Lenny's Late-2026 Tech Job Report: PMs Winning, and the Biggest AI Hiring Boom Is Outside Software

FinanceYF5 · x · 2026-11-11

Lenny Rachitsky's second job market report of 2026 — the most surprising of the five he has produced — draws on two proprietary datasets: TrueUp (tracking openings at 9,000+ tech companies) and Live Data Technologies (hiring data for 124 million professionals in the U.S.).

Key findings: PMs seem to be benefiting most in the AI era; engineering demand has stalled; design is at a record low; nearly everybody now needs AI skills; tech jobs are concentrating in the Bay Area; remote work is at a record low; and the tech job market is growing fast — but mostly outside the software industry.

Related event: Lenny's 2026 Tech Jobs Report: PMs Rise, Engineering Stalls, FDEs Surge(16 posts)→

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