Outlook for the Tech Labor Market

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The US jobs report for April came in softer than expected, with nonfarm payrolls advancing 175 thousand last month, the smallest gain in six months. The unemployment rate also ticked up to 3.9% and wage gains slowed. Reach Capital Partner Jomayra Herrera joins Ed Ludlow to break down what the report means for tech jobs, and to explain why we tend to be bad at predicting what types of jobs will be created following large technology shifts like that of generative AI. She speaks on "Bloomberg Technology."
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Опубликовано:

5 окт 2024

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Комментарии : 51

@aaraonhon 5 месяцев назад

Hired at a premium and fired at an instance like an investment bank

@rmc1579 4 месяца назад

hahaha, Jomayra really doesn't check the news about tech or she doesn't understand tech. There are layoff in tech almost every week and the number of open tech jobs are small, Plus looking for a tech job right now it's crazy hard. There are a lot of competition for the same job opening. So it's hard to find a tech job. This lady is smoking something.

@Latenightnonsense-td5yd 4 месяца назад

Mairawanna

@Latenightnonsense-td5yd 4 месяца назад

Create more jobs in the arts. Tons of tech , finance, project management, marketing, manufacturing just to make one film . So imagine more films and video productions being made. Do it, now!

@connorskudlarek8598 3 месяца назад

Bank: *replaces worker with an AI* Customer: "AI, I clearly have $1m in my account. Please update it to reflect that." Bank AI: "Certainly! I have updated your account to correctly show you have $1m in your savings. Please let me know if I can do anything else." Banks and stock market use COBOL. A programming language made in 1959. They ain't replacing people with AI any time soon.

@xxxx-tb4de 5 месяцев назад

Hired too many people in the last of couple of years in technology. It is no surprise they are cutting. In fact, it is surprising they took so long. Still so much excess and I see so many employed have nothing to do for days at a stretch.

@LifeWithRilla 5 месяцев назад

Idk where you're working but i see the opposite.

@Tiredgeek 5 месяцев назад

Being in IT for 8 years, I can say that it's cyclical. Most companies that I worked for, I found that we have the busy as heck times of the season including various projects that bring in emerging technology. We also have our times when everyone is taking vacation or the holiday season. It depends on where you work though like the other poster said. Right now we are dead as heck though and only get a few tickets between like 4 techs in our area.

@Milk-rn5uq 4 месяца назад

you’re so confused. they are outsourcing the jobs to India. Literal boomer statement from you.

@Tiredgeek 4 месяца назад

@@Milk-rn5uq That’s cyclical too. New mgmt comes in, cuts costs with outsourcing, everyone complains after a few years they go back to onshore, rinse and repeat.

@fadsa342 3 месяца назад

Anecdotally I'm seeing more aggression with wanting to be profitable. For most places no matter if you need them all or not, humans are your biggest expense. Sure some companies over hired but others are cutting the losing products as well as outsourcing. With zero shame our CTO has mentioned numerous times he wants to expand the footprint in India and cost savings is the huge reason. None of our products are likely to bring in new customers in India. We also outsource certain functions to third party companies with a huge presence in India.

@vincentbuscarello1357 5 месяцев назад

lol @ all the replacement talk. Does anyone have a case study proving "replacement" is actually occurring or is it just a spicy headline?

@engineking777 Месяц назад

Im voting Trump. Kamala had 3 years to do something.

@denysolleik9896 5 месяцев назад

The lipstick has worn off.

@Rightround0846 5 месяцев назад

😍🥰🥰🥰🥰😍😍😍😍😍

@CryptoNewsNetwork_ 5 месяцев назад

🥰🥰🥰🥰

@topofthegreen 5 месяцев назад

Tech is the worst thing to go into, AI will replace many tech workers.

@powerHungryMOSFET 5 месяцев назад

Tech meaning software development?

@funicon3689 5 месяцев назад

why do you assume thats different from any other field?

@powerHungryMOSFET 5 месяцев назад

@@GothamsFinest well there are very few highly skilled developers who knows about hacking, assembly lanauguage,cybersecurity rest of them are deserver to be replaced by AI

@powerHungryMOSFET 5 месяцев назад

@@GothamsFinest most of the IT/ software development teams in the companies are not smart, I know it from experience, they get the funds from buisness teams and buisness teams dont know anything about technology and they can be decived and fooled easily by software development divisions. I think AI can prevent such attacks in the future and also AI can create such attacks