Despite recent mass layoffs at global IT companies like Better Collective and Play Studios Europe, which have been attributed to financial difficulties, reduced project volumes and geopolitical issues, the Serbian IT market has not been significantly impacted. While some layoffs have occurred, they are considered isolated and not widespread. According to Marko Vučetić, director of the Serbian IT Association, the layoffs in Serbia represent only 5-10% of the workforce, and the sector continues to maintain a labor deficit, with laid-off employees finding new jobs within two to three months.
Vučetić acknowledges that while there is a “challenging environment” for IT, it cannot yet be described as a full-blown crisis. He points out that Serbia’s IT sector continues to offer significant expertise and value, but notes that Serbia is becoming a more expensive market, putting pressure on companies to remain competitive. Despite these challenges, tax incentives and financial reliefs are seen as essential to the growth and stability of Serbia’s IT industry.
The Serbian IT Association is focused on advocating for policies that maintain a strong IT sector, support existing corporations, and attract new investments, ensuring that Serbia remains an attractive destination for global IT companies looking to expand or relocate. The sector’s continued growth is essential to Serbia’s export economy and job creation.
