How is the IT job market treating you in Sydney?

The IT job market in Sydney seems to have hit a quiet patch, with many professionals feeling the impact.

Several factors could be contributing to this slowdown:

Economic Uncertainty: With global economic concerns, high interest rates, and inflation pressures, many companies are tightening their budgets, leading to fewer job openings and more stringent hiring processes.

End of Pandemic Boom: The surge in IT jobs driven by digital transformation during the pandemic appears to be stabilising, leaving some roles redundant or contracts unrenewed as projects wrap up.

Cost-Cutting Measures: Businesses are increasingly looking to cut costs, which might involve downsizing or delaying new hires in IT departments.

Shift to Remote Work: The continued shift to remote work has allowed companies to hire globally, which may be impacting local job availability in Sydney.

Post Covid borders migration: eg. a ton of IT workers flooding our market leading to oversupply & much lower salaries

Al has automated entry-level dev roles

Keen to hear how this has been affecting you in the IT sector?

Have you been impacted by these changes, or are you still finding great opportunities?

How do you think it would fair for the remainder of the year?

Poll Options

  • 5
    My role was made redundant recently 😞
  • 0
    My contract was not renewed, now job hunting again πŸš€
  • 7
    Job security is shaky, but still holding on 🀞
  • 1
    Landed a new job or contract, things are looking up! πŸŽ‰
  • 14
    No changes, it's business as usual for me πŸ§‘β€πŸ’»
  • 10
    IT market is booming, great opportunities everywhere! πŸš€
  • 15
    Not in IT, just here to see the results πŸ‘€

Comments

  • +6

    Could be a case of if your job can be done remotely it can also be sent offshore.

    • +1

      And/Or done by a bot

  • +1

    Need another poll option. I left IT 3 years ago and don’t regret it one bit.

    • +2

      Genuine interest here. What are you doing instead? (if not retired)

    • 4 years and the same.

  • +11

    Al has automated entry-level dev roles

    And quite a bit of forum post content

    • IT tech support has always been about searching Tom's Hardware to find solutions

  • Maybe OP is a AI/ML bot tasked at stirring the pot and gather the responses from the stirred up OzB-gainers

  • +7

    If you are using ChatGPT in you resume and daily correspondence, you will struggle to show you are adding value.

  • +3

    What does IT even mean though, could mean very different jobs.

  • +1

    IT is always competitive. It's getting worse against machines though. Good luck!

  • +1

    IT is such a broad term that it covers everything from helpdesk at Uber to CTO at Canva, so you're going to get a lot of different answers.

    Personally I'm loving my career at the moment. Just under $200k, completely remote, tonnes of benefits and work with a great team.

    Al has automated entry-level dev roles

    Eh, no it hasn't. AI is a tool. If the task being done by someone can be entirely replaced by an AI model then that person wasn't doing anything really skilled in the first place.

    My team uses AI to complement their work, but it will never replace them as skilled engineers.

  • +2

    Shift to Remote Work: The continued shift to remote work has allowed companies to hire globally, which may be impacting local job availability in Sydney.

    Yes, this is happening more and more. I work remotely in VIC. My boss and a project manager are in Sydney with the rest of the business in Phillipines, India, UK and around Europe.

    Al has automated entry-level dev roles

    Whilst, yes, AI is replacing some elements of DEV work (if you are in that space), you still need to know what you are doing, where and how to insert the code plus diagnose any issues. In some ways it might replace senior DEVs rather than Juniors, that is my experience.

    Cost-Cutting Measures: Businesses are increasingly looking to cut costs, which might involve downsizing or delaying new hires in IT departments.

    And this is what leads to businesses getting hacked. Cut Costs in IT > then results in hack > then costs more money than original IT team.

    Keen to hear how this has been affecting you in the IT sector?
    Have you been impacted by these changes, or are you still finding great opportunities?
    How do you think it would fair for the remainder of the year?

    Overall, I don't have a problem. I am in the Web Development space and its going well. It is competive and salaries aren't super high, but if you find the right role and business there is opportunity.

    • I think it is a good thing we are going global. Ensure only the best in IT get jobs. That's my mantra.

      A lot of locals are scared, but the quality of education is pretty high in Australia compared to most expat countries. US is basically draining away a lot of our good talent though, so we end up getting the raw end of the stick.

      You never see an Harvard IT graduate in Australia because they are mostly in Silicon Valley. Some good talent comes from the UK, but other than that I can't say good things about my peers because they are that bad.

  • It must be booming.

    Go take a look at the other thread. If you look carefully at the contributors you will find someone who found a quick job, then subsequently asks about outsourcing workers, then finally jumps ship to another employer.

    If I find out who you truly are, you are going down.

    In other news:
    There was also a recent complaint that some program to create a Commonwealth backend for the government lost some $50+ million because of incompetent IT workers they recruited.

    I do wonder why we keep hiring these low skilled foreign IT workers when we have the talent here. Slap on a masters degree isn't going to help someone who wasn't trained to a Harvard standard. Even locals are better.

    Segueing on something else I saw in those past IT employment threads:

    Sadly, you also have other people like those mentioned in techlead's video where the person is a good coder but he finds himself homeless, whilst you have foreign migrants that come and exploit the Australian government.

    This is not to say all migrants are bad, but a damn large percentage of the expat IT community in Australia are pathetically poor at what they do from what I have personally seen and experienced.

  • +2

    Sadly the biggest problem is the way the universities basically churn out graduates. You can tell because those candidates have a Bachelors from the following listed below, and then a Masters from University of New South Wales or somewhere apparently prestigious but the HR algorithms put everyone into the same basket. The quality of these candidates is very poor and sadly the OP is competing against these people.

    University of Colombo, University of Mumbai, Cebu Technological University; permanently blacklisted.

    There are also additional problems whereby some people I suspect are just buying their degrees from offshore companies, coming to Australia and getting jobs.

    So overall, not only is there a quality of education issue with those international students, but also you don't even know if they have a good background at all.

    I do all my hiring myself now, but the government still uses some type of external human resources team that frankly don't have a clue what is actually going on.

    Worst of all, I know friends of mine earlier in their careers that couldn't find jobs. They had the talent but they were forced onto Centrelink and ultimately into a different sector because you have these migrants that are somehow fraudulently obtaining these good jobs. And yes, it's fraud if you lie about your credentials.

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