Though Google and Oracle have been within the headlines these days for layoffs or the chance thereof, the tech job market truly has appeared brilliant for many of 2022 however started to slide in June, based on a report from tech profession website Cube.
Launched August 23, the Cube Tech Job Report for the primary half of 2022 discovered that tech job postings for the primary 5 months of the yr grew in comparison with final yr, with June representing the primary month-to-month decline in tech jobs since September 2022. Cube primarily based its findings on an evaluation of three million tech job postings from January to June 2022, in comparison with the identical interval in 2021. Key takeaways from the report:
- Demand for tech expertise continues to develop, with the variety of job postings rising 45% for the reason that starting of the yr and growing 52% in comparison with the primary half of 2021. A hiring spike in Could was adopted by the primary month-to-month decline this yr (17% in June).
- Employers need technologists with data-related expertise. Cube’s most up-to-date tech wage report discovered that experience in information storage and processing instruments resembling Hadoop, HANA, and platform as a service (PaaS) can translate to superior compensation. Additionally, SQL, Python, and AWS noticed progress in job postings.
- These with expertise to construct and keep tech stacks and databases, resembling SQL and automation, have a terrific shot at touchdown a job wherever. Key to that is holding expertise updated.
- Of the highest 50 employers of tech expertise, 96% elevated hiring within the first half of 2022, yr over yr.
- Technologists’ desire for distant and hybrid work persists.
- Conventional tech hubs resembling New York Metropolis, Chicago, Atlanta, and San Francisco proceed to guide in tech job postings.
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