REDi Holbourne CEO on the latest hiring trends in SA’s tech sector

In a global landscape where artificial intelligence is gaining traction, the tech sector has witnessed a surge in job losses as companies embrace AI technologies. According to Layoffs.fyi, more than 23,600 workers were laid off from 85 tech companies in January alone. To delve deeper into the hiring trends in the tech space in South Africa, CNBC Africa spoke with Rob Mailich, the CEO of REDi Holbourne. The discussion highlighted the impact of AI on job losses, the evolving job market in South Africa, and the need for upskilling and adaptation to the changing economic landscape. Mailich noted that AI is predominantly replacing data-related roles, administrative tasks, and mundane responsibilities, while more strategic and emotion-driven positions still require human input. He emphasized that South Africa is experiencing similar job loss trends to the global market, especially in areas where AI can take over repetitive tasks. Furthermore, the interview shed light on the demand for high-tech jobs, such as robotics and data analysis, and the importance of aligning workers' skills with employers' requirements. The supply of skilled workers in the local market is being absorbed by international companies, leading to a competitive hiring landscape. Despite the economic challenges facing South Africa, including sluggish growth rates and skill redundancies, there is a growing need for mid to senior-level positions in the tech sector. However, many of these skilled professionals are being recruited by international firms, affecting job availability and wages in the local economy. Gender dynamics in the tech industry were also discussed, highlighting the need for gender equality and female representation in leadership roles. The conversation underscored the importance of continuous education, upskilling, and fostering diversity in the tech workforce to navigate the evolving job market driven by AI and technological advancements.