3 ms·
Do you think flooding the market with a lot of laid-off people is going to keep tech unemployment low?
by Apocryphon 4y ago
Do you think flooding the market with a lot of laid-off people is going to keep tech unemployment low?
- s1artibartfast 4y agoUnemployment rate in Tech and software development is still incredibly low, even lower than the general rate.
- Apocryphon 4y agoWhat is the rate you are citing and when was it calculated amidst all of this https://www.trueup.io/layoffs https://www.trueup.io/layoffs
- s1artibartfast 4y agoThe latest numbers I have are going into January 2023 which were 1.8% for tech.[1]. Per your link, there were 120k people laid off in 2023, and 240k laid off in 2022, so the 240k would already be baked into the numbers. Your link also shows that there are still many more openings than the layoffs, althought the difference is getting closer The number of "tech workers" depends on the definition used, but this grouping of BLS roles gives ~5 million workers from the US.[2] If every tech workers laid off in 2023 stays unemployed all year, that would only bump the Tech unemployment from ~1.8% to maybe 3.8%. But we know that isn't the case because there are tons of open positions. This is all very worst case estimates because many of the people laid off don't fall into the job roles I mentioned, they just work for a tech company https://www.prnewswire.com/news-releases/tech-employment-holds-steady-heading-into-2023-comptia-analysis-reveals-301715621.html https://www.prnewswire.com/news-releases/tech-employment-hol... https://www.computerworld.com/article/3542681/how-many-jobs-are-available-in-technology.html https://www.computerworld.com/article/3542681/how-many-jobs-...
- Apocryphon 4y agoGood to hear, hope it stays that way