itself.

So employamerica.org is a great place to go.