The initial impact of the COVID-19 lockdown is less severe in tech than other industries, according to the Dice Tech Job Report: The Early Impact of COVID-19.
At a high level, the data in the report suggests that, currently, the tech industry is more insulated from COVID-19 than other industries such as food, hospitality and tourism. As a whole, there was a significant increase in job postings in Q1 of 2020 compared to Q1 of 2019.
Amidst the lockdown, businesses still require a stream of professionals who can keep operations running as usual, or to help pivot their strategy in order to better meet demands such as expanded e-commerce.
For many tech leaders, however, the degree to which the pandemic would impact every aspect of company operations came as a shock. Some organizations already have remote policies in place, and their workforce is adept at off-site collaboration. But many others have never had to embrace remote work to such a degree.
While larger businesses are experiencing challenges, it appears that they're more insulated than their smaller peers that require a consistent flow of cash to maintain (or grow) their workforces. If the COVID-19 crisis continues for several quarters, though, even large enterprises may need to radically adjust operations and strategies in order to maintain their customer base and revenue, which could impact how they hire.
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