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Home Lifestyle Next Gen Wealth

Economic Uncertainty and AI Disruption Create ‘Great Hesitation’ in Tech Hiring

by Team Lumida
May 20, 2025
in Next Gen Wealth
Reading Time: 4 mins read
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shallow focus photography of red and white for hire signage

Photo by Clem Onojeghuo on Unsplash

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Key Takeaways:

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  • Tech hiring has slowed significantly due to economic uncertainty, the rise of AI, and ongoing layoffs, with companies prioritizing only critical roles and raising hiring standards.
  • Entry-level IT jobs are disappearing as AI automates tasks, while demand for AI-related skills has surged, with nearly 1 in 4 tech job postings requiring AI expertise.
  • Companies are increasingly relying on contract hires, prolonging hiring processes, and demanding salary expectations upfront to filter candidates.
  • Senior engineers and AI specialists, particularly those with advanced degrees, remain in demand, but mid-level and entry-level roles are scarce.

What Happened?

The tech job market is experiencing what experts are calling the “Great Hesitation,” as companies delay hiring decisions, focus on critical roles, and demand higher qualifications from candidates. Economic uncertainty and the rapid adoption of AI are reshaping the industry, with layoffs continuing across major firms and mid-sized IT departments.

Entry-level IT roles, such as programmers and analysts, are being eliminated as AI automates routine tasks. Meanwhile, companies are shifting resources to AI-related projects, creating a surge in demand for AI skills but leaving many traditional tech workers struggling to adapt.

Recruiters are using AI systems to screen résumés, making it harder for candidates to stand out without the right keywords. Hiring processes have become longer, and companies are increasingly relying on contract workers to fill gaps.


Why It Matters?

The shift in the tech job market reflects broader economic and technological trends that are reshaping the workforce. The rise of AI is not only creating new opportunities but also displacing traditional roles, particularly for early-career professionals.

For job seekers, the emphasis on AI skills and the use of automated hiring systems present new challenges, requiring candidates to adapt quickly to remain competitive. The scarcity of mid-level roles and the focus on contract hiring signal a shift toward a more flexible but less stable workforce.

For companies, the “Great Hesitation” underscores the difficulty of balancing innovation with cost-cutting during uncertain times. While AI offers significant efficiencies, the transition is creating skills gaps and raising questions about long-term workforce sustainability.


What’s Next?

Tech workers will need to upskill, particularly in AI and related fields, to remain competitive in the evolving job market. Candidates should focus on tailoring their résumés to align with AI-driven screening systems and consider contract roles as a pathway to full-time employment.

Companies will likely continue to prioritize AI-related roles while trimming non-essential positions. The demand for senior engineers and AI specialists will remain strong, but firms may need to address the growing skills gap to maintain productivity.

Investors and policymakers should monitor the impact of these trends on the broader economy, as the disruption in the tech sector could have ripple effects on innovation, employment, and consumer spending.

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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018