Should you consider a job in tech?

Should You Consider a Job in Tech codeworks

Should You Consider a Job in Tech?

So, you’re here because you’re eyeing a tech career, but with all the recent layoffs, you’re probably wondering if it’s worth it. The notice letters are zipping around like confetti, and it’s enough to make anyone feel a bit jittery. So, should you even think about a job in tech in Europe right now? Let’s break it down and see if we can clear up the picture.

The Layoff Landscape

First, the numbers. So far this year, over 93,000 tech workers across Europe have faced layoffs. Big names like Twilio, DocuSign, and Wix have all made significant cuts, letting go of hundreds of employees each. Even giants like Amazon and Dell haven’t been immune. Amazon plans to cut around 18,000 jobs this year, and Dell recently announced it’s letting go of about 6,650 workers.

Smaller tech companies aren’t in the clear either. It’s a tough time, no doubt about it.

Why All the Layoffs?

The reasons are varied. Inflation, higher interest rates, and a shaky economy have made companies nervous about their bottom lines. To trim expenses, they’re cutting jobs. Another factor? Over-hiring. During the pandemic, demand for tech services soared as everything moved online. But now, as life shifts back to pre-pandemic norms, that demand has cooled.

Here’s what some top tech companies have said:

Meta: “At the start of Covid, the world rapidly moved online and the surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended. I did too, so I decided to significantly increase our investments. Unfortunately, this did not play out the way I expected.”

Google: “Over the past two years we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today.”

Microsoft: “As we saw customers accelerate their digital spend during the pandemic, we’re now seeing them optimize their digital spend to do more with less.”

Is It All Doom and Gloom?

Not at all. Despite the headlines, there’s still plenty of opportunity in tech. Let’s take a look into why you should still consider a tech career.

Not All Tech Companies Are Cutting Jobs

Some tech giants like Apple have slowed hiring but haven’t announced significant layoffs. Smaller and mid-size tech firms across Europe are actively hiring, looking for full-stack developers, software engineers, data scientists, cloud architects, and more. These companies are snapping up talent that’s now more available due to the big firms’ layoffs.

Many Industries Need Tech Talent

Tech skills are in demand beyond the traditional tech sector. Industries like education, healthcare, and government are all hungry for tech professionals. Companies across various fields need your skills, from Software engineers to Web developers and beyond.

Laid-Off Tech Workers Bounce Back Quickly

Here’s a silver lining: many tech professionals who’ve been laid off aren’t out of work for long. Studies show that a significant number of these workers find new jobs within a few months, often landing roles that pay more and offer better work environments.

According to ZipRecruiters research back in 2022 (When AI started dominating the world) it only took up to 3 months for 79% of Tech workers to get new jobs.

How long to get a job after tech layoff

Is Now a Good Time to Learn to Code?

Absolutely. The need for coders continues to grow, and coding bootcamps can be a quick and effective way to get your foot in the door. Coding jobs are projected to increase, with many opportunities in diverse industries. 

Software Engineering Immersive

Our flagship course, and the most complete way to get your engineering career started. Includes 3 projects and 1 week of career preparation to ensure you get hired.

Web Development Immersive

A shorter course that prepares you with all the fundamentals, maintaining our highest standards. Includes 1 personal project and 2 days of career orientation.

Are Bootcamps Worth It?

A coding bootcamp is much cheaper than a university degree. While a bootcamp might cost around €14,000, a degree could set you back upwards of €20,000 per year. And the payoff? Graduates often land roles as software developers, cybersecurity analysts, or data scientists, earning competitive salaries.

What’s the Outlook for Tech Jobs?

Despite the recent turmoil, the future for tech jobs looks bright. In Europe, the demand for web developers, software engineers, and other tech professionals is expected to grow significantly. Industries are evolving and tech remains at the heart of that evolution.

So, is a tech career still worth considering? The answer is a resounding yes.

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