Tech Jobs Are Not Recession-Proof According To New Data
The tech industry, once one of the hottest sectors for job seekers, is falling victim to dried up spending as the recession takes its toll. After three years of at least 2.5% employment growth in the United States, tech jobs are forecast to decline by 1.2% this year, according to Forrester Research. They have already fallen by nearly 1% since their November peak, according to the Labor Department. Year to date, 8,000 tech jobs have been slashed, including 4,100 just last month.
But those who work in fields that aren’t as crucial to the day-to-day business, like research and development or software engineering, are expected to face steeper cuts. Help desk professionals are also expected to be among the first to get handed pink slips, as companies with large-scale layoffs need fewer tech support staff members. “These roles are a bit of a luxury that both [technology] vendors and [technology] departments can afford in good times, but not so much in bad times,” Bartels said.
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