5 industries hiring tech talent in the wake of Big Tech layoffs
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5 industries hiring tech talent in the wake of Big Tech layoffs
The last year has been a tough one for the tech industry. The sector has generally been one of historic growth, with some of the best job growth among major occupations, according to the . But 2022 and 2023 have been marked by of hundreds of thousands of workers.
Small startups have been hit, but so have major players like PayPal, Alphabet, and Amazon. As of February 2023, more than 60,000 jobs have been cut just this year.
But despite the bad news, tech workers remain incredibly employable. Workers with tech-specific occupational skills have far lower unemployment rates, including in the COVID-19 downturn, compared to the rest of the workforce, according to the latest CompTIA tech jobs report.
analyzed data, 's most recent jobs report, and news reports to compile a list of industries hiring tech talent. Even while giants like Microsoft, Google, and Salesforce make cuts, several technology-related sectors are still hiring these talented employees.
Professional, scientific, and technical services
According to CompTIA, professional, scientific, and technical services have the most job opportunities among tech industries鈥攚ith more than 40,000 openings in January. This sector contains jobs within legal services, computer systems design, scientific research and development, and more.
Even though some areas of the sector have seen layoffs, companies like Priori Legal and OpenAI are still . The fact is, legal services and computer systems will be necessary to consumers even in a recession, so the need for quality talent will persist.
Many jobs in this industry are growing faster than average, despite layoffs elsewhere. , professional, scientific, and technical services tech jobs growing more rapidly than the national average include software developers, information security analysts, database architects, and computer and information systems managers.
Finance and insurance
Job listings for finance and insurance roles have been substantial, with more than 30,500 openings in January, according to CompTIA data. This fact might be surprising, with 鈥攅specially startups鈥攄ominating the news cycle.
But even as startups and smaller fintech companies have trimmed their rosters, it's an opportunity for larger and more established banks and financial service companies to hire available talent. The BLS estimates business and financial occupations will over the next few years; tech jobs in the industry, like data scientists, are expected to grow , according to O*Net.
Manufacturing
Layoffs in manufacturing have certainly made the news, especially at companies like Amazon. These large cuts might make it seem like all is lost, but in reality, they just take up more of the news cycle.
The manufacturing sector still offered nearly 25,000 tech job listings in January. The industry includes jobs with specific skill sets that will always be in demand, like , which O*Net calls an occupation with a "bright outlook" thanks to much faster than average growth.
The Biden administration has nationwide despite manufacturing shortages and recent declines. Companies like Intel and Micron are investing in growth to boost U.S. production and solve crises like the semiconductor shortage, which will mean plenty of job opportunities for tech workers.
Information
Information is a broad sector, encompassing the motion picture and sound recording industries, telecommunications, data processing and hosting services, and more. The industry has been struggling with layoffs, with federal data showing the in four months.
Still, things are looking up for tech workers in this sector, with CompTIA recording more than 12,000 open tech jobs in January.
The as the entertainment and information industries continue to explore technological opportunities. With this evolution will come the need for developers, quality assurance analysts, data scientists, and other tech employees.
According to O*Net, these occupations boast a higher-than-average in the next 10 years.
Public administration
Public administration is also a significant industry hiring tech workers, with the sector posting more than 11,000 jobs in January, according to CompTIA. With most jobs in this industry , public administration tech roles have had in the face of recent turbulence.
Opportunities are abundant, too. According to O*Net, government roles comprise 24% of open jobs in like web administrators and blockchain engineers. Plus, it projects that growth in these roles will be faster than average.