Tech Industry Job Forecast

This image is two truths and a lie. Companies are hiring fewer software and data engineers - TRUTH. Tech layoffs are higher than at any other time - TRUTH. Hiring in tech is falling off a cliff – NOPE, 6,000-7,000 NEW TECH JOBS ARE BEING CREATED EVERY MONTH. Hiring priorities have shifted to people who build products vs. write code. Businesses are desperate for people who deliver apps, information, and agents. At the same time, they’re laying off and refusing to hire people who write code, manage data, and train models. Images like this one create confusion about the job market. Knowing how to build used to be enough. Landing a job today requires knowing what to build and why. It’s critical to understand three processes: Productization: Discovering a business or customer need, defining the optimal feasible technical solution, delivering that solution incrementally to users, and leveraging feedback to continuously improve the solution. Monetization: Assessing the opportunity (how much money/impact on KPIs is there in meeting a business or customer need) and designing a product that delivers value back to the business. Commercialization: Designing a technical solution for a business or customer workflow and fitting it to the way a user segment(s) expects it to work so they’ll adopt and pay for it. This is a response to all the surveys showing that most technology organizations are cost centers and that most technology initiatives fail to generate positive returns. Businesses are filling their technical teams with partners who can change that. Demand isn’t falling; it’s shifting. Business leaders have a new understanding of their technical talent needs and are rebalancing teams to be more value-centric. Images like this haven’t adapted to that shift, so it looks like the sky is falling when it isn’t. Adapt your career to the shift, and you’ll have plenty of opportunities over the next 5 years.

What trends will shape India’s tech job market this year? Here’s my take: 1. The remote revolution continues: The hybrid work approach, which combines office and remote work, is projected to endure. Companies are embracing remote-friendly employment, creating chances for people across geographies. 2. Skills in High Demand: The demand for data engineering, AI, blockchain, and cybersecurity is increasing. Professionals with knowledge in these areas are expected to enjoy more lucrative employment opportunities and higher demand as firms pursue digital transformation. 3. Innovation Hubs Are Redefining Landscapes: Emerging technology clusters are reshaping career opportunities. Cities and regions that place a high value on innovation and technology are becoming job creation hotspots, attracting both individuals and businesses. 4. Digital Transformation Across Industries: Industries are leaning heavily into technology, leading to a rising demand for IT experts. As businesses strive for digital transformation, professionals skilled in implementing and managing tech solutions will be in high demand across various sectors. 5. Upskilling as a Priority: The rapid evolution of technology necessitates continuous learning. Upskilling and staying current with the latest trends and technologies will be essential for professionals to remain competitive and relevant in the ever-changing tech landscape. 6. Focus on Cybersecurity: With the increasing reliance on digital platforms, there's a growing need for cybersecurity experts. The constant threat of cyber-attacks makes cybersecurity a critical aspect of any tech-driven organization, leading to a surge in demand for professionals in this field. 7. Artificial Intelligence Integration: AI is becoming more integrated into various business processes. Jobs related to AI development, machine learning, and data science are expected to see significant growth as companies seek to leverage the power of AI for efficiency and innovation. 8. Sustainability Tech Roles: As sustainability gains prominence, there's a rising demand for tech professionals who can contribute to green and sustainable practices. Roles related to developing and implementing eco-friendly technologies may see an increase in demand. The tech #job market is evolving rapidly, driven by #remote #work trends, a focus on key #technologies, the emergence of innovation hubs, digital transformation across industries, and the imperative for continuous upskilling. Professionals who adapt to these trends and cultivate in-demand #skills will find themselves well-positioned in the dynamic world of technology careers. #TechWrapIndia #JobsonTheRise #LinkedInNewsIndia LinkedIn News India LinkedIn News

🚨 Attention Corporate IT Professionals! 🚨 Facing uncertainty in the tech job market? Here's what you need to know: 🔍 Job Drought: Recent reports indicate an unprecedented hiring slump in the tech sector, with a staggering 40 to 50 percent drop in hiring for the current fiscal year (source: Xpheno). Major players like Infosys and Tata Consultancy Services (TCS) have notably skipped campus hiring for two consecutive years, exacerbating the challenge for entry-level positions. 📉 Attrition Rates: Attrition rates in the IT and ITES sectors have plummeted from 27 percent in 2022 to 16-19 percent in 2023 (source: Industry Reports). This decline suggests a stagnant job market, with fewer new opportunities and a slowdown in employee turnover. 💼 Decline in Hiring: Data from leading job portals reveal a significant downturn in hiring for software companies and start-ups, with a staggering 78 percent drop in hiring for software companies and a 73 percent fall for start-ups over the last two years (source: Industry Reports). 🔮 Future Prospects: Projections for the IT sector's revenue growth have been revised downwards, with estimates suggesting a growth rate of only 3.8 percent in the current fiscal year, down from 8.4 percent in the previous year (source: Nasscom). This underscores the need for resilience and adaptability in navigating the evolving landscape. 🤔 Next Steps: In the face of these challenges, it's crucial for IT professionals to stay proactive and focus on upskilling. Exploring diverse career paths and remaining agile in adapting to market dynamics will be key to weathering the storm. Stay informed, stay agile, and keep learning! Source: ‘From sunrise to sunset? India’s IT sector loses shine as jobs dry up’ in The Hindu. Link in the comments.

