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Been wondering what’s going on with tech jobs during COVID? Check out my latest piece! Spoiler alert, there’s been no sign of bounce back yet.
1/ https://www.hiringlab.org/2020/07/30/tech-sector-covid19-impact/
1/ https://www.hiringlab.org/2020/07/30/tech-sector-covid19-impact/
While the overall postings trend recovery continues, the tech jobs trend has flatlined probably because of tech’s high cost of hiring and firing. Coronavirus continues to cloud long-term budgets with uncertainty. Hiring may not be a priority right now.
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But not all tech jobs have fared the same. IT operations and help desk jobs, while below last year’s trend, are doing a bit better than tech jobs overall. Widespread adoption of remote work can account for some of this.
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Geographically, the damage is vast. Tech postings are doing worse than job postings overall in half of tech hubs. The damage to tech jobs in non-tech hubs is even worse.
This is quite a change from last year (see @JedKolko's piece below). It looks like coronavirus may wipe out the gains that non-tech hubs were making.
5/ https://www.hiringlab.org/2019/04/18/tech-hubs-2019/
5/ https://www.hiringlab.org/2019/04/18/tech-hubs-2019/
This trend of tech jobs outside of hubs doing worse is evident across the types of tech jobs. Data science jobs, which were in hot demand last year, are especially hurting in non-tech hubs.
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On the job seeker side, there’s now more competition for tech jobs. This greater competition could spell a loss of bargaining power for tech workers if demand doesn't pick up.
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Some of the rising interest may be from tech’s widespread adoption of remote work during COVID. Case in point, Twitter's and Facebook’s permanent remote work announcements grabbed job seekers attention.
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So where does all this leave us? Tech is another example of coronavirus's massive economic damage - even the ‘unicorn’ sector isn't safe. If remote work in tech becomes the norm, the sector may have immense geographic diversification ahead.
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But if not? Then the coronavirus crisis could further cluster tech jobs in tech hubs. And with increased job seeker competition, tech workers might face dwindling bargaining power.
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