In recent years, employment in the software sector has declined by about 200,000 jobs. The factors driving this decline could include AI, Fed hikes or immigration restrictions, see the first chart below.
Either way, the 200,000 decline in software employment should be compared with the 63 million people who find a new job each year, the 38 million who voluntarily quit their jobs and the 21 million who are laid off, see the second chart below.
The bottom line is that, regardless of what is driving the decline in software employment, it remains insignificant compared to the broader churn in the labor market.
Note: Includes software publishers, computer system design and related services, and data processing, hosting and related services. Sources: US Bureau of Labor Statistics (BLS), Macrobond, Apollo Chief Economist Note: Data as of 2025. Sources: US Bureau of Labor Statistics (BLS), Macrobond, Apollo Chief Economist
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