#TechJobMarket #CovidImpact #JobMarketTrends
Alright, let’s get real for a second and reminisce about the good ol’ days of the pre-Covid tech job market 💻🌟. Remember when finding a new job was as easy as strolling down the street to the next tech company? Those were the days!
But now, with Covid shaking things up, we’re left wondering – will the tech job market ever go back to the way it was before? Will we see those glory days again?
Here are a few things to consider:
– Overhiring during Covid: Some employers are claiming that they overhired during the pandemic, leading to a more competitive job market now.
– Remote work shift: With the rise of remote work, companies are no longer confined to hiring locally. This could impact job availability in certain areas.
– Skills in demand: Tech skills are constantly evolving, so staying ahead of the curve with in-demand skills could help in navigating the job market.
So, what’s the solution? Here are a few tips:
– Upskill: Keep learning and updating your skills to stay relevant in the job market.
– Network: Connect with industry professionals and keep an eye on job openings through networking.
– Adaptability: Be open to remote work opportunities and different job markets to increase your chances of finding a job.
What do you think? Will the tech job market bounce back to its pre-Covid glory days anytime soon? Share your thoughts! 💬🚀
The market goes in cycles over time, but I’m not sure anybody can really predict when things are going to go up or down very accurately.
No. The Cloud took over.
“Overall employment in computer and information technology occupations is projected to grow much faster than the average for all occupations from 2022 to 2032. About 377,500 openings are projected each year, on average, in these occupations due to employment growth and the need to replace workers who leave the occupations permanently.”
[https://www.bls.gov/ooh/computer-and-information-technology/home.htm](https://www.bls.gov/ooh/computer-and-information-technology/home.htm)
Eh. There is a confluence of issues right now. During Covid recovery companies over hired.
Two things will have to change:
1. Interest rates will have to drop. Companies that scale up quickly and hire are startups. Without that extra head count, companies will keep trying to drive down wages.
2. Companies are going to have to see the real cost of AI. CIOs are selling AI as a huge cost and time saver. The reality of it needs to settle in. That will take a few quarters.
I doubt it.
The overall IT/technology market is will continue to grow, no doubt about that. But we have more people joining the IT industry every day. And now with the advent of remote work, companies are essentially free to hire whomever they want regardless of where they live in the world.
It used to be a Silicon Valley company (for example) had to find and acquire talent locally in the San Francisco / San Jose area. Now with remote work, they can hire people all over the world… Mexico, India, Korea, whatever. So even though the overall industry is growing, the overall potential talent pool is also increasing.
I do think if there was a major pull-back on remote work for whatever reason, it could potentially return to pre-Covid times. But I just don’t see what happening. Employers like it because labor is obviously cheaper outside of the HCOL areas where they are headquartered. And us employees have shown that we also *really* like remote work, even if it in the long-run it means we have more people to compete against when job hunting.
I can walk next door and get a job. Skills that aren’t in demand aren’t going to become in demand again
You have to adapt with the market
There seems to be a large amount of jr to almost mid-level people causing a lack of options, however there are more upper end jobs than ever. They can’t find anyone either.
It’s about perspective.
Big tech companies are probably never going to go on the hiring sprees they were on back them. They’ve changed from growth companies to mature companies. The only thing that is going to start a cycle like that again is a bunch of new companies rising to replace them.
It depends on interest rates really. We had a decade of incredibly low interest rates. I doubt that will happen exactly again. That said there are still more people in tech than before covid. It’s still a well paying sector.
Personally for me I still think it is better than before covid because I can get well paying remote jobs now, and I couldn’t then.
I’d argue it’s on track to be similar to pre covid before too long.
IMHO though most people normalized/ baselined the period during the height of covid when everyone was hiring like crazy so questions like this equate back to times where folks were getting hired with no experience, spending 2 months at entry then trying to jump up assuming that in a year or two they’d be a senior making six figure, remote, with a secretary and a private valet
The general tone of this sub is worse than 2018-2020 but honestly it doesn’t seem all that different. People complain that it’s impossible to break in, that it’s impossible to move up, that it’s impossible to study for 20 hours a day and have a family, etc. and honestly I’m not saying it’s worse but it doesn’t feel magnitudes worse then 5+ years ago but it does feel much worse then the COVID boom
I changed jobs in 2018, 2022 and about six months ago but then again I’m a mid/senior level person but have kept a fairly close eye on this sub throughout
I thought it was good till they raised interest rates. Hell even in July 2022 I had a recruiter a day hitting me up. It was wild.
To be honest I am surprised the job market is as good as it is with interest rates where they are. And trust me a lackluster job market is better than them dropping rates. Because if they do … inflation is going to crack off HARD!!!
Not as long as offshoring work is allowed.