Communications of the ACM
As Silicon Valley Retrenches, Tech Talent Shift Accelerates
A majority of tech jobs today are at companies outside the tech sector.
Credit: Crushpixel
More technology professionals are pursuing employment outside of Big Tech, looking to sectors that increasingly offer more interesting challenges. Recruiters and labor analysts say the restructuring of the tech employment market is accelerating this trend amid an economic downturn. Most current tech jobs are concentrated in non-technology companies such as banks, retailers, healthcare providers, and manufacturers in need of talent as they undergo digitization.
Recruiting has been easier because of the retrenchment in Silicon Valley, says Lori Beer, global chief information officer at JPMorgan. The bank is investing selectively in tech skills, with particular emphasis on cloud computing, machine learning and artificial intelligence, data science, and cybersecurity.
"If this transition redeploys skilled tech workers to other sectors of the economy, that may very well be a healthy development," says Tim Herbert, chief research officer at trade association CompTIA.
From The New York Times
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