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>The layoffs from mixed reality aren't all that surprising since lots of tech companies thought VR/AR was going to be the next hot thing and then AI popped up instead.

Yeah, to be followed by layoffs from AI when the next-next hot thing comes.


Always so surprising how its easier to hire new grads than to just redirect your existing staff thats already integrated into the process and culture to work on something else.
A few explanations:

- the "current hot thing" is usually something bogus that requires token effort (it's more about signalling to the market "we do that too") so doesn't need much experience until it actually gets real.

- the new hires are cheaper, while the existing staff was starting getting dangerously more senior and more jaded (and thus demanding more, and seeing through the bullshit grind culture more)

- the new grad hires also come familiar with the latest "hot thing" for free

New grads are cheaper

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