Canada's tech job market is in decline, new study finds

 

 

Canada's tech job market has been in decline for the past five years, according to a new study by job posting site Indeed. It says that vacancies in August were down 19 per cent compared to the start of 2020.

Indeed says the decline could be due to changes in the market, recent advances in artificial intelligence, and a lack of interest from tech companies in adding workers. Tech job postings were already starting to decline when ChatGPT was launched in late 2022. This led to an increase in interest in AI. Therefore, Indeed explains that it is difficult to identify the main reason for the decline in tech jobs. Although most of the decline in tech job postings has occurred in software engineering positions, hiring for AI-related jobs is still high compared to the start of 2020.