From Meta’s self-imposed “year of efficiency” decimating its global workforce to Yahoo, Zoom, Amazon and Google reducing their employee numbers, and fintech and crypto startups and scale-ups taking stock, 2023 has been challenging for the tech industry.
Organisations continue to restructure and recalibrate after the flurry of hiring that took place during the pandemic. In fact, according to Layoffs.fyi, 570 tech companies have laid off 168,918 staff globally this year, and this number continues to climb – writes Aoibhinn Mc Bride, Content Editor, Jobbio.
While you might think the headlines equate to a fragile job market for tech workers, the good news is that not all tech workers are being affected equally. The UK tech sector is weathering the redundancy storm thanks to skilled software developers continuing to be in high demand.
This is especially true for remote workers across Europe where specialised skill sets, particularly those that are applicable to machine learning, artificial intelligence and cybersecurity roles, continue to be highly sought out.
The other good news? Equilibrium is being restored across the job sector when it comes to pay scales. In 2022, salaries grew by up to 18% and UK engineering salaries increased by 8% year-on-year.
For tech workers hoping to capitalise on a robust job market, recent data shows that backend, full stack, and frontend engineers are the top three in-demand roles, in that order, compared to other software engineering roles.
Frontend engineering roles in particular are gaining pace: the overall number of job postings requiring a frontend engineer rose 3.5% in 2021 and 1% in 2022, compared to a 2.5% decrease for backend engineers and 7% drop for full stack engineers.
Ahead of the curve
Whether you’re already working as a software engineer or wish to make a move to a career in software development, technical ability continues to be the most important focus.
Research shows that applicants now need to do 15% better in a technical interview than they did in 2022 in order to get hired.
Typescript, developed by Microsoft in the 2010s, is also staying the course, with software engineers receiving 1.43 more interview requests for proficiency in this programming language compared to the marketplace average.
It’s worth nothing that there is some differentiation between the technical skills required for in-office roles compared to remote roles. Redux is more in-demand for in-office roles, whereas React Native applies to a greater number of remote jobs.
Ready to make a move and secure a new role in software engineering? The Payments Cards & Mobile Job Board features thousands of listings in companies that are actively hiring, like the three below.
Frontend Developer, EVORA Global, London
Senior Backend Engineer, Marshmallow, London
Marshmallow is a tech company making insurance more accessible and more affordable for as many people as possible. As a Senior Backend Engineer you will work on product builds from start to finish, solving lots of challenges and work alongside designers, data scientists, researchers and product managers within product teams. You will also participate in technical scoping, estimation and briefs. The ideal candidate will have five-plus years’ experience with Java 8+ and Spring, commercial experience with AWS and Terraform, and has worked in a high growth start-up environment. See the full job description here.
Fullstack Engineer, IBM, London
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