Despite widespread layoffs, tech jobs remain popular in US: report
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San Francisco: Eight of the top ten "best jobs" this year were in the technology industry, demonstrating that demand for tech positions has not decreased even as big businesses continue to lay off employees.
Full-stack developers are in high demand for tech jobs, according to data from the job site Indeed. They are followed in popularity by data engineers, cloud engineers, senior product managers, and back-end developers.
According to data cited by CNBC, nearly half (about 44%) of the top 25 positions in the US market were in the technology sector.
All jobs on Indeed's annual list "pay annual salaries that are above the national average".
At least 10 per cent of advertised positions offer remote or hybrid work.
Industries like retail, finance, professional services, travel, government, aerospace, and health care are looking for people with tech skills.
The report came as tech firms like Google, Amazon, Meta, Microsoft, IBM, SAP, Salesforce, Spotify and others announced mass layoffs.
European software giant SAP joined the parade of tech companies laying off staff, announcing on Thursday that it was cutting about 2,900 jobs after the iconic US tech company IBM said it was slashing about 3,900 jobs.
Deeper layoffs are coming in 2023 as most business economists have predicted that their companies will cut payrolls in the coming months.
According to a report in CNN citing a new survey, only 12 per cent of economists -- surveyed by the National Association for Business Economics (NABE) -- anticipate employment will increase at their firms over the next three months, "down from 22 per cent this fall".
This is the first time since the early days of the Covid pandemic that more business leaders anticipate jobs shrinking at their firms.
The findings indicate "widespread concern about entering a recession this year", according to NABE President Julia Coronado.
More than 70,000 employees have been sacked by over 166 tech companies this year to date.
With inputs from IANS
