Tech Jobs Show Resilience to AI, Moody's Says

Dow Jones
Jul 01

1631 ET - Fears that artificial intelligence technology will lead to a wave of job losses in the software sector might be exaggerated, according to Moody's. Software-related employment has risen about 15% from 2019, compared to 5% for the rest of the private sector, the credit-ratings provider says, citing data from the U.S. Bureau of Labor Statistics. It adds that an analysis of recent earnings calls by 700 software companies also didn't show a clear trend toward job cuts. In addition, data on new business formation indicate that, rather than erasing software jobs, AI makes setting up such businesses less costly, so enables more technology startups, Moody's says. "Software companies may be reluctant to lay off software engineers in large numbers, since it is now easier for them to band together and develop competing products." (luis.garcia@wsj.com; @lhvgarcia)

 

(END) Dow Jones Newswires

June 30, 2026 16:31 ET (20:31 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10