Hi, this is Gergely with a bonus issue of the Pragmatic Engineer Newsletter. In every issue, I cover topics related to Big Tech and startups through the lens of engineering managers and senior engineers. This article is an excerpt from last week's The Pulse, issue – full subscribers received the below details seven days ago. To get articles like this in your inbox, subscribe here.
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Before we start: despite the below stats, the tech market is not all gloom and doom! This week, we covered pockets of the tech industry that are seeing more demand than before in the issue State of the startup and scaleup hiring markets – as seen by recruiters.
Interesting data from the recruiter Indeed shows the change in the number of active software developer job listings on the site. For context, Indeed is the largest job aggregator portal in the US and in several countries, and it crawls vacancies on other sites, too. The overall picture looks pretty grim, right now:
Since February 2020, Indeed has shared aggregated statistics on the number of active jobs listings, taking January 2020 to be 100%, as a reference.
Vacancies on Indeed are as low as in mid-2020, during the pandemic. Data source: Indeed via FRED
Facts about software developer jobs on Indeed:
65% of the number of vacancies in January 2020 (a 35% decrease!)
of the number of vacancies in January 2020 (a 35% decrease!) 3.5x fewer vacancies than the mid-2022 peak
than the mid-2022 peak 8% down on 1 year ago
... continue reading