Did the tech industry grow in 2022 despite the layoffs? All data points to yes.
It seems in the distant past, but it was only a few months ago that the news cycle featured endless headlines and commentary regarding the sweeping layoffs across Silicon Valley and some of tech’s most recognized companies.
Companies like Meta reported big numbers of layoffs (up to 10,000) and it had everybody spooked. Twitter caused major rumblings with its announced layoffs. Now, with 2022 a few months behind us, what does the data say about the tech industry? And what are the projections for 2023?
The reality is, and we don’t think anyone is particularly surprised, that the tech industry showed no signs of slowing down in 2022.
According to CompTIA’s ‘State of the Tech Workforce’ year in review report, tech employment grew in all 50 states in the U.S.
Let’s look at a couple of notable statistics.
- All 50 states and the District of Columbia experienced an increase in tech employment during the year 2022.
The top players for tech job creation included:
- New York
Some of the ‘unexpected states’ that also saw notable growth included South Carolina, Indiana, Alabama, Kansas, and Idaho.
As the chief research officer of CompTIA points out, the numbers indicate just how important technology is to a wide spectrum of facets of business activity across the economy. CompTIA predicts a 3% increase in tech jobs in 2023, that’s more than 272,000 new jobs.
What are the occupations poised for growth in 2023 according to the year in review report?
These are the positions that will likely see the most growth this year: Data scientists, cybersecurity analysts and engineers, web designers and UI/UX professionals, software developers and engineers, and software quality assurance and testers.
Read more about the leading tech occupations in the U.S.
Overall, the outlook looks positive. The industry has seen some shaky moments, but it has proved its resilience and the consistent move towards technological solutions being part of all industries and across many facets of business.
As tech industries continues apace in the United States, other markets follow suit. In Mexico, the tech industry also continues to grow as more tech professionals gain the experience and the skills necessary to accelerate and fuel innovation. Learn more about Mexico’s IT industry and how many U.S. companies are finding the talent they need in this unique market. Learn what this unique talent market is all about, read our in-depth study of Mexico’s unique talent market in the 4th edition of Mexico Tech Salaries Report.