Despite the better-than-expected jobs report released last Friday, the June Dice report for the tech industry shows that layoffs continue to be a serious concern.
Eighty-one percent of more than 1,900 respondents to a recent Dice.com survey indicated the current economy has caused them to scale back hiring for the next six months.
Forty-three percent said layoffs are likely or very likely for technology professionals in the next six months. That result is down from 48 percent of respondents in November, but still elevated considering the unemployment rate for technology professionals has jumped to 4.9 percent from 3.4 percent at the start of the year.
Half of all respondents indicated that the time to fill an open position has lengthened versus last year, mainly due to the economy. At the same time, more than half (56%) of recruiters and hiring managers have seen significantly more candidates applying for jobs within the last six months. In November, only 32 percent had seen such a pickup.
Those technology professionals who land new jobs in the meantime shouldn’t expect to see their salaries rise. Some 35 percent of recruiters and hiring managers see salaries holding at the same levels as last year, and 41 percent say salaries have dipped slightly. And 17 percent report salaries are significantly lower. Just seven percent say they are higher than last year.
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