Tech industry’s decline: Our shifting career preferences

new career options for Gen Z

So this year thousands of the technically skilled personnel have been leaving their jobs and we, the Gen Z, are realizing that fun and foods with fat stock options are not for us anymore.

The new order

Although Google, Amazon, and Apple were formerly our preferred employers, they have now fallen, a 2024 Career Interest Survey by the National Society of High School Scholars, a nonprofit academic honor society with more than two million members has revealed. The survey was carried on from January 17 and March 6, and involved over 10,000 people in the U. S, and other states, and in military states overseas.

Google’s popularity has declined significantly over the years, it dropped to the 7th most wanted employer in the year under review, 2024, down from being the 4th most wanted employer in 2022. This survey was conducted in 2018, and Google was our second most preferred employer in the list while it was the topmost choice in 2017. Google slipped to the 8th place from the 5th choice of employer among graduates in 2024, Amazon slightly following behind in 2024 at number 8 instead of number 5 in 2022. Apple went down a rank dropping out of the 8th position to the 9th position in the range between the calendar year 2022/2024.

The change from 2018 to 2024 could represent the full decade of the boom in technology hiring and then the march of layoffs beginning in 2022. In a survey of 2024 college graduates by Handshake, a job search platform for college students, 76% of us said job stability was the most important factor when considering where to apply. Location was the second-most important factor, and positive employer reputation was the third-most important.

What is the new trend?

While the tech industry seems to be losing our interest, healthcare is gaining. St. Jude Children’s Research Hospital, Mayo Clinic, and Health Care Service Corp. were the top preferred employers for us in 2024. Healthcare climbed the list of issues most important to us, with 32% calling it an issue that’s important to them. On the same list, innovation in science and technology fell from 34% in 2022 to 28% in 2024.

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