"A new survey from Resume.org paints a stark picture of the current job market, with 50% of US companies scaling back hiring and one in three planning layoffs by the end of the year. The online resume-building platform surveyed 1,000 US business leaders and found that high-salary employees and those lacking AI skills are most at risk. Generational factors play a role, too: 30% of companies say younger employees are more likely to be affected, while 29% cite older employees."
"The tech job market is feeling the shake-up, according to Kara Dennison, head of Career Advising at Resume.org. Pandemic over-hiring, AI disruption, and shifting consumer needs are forcing companies to recalibrate. "We've seen big waves of layoffs, mostly because companies over hired during the pandemic and are now adjusting to rapid changes driven by AI and shifting consumer needs," Dennison said. But it's not all bad news. While some sectors shrink, others - including cybersecurity, cloud, AI, digital transformation, and data analytics - are booming."
Resume.org surveyed 1,000 US business leaders and found 50% of companies scaling back hiring and one in three planning layoffs by year-end. High-salary employees and workers lacking AI skills are identified as most at risk. Generational differences are noted, with 30% of companies citing younger employees and 29% citing older employees as more likely to be affected; 19% flag H-1B visa holders as at greater risk. Four-in-ten companies expect to replace workers with AI tools by 2026. Cybersecurity, cloud, AI, digital transformation, and data analytics are growing sectors. Tech professionals are advised to build LinkedIn presence, network broadly, highlight transferable skills, and remain open to contract, remote, or cross-industry roles. The data may reflect both real trends and strategic framing because Resume.org operates in the job search market.
Read at Computerworld
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