Is There a Tech Worker Shortage?

Has the Era of Mass Tech Layoffs Ended?

In 2023, tech layoffs affected hundreds of thousands, but the era of mass layoffs seems to be over. The tech sector is facing a shortage of skilled workers due to rapid advancements in areas like AI and cybersecurity.

Over 356,000 tech jobs will be created annually until 2033, yet many companies struggle to find qualified candidates. Immigration policies and high demand for specialized talent have worsened the shortage.

This has led to salary increases, with tech workers earning higher wages. Projections show that the demand for tech professionals will continue to grow, but filling these roles remains a significant challenge.

CHAPTERS:
0:00 Has the Era of Mass Tech Layoffs Ended?
1:00 Change in the Tech Sector
2:12 Demand for Tech Workers
3:57 Immigration Policies
4:57 Rise of Tech Salaries
6:26 The Future of Tech Sector


Produced by: Samantha Harvey
Edited by: Jacob Smith
Animation: Charlotte Brown
Additional Footage: Getty Images

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