19 answers
Liam
Student
Muskegon, Michigan
1
Question
Asked
964 views
How stable is a job in the technology field?
How many people are laid off due to issues with the business?
Login to comment
19 answers
Kris Ciccarelli
Sales
1
Answer
Fairfield, Connecticut
Updated
Kris’s Answer
A career in the Tech field offers a wide varity of options. One of the constants about Technology is that it is alwats changing. As our society evolves so does the why we need and want to interact with it.
Its not always easy to make the first step into a career or a job but everything you do is a step and learning experience. Don't be afraid to course correct of you're not happy. Finding the right career and industry that makes you want to wake up every day and achieve to your highest potential to the most important thing.
Its not always easy to make the first step into a career or a job but everything you do is a step and learning experience. Don't be afraid to course correct of you're not happy. Finding the right career and industry that makes you want to wake up every day and achieve to your highest potential to the most important thing.
Trevor Dawson
Consulting
99
Answers
Dallas, Texas
Updated
Trevor’s Answer
Good answers above! I would say based upon my experience in technology consulting that it remains one of the more stable jobs out there. See here for more: https://techoneit.com/is-technology-a-stable-career/#:~:text=Yes%2C%20technology%20is%20generally%20considered,high%20demand%20for%20skilled%20professionals.
Hermes Ramos
Splunk Consultant
1
Answer
Olney, Texas
Updated
Hermes’s Answer
Hello! Jobs in technology are pretty stable especially if you find an area in high demand (like security) with a lot of potential growth. Layoffs are always a possibility when the economy is struggling, but continuing education is key in technology as it is always changing.
Eleanor Maria (Ria) Farrell Schalnat
Open Source Program Manager
8
Answers
Seattle, Washington
Updated
Eleanor Maria (Ria)’s Answer
In the world of technology, there's a vast landscape of growth and opportunity. Even though layoffs can be worrisome, they often pave the way for fresh prospects. Technology is deeply ingrained in every aspect of life, from personal to commercial, government to independent contracting, and startups. Don't view the tech field as a confined space like data centers. Instead, see it as a platform for constant reinvention and relevance to emerging opportunities as technology evolves. The tech industry offers a myriad of directions you can venture into, and sometimes, layoffs are just indicators of a significant shift in the industry, prompting everyone to adapt and embrace the next big thing, like AI.
If your definition of stability is doing the same thing a decade from now as you're doing today, then tech might not be your cup of tea. This industry demands an insatiable curiosity! However, if you're open to developing and evolving your skills, job opportunities will be plentiful. Or, you could even start your own company to fill a gap in the market!
If your definition of stability is doing the same thing a decade from now as you're doing today, then tech might not be your cup of tea. This industry demands an insatiable curiosity! However, if you're open to developing and evolving your skills, job opportunities will be plentiful. Or, you could even start your own company to fill a gap in the market!
Robert McAdams
Software Engineer
30
Answers
Roseville, California
Updated
Robert’s Answer
Different businesses make different investments and bets on how the market and their tech business will handle that. Sometimes those bets pay off and everyone is happy and gets bonuses, sometimes the bets go bad, and there are layoffs. Sometimes the market is just bad, everyone did a good job, and there are still layoffs. It depends. If you keep your skills up to date, and stay networked, a layoff of no fault of yours, will only be a minor speed bump.
Julie Smith, MBA
data science, personalization, marketing, automation, digital transformation, analytics & strategy
2
Answers
Belleville
Updated
Julie’s Answer
tldr: So far in 2023? ~183K people (per crunchbase); the technology field is pretty stable because most businesses run on technology.
Longer: "technology" describes a lot of different jobs, and layoffs usually affects certain jobs, functionalities, teams within the company.
If you're interested in the outlook for a specific type of role, technical skill, etc, please share more details.
If you're worried about potentially being laid off, that's fair (especially given the current economy and layoffs recently). One of the best ways I've found to maintain my confidence is to keep learning. I read articles, follow content creators, & take courses online. You don't always have to learn about only what your current job is. You can learn about other technology too.
Example: Your job may focus on developing your company's app for the Apple store. You could learn more about:
A) how to code new functionality for the apple app you're already developing (directly related to current job)
B) building apps for Google Play or for gaming console stores like Playstation or Xbox (similar to current job)
C) large language models or machine learning algorithms (helps build your overall technical POV, understanding, & skill set)
Having more information won't reduce the fear of uncertainty, but it will help you navigate uncertainty with more confidence.
Longer: "technology" describes a lot of different jobs, and layoffs usually affects certain jobs, functionalities, teams within the company.
