It’s not hard to find job stats that suggest it’s a fairly grim market for tech employees.
TrueUp’s Tech Layoff tracker has logged more than 400 layoffs at tech companies so far this year, totaling nearly 100,000 people and amounting to around 500 people laid off each day. Consulting firm BCG released a survey in June of more than 10,000 leaders, managers, and employees and found that 41% of employees think their jobs will “certainly or probably” disappear in the next ten years. And in January, the World Economic Forum predicted that 92 million jobs would be gone by 2030.
But despite the ongoing staff reductions and job-loss fears, there are upsides in the market for tech talent. Artificial intelligence isn’t an automatic job killer, experts say, and in some cases, AI is expanding technical roles rather than simply shrinking headcount.