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Tech employment now significantly worse than the 2008 or 2020 recessions

twitter.com

March 6, 2026

1 min read

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75/100

Summary

US tech sector jobs decreased by 12,000 last month, with a total decline of 57,000 over the past year. This downturn is approaching the severity of the worst period during the 2024 tech-cession and is significantly worse than the declines seen during the 2008 and 2020 recessions.

Key Takeaways

US tech sector employment decreased by 12,000 jobs last month.
Over the past year, employment in the tech sector is down by 57,000 jobs.
Current job losses in the tech sector are nearly as severe as the worst of the 2024 tech-cession.
The decline in tech jobs is significantly worse than during the 2008 and 2020 recessions.

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Community Sentiment

Mixed

Positives

Top candidates in tech are commanding higher salaries, indicating a strong demand for high performers despite the overall market challenges.
Juniors are still being hired due to their cost-effectiveness and capability in utilizing AI tools, suggesting that AI skills are valuable in the current job market.

Concerns

Many experienced developers are struggling to secure interviews, highlighting a significant disconnect in the job market and a potential crisis for mid-level professionals.
The job market is perceived as incredibly tough, with concerns that the current employment situation may be worse than during previous recessions.