In a Sea of Tech Talent, Companies Can't Find the Workers They Want

Tech companies are struggling to fill AI-specialized roles despite a surplus of available tech talent. U.S. colleges more than doubled the number of computer science degrees awarded between 2013 and 2022. Major layoffs at Google, Meta, and Amazon flooded the job market. The Bureau of Labor Statistics predicts businesses will employ 6% fewer computer programmers in 2034 than last year. The disconnect stems from companies seeking workers with specific AI expertise. Runway CEO Cristobal Valenzuela estimates only hundreds of people worldwide possess the skills to train complex AI models. His company advertises base salaries up to $490,000 for a director of machine learning. Daniel Park's startup Pickle offers up to $500,000 base salary and expects candidates willing to work seven days a week. The WSJ story includes the example of one James Strawn, who was laid off from Adobe over the summer after 25 years as a senior software quality-assurance engineer. The 55-year-old has had one interview since his layoff. Matt Massucci, CEO of recruiting firm Hirewell, told the publication companies can automate some low-level engineering tasks and redirect that money to high-end talent.

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