Israeli High-Tech Job Market Sees More Seekers Than Openings
Translated & summarized from Mako by baba
Israel's high-tech sector is experiencing a downturn, with September data showing 95 job openings for every 100 ICT job seekers, down from 135 before the war. The number of tech job seekers has risen 58% in three years, while openings grew only 10%. This trend, particularly affecting software developers, is expected to worsen, potentially leading to a deficit of 1,900 jobs by September 2027.
The story in 5 lines · by baba
- Israel's high-tech sector now has fewer job openings than job seekers.
- In September, there were 95 tech job openings for every 100 seekers.
- Tech job seekers increased 58% in three years, while openings grew only 10%.
- Software developers and application analysts are the largest group of job seekers.
- The gap could widen to 1,900 more seekers than jobs by September 2027.
A recent report from Israel's Employment Service indicates a significant shift in the high-tech job market, with more job seekers than available positions in core tech roles. In September, there were only 95 open positions for every 100 job seekers in information and communication technology (ICT) fields, a stark contrast to the 135 openings per 100 seekers before the October 7th war.
Over the past three years, the number of job seekers in these tech professions has surged by approximately 58%, reaching about 10,300 by September. Concurrently, the number of available positions has only grown by about 10% to roughly 9,700. This trend has reversed the market's previous state, where openings outnumbered seekers.
Software developers and application analysts represent the largest group of job seekers, with their numbers increasing by about 60% since September 2023. The Employment Service clarified that this rise is not limited to entry-level workers, noting that even experienced professionals are facing increased competition.
Experts suggest that the high demand in the sector during its peak in February 2022 may have attracted many workers, while a subsequent cut in open positions by more than half, coupled with a growing workforce, has created the current imbalance. Factors like artificial intelligence impacting code writing and a shift in investments towards hardware companies are also cited as contributing to the decline in software roles.
The Employment Service warns that this gap could widen further. If the current trend continues, there could be approximately 1,900 more job seekers than positions by September 2027. This situation is also reflected in company forecasts, with over a third of high-tech firms expecting to hire less in the latter half of the year.
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