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Tech Job Seekers Without AI Skills Face a New Reality: Lower Salaries and Fewer Roles

Livemint

Livemint · 1y ago

Tech Job Seekers Without AI Skills Face a New Reality: Lower Salaries and Fewer Roles

The rise of artificial intelligence (AI) is changing the job landscape for tech professionals. IT workers who were accustomed to high salaries and strong demand for their skills are now facing a different reality. The mismatch between their skillset and salary expectations is causing difficulties in finding new roles. Jobs in traditional IT sectors are declining, while positions in cybersecurity, AI, and data science are on the rise. Layoffs in the tech sector continue to occur, indicating a challenging job market. Additionally, the growth of automation and AI is expected to lead to fewer IT jobs overall. Consequently, IT workers need to adapt by acquiring AI skills to stay competitive.

Related News

Top earners fear creativity loss in AI era, even as salaries soar: Naukri report

Economic Times

Economic Times · 1m ago

Top earners fear creativity loss in AI era, even as salaries soar: Naukri report

According to a report by Naukri.com, 40% of high-earning professionals fear AI could hinder creativity, particularly in creative industries like animation (54%), film (43%), and advertising (41%). Despite these concerns, 86% of Indian job seekers view AI positively, recognizing its role in boosting job opportunities and salaries across various sectors. The demand for AI skills is rising, with notable salary premiums in AI roles compared to non-AI positions. AI job growth is especially prominent beyond traditional IT sectors.

Mumbai Leads India’s Fresher Pay Race at INR 4.29 LPA: Report

StartupTalky

StartupTalky · 3m ago

Mumbai Leads India’s Fresher Pay Race at INR 4.29 LPA: Report

Mumbai tops fresher salaries in India with an average package of ₹4.29 lakh, according to GetWork's FY25 report. Delhi follows at ₹4.05 lakh. Overall, fresher salaries increased by 3.4% to ₹3.22 lakh, with sales and finance roles offering the highest entry-level pay. Metros like Mumbai and Delhi offer higher compensation due to their economic ecosystems, while cities like Bangalore offer less. GetWork aids recruitment with AI tools for both employers and job seekers.

LinkedIn Top Startups 2023: The 20 Indian companies on the rise

LinkedIn · 1y ago

LinkedIn Top Startups 2023: The 20 Indian companies on the rise

Despite a challenging year for startups in India marked by funding difficulties and layoffs, there's a silver lining. The country's space tech, AI, edtech, and electric vehicle startups are thriving. LinkedIn's 6th annual Top Startups list showcases 20 innovative Indian companies that have navigated economic challenges and attracted investors and talent. The list serves as a resource for job seekers, offering insights into in-demand roles and skills in these growing startups.

Thanks to AI, you don't need a computer science degree to get a job in tech, IBM AI chief says

Business Insider

Business Insider · 1y ago

Thanks to AI, you don't need a computer science degree to get a job in tech, IBM AI chief says

According to IBM's AI chief, a computer science degree may no longer be required to land a job in tech. IBM's global managing partner for generative AI, Matthew Candy, stated that AI would accelerate the process of idea generation and product development, making it easier for individuals without technical skills. Soft skills like critical thinking and creativity would become more valuable in the age of AI. Candy also mentioned that AI advancements could impact the arts by enabling individuals to take on design roles without traditional qualifications.

A Nobel Prize-winning economist warned students against rushing into STEM to get AI jobs, saying they may sow their 'own seeds of self-destruction'

Business Insider

Business Insider · 1y ago

A Nobel Prize-winning economist warned students against rushing into STEM to get AI jobs, saying they may sow their 'own seeds of self-destruction'

Nobel Prize-winning economist Christopher Pissarides cautioned against the rush into STEM fields for AI jobs, as workers in IT jobs advancing AI may risk making their own roles obsolete in the future. He pointed out that the demand for new IT skills in AI contains the seeds of self-destruction, and emphasized the importance of soft skills like communication and empathy in industries unlikely to be adopted by AI. Pissarides also mentioned the competitive salaries offered by tech and non-tech companies for AI roles.

As AI replaces tech roles, salaries in other sectors receive $18,000 boost - The Economic Times

Economic Times

Economic Times · 27d ago

As AI replaces tech roles, salaries in other sectors receive $18,000 boost - The Economic Times

A report by Lightcast reveals that, contrary to popular belief, AI adoption is expanding beyond the tech industry. As of 2024, 51% of AI-related job postings are in non-tech sectors. These roles offer salaries about 28% higher, translating to an $18,000 annual increase. Since 2022, AI roles in non-tech industries have surged by 800%. Key sectors with rising AI demand include marketing, human resources, finance, science, and education.

Tech salaries in US decline amid record inflation, market turbulence

Economic Times

Economic Times · 1y ago

Tech salaries in US decline amid record inflation, market turbulence

According to a report by AI-driven marketplace Hired, tech salaries in the US have experienced a significant year-over-year decline of 3%. In contrast, salaries in the UK have seen a 4% increase. With the rise of generative AI and tightening corporate budgets, junior talent has experienced the most significant decrease in salaries. Employers have decreased open roles in high-cost-of-living markets and increased roles in low-cost-of-living markets. The demand for experienced engineers with problem-solving skills is high due to the introduction of AI tools and increased cybersecurity challenges.

Andhra to launch first portal to link job seekers with corporates

Economic Times

Economic Times · 23d ago

Andhra to launch first portal to link job seekers with corporates

The Andhra Pradesh government is launching a digital job portal called Naipunyam, designed to connect blue-collar job seekers with corporates. This initiative aims to create two million jobs in five years and provides a platform for job seekers to register, update profiles, and job searches. It lists available workers' skills and proficiency and companies' job openings. This follows a successful skill census pilot in Mangalagiri, reflecting the region's demand and supply for skills.

Voice-based roles dwindle to 26% in India’s BPM sector as AI, tech jobs rise

Economic Times

Economic Times · 1m ago

Voice-based roles dwindle to 26% in India’s BPM sector as AI, tech jobs rise

India's business process management (BPM) sector is transforming, with voice-based roles declining to 26% of job openings, as tech roles rise. Driven by digital transformation in sectors like BFSI and healthcare, non-voice and emerging tech roles, such as AI and analytics, now dominate. Attrition in voice roles is high, attributed to limited progression and tenure. Tier-II cities like Mysuru, Jaipur, and Coimbatore emerge as talent hubs, with Bengaluru and Hyderabad leading in tech roles. Gender disparity persists, with women holding fewer tech positions.

Finding a Tech Job Is Still a Nightmare

Wired · 1y ago

Finding a Tech Job Is Still a Nightmare

The tech job market has been hit hard in the past year, with tech companies globally laying off over 400,000 workers. The industry is still facing a tough market with a smaller number of job openings, hindering promotion opportunities and forcing more people to stay in their current jobs for longer. Big Tech companies like Meta, Google, and Amazon have cut tens of thousands of jobs, leading to hiring freezes. Job seekers in the tech industry are feeling anxious and desperate as they face fierce competition for limited job opportunities. The situation is particularly challenging for foreign workers in the US who face uncertainty regarding their visa statuses. Despite these challenges, some positive changes have emerged, including more open discussions about layoffs and increased connections among job seekers.

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