Jobs Report Mixed for Tech Industry
Tech services, tech manufacturing and cloud infrastructure added jobs for the month, while the broader measure of tech employment across the economy took a breather, according to analysis by CompTIA, a suburban Chicago-based industry trade association.
Tech sector companies increased staffing by 18,795 positions in April, the largest volume of monthly hiring since August 2022, according to CompTIA’s analysis of U.S. Bureau of Labor Statistics data.
Tech occupations throughout the economy took a step back, declining by 99,000 positions. The unemployment rate for tech occupations inched up to 2.3%, still well below the national unemployment rate (3.4%).
“It was another all-too-familiar month of mixed labor market signals,” said Tim Herbert, chief research officer at CompTIA. “The surprisingly strong tech sector employment gains were offset by the pause in tech hiring across the economy.”
Employers listed more than 300,000 job postings for tech positions in April, signaling demand for tech talent continues to hold up.
Within the tech sector three occupation categories paced April hiring, led by IT services and custom software development (+12,700). Job gains was also reported in cloud infrastructure, data processing and hosting (+7,300) and PC, semiconductor and components manufacturing (+3,200).
Employer job postings for tech positions were widely dispersed geographically and by industry. Employers in administrative and support (32,861), finance and insurance (32,820) and manufacturing (31,959) were among the most active last month.
Among metropolitan markets, Washington, New York City, Dallas, Los Angeles, and Chicago had the highest volumes of job postings. Dallas, Houston, Philadelphia, Boston, and Seattle saw the largest month-over-month increases in tech job postings.
The number of tech job postings that specify remote work or hybrid work arrangements as an option continued to trend upward in April – more than 65,000 positions across the country, with software developers, IT project managers, data analysts and jobs in emerging technologies topping the list.
The data provide channel partners with an overview of current market conditions plus a view to where money is being invested.
Cisco Offers Deferred Payments
Cisco has announced the launch of its “Cisco Capital Business Acceleration Program,” designed to help customers mitigate financial challenges based on overall market uncertainty.
The program will allow customers purchasing Cisco products or solutions before July 29, 2023, to defer all payments until 2024. Payments deferred until 2024 would be based on the total amount financed and contract terms.
“Our goal is to provide payment options that allow continuous technology investment to maintain productivity and business continuity while minimizing cash outlays,” said Kristine A. Snow, SVP and President of Cisco Capital. “Customer success is our priority. The new program is designed with this in mind and will help address some of our customers’ most pressing concerns.”
All Cisco solutions are eligible for this program, including hardware, software, and services, as well as select partner services and third-party hardware. To complement the initiative, the Cisco Refresh portfolio of Cisco certified remanufactured products is also eligible for the Cisco Capital Business Acceleration Program, helping organizations acquire competitively priced and ready-to-ship hardware.
Payment solutions, applicable financiers and availability of any referenced programs will vary by jurisdiction. Financing and service offerings through Cisco Systems Capital Corporation and its affiliates are available in certain jurisdictions and are subject to credit approval and execution of standard Cisco Capital documentation. Payment solutions not available through Cisco Capital may be offered by an independent financing source. Rates and terms are based on customer’s credit rating, offering types, product types and options. Other restrictions may apply.
The Cisco Capital Business Acceleration Program is expected to enhance organizations’ access to the solutions they need for their ongoing digital transformation. For partners, the program provides another payment option to introduce to their customers enabling them to accelerate necessary technology investments while maximizing cash preservation.
Comcast Business, Fortinet, and Exclusive Networks Offer New SD-WAN Sales Route
Comcast Business, Fortinet, and Exclusive Networks have teamed up to deliver a new distribution sales route and managed SD-WAN services for VARs and MSPs. The collaboration expands the Masergy Guardian Portfolio with the intention of adding additional sales routes and helping resellers offer fully managed SD-WAN and security management services in more markets.
The Masergy Guardian Portfolio converges networking, security, and services with an eye toward making it ideal for those without service operations, technical expertise, or SD-WAN certifications. The combination of Comcast Business’ network and managed security services, Fortinet’s Secure SD-WAN solution, and Exclusive Networks’ global expertise, is intended to offer partners reliable, high-quality solutions with which to address remote work connectivity and security.
No technical certifications are required. Resellers can maintain Tier 1 & 2 client support.
The joint Comcast Business and Fortinet Secure SD-WAN solution is now available to resellers through Exclusive Networks.
The collaboration is intended to provide a unique and differentiated market proposition that addresses customer needs, creates new revenue streams, and drives growth.