If you're interested in the outlook for a specific type of role, technical skill, etc, please share more details.
If you're worried about potentially being laid off, that's fair (especially given the current economy and layoffs recently). One of the best ways I've found to maintain my confidence is to keep learning. I read articles, follow content creators, & take courses online. You don't always have to learn about only what your current job is. You can learn about other technology too.
Example: Your job may focus on developing your company's app for the Apple store. You could learn more about:
A) how to code new functionality for the apple app you're already developing (directly related to current job)
B) building apps for Google Play or for gaming console stores like Playstation or Xbox (similar to current job)
C) large language models or machine learning algorithms (helps build your overall technical POV, understanding, & skill set)
Having more information won't reduce the fear of uncertainty, but it will help you navigate uncertainty with more confidence.
Ching Chua
Corporate Counsel
11
Answers
Melbourne, Victoria, Australia
Updated
Ching’s Answer
Written on behalf of a group of volunteers at HPE:
Remember, no role is entirely secure or devoid of challenges. It's crucial to continually expand our knowledge, stay versatile, and adapt to the latest technological advancements. Just like in any other field, the tech industry experiences its own ebb and flow. There will always be peaks and valleys. If you're considering a career in technology, never stop learning. Embrace the changes and equip yourself to thrive in the evolving markets.
Remember, no role is entirely secure or devoid of challenges. It's crucial to continually expand our knowledge, stay versatile, and adapt to the latest technological advancements. Just like in any other field, the tech industry experiences its own ebb and flow. There will always be peaks and valleys. If you're considering a career in technology, never stop learning. Embrace the changes and equip yourself to thrive in the evolving markets.
R Banerjee
IT Support
2
Answers
Kolkata, West Bengal, India
Updated
R’s Answer
Hi Liam,
The downtrend of manpower in the technology field along with layoff's has affected a lot of people. Your question itself reflects that you've been keeping abreast of the developments related to this for the past few months / close to a year. While it's not possible to provide an exact number, the fact remains that it could be a substantial number (perhaps in millions). However, the good news is that things are looking up slowly and gradually.
On another note, given that you are perhaps at the stage where you'll be starting your career or are thinking to do so in the near future, focus on your core strengths and your interests and do some research on what are the most stable roles in your line of interest / field. Even during a downturn, there are certain roles that always remain in-trend and are considered as 'critical'. Focusing on those roles, the path to reach them, and the ways to keep oneself relevant matter in such situations. Playing to one's strengths and upgrading knowledge and skills is one of the surest ways of keeping oneself stable. Also, it's a good idea to be multi-skilled incase you need to fallback on a different trade altogether.
Stability is not about being in one place and role, but having the ability to play to your varied strengths and make well thought out changes when necessary in today's times.
The downtrend of manpower in the technology field along with layoff's has affected a lot of people. Your question itself reflects that you've been keeping abreast of the developments related to this for the past few months / close to a year. While it's not possible to provide an exact number, the fact remains that it could be a substantial number (perhaps in millions). However, the good news is that things are looking up slowly and gradually.
On another note, given that you are perhaps at the stage where you'll be starting your career or are thinking to do so in the near future, focus on your core strengths and your interests and do some research on what are the most stable roles in your line of interest / field. Even during a downturn, there are certain roles that always remain in-trend and are considered as 'critical'. Focusing on those roles, the path to reach them, and the ways to keep oneself relevant matter in such situations. Playing to one's strengths and upgrading knowledge and skills is one of the surest ways of keeping oneself stable. Also, it's a good idea to be multi-skilled incase you need to fallback on a different trade altogether.
Stability is not about being in one place and role, but having the ability to play to your varied strengths and make well thought out changes when necessary in today's times.
Michael Richtberg
Product management & engineering
15
Answers
Austin, Texas
Updated
Michael’s Answer
While layoffs do occur, and I'm an example, the need for technologists in the computer industry remains evergreen with new opportunities arising all the time. I recommend putting your concerns aside and focus on the great aspects of the industry, instead.
Pablo Oria
Senior Manager, Engineering
6
Answers
Austin, Texas
Updated
Pablo’s Answer
Downturn impacts all fields, not just technology, and sometimes layoffs are part of it. Tech is 'flashier' so you hear it more in the news, but it is definitely not a unique problem for the field. At the end of the day, whatever field you go into, you must enjoy it. You are going to spend decades working in it.
