It's pretty brutal here in Australia.
Higher interest rates mean companies are aggressively reducing headcount.
Insanely high immigration means statistically for every 1 job being created we're importing 1.4 workers.
Job vacancies across the economy are down 16.4% yearly change according to ABS.
Also according to ABS, Job vacancies, change from February 2020 to May 2024, for IT is an increase of just 1.8%.
In summary, jobs market is getting ugly out there, triply so for IT.
The simple solution to this & the housing crisis is to restrict immigration, but instead we have record immigration because without it we'd be in recession(our economy grew 0.1% last quarter, GDP per capita went down).
Higher interest rates mean companies are aggressively reducing headcount.
Insanely high immigration means statistically for every 1 job being created we're importing 1.4 workers.
Job vacancies across the economy are down 16.4% yearly change according to ABS.
Also according to ABS, Job vacancies, change from February 2020 to May 2024, for IT is an increase of just 1.8%.
In summary, jobs market is getting ugly out there, triply so for IT.
The simple solution to this & the housing crisis is to restrict immigration, but instead we have record immigration because without it we'd be in recession(our economy grew 0.1% last quarter, GDP per capita went down).