What is really being done by the companies to deal with the shortage? And is it working?

On the corporate side, let us take a look. Businesses are scrambling and some of the tactics are intelligent but others are dubious.
✅ What Works

• Remote Hiring
  Firms access international sources of developers. This equalizes opportunities and provides jobs quicker.

• Upskilling Programs
  Some companies do not have to go on and on hunting perfect candidates, instead they train their existing employees. Internal training and bootcamps are miraculous.
• Adopting Low-Code Tools
  Low-codes deal with easy apps, and leave devs to complex tasks.

• Flexible Work Culture
  The fact that it is remote first, asynchronous, and more output-oriented even than hours, makes businesses appealing to developers.

❌ Where They Fail

• Chasing Unicorns
  I Rather than creating balanced teams, a number of companies seek a single individual to perform all. Spoiler: they don’t exist.
• Ignoring Global Fairness
  Other corporations take advantage of international recruitment where they pay low salary rates to offshore workforces. This provokes resentment and turnover.

Simply put: Adaptive and investing companies succeed. Firms that use programmers as code machines? They lose.