India’s Tech Hiring Trends 2025: What Roles Are in Demand? India’s job market in 2025 is being shaped by a wave of technological transformation. From startups to global firms, organizations are reimagining their workforce, driven by the rapid rise of AI, cloud, and cybersecurity. For tech professionals, this is not just growth—it’s an inflection point. Here’s a quick dive into what’s driving demand and where the opportunities lie: What’s Fueling Tech Hiring? AI Isn’t Just a Buzzword AI/ML Engineers are in high demand, with a 75% surge in hiring. Skills in LLMs, GenAI, and model deployment are game-changers. Cloud Is the New Normal Cloud Architects, DevOps Engineers, and SREs top the hiring charts. AWS, Azure, Kubernetes, and Terraform are now core skills. GCCs Expanding Fast Global Capability Centers are scaling tech teams across Bengaluru, Hyderabad, and Gurugram—especially in engineering, product, and data roles. Cybersecurity as a Priority With rising digital threats, Cybersecurity Specialists and CloudSec Engineers are now boardroom hires. Full-Stack Builders in Demand Companies are looking for developers who can ship scalable, cloud-native platforms using React, Node.js, APIs, and microservices. Hottest Tech Roles in 2025 AI/ML Engineer – Python, LLMs, GenAI Cloud Architect – AWS/Azure, IaC, K8s Data Scientist – SQL, Python, BI tools Cybersecurity Specialist – CloudSec, SIEM, SOC Ops Full Stack Developer – React, Node, Microservices DevOps/SRE – Docker, Terraform, CI/CD Generative AI Developer – LangChain, Prompt Engg, OpenAI Rising Roles to Watch Prompt Engineers LLM Integration Specialists Edge Computing Developers Robotics Engineers HealthTech AI Specialists GreenTech Data Experts India’s Tech Hotspots Bengaluru – AI/ML, DeepTech Hyderabad – Cloud, Biotech Gurugram – Fintech, Security Pune & Chennai – Mobility, Embedded Tech The Skills Gap Only 43% of tech graduates are job-ready. Companies are doubling down on practical upskilling, certifications, and industry exposure to bridge this gap. Final Thought 2025 is India’s deep-tech moment. Whether you're a job seeker, builder, or hiring leader - AI, cloud, and cybersecurity are where the future is being written. Let’s connect. Drop your thoughts or hiring insights in the comments.

Yes, the tech job market is still expected to have an upward trajectory in 2024. Here’s the data. 📈 2023 was an interesting year. Looking back, it’s easy to focus on the challenges—global economic slowdown, a looming threat of a recession, the Russia-Ukraine war, and mass layoffs at many of the big tech companies dominating the headlines. Yet, as we step into 2024, I think it is time to reflect on some of the good news and share some optimism for the look ahead.  Let’s start with the fact that despite the high-profile layoffs last year, the overall tech industry added 240,000 jobs, a 50% increase from the previous year. The momentum didn’t stop there: in March 2024 alone, we added another 203,000 jobs in the tech sector. The IT unemployment rate held steady at 2.4%, which is considered full employment by any measure. Here are a few more uplifting insights: 🖥️ The $245-billion IT services industry has implemented salary increases ranging from 10%-15% for specified roles, a testament to the positive outlook for compensation (TechFair.com). 🖥️ Net tech employment spanning tech industry and tech occupation employment, now totals over 9.6 million workers (CompTIA).  🖥️ 61% of tech managers planning to hire for new roles in 2024 (TechFair.com).  These statistics are not just numbers. They represent opportunities, growth, and the resilience of our industry. I hope you find these insights and our full IT Labor Trends report (linked in the comments below) helpful in navigating the labor market and informing your hiring and retention efforts.  Let’s keep pushing forward, embracing challenges and opportunities alike.  #Dexian #TechIndustry #Leadership #Innovation #CareerGrowth #TechTrends 

