Lenny’s Newsletter · Subscriber post · PM career & craft · Growth & retention

New data on the product job market

Who’s hiring, what roles are growing, the one role that’s disappearing, and more surprising insights

Lenny RachitskyJul 23, 20248 min♥ 187
SourceLenny’s Newsletter
KindSubscriber post
PublishedJul 23, 2024
Readers♥ 187
Originallennysnewsletter.com ↗
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Lenny Rachitsky shares near-real-time U.S. job-market data on product and product-adjacent roles, gathered via a third-party data firm. The post argues that growth roles are expanding fastest, PM hiring has plateaued rather than shrunk, user research is rebounding after overhiring and layoffs, and scrum master roles are declining.

Subscriber post — summary only

01Key takeaways

  • Growth roles are the fastest-growing category, likely driven by product-led growth and capital-efficiency priorities.
  • PM hiring has stabilized after a 2022 peak, which the author sees as a healthy steady state.
  • User research is rebounding after a painful layoff cycle, as companies re-hire after cutting too deeply.
  • Product owner titles are growing steadily, while scrum master is the only shrinking role, possibly due to retitling.

Summary and takeaways written by PM Atlas; quotes are short excerpts. © the original author.