2022 would be the year that will be remembered as one when major shifts started to happen in IT world.
Having in mind changes at work-spaces, caused by COVID-19 and the new military conflict in Ukraine, we can see that many economies are starting to suffer, many businesses find hard to keep up with their daily activities especially in the e-commerce and retail domain.
People are re-thinking how they spend their money, especially when food and resources(gas, electricity…) prices are going up, online shopping suffers from a downfall trend.
This trend also impact the profits and stability of the IT companies that were focused in these domains. Many of them had announced the employee cutoffs, where at some companies had reached up to 30%.
This leads us to new available work force on the market from many different countries, but we should also include the IT people who are immigrating from Ukraine and other conflict regions to nearest EU countries as available work force, or soon to be available. The downside of this immigration is that, countries that are chosen as safe option are the ones suffering and where IT companies are announcing the cutoffs.
The IT bubble slowly start to blow off, many developers who are immigrating will start to seek/accept jobs for lower salaries, which will impact local market where developers are mainly paid more than other professions due to the fact that there is deficit of developers around the world.
Companies that are still employing IT professionals, will benefit of the variety of resources available and would be able to employ more experienced or simply put better employees than previously.
But this will impact the developers, especially new ones, because they will find harder to find a job, due to more experienced developers who are available, also new startup companies (it’s a time for saving not for spending) will be less present, with that less available positions will be offered on the market.
Would this means that IT market (salaries) will become stable in comparison to other professions? This is something we will have to follow through the 2022 and 2023.
