Amazon, Google, Meta, Microsoft lay off thousands — but tech jobs are still hot in 2023, Indeed finds

Cardinal POINTS

• Tech giants similar Amazon, Google, Meta and Microsoft accept announced mass layoffs in recent weeks.
• Yet, tech jobs are in high demand across the U.S. economic system, co-ordinate to an Indeed ranking of the 25 best U.Due south. jobs of 2023.
• Retail, finance, professional services, travel, government, aerospace, health intendance and other industries are seeking people with tech skills to build their online presence, career experts said.

Big-name tech firms like Amazon, Google, Meta and Microsoft are undergoing mass layoffs, but chore prospects for applicants in the broader tech ecosystem are poised to be among the best of any industry in 2023, co-ordinate to a new ranking.

Eight of the top x “best jobs” in the U.Southward. this year are engineering science roles, according to Indeed, which conducts an annual listing of the acme roles for job seekers.

Those tech jobs, per Indeed’s rankings, are full-stack developers, at No. 1; information engineers (No. 2); cloud engineers (No. three); senior product managers (No. 5); dorsum-stop developers (No. half-dozen); site reliability engineers (No. 7); machine learning engineers (No. 8); and product designers (No. 10).

Psychiatric nurses and psychiatric mental health nurse practitioners were the ii nontech jobs in the pinnacle 10, ranking at No. 4 and No. 9, respectively.

About half, 44%, of the top 25 were tech jobs.

The possibilities in tech extend beyond the traditional engineering giants to areas like retail, finance, professional services, travel and tourism — all of which demand technologists to build firms’ online presence and business, said Scott Dobroski, Indeed’s career trends expert.

“The tech skill prepare is very much in demand by companies everywhere,” Dobroski said. “Because every visitor today is a tech company.”

Indeed’south ranking is based on “opportunity” for job seekers, meaning roles had to be fast growing. For example, at that place were 1,398 positions available for full-stack developers out of every one thousand thousand listings advertised on Indeed, the highest share among other jobs. (A full-stack programmer builds the front and back ends of a website.)

All jobs on the list pay almanac salaries that are higher up the national average. At to the lowest degree 10% of their advertised positions offer remote or hybrid work — an increasingly of import metric for American workers, Indeed said.

That broad engineering science roles are poised to be hot in 2023 may seem counterintuitive, at a time when traditional tech giants have announced mass job cuts in recent weeks.

Google appear plans Friday to lay off 12,000 people, the biggest reduction in the company’southward 25-year history. Microsoft said last calendar week information technology would allow go of x,000 employees through March 31. Amazon said earlier this calendar month it would cut more than 18,000 jobs, the largest in its history. Meta said in November it would cut more than 11,000 roles, 13% of its staff.

In some cases, layoffs are an unwinding of overzealous hiring early on in the Covid pandemic, and non necessarily a harbinger of broad economical angst. Meta CEO Mark Zuckerberg and Amazon CEO Andy Jassy alluded to this overextension when explaining the rationale for their respective layoff plans.

Company officials are also bracing for a possible U.S. downturn. The Federal Reserve is raising interest rates, hoping higher borrowing costs for consumers and businesses will slow demand across the economic system and trounce back high inflation.

However, labor market indicators don’t propose a recession is imminent, economists said — and, broadly, it’s a good time to become a job.

Chore openings (a barometer of employer demand for workers) and the rate of voluntary departures past workers (a barometer of confidence in being able to find a new job) are near celebrated highs despite cooling somewhat in contempo months. Wage growth is still stiff — especially for people switching jobs — and the unemployment rate is effectually its everyman in v decades.

Tech skills are in ‘high demand’

Tech skills are in “high demand across the economy,” Julia Pollak, chief economist at ZipRecruiter, wrote in Nov. Government agencies, aerospace companies, health systems and retailers are amidst the employers that “frequently” cite shortages of software engineers, cybersecurity professionals, information analysts and web designers, Pollak said.

“Had tech companies connected growing at the breakneck 2020-2021 pace, they would accept monopolized U.Southward. tech talent and made information technology impossible for employers in non-tech industries to hire tech talent,” she said. “Now, other industries may stand a chance.”

Aside from good news for existing tech workers, high demand for technical skills is likewise a “large sign” of where opportunities exist for those starting or switching careers, Indeed said.

Employers are willing to notice candidates with skill sets in “nontraditional ways” in the electric current hot job market, Dobroski said.

For example, workers can often acquire some basic tech skills via software applied science kicking camps, online courses, or certificate programs that last several weeks or a few months, he said.

Currently employed workers, especially those at large companies, may be able to leverage mentorship opportunities and new learning programs in the workplace to acquire different skills or pursue different career paths in-business firm, Dobroski said.

Workers should as well consider where their electric current skills may exist able to transfer to another bailiwick, Dobroski added. Human resources roles, some of which factored amidst the top 25 best jobs in 2023, may be able to leverage skills from sales and marketing backgrounds, for case, he said.

PUBLISHED THU, January 26 20238:thirty AM ESTUPDATED THU, JAN 26 20239:52 AM EST

Greg Iacurci
|
@GREGIACURCI