DigitalOcean Report Finds Developers Quitting Over Compensation, Remote Work Policies

Rhea-AI Summary

DigitalOcean Holdings, Inc. (NYSE:DOCN) has released its latest Currents report highlighting a growing developer talent shortage. Key findings reveal that 42% of developers are contemplating job changes, with 8% aiming to start their own companies. Factors influencing this trend include the need for competitive compensation and flexible work arrangements. The survey included 2,598 responses from developers across 94 countries, indicating a shift toward entrepreneurship and open-source contributions, despite skepticism about Web3 technologies.

Positive

• 42% of developers are considering leaving their jobs, indicating potential for entrepreneurship.
• Majority (79%) of developers desire to contribute to open-source projects during work hours.

Negative

• Developers express low job satisfaction, highlighting dissatisfaction with current workplace conditions.
• 67% of developers are not utilizing blockchain/Web3 technologies, showing a disconnect with current trends.

42% of developers are considering leaving their jobs this year, with 8% doing so to start their own companies

NEW YORK--(BUSINESS WIRE)-- DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for developers, startups and SMBs, today announced the findings of its latest Currents report, which shows that today’s developer talent shortage has potential to worsen.

Over a quarter of developers who have been in the workforce for over a year started a new job in the past year, and 42% of those who didn’t are considering or may consider leaving their jobs this year. It’s clear that businesses of all sizes need to rethink their approach to attracting and retaining highly-skilled developer talent. The report also identified compensation and desire for fully remote or more flexible work environments as the top reasons developers are thinking about quitting, or already have.

“Attracting and retaining developer talent is evolving rapidly and companies need to adapt to the new landscape,” said Gabe Monroy, Chief Product Officer at DigitalOcean. “Businesses need to better understand developers and give them the tools, benefits, and pay they need to be successful — business survival in the digital era depends on it.”

Key findings of the report include:

• Job satisfaction among developers may be low, but entrepreneurship is high. 8% of developers who have both left their job and who are looking to leave are doing so to start their own companies.
• In a challenging job market, developers are turning to the open source community. When asked what they have gained from contributing to open source, developers reported enhanced skills (35%), networking (19%) and job opportunities (11%).
• Developers want to contribute to open source while on the clock. 64% of companies use open source code for more than half of their software. However, most businesses don’t give their developers time or compensation to contribute to open source projects. 79% of developers want to be able to contribute to open source during the workday, and a majority believe that they should be paid for those contributions.
• Developers are not buying into Web3/blockchain hype: Despite the buzz around blockchain and Web3 technologies, 67% of developers do not use blockchain/Web3 yet. They also have mixed opinions about low-code — developers with fewer years of experience are more likely to see the value of low-code, while those with more experience believe low-code is overhyped.

Methodology
The Currents survey was conducted through an online survey link from April 19, 2022 to May 19, 2022, and garnered 2,598 completed responses. The link was distributed to various sample sources, including DigitalOcean email lists and open source groups. Respondents all identified as having technical roles, including front end, back end, and full stack developers, system administrators, DevOps specialists, and more. Those without technical roles were screened out of the survey.

Respondents represent 94 countries, with 43% coming from the United States, 15% from India, 6% from Germany, 3% from Canada, 3% from the UK, and the remaining 30% spread between other countries. The gender breakdown was 87% male, 8% female, 1% non-binary, and 4% who preferred not to say or preferred to self-describe. Respondents represent a range of ages, with 32% of respondents being 25-34, 25% ages 35-44, 21% under 24, and 22% 45 or older.

Read or download the full report here.

About DigitalOcean
DigitalOcean simplifies cloud computing so builders can spend more time creating software that changes the world. With its mission-critical infrastructure and fully managed offerings, DigitalOcean helps developers, startups and small and medium-sized businesses (SMBs) rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. DigitalOcean combines the power of simplicity, community, open source and customer support so customers can spend less time managing their infrastructure and more time building innovative applications that drive business growth. For more information, visit digitalocean.com or follow @digitalocean on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220609005188/en/

Media

Spencer Anopol

press@digitalocean.com

Investors

Rob Bradley

investors@digitalocean.com

Source: DigitalOcean

FAQ

What did the latest DigitalOcean report reveal about developer job satisfaction?

The report indicated that job satisfaction among developers is low, with 42% considering leaving their jobs.

What percentage of developers are looking to start their own companies according to DigitalOcean?

8% of developers who are looking to leave their jobs are doing so to start their own companies.

What factors are driving developers to consider leaving their jobs?

Top reasons include compensation and a desire for more flexible or fully remote work environments.

When was the Currents survey conducted by DigitalOcean?

The Currents survey was conducted from April 19, 2022, to May 19, 2022.

How many responses were collected in the DigitalOcean survey?

The survey garnered 2,598 completed responses from developers.