Although the US tech and IT sectors saw major layoffs in mid-2020 due to the COVID-19 pandemic, the sectors have recovered most of the lost jobs. Even better, salaries actually rose by 3.6% in 2020, according to Dice.com’s 2021 Tech Salary Report — and will continue to do so in 2021.
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But the salary growth accrued to just 52% of tech employees surveyed; 35% saw flat wages, and the rest (13%) saw declines. Those who saw declines cited a change of employer, layoffs, or company-wide salary reductions as the main causes — all of them effects of the pandemic.