The signs of trouble are easy to spot at University of California at Berkeley, usually a hotbed for tech recruiting. Some of the Big Tech companies have pulled out of recruitment and branding partnerships they previously had with the campus career services office. It's taking longer for students to land jobs.
Students are frustrated, Santina Pitcher, senior associate director of employer relations at U.C. Berkeley's career center, tells Fortune. The unease among job seekers is being felt across the country. Once a sponge for new graduates, the tech industry has cut back on filling high-paying jobs and is far more selective.
So far this year, tech companies laid off nearly 140,000 workers. That's on top of more than 264,000 people cut from tech last year. Silicon Valley is increasingly using artificial intelligence to help software engineers speed up the process of writing code, reducing the need for hiring more programmers.
In a potential sign of the shift, job postings for software engineers have fallen more than 160% since post-pandemic hiring peaked in March 2022, according to data from Indeed, the online job board. That's a far bigger drop than for non-tech roles.
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