Indeed, with some new data on demand for workers, some areas of tech are down. Dec 31 to Oct 21 showed a 29% drop in job postings for Software Developers. That said, overall demand for workers is strong, 48.8% above the pre-pandemic baseline. The headline seems to be that tech-related job sectors are leading the job decline.
That said, Nearly 3 in 5 IT decision makers are actively looking for a new job, according to ManageEngine’s 2022 IT at Work survey released Monday.
And here’s an interesting data point. Oracle is avoiding hiring in major tech hubs to save money and cut labor costs. This coming from reporting by Insider.
Workers are scarce broadly, and in tech, some companies have probably over-hired. Specifically, this is tech from a development and product perspective, far less so than services. That’s my observation, and I’d observe then that customers themselves, short on people, are going to be interested in consuming technology services that help with that.
This content is made possible by community-minded viewers like you
Thank you
Join the Small Biz Thoughts Community