Software engineering job openings are at a five-year low, with a 35% decrease in vacancies since January 2020 and a 3.5x drop since mid-2022. Despite a broader job market increase of 10%, software development positions have plunged 34%. Factors include interest rate changes, tech overhiring in 2021-2022, and potential productivity boosts from AI tools. While hiring has slowed, some startups are thriving with smaller teams. Predictions remain mixed on future hiring trends, particularly with the emergence of non-developer software creation facilitated by AI.
https://blog.pragmaticengineer.com/software-engineer-jobs-five-year-low/