PM job openings are at their highest point in over three years, according to TrueUp data tracking more than 9,000 tech companies globally. This is the fourth biannual State of the Product Job Market report from Lenny's Newsletter, and the most optimistic one yet. AI roles are exploding in volume, software engineering demand has not dropped, and total tech jobs continue to grow despite concurrent layoffs.
The data also surfaces two structural shifts worth tracking: the Bay Area is gaining importance as a hiring hub, and remote work opportunities are still declining. Design roles have plateaued. These are not temporary blips. They are directional signals about where the industry is concentrating talent and physical presence.
The full report breaks down each role category with specific trend data and includes a resource section for job seekers who are not seeing the recovery in their own searches. The gap between 'more openings' and 'faster hiring' is real, and the piece addresses it directly. Read it for the category-level numbers, not just the headline.
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