Inside Big Tech’s bet on junior engineers
Big Tech is betting on future demand for software engineers, and if they win this bet, enterprise companies cutting entry-level hiring now will face an expensive fight for engineers in a few years.
Key takeaways:
- Entry-level offer volume is down 44% since Q1 2022. P3-P6 and Management are flat, while Executive hiring rose 16%.
- Since Q1 2024 the market split: entry-level SWE is up 80% while every other entry-level function fell 37%.
- Nearly all of the gain in Software Engineering belongs to $100B+ tech companies (+166% versus +8% for everyone else), concentrated in New York, Seattle, and San Francisco (+233%).
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