Employers in ‘wait-and-see mode’ as tech jobs decline – CIO Dive
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IT positions contracted in March, but unemployment also fell slightly month over month as employers brace for uncertain economic conditions, according to CompTIA.
IT leaders are grappling with a marked mismatch between the availability of in-demand skills in the tech market and the projects their organizations expect to be delivered.
AI and cybersecurity top the list of in-demand roles, but access to those skills has proven increasingly difficult for organizations. More than 3 in 5 executives said the tech talent crunch has worsened in the last year, according to Robert Half data.
In addition to talent availability concerns, ongoing global trade disputes are adding economic worries to the mix.
After Tuesday’s tariffs and policy announcements from the Trump administration, “these days of relative calm seem numbered,” said Cory Stahle, an economist at Indeed’s Hiring Lab.
“The residual confidence and optimism that helped buoy the labor market through the first quarter reversed virtually overnight after this week’s announcements,” Stahle said in an email to CIO Dive. “There is likely no going back.”
Economic pressures could force the spotlight onto enterprise technology projects and investments that drive value, especially for pricey endeavors like AI implementations. Last year, less than half of IT decision-makers said their AI projects were profitable, according to an IBM-commissioned report.
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The company grew its distributed network to 41 locations in 36 cities globally last year and plans to add container services to its platform, CEO Tom Leighton said Thursday.
Large language models are all the rage, but small language models have gained traction and business use is set to rise this year, according to analysts.
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