Yep, this shows clearly how much tech overhired during and after COVID.
This is a correction.
Thousands and thousands of people went into tech because it was so “profitable.” This kind of hype happens every ten years or so and there’s always a correction.
The last one I remember was the coding bootcamp surge, which filled the industry with mediocre people looking for good-paying jobs. These booms and busts been happening my entire career!
Also, love to see people downvoting right away. Poor baby, did you go into tech at the wrong time?
The recovery recently for certain jobs makes me a little optimistic.
The slight recovery of “Software Publishers” and “Custom Computer Programming Services” is a good sign to me. The continued decline specifically of “Computer Systems Design” makes some sense too. They hired like crazy for that role, and unlike the programming or publishing roles, I think “systems design” is a more difficult position to hire well. It seems like a bad sign to me that so much of the over-hiring was for that role. Just hiring to hire. So that one might struggle for a long time but the Publisher and Programmer jobs will recover sooner.
I think a lot of companies jumped on the AI trend as an excuse to let go of people (and improve their short-term bottom line). Inevitably, they’ll need to hire again.
So a little shave off after a few years of massive growth.
Yep, this shows clearly how much tech overhired during and after COVID.
This is a correction.
Thousands and thousands of people went into tech because it was so “profitable.” This kind of hype happens every ten years or so and there’s always a correction.
The last one I remember was the coding bootcamp surge, which filled the industry with mediocre people looking for good-paying jobs. These booms and busts been happening my entire career!
Also, love to see people downvoting right away. Poor baby, did you go into tech at the wrong time?
Based on your experience, when will we get back to normal?
The recovery recently for certain jobs makes me a little optimistic.
The slight recovery of “Software Publishers” and “Custom Computer Programming Services” is a good sign to me. The continued decline specifically of “Computer Systems Design” makes some sense too. They hired like crazy for that role, and unlike the programming or publishing roles, I think “systems design” is a more difficult position to hire well. It seems like a bad sign to me that so much of the over-hiring was for that role. Just hiring to hire. So that one might struggle for a long time but the Publisher and Programmer jobs will recover sooner.
I think a lot of companies jumped on the AI trend as an excuse to let go of people (and improve their short-term bottom line). Inevitably, they’ll need to hire again.