Press quotes and mentions of Janco

Wall Street Journal - 1/5/2024

IT Employment Grew by Just 700 Jobs in 2023, Down From 267,000 in 2022 - US IT jobs slump as AI takes over

... intelligence and ChatGPT spawned huge interest from businesses.

Job losses in the First half of 2023, including layoffs at technology - driven companies that dominated the period, hurt overall hiring for tech jobs in industries, said Victor Janulaitis , chief executive of consulting company Janco Associates. The firm bases its findings on data from the U.S. Department of Labor.

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ComputerWorld - 2/14/2024

Tech spending shifts to meet AI demand, forces a ‘reshuffling of skills’ for workers

... Harvard Business School Professor David Yoffie.

While unemployment rates remain near historic lows, getting a bead on how tech workers are faring is complicated. Unemployment rates in the US IT market vary wildly, depending on whether the data comes from CompTIA, an IT trade association, or Janco Associates, an IT business consultancy.

CompTIA pegs the IT unemployment rate in the US at 2.3%, more than a full percentage point below the national unemployment average of 3.7%. Janco Associates, however, puts IT unemployment at 5.5%, more than a full point above the national average. And ... Janco's data paint a far grimmer picture for 156,000 unemployed IT pros.

Like Challenger, Janco Associates CEO Victor Janulaitis places some of the blame for layoffs at the feet of AI, mainly because the technology's ability to automate tasks will eliminate workforce needs.

"Layoff will continue as more 'routine' IT jobs are eliminated," Janulaitis said. The first to go are help and service desks as AI ... employees to support their genAI initiatives; she sees a coming hiring boom, "it's just going to be in a different area."

"Companies like Facebook will continue to lay off as they look to improve productivity. Facebook shed employees and improved earnings. Over time we see that size pollutes." -- Janco Associates CEO Victor Janulaitis.

Employee attrition has more to do with a reallocation of financial resources than simply the elimination of unneeded workers, according to experts.

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• ComputerWorld India - 2/14/2024 (India)
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ComputerWorld - 2/23/2024

The highest-paid IT skills - and why you need them on your resume

... new report from employment website Indeed and other sources.

For example, the top three skills - genAI, system-on-a-chip (SoC) and deep learning - each command an annual salary north of $170,000.

This year, the median salary for IT skilled workers is $101,323, according to IT business consultancy Janco Associates.

Half of the highest-paid skills in tech are AI-specific, which suggests that job seekers with AI talent can stand out in a competitive job market and earn more than their counterparts, according to Indeed.

"One thing everyone can agree on is that the tech industry is changing, and likely ...

Epoch Times - 3/10/2024

Biden Trumpets American Job Growth, Yet Work Goes to Immigrants

... the result of three decades of targeted replacement of the U.S. workforce through the use of employment visa programs such as the H-1B, OPT, L-1, H-2B and H-2A," Kevin Lynn, the executive director of the Institute for Sound Public Policy, told The Epoch Times.

Janco Associates, a management consulting firm focused on the information technology (IT) sector, reported that just 700 jobs were created in IT in the United States last year.

"Based on our analysis, the IT job market and opportunities for IT professionals are poor at best," said M. Victor Janulaitis, Janco's CEO ...

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• NTD.com - 3/10/2024 (Digital News US)
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Livwemint.com - 3/18/2024 (India)

Tech Job Seekers Without AI Skills Face a New Reality: Lower Salaries and Fewer Roles

... 't expect the same pay packages you were getting a few years ago.

Recently laid-off information-technology workers aren't quickly finding new roles because of a mismatch between the skills they have, and how much they expect to be paid, said Victor Janulaitis, chief executive of consulting company Janco Associates, which bases its findings on data from the U.S. Labor Department.

"They want a job for $200,000, and they're not finding it because they don't have the skills," Janulaitis said. "If they were an accounts receivable project manager, and they don't know anything other than that, they're going to ...

