Bad news job hunters, the IT job market is still struggling

Title: IT Job Layoffs Decrease, SMBs Prioritize Hiring Highly Skilled Workers

According to recent research by Janco, the tech industry saw a reduction of around 71,000 IT positions between 2023 and 2024 due to economic challenges, geopolitical issues, and skills shortages. While there was a slight improvement in 2024 compared to the previous year, acquiring and retaining IT jobs remains challenging.

Smaller and mid-sized companies are now at the forefront of hiring efforts, particularly seeking individuals with expertise in artificial intelligence and cybersecurity. Despite AI advancements leading to some workforce reductions, there is a growing demand for professionals with these specialized skills.

Positive news emerges as tech unemployment rates drop, with December 2024 rates at 2%, the lowest in over a year. Roles such as network support specialists, tech support specialists, and computer programmers are in high demand, emphasizing practical skills over extensive educational backgrounds.

As the industry continues to evolve, workers are urged to upskill in areas such as AI and cybersecurity to enhance career prospects. Various reports confirm the shifting skills landscape, highlighting these fields as crucial for future job sustainability.

Source: The Register