A new ADP Research Institute report shows employment for software developers has declined from January 2018. Data elsewhere show fewer opportunities for people to fill software development and tech roles after the US labor market is no longer as hot as it was a few years ago.
“The tech job market has undeniably slowed since the end of 2022, cooling after a few years of rapid hiring during the pandemic recovery,” Daniel Zhao, Glassdoor’s lead economist, said in a written statement. “Rising interest rates, the end of pandemic-era trends and a slowing economy overall has crimped demand for tech workers.”
If you hear about a job being in demand, then it’s too late to get into it, those news will always only be good for those who are already in the field, by the time you make it through 5 years of uni, you will be competing against hordes of people who did the same in a demand bubble that’s bursting or deflating.
Right now cybersecurity seems to be having a soft boom, if you’re in it you’re good, take it easy and maybe do a cert and diversify skillset, if you’re not, don’t bother.
Same with data science/ML which I would assume is going to have a large boom soon (or already had? Last I remember anyone talking about it was Cloud™️ Big Data™️ days, far pre-LLM/GenAI craze ATM.)