City
Epaper

Tech jobs still hot in US amid mass layoffs, finds report

By IANS | Updated: January 27, 2023 10:46 IST

San Francisco, Jan 27 As tech companies continue to slash jobs, the demand for tech positions has not ...

Open in App

San Francisco, Jan 27 As tech companies continue to slash jobs, the demand for tech positions has not diminished in the US, with eight of the top 10 "best jobs" this year being technology roles.

According to data by job portal Indeed, the tech jobs in high demand are full-stack developers at the top spot, followed by data engineers, cloud engineers, senior product managers and back-end developers, among others.

Almost half, about 44 per cent, of the top 25 were tech jobs in the US market, reported CNBC, citing the data.

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, 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 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.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Julia coronadousgoogleSan FranciscoCnbcSan francisco bayWord on macWho dgMicrosoft incUs google & youtubeSk dua
Open in App

Related Stories

InternationalEarthquake in Russia: Quake of Magnitude 8.0 Strikes Kamchatka Peninsula; Tsunami Warning Issued

InternationalNASA Layoffs: 20% or 3,870 Employees to Exit US Space Agency

InternationalMichigan Plane Crash: 2 Killed After Small Aircraft Crashes Into Storage Facility Near Lowell City Airport in US

International'System-Wide Ground Stop': Alaska Airlines Grounded Over 200 Planes Due to IT Outage

International‘This Might Hit You Hard’: NATO Chief Mark Rutte's Warning to India, China, and Brazil Over Russia Ties Amid Ukraine War

Technology Realted Stories

TechnologyForeign buying of S. Korean stocks hits 17-month high in July

TechnologyGoogle says reviewing CCI order over alleged AdTech market dominance

TechnologyS. Korea likely to defer decision on Google's potential transfer of map data

TechnologyStates asked to undertake regular screening to tackle rising fatty liver disease: Nadda

TechnologyAgra-born man to fly on Blue Origin’s next flight to edge of space