What this means for you
Expect significantly increased competition and fewer available roles across the tech sector. Candidates must demonstrate exceptional value, adaptability, and proficiency with emerging AI tools to differentiate themselves in a tighter market. Goldman Sachs emphasised that generative AI is hitting white-collar knowledge, creative and tech service jobs hardest, with call center employment 39% below trend in US, 33% in Canada, 27% in Germany, and hiring slowdowns across developed markets since 2022.