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Canada's Tech Job Market Has Gone From Boom To Bust In Last Five Years
Canada's tech job market has collapsed from its pandemic-era boom, with postings down 19% from 2020 levels. Analysts say the decline was sharper than the overall job market and worsened after ChatGPT's debut in 2022 fueled AI-driven shifts in workforce demand. The Canadian Press reports: "The Canad...
Analysts say the decline was sharper than the overall job market and worsened after ChatGPT's debut in 2022 fueled AI-driven shifts in workforce demand. He thinks the fall was likely caused by the market adjusting after a pandemic boom in hiring along with recent artificial intelligence advances that have reduced tech firms' interest in expanding their workforces. When it compared Canada's overall decline in tech job postings, Indeed found the country's decrease from pre-pandemic levels was somewhat milder than the retrenchment it has observed in the U.S., U.K., France and Germany.
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