In 2024, the know-how sector noticed but extra layoffs after huge cuts in 2022 and 2023. Although the tempo was considerably slower final yr, greater than 150,000 staff had been laid off throughout a whole lot of corporations, in accordance with Layoffs.fyi, a web site began throughout the COVID-19 pandemic to trace tech layoffs all over the world. The most important single reduce got here in August, when Intel reduce 15 percent of its workforce—roughly 15,000 roles—by, for instance, consolidating its gross sales and advertising staff. To start out the brand new yr, in January 2025, tech corporations introduced one other 5,000 layoffs. Greater than half of those are from Meta’s 5 % workforce reduce.
Regardless of these numbers, nonetheless, engineers appear to be doing simply wonderful. U.S. employment for electrical engineers is anticipated to develop 9 % from 2023 to 2033, in contrast with 4 % for all occupations, in accordance with the U.S. Bureau of Labor Statistics (BLS). And amongst IEEE members, the median earnings of U.S. engineers and different tech professionals was US $174,161 in 2023, up 5 % from the yr prior, IEEE-USA’s annual survey found in September.
Extra just lately, the World Financial Discussion board’s Future of Jobs Report 2025, based mostly on 2024 information, revealed that technology-related roles are the fastest-growing classes globally, with essentially the most fast progress in demand anticipated for big data specialists, financial-technology engineers, AI specialists, and software developers. The report additionally predicted progress in engineering fields, together with environmental and renewable energy, robotics, and electrotechnology engineering.
The upshot: Whereas many tech corporations proceed to restructure, extremely expert tech consultants stay in demand.
Tech Abilities In Demand
The Way forward for Jobs Report additionally checked out expertise that employers throughout all industries think about vital. It discovered the largest improve in three classes of know-how expertise: AI and massive information expertise, networks and cybersecurity, and know-how literacy.
The sectors of telecommunication and automotive and aerospace are notably serious about AI and massive information expertise; 100% of companies surveyed in these fields mentioned these expertise will develop in significance over the subsequent 5 years.
Given these anticipated adjustments, staff might want to obtain coaching to enhance their efficiency in present or new roles. For instance, 96 % of employers in telecommunications plan to upskill and reskill their workforces, the report discovered.
On the identical time, nontechnical expertise are additionally anticipated to rise in significance and complement know-how experience. Will probably be important for employees to be able to inventive pondering, resilience, flexibility, and lifelong learning.
Actually, many corporations at the moment take a look at nontechnical skills when hiring new engineers, says Julia Lapan, assistant dean for profession growth on the College of Virginia College of Engineering & Utilized Science. Whereas technical know-how is vital for younger engineers, “the underside line is, as soon as college students get out into the working world, they’re going to need to constantly be taught,” Lapan says. “All of us need to be keen to adapt.”
An Engineering Recruiter’s View
Though many corporations have scaled again on hiring generally, the job market for electrical engineers within the United States stays aggressive, says George Santos, the managing director of the Naperville, Sick.–based mostly recruiting agency 180 Engineering. “It’s an excellent time to be an engineer,” he says.
In Santos’s expertise, these days there was extra demand for embedded and firmware engineers, and for these with controls or automation expertise. With the rise of smart manufacturing comes refined equipment that includes many sensors and an abundance of data transmission. Electrical engineers will “play an important half” in constructing and sustaining these automated techniques, says Santos, who anticipates progress within the semiconductor and renewable vitality sectors as effectively.
In accordance with surveyed employers, tech experience—equivalent to the primary three rows—tops the listing of expertise anticipated to extend in significance over the subsequent 5 years.
In accordance with the BLS, demand for electrical and electronics engineers in semiconductor manufacturing is anticipated to develop by 15 % from 2023 to 2033—and the semiconductor industry pays its EEs effectively, with a median annual wage of nearly $145,000. The BLS additionally initiatives that demand for EEs in photo voltaic and wind electric power era will develop considerably over the identical time interval, although they continue to be a small portion of general employment.
Discovering a specialization may also help new engineers get forward, Santos provides. “It’s going to make you extra precious available in the market.” Having a background in one thing like power electronics or embedded firmware will make a candidate stand out. “There’s not a complete lot of these of us round,” he says.
Return to Workplace
Past the industries or specialties, it’s clear the place engineers and tech staff are much less more likely to discover jobs in 2025: at dwelling.
Nearly 5 years after the COVID-19 pandemic made remote work ubiquitous, many tech corporations are bringing their staff again to the workplace. Amazon and Dell, for instance, now require staff to work within the workplace 5 days per week. Many others, together with Apple, Google, and Meta have taken a hybrid method and require not less than three days within the workplace every week.
The U.S. authorities has additionally adopted swimsuit, with the Trump administration’s return-to-office mandate issued on the primary day of Donald Trump’s second time period as president. As of Could 2023, roughly 21,000 electrical and electronics engineers had been employed by the federal authorities.
The push for in-person work, supposed to extend productiveness, is unpopular with many staff. Actually, these mandates could trigger prime expertise to depart—a pattern already being seen at some highly effective tech corporations.
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