Tech Job Openings Shrink as White-Collar Workers Wait for Next Boom

What Happened

San Francisco and other tech hubs are seeing a decline in white-collar job listings as technology companies continue hiring freezes and layoffs into 2024. Many experienced professionals in fields such as software engineering, design, and marketing are struggling to find suitable roles. Despite economic uncertainty and fewer openings, workers are holding out in hopes of another major tech boom rather than make career pivots or accept lower-paying positions outside the industry. As opportunities dwindle, this optimism reflects a belief in a future rebound tied to tech innovation cycles and investments.

Why It Matters

The slowdown in tech job openings signals a shift in the employment landscape, impacting cities reliant on a strong tech workforce. It could reshape career strategies and affect local economies if trends persist. Read more in our Work & Skills Hub