Friday, January 22, 2021

IT workforce suffering under COVID-19, waiting on herd immunity for rebound

For the first year since the dot-com bubble popped, IT salaries were largely flat in 2020, and tens of thousands of jobs were lost in 2020, according to a report from independent management consultants Janco Associates.

Hardest-hit were middle management jobs at both large enterprises and smaller companies, where salaries actually dropped by about 0.08%, while executive and staff-level jobs remained steady or grew by a similarly small amount.

“What’s been hard hit, mostly, are IT organizations and SMBs,” said Victor Janulaitis, the CEO of Janco, which published the report. “That’s where the majority of the IT jobs are in the marketplace today.”

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Thanks to Jon Gold (see source)

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