Tech job seekers without AI skills are encountering a harsh reality: lower salaries and reduced job prospects. The U.S. IT job market is anticipated to contract by 20,000 to 30,000 positions in 2024 due to AI-driven automation.
Roles in telecommunications and entry-level IT are declining, while demand for cybersecurity, AI, and data science is rising. Companies, facing inflation and higher interest rates, are reassessing their need for IT positions. Layoffs persist in the tech sector, with giants like Cisco and DocuSign reducing staff.
Without AI knowledge, job seekers face a relative disadvantage as the corporate shift towards AI persists, shaping the job landscape.