Tech Salaries See Steep Decline in 2023, Especially for Junior Roles

Tech salaries dropped 3% from $161K to $156K for hybrid & fully in-person roles in 2022.
Adjusted for inflation, salaries dropped 9% from $141K to $129K from 2022 to mid-2023, the lowest in 5 years.
More experienced talent less likely to see salary decreases than junior talent.
Junior talent salaries decreased nearly 5% year-over-year.
Demand for junior roles dropped from 45% in 2019 to 25% in early 2023.
Average tech salary still high at $158K, nearly double the $78K average for US knowledge workers.

zdnet.com

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Posted 9/21/2023, 1:00:52 PM