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Technology Sector Shed Record Number of Jobs in April


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A man wearing gloves works on a laptop.

Information technology trade group CompTIA estimated U.S. IT employers lost a record 112,000 jobs in April.

Credit: Gerry Broome/Associated Press

A report by information technology (IT) trade group CompTIA estimated that U.S. IT employers lost a record 112,000 jobs in April, based on U.S. Labor Department data.

IT job attrition is occurring despite strong demand for technology, as companies race to deploy remote-working during pandemic-driven lockdowns.

Nearly 50% of the country's 12 million tech employees work in the enterprise tech sector, with the rest in IT-related jobs, and the total IT workforce constitutes about 8% of U.S. labor.

Although enterprise IT hiring by non-tech firms fared better, with 80,000 new jobs in April, these gains were undercut by overall IT job losses.

Market researcher Canalys said many companies are sidelining IT projects, including artificial intelligence or automation implementations, while Tom Gimbel at tech staffing firm LaSalle Network expects a rebound after the crisis as employers seek to implement technologies to boost savings and efficiencies.

From The Wall Street Journal
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