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As Silicon Valley Retrenches, a Tech Talent Shift Accelerates



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“Nearly every company is going through this — they need tech talent,” said Lori Beer, global chief information officer at JPMorgan.More on Big TechIf the economy enters a recession, employment in tech occupations will suffer as well. There are already signs of softness: Job postings may signal hiring intentions, and online postings in November for tech jobs slipped below 288,000, the first month this year that it was under 300,000, according to a CompTIA analysis of data from Lightcast, a labor analytics firm.Some labor market analysts are anticipating a decline in employment in tech jobs, especially if the economy further weakens. But history suggests any downturn would be short-lived. There have been ups and downs, but job growth in tech occupations has nearly doubled since 2000, when 3.33 million Americans were …

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