Navigating Today’s Tech Labor Market: Shifting Trends and Future Predictions

Today's tech labor market has experienced significant shifts, with many businesses cutting workers and adopting new technology. But what lies ahead?
Navigating Today’s Tech Labor Market

According to a March 2023 Forbes article, the IT job market has witnessed significant shifts, with 140,000 jobs slashed in 2022 and an additional 94,000 layoffs in the first quarter of 2023, making this the most substantial reduction since the dot-com bubble burst in 2000. On the contrary, the same article also predicts potential growth, forecasting an increase of 174,000 IT jobs in 2023.

Amidst these fluctuations, what can we make of this information?

The Future Job Landscape of IT

First things first, technology will continue to be one of the greatest drivers of economic productivity. Further, it is likely that companies will lean on technology as a means to deal with these acute labor shortages. If these two statements are true, it is probable that technology labor reductions will not persist. 

Digicorp's Approach to Addressing Critical IT Demands

Since entering the IT design, build, and support marketplace, we have helped our customers meet the demand of running effective IT systems. Our business model of being an incremental IT talent solution has made a huge difference for hundreds of customers every year. 

How is this done?

  • True partnership: We believe in true collaboration, working alongside you to fully understand your unique needs.
  • Quality engineering: We employ 20+ highly-specialized engineers. Our team delivers the appropriate engineers for our customer’s specific needs.
  • Cost-effective solutions: By deploying selective engineering talent, we offer a budget-friendly alternative to full-time hiring.
  • Triage services: Our IT project, help desk, and triage services are built to complement your business needs and already-employed talent. 

Working with Digicorp has proven to be a financial and operational win for our many customers. Let us help you! Fill out the form below and one of our representatives will be in touch with you shortly.