When will tech jobs come back? Researching the 2024 Coding Job Market

I decided to have a research and look at the data to answer the question of When will tech jobs come back and is it worth it to learn to code/become a software developer in 2024

Timestamps
00:00 Introduction
00:36 What happened in 2023?
01:32 Is there layoffs in 2024?
02:35 Is AI stealing Jobs?
04:31 Are companies still hiring?
06:58 Are there any tech jobs in demand?
07:38 Interesting job hunting tip
08:17 How do you get a job in 2024?

Sources

[codingwithdee]

If you like my content, please consider becoming a subscriber. I promise I won’t swap you for AI 🤖

[adolfomartin]

I think AI is the polite way to lay off developers. The real reasons are economics.

[Dazzlersingh]

"I create AI to simplify tasks... only to find myself swiftly replaced and unemployed."

[BizzaroBrainBoi]

we arent getting jobs fellas. dont quit your day job

[スヘア]

Thank you for covering the actual fact.
The situation is actually worse then it appears since a lot of contractual roles have been ended which doesn't count as layoff. Also the freelancing jobs are drying up as well.

[timgibney]

I survived 2009. I worked 2 jobs at Taco Bell and a substitute teacher and left he IT industry for 3 years until the industry recovered. I took temp help desk roles afterwards and it took until 2015 until I recovered. I am sorry for those reading my comment, but this is your future. Do what I did and delivery Pizzas so you do not have gaps on your resume and take whatever is available. You do not have options anymore for a few years

[novalis]

Companies are using AI as an excuse for normal reasons of layoffs, AI is not yet fulfilling the role of old jobs

[brittanygoosman]

I built my skill set to be a jack of all trades instead of a master of one. It helps insolate my career from market swings and new tech. Seems to be working for me so far.

[motleyassortment]

AI is replacing some restaurant jobs also, it affect alot of jobs not just tech.

Working for tech company is risky, you help them build the program to operate the AI robots, software, and websites and they let people go without any care and without plenty of notice.

Who knows how long AI is here to stay???

[jakeleone]

Yet we will still issue 85, 000 (general) H-1b visas. And most of those H-1b will be used to fill IT job. My guess is that this will be unchanged from previous years, at about 70% (IT, Software).
So, what this means is that companies look abroad first, usually to the home country of the hiring manager.
Please read DOJ vs Facebook 2020, 2600+ cases of discrimination against better qualified local engineers, in order to protect foreign engineers from better qualified (by Facebook's own admission to Federal Investigators) locals.
Facebook settled this case, out of court, they never challenged the statements of their own HR employees made to Federal Investigators. Lying to a Federal Investigator carries a possible 10-year prison term for obstruction of justice.

[Tacoheart]

Yes my company has been through so many waves of layoffs this year it’s insane. Thankfully I have a degree in the medical field I can fall back on but still scary times in the job market all over 😢

[lennardvirajjayasekara]

I am not from US, but if the situation is so much desperate as you pointed out 200+ applying for a single post....they need to sound the alarm over to government over lack of jobs—jobs been taken away due to AI...

[muhidcs]

I didn't get an Software Engineering job after graduating. I did a product role in tech. I am unemployed for 6 months now and have started to panic thinking going back into SE but after watching this video I really don't know xD Maybe the best thing right now would be to get Project Management related jobs. A tech background may help. I'm not good at SE anyways

[heypaisan]

The problem with the "too much" supply is that a large majority of that supply are unqualified. This whole "learn to code" movement has made a mockery of professional software development and companies are on to it.

[mind_of_a_darkhorse]

I'm glad you touched on the subject of AI being partially responsible for the layoffs of tech companies. The greedy companies are boosting their profit margins at the expense of the workers who built them up! Now, the CEOs can get those bonuses they so richly deserve! I am waiting on the day they get let go and a computer takes over their positions!

[wisenber]

If you're only looking at 2008, 2014, 2022, 223, missing the Dotcom crash. IT salaries took almost a decade to recover from that.
After the Dotcom crash, it wasn't just the jobs, it was the salaries for those jobs.

Having been around for decades of waves, it's a good idea not to try to apply what was all the rage two years ago and think the same thing will be in demand when the sector recovers.

[scottbeall]

Try the public sector (government, education, etc). The salaries may be lower, but the benefits can be better (public pensions), they are more stable and don't work you to death. You won't make huge amounts of money and be able to retire at 40, but if you really think you are going to do that, you are deluding yourself. And an additional benefit, you can do work that benefits people instead of just shareholders and the CEO.

[dariadari]

Everybody speaks about software development, but what about IT infra/maintenance? As a sysadmin I see increase in job offers I get via Linkedin. Seems everybody has servers, networks, middleware apps to maintain and they pay very decently. I do not complain, I wonder what's the reason and if it's about to last?

[bobchannell]

I've heard the tech layoffs may be caused by a change to tax laws involving tech employees. Companies could depreciate tech expenditures in a single year but they can't do that now. Has anyone heard about this? Is it a significant cause of tech layoffs?

[digitalBrandingScreensavers]

According to layoffs: one of the minor reasons many people got laid off. In the tech industry if you look on YouTube. And you see some of these people walking around I'm making six figure income at Google. Walking around Google with their laptops and doing no productivity. That's a small part of it. And over hiring large tech body counts. And just a lot of people just aren't able to code. Just my opinion FYI