Tech jobs report: PM openings up 56% since 2023 while engineering demand stalls at +2.5%
lennysan · x · 2026-11-11
Lenny Rachitsky's fifth biannual tech job market report (TrueUp data across 9,000+ companies plus Live Data Technologies' 124M professionals) is his most surprising yet:
- PMs are winning: product management openings up 56% (+7,303) since Jan 2023, beating engineering (+43%) and data (+18%)
- Engineering demand has stalled: 65,351 open roles, with growth decelerating from +27% to just +2.5% after 2025
- Design at record low: only 1,924 open design roles, below the previous low of 1,957 (Dec 2023)
- FDE roles exploding: forward-deployed engineer openings up 4.6x in a year to 1,450
- Also: AI skills required everywhere, jobs concentrating in the Bay Area, remote at record low, and tech hiring growth is mostly outside software
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