Report: 2023 Markets & Hiring
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Get a full debrief on the economic and hiring trends that engineering leads need to know.
Engineering leaders, create a 2023 gameplan.
Get actionable tips on some of the most important budget and talent considerations for 2023. This executive summary covers macroeconomic trends and shifts in the hiring market so you can better understand how 2023’s market conditions will affect you.
53%VC funding decreased YoY
Funding
Startup funding plummeted in 2022, which means a tough year ahead for startups
51%of IT orgs to increase 2023 spending
Budgeting
Despite a challenging economic climate, more than half of IT orgs will spend more in 2023
23%of IT pros will apply only to remote jobs in 2023
Hiring
Supporting distributed teams will be a crucial differentiator for hiring and retention
While there’s a lot of economic uncertainty right now, there are silver linings to building a company in a downturn.
Josh BrennerCEO, Hired
We saw many changes occur – such as a rollback of remote work and DEI initiatives, as well as enactment of wage transparency laws.
Robert KrohnHead of Eng, Agile & DevOps, Atlassian
Providing developers with greater autonomy will be more important than ever, especially within smaller and very large companies.
The 2023 economy will likely face slowed growth rates, but engineering teams will still be expected to deliver software incredibly fast.
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