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Lenny's Newsletter

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State of the product job market, part 2

  • There's indeed a shift to hiring more senior PMs.
  • Remote PM jobs are shrinking fast (down 35% from peak, and still shrinking).
  • More than one in five open PM roles is based in the San Francisco Bay Area (and still growing).
  • Bengaluru, India, is now the most popular location outside the U.S. for PM roles.
  • The three most common hard skills that hiring managers are looking for from PMs are SQL, Jira, and experience with LLMs.
  • Machine-learning engineers and data engineers are the most in-demand tech functions right now.
  • The data shows that, yes, new Senior and above PM roles do appear to be growing at a faster rate than other levels.
  • Over a fifth of open PM roles globally are OK with remote, but this number is quickly declining—from over 35% of open PM roles two years ago to 22.5% today—nearly a 35% drop.
  • The San Francisco Bay Area continues to be the leading location for open product jobs at tech companies.
  • Over a fifth of open PM roles globally are OK with remote, but this number is quickly declining—from over 35% of open PM roles two years ago to 22.5% today—nearly a 35% drop.

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