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Tech market during the war

On February 24, 2022, Russia launched a full-scale invasion of Ukraine.

This is a challenging test of fortitude, not only for our state, but for the economy too. The IT sector is doing exceptionally well due to its mobility, well-structured organization, and remote work orientation. IT services exports are projected to reach 8.5 billion dollars by the end of the year, a 20% increase since 2021.

What was the market's reaction to a full-scale war?

Companies quickly moved their employees to safer parts of the country, away from the war zone. Before February 24, Kharkiv was a big IT development center. But because it was too close to the fighting, IT experts had to go to the middle and west of Ukraine — Kyiv, Lviv, Dnipro, and Odesa had the most IT people.

About 20% of tech workers went to EU countries such as Poland, Germany, Hungary, and Spain.

Here are some numbers:

  • the number of job openings decreased by 25% since February 24th
  • the number of candidates who activated their profiles on djinni to look for a new job increased by 250%
  • salaries in the IT sector have tended to decrease, but already in the autumn they recovered to the pre-war level
  • according to DOU (Ukraine's largest IT portal), 95% of engineers work full-time, and 74% report no changes in their jobs as a result of the war.
More detailed reports with IT market statistics for various periods of 2022 can be found on our Substack blog: https://djinni.substack.com

IT market and military mobilization

  • Only males are being drafted for the Ukrainian army.
  • 70% of IT specialists in Ukraine are men
  • Approximately 2% of IT specialists were mobilized into the army during the major wave of mobilization, which ended in the autumn.
  • Men between the ages of 18 and 60 are prohibited to cross the border.
  • The Ukrainian government is working on legislation to allow IT professionals to travel outside Ukraine for business purposes.
  • More than 10,000 professionals have been hired on djinni.co since the full-scale invasion.

Wartime FAQ

Is it safe for my business to hire engineers in Ukraine during wartime?

Yes, of course, there are risks, but they are minor. As of the fall of 2022, the Ukrainian Armed Forces had stopped the Russian army's advance and have been reclaiming Ukrainian territories. IT specialists have relocated to safe parts of the country and are able to work remotely.

What if engineers from my team are mobilized into the army?

The main wave of mobilization has already ended. Those who volunteered to join the army did so. In general, about 2% of IT specialists have been mobilized in 2022.

Can women relocate to the EU or US?

Yes, women are allowed to leave the country.

Can men relocate to the EU or US?

No, men between the ages of 18-60 are prohibited from leaving the territory of Ukraine. However, the authorities are working on legislation to allow men to cross the border for business purposes.

Can I visit my team in Ukraine?

Yes, it is safe. Especially when it comes to cities like Lviv, Kyiv, and Odesa.

I have some questions left. How can I get further information?

You can contact us at magic@djinni.co and we’ll try to help you further.