| My main issue with these types of articles is that "tech workers" != SWEs. Of the people profiled in this article: - 1 videographer - 1 "systems engineer" (not sure what this means, but doesn't seem like it involves programming since they taught themselves Python after getting laid off) And that's it. The article makes the point that the number of SWE job openings are way down, -50% YoY. It's clear that there is less slack at the moment. What's unclear is when it will become a full crunch. I heard the same thing in 2020 when I got laid off, and it took me __a year_ to get back on my feet. I speculate on why this was the case in Hard Truth #3 in a post I just published.[0] Good luck to everyone searching! It was a really rough time for me, but I learned a lot about myself and, as trite as it sounds, forced me to take a hard look at my skills and be more targeted in my outreach. Now I'm the happiest I've been in my entire career. Feel free to contact me if you need to vent, contact information in profile. [0] https://www.stevenbuccini.com/8-hard-truths-on-getting-laid-... |
Tech skillsets are in demand because there's a huge backlog of unfilled positions at non-tech companies (take a look at US DOL JOLTS reports for November). Non tech CEOS talk about talent shortages and flyover states have government funded programs to repatriate tech workers. The tech worker shortage is really hitting the bottom line for many non-tech companies who can't bring product to market, can't complete integrations or can't keep up with business demands (the problems at Southwest Airlines are what happens when you understaf IT for an extended time). If the DOL's numbers can be believed, barring GPT-4 making tech workers obsolete, you are still in a market where even with layoffs, demand will remain high for skilled tech workers (and not just SWEs).
All businesses are becoming tech companies, or are dependent on tech and looking for talent to move them from on-prem to the cloud, looking for talent to integrate SaaS tools with their existing systems and in many cases, looking to launch new tech enabled products. Most companies hire slowly (my company makes software to fix that), and so yes, if you get laid off, the average company will take 43 days to go from "Hi" to "Offer", so expect it to take at least a few months or more... but the prospects of a .com era style labor market collapse are minimal because the labor market is actually shrinking while demand for workers is growing (US DOL says this will be the case until 2045).