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ACM TechNews

Tech Hiring Slows as Businesses Grapple with Economic Volatility

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Demand was down for software developers.

Companies continue to tighten information-technology budgets as U.S. employers cut 19,000 information-technology jobs in March, according to data from CompTIA.

Credit: Dirk Waem/Zuma Press

A report by information technology (IT) trade group CompTIA found that U.S. employers slashed 19,000 IT jobs during March, even as more businesses have become increasingly reliant on tech support for remote work, e-commerce, and business continuity services.

This decline stems from business volatility caused by the coronavirus outbreak.

CompTIA's unemployment rate for IT jobs was more or less stable at 2.4%, versus 4.4% for all occupations.

Although IT job postings in March roughly held steady at about 359,000, most openings cited remote work as a necessity, while demand for project managers and software developers—a category that includes those with artificial intelligence skills—was down.

Meanwhile, tech research firm International Data Corp. expects global IT spending to drop 2.7% this year compared with last year, as the pandemic's economic impact forces cuts.

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