Layoffs in the tech industry fell slightly in May, according to crowdsourced data from layoffs.fyi, which could be good news for tech professionals worried about the state of the tech industry and the economy as a whole.
Other large companies that have laid off tech employees in recent weeks include Microsoft (about 1,000), Google (100), Lucid Motors (400) and Tesla (500). Chart from layoffs.fyiA number of startups are also cutting staff, but taking all of this into account, we’re still a long way from the start of 2023 when the tech giants will be shedding tens of thousands of employees every month. Here’s the long-term chart:
It’s worth noting that the unemployment rate for tech jobs remains very low at 2.8% as of April, but job seekers will need to demonstrate they have the right mix of technical and “soft” skills to be successful in any role. “Employers and job seekers are navigating a changing labor market,” CompTIA chief research officer Tim Herbert wrote in a note. Accompanying April Technology Labor Data“Against this backdrop, a skills-focused approach to recruitment and talent development becomes even more important.”
meanwhile, AI is rapidly changing the way many technical professionals do their jobsRegardless of your role or field of expertise, becoming more knowledgeable about the current state of AI tools (and how they impact your workflow) can make you more attractive to employers. AI is a key component of data science and Cybersecuritytoo. Staying agile can help you avoid getting caught up in a layoff in the future.
