The past year and a half has not exactly been a period of growth for software engineers. Data from Levels.fyi, a compensation data and career services platform, shows that median compensation for software engineers actually fell by roughly half a percent during 2023—a trend that’s likely continued in the midst of widespread layoffs in the tech sector in early 2024.
But software engineers remain instrumental to the tech sector, and despite the hiccup in compensation, aren’t going away, as they play an important role in the tech ecosystem. Software engineers’ “responsibilities include code development, testing, architecture, systems design and more standardized processes,” says Inbal Shani the Chief Product Officer at Twilio Communications.
