Has the Digital Industry Met its End?

Athan Kang (10) | STAFF REPORTER

Computer scientists have been in high demand within the tech market during the 2010s. As technology grew increasingly popular, more people began to develop interests within the technological industry. However, in today’s day and age, tech titans such as Facebook and Amazon are halting all job hirings and firing countless workers. 

During the 2010s, the job market within the tech industry was prosperous; software companies were recruiting new workers on the daily. Many jobs were offered to students through internship programs in hopes that they would come back to work full-time after graduation. Additionally, new technologies were constantly being unveiled to the public, like the iPad. This caught the eyes of many, which led to the increasing number of young students choosing to major in computer sciences, wishing to be a part of this thriving market.

In spite of this job market boom, the 2020s didn’t carry the same sequel –in fact it was the opposite. Large tech firms accepted less new candidates and workers were being fired from their positions. Hiring plans and internship programs were being modified and occasionally, discontinued. This sudden wave of unemployment within these corporations sent several tremors throughout the digital market as well as encouraging many young, aspiring software engineers to reconsider their career paths. Many post-secondary students and graduates were not expecting the sudden slowdown in employment, which led to some swapping majors.

Each business had their specific reasons for these outcomes but they all shared a common argument which was the COVID-19 pandemic. When the pandemic impacted people on a worldwide scale, people resorted to going almost totally online, leading to sky high profits for tech establishments. This, in turn, led to these establishments going on a hiring frenzy with the belief that the pandemic was the new norm and the desire to maintain their superior status within the market.

In reality, the pandemic came to an end and society began to return to how it was before the pandemic. Therefore, these tech companies hired too many workers as inflation was still a problem. These businesses had to fire workers as well as stopping recruitment in order to prevent themselves from going out of business.

All in all, the sudden crash within the employment sector of the tech industry has caused a great deal of disturbances to potential individuals who wished to be part of the digital front. With the pandemic being one of the major reasons for this disaster, the 2020s was not a great time for the tech economy compared to the prosperity of the 2010s.