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High-tech in retreat? Declining Demand for Software Developers | Israel today

2022-07-19T19:28:53.823Z


According to data from the Central Bureau of Statistics: Demand for software developers fell by an average of 7% in April-June 2022 • On the other hand, there was a sharp increase of 54% in demand for construction workers


Another indication of a slowdown in high-tech: According to data from the Central Bureau of Statistics published yesterday, the demand for software developers fell by an average of 7% in April-June 2022 compared to the previous two months, and the number of vacancies in this profession fell to 12.8 thousand. Sharp, of 54%, in demand for construction workers in the following professions: home builders, builders and concrete layers.

In addition, there was an 8% increase in the demand for drivers, a 7% increase in the demand for security guards and a 4% increase in the nursing professions in institutions and households.

On Tuesday, the Employment Bureau released additional data indicating a slowdown in the high-tech industry: The number of job seekers among software developers and application analysts rose by 16.5% between April and June.

This figure supports recent reports of an increase in the number of layoffs in the industry.

The sharp declines in the Nasdaq index since the beginning of the year have taken a toll on the sails of high-tech companies around the world and in Israel, and the immediate victims are start-ups that grew up during the Corona period.

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Source: israelhayom

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