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Tech companies are hiring — a lot — despite recent wave of layoffs

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Job postings for tech positions reached nearly 316,000 in March, the highest total in seven months, according to CompTIA’s Tech Jobs Report, issued Friday.

Despite a wave of layoffs that paint a gloomy picture of the tech sector, companies are hiring. A lot.

“The headline focus on Big Tech overshadows the enormous base of the tech pyramid,” Tim Herbert, CompTIA’s chief research officer, told MarketWatch. “Tech services, dominated by small and midsize companies, have filled the gap in hiring.” Tech jobs increased by 197,000 in March and employers stepped up activity for future hiring, running counter to signals that the labor market may be cooling off, according to the analysis by CompTIA, the nonprofit association for the information-technology industry and workforce.

“Big Tech is still ahead in employment numbers because they hired so many people over the last year or so,” Herbert said. “Now they need to signal to the market that they are cost-efficient and are improving profit margins.”

 

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