Revolutionary Year of Employment Liberation: US Tech Companies To Surge in Workforce Enrichment by a Whopping 700 Prominent IT Positions

Janco Associates, a leading IT labor market analysis company, has released a report summarizing the state of IT employment in the United States throughout 2023. The report indicates a significant decrease in new IT hires, with a net increase of only 700 positions after accounting for layoffs. This is a stark contrast to 2022, which saw a net increase of 267,000 IT jobs.

Janco’s analysis is based on data from the US Bureau of Labor Statistics (employers are required to report additional hires or layoffs to the Bureau). The table below illustrates the negative IT hiring trend in several months of 2023, particularly in April, which witnessed a reduction of 13,500 positions. In contrast, there were only a few hundred new hires during the same period.

According to Janco, the substantial number of layoffs in 2023 is a necessary adjustment following an excessive IT hiring spree in 2021-2022. However, the situation is starting to improve, as evidenced by the increased hiring numbers in December 2023, with a total of 13,700 new IT positions added.

Janco also highlights the paradox that, despite many IT companies having laid off an excessive number of employees, there is still a significant number of job vacancies, totaling approximately 88,000 positions. This indicates a skill mismatch, which needs to be addressed moving forward.

In conclusion, Janco’s report sheds light on the current state of the IT job market, which has experienced a balancing effect after a period of excessive hiring. While layoffs have been significant, there remains a substantial number of unfilled positions, highlighting the need to address the skill mismatch issue.

TLDR: Janco Associates has reported a decrease in IT job hiring in the United States in 2023, with a net increase of only 700 positions compared to the previous year’s 267,000. This trend reflects a necessary adjustment following an overhiring phase, with April 2023 experiencing the most significant layoffs. However, December 2023 saw an uptick in hiring. Despite the layoffs, there are still approximately 88,000 IT job vacancies, indicating a skill mismatch that needs to be addressed.