Susan Bartlett Rankin
Strategy PM
3
Answers
Savannah, Georgia
Updated
Susan’s Answer
Tech skills are always in high demand, and not just in tech-focused companies. By developing your technical abilities, you're not only setting yourself up for a career in tech, but you're also opening doors in all sorts of industries, even in small startups. In my opinion, it's one of the top career choices you could make. But remember, the opposite is also true. If you're more into people skills, like communication, marketing, or sales, you can still find a place in a tech company. So, don't worry if you're not super tech-savvy!
Edwin Anthony Joseph
Principal IT-Cloud Architect
10
Answers
Pune, Maharashtra, India
Updated
Edwin Anthony’s Answer
Stability exists on multiple levels and is subjectively defined based on individual needs such as a steady income, job satisfaction, or a stress-free work environment. In the current era of the information technology revolution, long-term stability isn't necessarily a sought-after attribute. Instead, continuous evolution in your chosen field or passion can provide lifelong stability. Remember, the only constant is change. For more information, visit this link: https://money.usnews.com/careers/slideshows/careers-with-the-most-job-security.
Andrew Singh
Desktop Engineer
4
Answers
New York, New York
Updated
Andrew’s Answer
The realm of technology has consistently proven to be a robust sector, regardless of the specific tech area you choose to delve into. With technology perpetually evolving, there's a growing demand from numerous businesses to stay on the cutting edge. This creates a constant need for tech-savvy experts who can guide them through these advancements.
Manoubia Boukhris
4
Answers
Tunis, Tunisia
Updated
Manoubia’s Answer
the job to the the technology is considered as stable as the is one of the most domain actually but the technology is not stable and this a good thing so you are to train your self continually
Karen Feldeisen
Software LifeCycle Quality Engineer
1
Answer
Northbridge, Massachusetts
Updated
Karen’s Answer
The concept of stability can vary greatly based on your perspective, whether you're considering a lifelong career or simply aiming to maintain your current job. The world of technology is ever-evolving, moving at a swift pace. If you aspire to thrive and progress within a company, it's crucial to embrace continuous learning and show readiness to take on tasks, even when they involve unfamiliar products or roles. It's about demonstrating your willingness to invest extra effort into expanding your knowledge and understanding of your work. In the tech industry, it's essential to continuously refresh and update your skills to stay abreast of the latest innovations and products. This message is brought to you by a dedicated team of HPE volunteers, encouraging you to keep learning and growing.
Erica Berry-Lozano, MBA, CM
Program Manager Leader
2
Answers
Houston, Texas
Updated
Erica’s Answer
Technology is one of the more stable fields because you can utilize more transferable skills. Don't be afraid to be laid off. You can always find another job. Layoffs happen in any field.
While you are working be sure to embrace new things, enhance your skill set, and have a growth mindset. It's okay to fail. Just know that failure does not define who you are.
While you are working be sure to embrace new things, enhance your skill set, and have a growth mindset. It's okay to fail. Just know that failure does not define who you are.
Barry Dubson
Senior Technology Architect
3
Answers
New York, New York
Updated
Barry’s Answer
In general, technology jobs are pretty stable. Downturns in the economy can affect any type of job. The key thing is the not be stagnant with your tech skills, keep up with the latest technology and learn different skills. This will keep you in better standing than those who just stick to one thing.
Aarron Aguilar
Tech support
3
Answers
Schaumburg, Illinois
Updated
Aarron’s Answer
Love all the feedback on here. With tech constantly growing and only becoming more prevalent in everything we do these days, it is very stable. Speaking personally, I've been in tech for almost 10 years now.
Gwen Hurd
Customer Facing Technical Solution Engineer
8
Answers
Marietta, Georgia
Updated
Gwen’s Answer
What a fantastic question! I've been navigating the IT industry for an impressive 41 years, with 38 of those dedicated to the software sector as a customer-oriented technical professional. A career in technology is incredibly stable and secure.
The pace of advancement in technology is swift and exhilarating. The growth is truly phenomenal. From Cloud Computing and AI to ChatBots, Cyber Security, and Data Scientists, the opportunities are vast and diverse.
It's essential to keep your knowledge current, which may involve enrolling in additional courses now and then. I've done this on several occasions and it's been immensely beneficial. Not only does it help in securing pay raises and promotions, but it also opens doors to exciting new roles.
The pace of advancement in technology is swift and exhilarating. The growth is truly phenomenal. From Cloud Computing and AI to ChatBots, Cyber Security, and Data Scientists, the opportunities are vast and diverse.
It's essential to keep your knowledge current, which may involve enrolling in additional courses now and then. I've done this on several occasions and it's been immensely beneficial. Not only does it help in securing pay raises and promotions, but it also opens doors to exciting new roles.