Navigating the Uncertainty: Is Technology a Good Career Path to Pursue?

by Samantha Wilson
May 29, 2023
4.5min read

Massive layoffs in the tech industry have sent shockwaves through the job market. It caused thousands of jobs lost across the board, leading many people to one question: is technology a good career path? 

So, in this post, we will explore the uncertainty surrounding technology careers. By examining the latest data and providing insights into the most stable tech jobs in 2023, we aim to shed light on whether technology is still worth pursuing. Let’s get started!

Behind The Winter Tech Layoff

The winter tech layoff sent shivers down the spines of tech workers and businesses. It's like a frosty gust of uncertainty blowing through the tech industry. The layoffs affected a wide range of companies, from startups to large tech giants.

 

Based on the latest data, the number of tech layoffs in the first quarter of 2023 was more than 100,000. Tech giants like Google, Microsoft,  Amazon, Zoom, and Meta have announced layoffs. Startups have also announced cuts across all sectors, from crypto to healthcare.

The reasons for the layoffs are complex and varied. Some experts believe that the layoffs were due to a number of factors, including the economic slowdown, the war in Ukraine, and the ongoing COVID-19 pandemic.

Others believe that the layoffs were a result of the over-valuation of tech stocks and the subsequent bubble bursting. Whatever the reasons, the winter tech layoffs were a major setback for the industry.

So, Is Technology A Good Career Path After That?

Whether or not technology is a good career path for fresh graduates after the tech winter layoffs depends on a number of factors, including the specific field of technology, the company, and the individual's skills and experience. As a result of the tech winter layoffs, some companies may be more hesitant to hire new graduates. However, many tech companies are still hiring. In fact, a recent survey found that 78% of tech employers plan to hire in 2023.

The best way to increase your chances of getting a job in the tech industry is to have strong technical skills and experience. You should also be prepared to network and market yourself to potential employers. Basically, no career path is immune to risk. The tech industry is constantly changing, and there is always the possibility of a layoff. However, the future is technology, and the tech industry is still growing. Therefore, it is a promising place to build a career.

The Top Tech Positions For 2023

Cloud Architect

Cloud architects are responsible for designing, building, and managing cloud computing infrastructures. They use their skills to help businesses move their applications and data to the cloud. Cloud architects are in high demand, and their salaries are expected to continue to grow in the coming years.

Required skills:

  • Cloud computing platforms such as IBM Cloud, Oracle Cloud, and Microsoft Azure.
  • Networking and security skills
  • Strong problem-solving and analytical skills
  • Excellent communication and teamwork skills

Average base salary in the US: $140,110

Salary increase trends from 2019 to 2023: 20%

Software Engineer

Software engineers are the brilliant minds behind the digital wonders we encounter every day. They use their coding superpowers to create, shape, and bring to life incredible software applications. They use a variety of programming languages and tools to create software that meets the needs of businesses and consumers.

Required skills:

  • Programming languages such as Javascript, PHP, and C#
  • Software development tools such as Jira and VAzure
  • Strong problem-solving and analytical skills
  • Excellent communication and teamwork skills

Average base salary in the US: $105,590

Salary increase trends from 2019 to 2023: 12%

Data Analyst

A data analyst is a professional who collects, cleans, analyzes, and interprets data. They play a crucial role in helping businesses understand patterns, trends, and correlations within their data to drive strategic actions

Required skills:

  • Data analysis and statistical knowledge
  • Database querying and data extraction
  • Data visualization
  • Problem-solving skills

Average base salary in the US:

  • $120,000

Salary increase trends from 2019 to 2023:

  • 10%

Cybersecurity Engineer

Cybersecurity engineers are responsible for protecting businesses from cyberattacks. They use their skills to design, implement, and manage security systems. Cybersecurity engineers are in high demand, and their salaries are expected to continue to grow in the coming years.

Required skills:

  • Programming languages such as Python and C++
  • Cybersecurity gear, like IDC and firewalls
  • Strong problem-solving and analytical skills
  • Excellent communication and teamwork skills

Average base salary in US: $115,140

Salary increase trends from 2019 to 2023: 18%

Technical Project Manager

Technical project managers oversee the development and implementation of technology projects. They work with teams of engineers and developers to ensure that projects are completed on time and within budget.

Required skills:

  • Project management methodologies
  • Risk management and decision making
  • Technical knowledge
  • Average base salary in the US: $113,548
  • Salary increase trends from 2019 to 2023: 6.7%

Energy Engineer

An energy engineer is a professional who designs, develops, and manages energy systems. They work in a variety of industries, including power generation, manufacturing, and transportation.  They work to optimize energy consumption, reduce environmental impact, and improve energy efficiency in various sectors such as buildings, manufacturing, and renewable energy.

Required skills:

  • Strong math and science skills
  • Problem-solving skills
  • Energy modeling and simulation
  • Energy audits and assessments

Average base salary in the US: $150,000

Salary increase trends in the last four years: 5%

How Can I Break Into Tech Industry After Recent Layoffs?

The tech industry is constantly evolving, and staying informed about emerging technologies and in-demand skills is crucial. 

Develop a Strong Foundation

Assess the skills that are currently in demand and align them with your interests and career goals. Invest time in upskilling yourself through online courses, certifications, or specialized training programs. 

Create a Robust Portfolio

As a new graduate, having a strong portfolio showcasing your projects, internships, or personal coding projects can make a significant impact. Create a portfolio website or use platforms like GitHub to showcase your work and demonstrate your abilities to potential employers.

Diversify Your Skill Set

Consider developing a diverse skill set that extends beyond technical expertise. Acquire knowledge in areas such as project management, product development, or UX/UI design. This will make you a well-rounded professional and increase your value in the job market.

Leverage Internships And Entry-Level Positions

These stepping stones can provide exposure to industry practices and networking opportunities. They can also lead to full-time job offers or serve as a launchpad for future career growth. 

To assist you in launching your tech career, Epicareer provides a wide range of internship opportunities and entry-level positions. Getting started is easy - just upload your resume, and let Epicareer's advanced AI technology connect you with the perfect job opportunities right at your fingertips simply upload your resume and let Epicareer's AI match you with the best-fit job vacancy at your fingertip.

So, grab your cape, unleash your super skills, and let Epicareer guide you to the tech job of your dreams.  Good luck, and may the code be with you!

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