The tech industry experienced mass layoffs and budget cuts in 2022 that have many tech workers who were once flying high worried about job security. Despite the gloomy news, however, the labor market for tech talent continues to be strong. While big tech firms are making headlines for drastic cuts, tech talent remains in high demand across other industries.
For example, industries like finance, healthcare, government and automotive, all of which have yet to fully digitally transform, are hiring tech talent. The City of San Francisco—a verifiable tech hub that should, in theory, have unlimited access to tech talent—recently shared that its vacancy rate for IT workers is 21%.
For workers willing to look beyond big tech, well paid opportunities continue to abound. At General Assembly, we help people break into a career in tech so they can increase their wages and land a job with great benefits and working conditions—ultimately, improving their quality of life.
Despite today’s economic landscape, we still believe this is a path to prosperity and that opportunities abound for tech workers. In fact, not having a technical skill set could leave you less secure in your career going forward as everything goes digital.
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