Close Menu
Technotification
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Technotification
    • Home
    • News
    • How To
    • Explained
    • Facts
    • Lists
    • Programming
    • Security
    • Gaming
    Technotification
    Home › Opinion › Why Software Devs Are Safe From Inflation?

    Why Software Devs Are Safe From Inflation?

    By Rishabh ShandilyaDecember 4, 2022
    Facebook Twitter Reddit LinkedIn
    developer typing on keyboard x

    Developers were understandably rattled by the recent round of widespread layoffs in the technology industry. The rumors are spreading quickly. Many Businesses have indicated they would be reducing staff. There’s always the nagging thought that “next time it may be me” when you hear a story like this.

    Unemployment is a stressful situation for everyone, but it may be particularly difficult for those who have financial obligations. In my perspective, those working in the IT industry have nothing to worry about, and here’s why. As a new business venture is formed every day, the industry continues to expand. The need for programmers, artists, and product managers continues to rise.

     Software Devs

    However, why is there such a large-scale layoff?

    The Nature Of Cuts

    Following the devastating effects of COVID-19 in March of 2020, several businesses worldwide put a halt to new hire announcements. Everybody was assigned to work from home. The future was a complete mystery. There was a beginning of a new era, and the world changed. Many individuals lost their employment as a result of the lockdowns, as restaurants were forced to close.

    The popularity of online shopping and shipping has increased. Electronic payment systems were much more widely used. In time, vaccination was created. A new dawn had broken for humanity. There was a sudden uptick in economic activity. Governments throughout the world have eased travel prohibitions, and some businesses have summoned their staff back to work.

    family airport masks x header x

    Nonetheless, they had much too high hopes. We saw a lot of digital enterprises expand. The value of their shares hit a new record high. Every year, businesses increase their workforce. And eventually, everyone saw through the deception. Additionally, Russia initiated the conflict, and the subsequent energy crisis disrupted the existing economic order.

    Are Software Devs Really Safe?

    The IT industry will keep expanding. The concept of “digitization” continues to be a trendy one. So much more has to be accomplished in that area. In Germany, for instance, some of the largest companies hand-deliver a letter to each shareholder detailing the year’s financial results and dividend distributions. It’s no surprise that software developers are in high demand if we want to keep the digitalization movement going strong. Improvements need to be made to many current systems. Fitness apps, as well as e-commerce, have both had meteoric rises in popularity over the last several years.

    It does not imply that everyone will soon transition to the metaverse. In fact, it’s proof that businesses can attract clients from all over the world by using the power of the web. These days, it seems like every other company needs a website, a smartphone app, or some kind of automated fulfillment system. The news that Netflix would be laying off some of its software engineers comes as a surprise at first. Upon more consideration, we see that their joblessness will not last forever.

     Software Devs

    Our economy is not at its finest during recessions. Nonetheless, every recession is followed by a rebound that ultimately strengthens the economy. There is a greater effect on certain fields than on others. The IT workforce is the least likely to be affected. There should be enough jobs for everyone for at least ten years.

    Share. Facebook Twitter LinkedIn Tumblr Reddit Telegram WhatsApp
    Rishabh Shandilya

    Rishabh is a tech-savvy wordsmith with a flair for crafting captivating how-to guides, troubleshooting manuals, and enticing app lists for iOS and Android. With a passion for gadgets and a penchant for watching smartphone battles on YouTube, Rishabh combines his love for technology with his skillful writing prowess. When he's not immersed in the digital realm, you'll find him writing filmmaking articles, swinging a cricket bat, or watching movies that none will watch.

    Related Posts

    10 Tips for Balancing Screen Time and Mindfulness in a Digital Age

    March 12, 2025

    Is C++ Still Relevant in 2025 and Beyond?

    February 20, 2025

    Starlink in India: Game-Changer for Airtel & Jio?

    February 20, 2025

    High-Paying Tech Jobs You Can Do From Home

    February 7, 2025

    From Blueprint to Reality – CNC Mills Got the Sauce

    September 9, 2024

    Why You Need Managed IT Services: Scaling Your IT Infrastructure With Ease

    August 8, 2024
    Lists You May Like

    10 Sites to Watch Free Korean Drama [2025 Edition]

    January 2, 2025

    10 Best RARBG Alternative Sites in April 2025 [Working Links]

    April 1, 2025

    The Pirate Bay Proxy List in 2025 [Updated List]

    January 2, 2025

    10 Best Torrent Search Engine Sites (2025 Edition)

    February 12, 2025

    10 Best GTA V Roleplay Servers in 2025 (Updated List)

    January 6, 2025

    5 Best Torrent Sites for Software in 2025

    January 2, 2025

    1337x Alternatives, Proxies, and Mirror Sites in 2025

    January 2, 2025

    10 Best Torrent Sites for eBooks in 2025 [Working]

    January 2, 2025

    10 Best Anime Torrent Sites in 2025 [Working Sites]

    January 6, 2025

    Top Free Photo Editing Software For PC in 2025

    January 2, 2025
    Pages
    • About
    • Contact
    • Privacy
    • Careers
    Privacy

    Information such as the type of browser being used, its operating system, and your IP address is gathered in order to enhance your online experience.

    © 2013 - 2025 Technotification | All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.