Slowdown in tech hiring in 2024? Net tech employment in the US: 9.6 million workers in 2023 Up by 1.2% increase from the previous year. The demand for skilled tech professionals is still high One clear indicator of this? A projected growth of 3.1% in net tech employment, reaching 9.9 million workers in 2024. Why does this matter? The tech industry is driving the economy, contributing 8.9% to the U.S. GDP, which translates to over $2 trillion. But, where's the most significant growth in tech likely to be from? Top growth areas for 2024: → 5.5% Data Scientists and Data Analysts → 5.1% Cybersecurity Analysts and Engineers → 4.8% Software Developers and Engineers → 4.3% Software QA and Testers → 4.3% Computer and Information Research Scientists → 3.6% CIOs and IT Directors → 3.6% Web Developers → 3.6% Web and Digital Interface Designers The interconnected nature of tech — software, applications, infrastructure, hardware, data, support operations, and cybersecurity — means job growth is happening across the board. The takeaway? Tech isn’t just a sector; it’s a powerhouse driving economic growth and innovation. There could be rough patches temporarily, but for people working on enhancing their skills in tech, there are no limits to growth. #tech #growth #USjobsdata #techhiring

A friend recently asked me about the hiring landscape for AI/ML roles in the U.S. tech market. Given the rapid evolution of AI, I wanted to share key insights into where the industry is headed in 2025. 🔹 Job Market Growth ✅ AI-related job postings peaked at 16,000 in October 2024, signaling massive hiring demand and continued growth in 2025. ✅ The global AI market is projected to reach $1.59 trillion by 2030, with the U.S. AI market expected to hit $299.64 billion by 2026. ✅ While the Bay Area remains the top AI talent hub, other regions are catching up, fueled by hybrid and remote work opportunities. 🔹 Top In-Demand AI Roles 🎯 Machine Learning Engineers – Still the most sought-after AI role! 🎯 AI Engineers – Building and implementing AI tools is a key focus. 🎯 Data Scientists – Estimated 20,800 new job openings per year. 🎯 Emerging Roles – AI Ethics Specialists, AI Research Scientists, AI Product Managers. 🚀 New future roles in Agentic AI: AI Agent Orchestrators, Agentic AI Developers, and AI Agent Trainers are gaining prominence as autonomous AI systems evolve. 🔹 AI Expansion Across Industries AI adoption is skyrocketing beyond traditional tech, creating new opportunities in various sectors: 🏥 Healthcare – AI-driven diagnostics & drug discovery 💳 Finance – AI-powered fraud detection & risk assessment 🛍 Retail – Personalized AI shopping experiences 🚚 Logistics – AI-optimized supply chains & automation 🔹 Skills That Will Make You Stand Out ✅ Python & AI Frameworks (TensorFlow, PyTorch) ✅ Interdisciplinary AI Skills (AI + domain expertise) ✅ NLP & Computer Vision (Future-proofing your AI career) 📈 Future Outlook The World Economic Forum predicts a 40% increase in AI/ML specialists by 2027! 🚀 Expect rapid growth in roles like NLP Engineers, AI Ethics & Bias Analysts, and Computer Vision Specialists. If you're navigating the AI/ML job market, now is the time to upskill, network, and seize opportunities in this booming space! 👉 What hiring and industry trends are you seeing in AI/ML? Drop your thoughts below! 👇

There is a lot of talk about how (or if) the latest generation of GenAI will shift the job landscape. My predictions 1. Highly skilled people are about to get massively more productive, like 10x or more. This applies to developers, designers, product people, etc. If you have talent, taste and understanding you will be more than fine. 2. Medium skilled/talent people will get significantly better if they partner with AI. There have been some research from Wharton and Stanford I've seen that a significant improvement in the quality of work when these people partner with AI. This will be a huge boon to companies outside the tech epicenters where it can be harder to hire "A players." 3. Low skilled, slow learning and tragically many junior folks will struggle to find work in the tech industry. Right now companies are freezing headcount right and left. Many are doing layoffs. I think this is very premature, as most don't really understand what GenAI gets us, but I think it's inevitable. Some of the folks on the cutting edge of AI are arguing that we should see this as a booster, not as a cost cutting opportunity, and to not fire people but to supercharge them. I doubt most companies will make this very wise decision. The quality and productivity boost could make a huge difference in their ability to compete. This prediction is based on the state of the technology right now, with the caveat that it's changing quickly. Also, I wrote this without AI. Because I can.