from Gergely Orosz | by Gergely Orosz

The tech hiring market has never been this hot: not even during the Dotcom Boom. I talked with dozens of tech hiring managers (from managers to CTOs), swarms of people switching jobs to answer: Why this is happening, and what are companies doing who keep growing? A thread: t.co/jCMKp2jeXw

1. Covid-19 being the tipping point of companies going all-in on digital. Not just e-commerce, but all industries are investing *big* money to move to digital. No industry is absent. E.g. look at Best Buy tech spending 📈(screenshot from my report t.co/4pSmBEoQmE) t.co/nktdeQIHw7

2. Capital markets, Big Tech, New Big Tech. Flush with money and pushing the top of the market. Enough said. 3. Pent-up demand from 2020. Covid-19 made business very cautious in 2020. Projects were halted. They're back in 2021, with a budget to get it done.

4. Remote work. Most people assume this is what is driving up the market: I think it's just one element, though a significant one. Geo boundaries are removed: which is both good and bad: depends where you are based. No more "cheap" senior talent who is willing to work remote.

5. The difference between tech and non-tech disappearing. This is *actually* happening: talking with people, traditional companies are hiring Big Tech execs and teams. This is tied to #1 as well.

6. Fewer senior tech workers. Yes, this is happening, and has several root causes. So what are companies doing who are still hiring, in this storm? Many things. I cover them in-depth in my most detailed newsletter issue to date for premium subscribers: t.co/4pSmBEoQmE

Bonus: how is this different from the Dotcom Boom, what does this mean for tech workers and what about juniors? I cover all of them in this article on my blog: t.co/itIS5WVFQk

Special thanks (and recommend following) engineering leaders who contributed to this article: @entaq, @i_x_s, @barryf, @eparreno, @jakozaur, @mustafa01ali Thanks for being generous with your knowledge!