Fortune - 3/20/2024

The choice behind hotel CIO Brian Kirkland’s all-in bet on cloud

... AI skills shortages and mismatched salary expectations. The Wall Street Journal reports that jobs in areas like telecommunications, corporate systems management, and entry-level IT have declined, while roles in cybersecurity, AI, and data science keep rising, citing data from consulting company Janco Associates. So far this year, more than 50,000 workers from over 200 tech companies have been laid off.

United Health's costly cyberattack. Nearly a month after UnitedHealth disclosed a cybercriminal had breached part of Change Healthcare's IT network, the health insurance giant said it had paid out more than ..

WiredFocus - 4/5/2024

How many jobs are available in technology in the US?

... of market developments working their way into government employment data," Hebert said. "While employers across every sector of the economy demand tech talent spanning the continuum of tech job roles, there are pockets of employers recalibrating their staffing levels."

IT business consultancy Janco Associates had a similar take on the lackluster IT job market performance in February. It said in its report today that hiring of IT Pros is hindered by the lack of qualified individuals and a slowing economic picture, which "will have a dampening impact on the growth of the IT job market size.

According to ... continued to exceed 10% of all tech job postings, CompTIA said.

The push for AI and generative AI hires might be having an adverse effect on entry-level IT positions, especially in customer service, telecommunications, and hosting automation, according to Victor Janulaitis, CEO of IT consultancy Janco Associates, Inc.

"CIOs and CFOs are looking to improve the productivity of IT by automating processes and reporting where possible," Janulaitis said. "They are focusing on eliminating 'non-essential' managers, staff, and services. Experienced coders and developers still have opportunities."

The highest ... like retail and hospitality.

"We continue to see strong demand in business analyst roles and software developers as companies continue to work on readying projects for the new year and building out their apps for more clicks this season," he added.

According to a report from business consultancy Janco Associates, the IT job market shrank by 12,000 open positions in the last three months, leaving 101,000 unemployed IT professionals. At the same time, close to the same number of tech positions remain unfilled.

"CIOs have started to halt hiring IT pros. Demand for contractors and consultants is slow due to ... 's still a relatively small share of overall tech hiring activity.

Along with AI-skilled workers, software developers, IT support specialists, systems analysts, and data scientists are among the job roles in greatest demand, according to CompTIA.

Victor Janulaitis, CEO of Utah-based research firm Janco Associates, agreed AI and machine learning skills are in demand, though the number of coder openings is falling. At the same time, hiring of IT professionals is hindered by the lack of qualified individuals and a slowing economic picture.

"This will have a dampening impact on the growth of the IT Job Market ... services, scientific and technical services, and social assistance.

Employment in professional, scientific, and technical services increased by 29,000 jobs in September, in line with the average monthly gain of 27,000 over the prior 12 months, BLS data showed.

Victor Janulaitis, CEO of Janco Associates, identified the 10 AI skills listed most often on client open job requisitions for IT professionals. The one AI skill that was included in more than 60% of those requisitions: ChatGPT.

"Since its launch in November of 2022, ChatGPT has been implemented by the greatest number of organizations," ...

TechTarget - 5/3/2024 (Digital News US)

Microsoft, Google seek green card rule change

... so far this year, according to industry layoff tracker Layoffs, complicating the green card hiring process that requires first seeking qualified Americans.

"The goal of employment-based visas and H-1B work visas is to supplement unavailable skills domestically," said Victor Janulaitis, CEO of Janco Associates, a labor market analysis firm. "But when layoffs are prevalent, the rationale behind these visas becomes questionable."

Amazon didn't detail which government regulation is a burden, but an employer is required to provide notice to laid off U.S. workers who are potentially qualified for job ...

MSN - 5/6/2024 (Digital News US)

Rocket Cos. Taps Former Thomson Reuters Exec to Lead Companywide AI Efforts

... who bridge technology and business leadership to lead efforts.

While CIOs typically play that role, assigning primary technology responsibilities to a CTO could reflect a commitment to integrate technology further into core operations and product, said Victor Janulaitis, CEO of consulting company Janco Associates. "CTOs tend to operate more at the board level and deal with the overall strategy of the business," he said.

Rocket last month started rolling out a new AI platform, Rocket Logic, to power better workflows for employees, such as summarizing and extracting data from documents, and better ...