I Spent 8 Weeks Researching the 2024 Tech Job Market

Get an in-depth analysis of the current tech job market, considering the trends in hiring, AI, layoffs, and compensation against the backdrop of economic uncertainty and the introduction of AI into the workforce. Drawing from historical context, data analysis, and personal stories, there are 3 lessons and 5 strategies for tech professionals to navigate through challenging times. The content covers the drastic changes in the tech industry over the past two years, including significant layoffs, the impact of rising interest rates on tech stocks, and how AI technology is shaping the future of the sector. Through interviews with senior industry leaders and the story of an engineer who found great success after a layoff, the video aims to provide hope, perspective, and practical advice for tech workers facing a volatile job market.

#techjobs #ai #jobsearch #career

00:00 Tech Job Market Update
00:33 Historical Context: Tech Booms and Busts
01:00 Inspiring Stories of Resilience: Ethan's Journey
01:33 The Tech Boom and Bust Cycle: A Closer Look
02:05 The 2022 Tech Downturn: Causes and Effects
02:29 The Layoff Domino Effect in Tech
03:18 The Future of Tech: AI and Efficiency
03:49 Adapting to the Job Market Changes
04:31 The Shift in Job Dynamics
05:04 The 2024 Outlook: A Glimmer of Hope
05:38 The K-Shaped Recovery and What It Means for You
06:12 Three Major Shifts Affecting Tech Employees
06:16 Shift 1: The Rise of ICs
07:05 Shift 2: Compensation Trends in Tech
08:37 Shift 3: AI and Deep Tech
09:05 Remote Work Trends and Performance Insights
09:40 Five Essential Lessons for Tech Professionals
09:43 Lesson #1
10:18 Lesson #2
10:43 Lesson #3
11:07 Lesson #4
11:33 Lesson #5
12:34 The Future of AI in the Tech Job Market
13:32 What You Should Do Next

Sources:

[memnon]

I entered the job market in the early 2000’s, took me ages to break into IT and I was so desperate I would’ve made coffee for money. Now at 44, with a great career and 10 years working in FAANG I’ve been laid off. There is so much greed in big tech right now where billions are thrown at AI speculation and senior leadership have net worth’s to cover them for multiple lifetimes. Employees are disposable and undervalued.

[swastikrajghosh]

Nicely explained. This video is worth more than 300 views, and you are worth more than 3k subs!! Thanks for making this video.

[greentea_]

Very insightful! Especially agree on the counterbalancing forces for AI. People like to fear monger but the sector will continue to boom. This is where most of the growth is happening

[sandorhadas]

There is a fault in the year to year comparison logic: the video does not address the growth of the number of IT workers - the available number of people has grown exponentially so static comparison of the number of jobs available does not address the current unemployment issue properly.

[Stumptownc]

Another great video - seriously fantastic! Thank you!

[patrickhe]

Man you only 4k subscribers? You are up with stats and real good info! Not like other folks just vent feelings and antidotes. Amazing video!

[opa-age]

Out of all the tech job layoff videos flooding youtube this is one of the rare ones that actually has useful insight.

[AQpizza]

here before this blows up haha, very informative! thank you

[MoElwaan]

"You don't need to run to AI, It will come to you but you should be preparing" Thanks for that specific advice. I needed that today!

[ColinLate]

What's your biggest challenge in today's job market? Not enough roles, Too much competition, Not getting interviews, or Not passing interviews?

[dougchampion]

Whoa! Amazing video! Where did you come from?? Feel like I’ve seen so many of these videos and this was an order of magnitude better than the rest! Your channel is going to blow up, subbed!

[timb]

I’m not sure why this video has only 655 views as of this writing. Super solid perspective.

I’m wondering about your thoughts on C level and senior exec level roles. Anecdotally, they seem to have increased recently, as AI seems to have displaced more junior / entry level roles.

[patrickmeaney]

Really good content Colin! Great research & data. Keep it up, I see you becoming a top voice in Tech.

[johnnycastillo]

I was laid off in March 2024 as an SDE and now I'm doing AI/ML curator role. I took a 50% pay cut. When I search for jobs they are all with 3rd party companies. Not direct roles.

[ElenaDementeva-ugoq]

I'm already watching your videos for the second time. Very impressive!

[MChristina]

I'm taking coding courses right now and I'm already discouraged. I will be graduating in mid-2025 and I don't know what job I'll be able to get or if I'll ever get one in tech. It's frustrating.

[PoeticPoppa]

So...if you have a job where they don't beat you every day, don't quit in 2024. Got it.

[thecloudtechguy]

Excellent, well thought out video packed with facts.

[blubblubee]

I got laid off from my tech job at google cloud services last month. literally, I was a level 51 senior toilet plunger engineer. it’s brutal.

[badbotever]

The way big companies do things is one of the causes for the recession. So it doesn’t really matter that things come back a year later because no one has learned the hard lesson and the past will repeat itself. Companies need to stop relying on fake evaluations of their worth and stop growing without thought to how are they going to keep growing indefinitely. Simply put big companies are irresponsible. And will continue to be irresponsible as long as they face no consequences for their actions. We saw this back in 2008 with the big corporate bailouts.