The news: The US tech job market is shrinking. IT unemployment hit 5.0% in March—above the national average—as more professionals leave the industry entirely.

Layoffs have outpaced hiring for three straight quarters, per Janco Associates and CompTIA jobs reports, and over 34,000 tech jobs disappeared in Q1 2025.
Many companies now opt to hire only senior talent—at lower pay—while newcomers struggle, per Janco CEO Victor Janulaitis, as cited by The Register. This mirrors the dot-com bust, in which novice tech workers exited the industry for good.

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