TL/DR –
In 2023, significant layoffs in the tech sector saw over 240,000 jobs lost, including nearly 7,000 in November alone. However, the climate tech sector has shown growth, with clean energy jobs increasing by 10% over the past two years, according to a report by industry group E2. Looking forward, the fastest-growing job fields are anticipated to be wind turbine technician (45% growth) and solar photovoltaic installer (22% growth) through 2032, according to Bureau of Labor Statistics.
Climate Tech Offers Job Opportunities Despite General Tech Sector Layoffs
Despite widespread layoffs in the tech sector in 2023, where over 240,000 jobs were cut, the climate tech sector has been expanding. January to November alone saw up to 7,000 job cuts. Yet, climate tech is still hiring as we move into 2024.
The clean energy industry has seen job growth of 10% over the past two years, outstripping overall economic growth, as stated by a report from industry group E2. Careers such as wind turbine technician (45% growth) and solar photovoltaic installer (22% growth) are projected to be the fastest-growing until 2032, according to the Bureau of Labor Statistics.
While 2023 was challenging for startups with reduced investor funding, not all had to resort to layoffs. Many continue to hire for various roles. Climate tech presents a viable option for those laid-off from the general tech sector. However, a potential skills gap might be a hurdle as most roles require some climate or energy knowledge.
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