Why is there a recession in IT jobs?

Video Description

Just a few years ago, learning to code was considered the golden ticket to a high-paying, secure career. But now, the IT job market is collapsing. ------------------------------------------------------------------ ► Join 40,000+ business minds who read my newsletter: http://bit.ly/SmallBusinessMBA ► Deep dives on businesses for sale: https://www.youtube.com/@AcquisitionsAnonymousPodcast ► Follow me on Twitter/X: https://x.com/girdley ------------------------------------------------------------------ When we look back, governments, universities, and tech leaders all pushed the idea that software engineering was the future. But headlines are now showing a different story. - Tech layoffs are at an all-time high—over 200,000 IT jobs disappeared in 2023 alone. - The unemployment rate for tech workers jumped to 5.7%—far higher than the national average. - Offshoring and AI are fundamentally reshaping how companies hire and build software. So, what happened? How did we go from "software is eating the world" to "the tech industry is shrinking"? In this video we’ll explore - Why the "Learn to Code" movement backfired - How AI, offshoring, and automation are changing software jobs forever - The real reason companies are cutting IT jobs—and what it means for YOU - Whether programming is still a smart career move in 2024 The IT job market has changed—here’s what you need to know.