Shaky Tech Talent Market Remains Hungry For Hires
CIODIVE, Friday, July 28,2023
The need for IT skills persists despite mixed signals emerging from the economy, leading executives to carry out response plans.
The tech talent market has thrown all kinds of mixed signals this year.
Layoffs this year have thus far outpaced 2022, according to layoff tracking site Layoffs.fyi, which began tracking job cuts in January of last year. Yet U.S. Bureau of Labor Statistics data shows tech employers increased headcount last month, and IT unemployment in tech remains far behind national averages.
While tech job market indicators typically oscillate month to month, the overriding trend this year has been uncertainty. However, the need for technology hires remains stable across industries.