Even with the surge in layoffs, most tech companies are still vastly larger than they were three years ago. But industry analysts expect further industry cuts in 2023 as the Federal Reserve continues to increase interest rates as it hits the brakes on economic growth.
As for what that means for tech workers, it's too soon to tell, experts say. Despite the cascade of layoff announcements, employment in the information sector rose through most of last year, dropping only in December. That suggests demand for talent remains strong enough that many laid-off tech employees will likely be able to find new jobs.
"The labor market is still so tight that many tech workers, and workers with other skills, are snapped up well before they need to collect an unemployment check. And they are more likely to be snapped up by smaller firms, which have a much greater demand for workers than major corporations.
But wait...these are all the jobs that Joe Biden 'created'? How can they just go away like that? Another legacy moment for the failed Biden/Harris regime.
I think most people are getting wise to big techs' fascist ways and are changing their spending habits
They seem to think that ChatGPT is an answer to having fewer employees, higher corporate profits and executive bonuses.
We did it joe
:0
global warming in hands of honest scientists
Hi
Most of the tec companies are in bloe states, and blue counties. Does that tell you why they lay of good American workers, from high paying jobs.
Short sighted. Fed is going to pivot.
Or are they getting rid of the people who help delete conservative voice unwittingly. The cover of a recession. First a business will cut costs in other areas because some of those people will go to competing companies with company secrets. Also all the investment in ppl.
Useful tools are no longer needed. Job well done. Voterfraud misinformation Google searches to support Democrats. 🤣😂 How is the unemployment line?
Workers get laid off. The top CEOS and investors get pay raises and higher dividends. I wonder who is the priority for these people?
Brazil wants to know: 1 - Who ordered the killing of Jair Messias Bolsonaro? 2 - Why couldn't Adélio Bispo's cell phone be investigated? 3 - Why did the Brazilian Justice not provide the Source Code of the polls, in the last presidential election in Brazil?
No matter what a 'progressive' facade they may present, these people are stone-cold capitalists who don't give a shit about their employees!
CBS, you can pat yourselves on the back. This is all a result of leftist Journalist Politics that you pushed. If I were the leader of this nation, I'd be turning your institutions upside down, to get rid of traitorous News agencies. I believe in Free Speech unless it's treason.
They're going to start hiring when the threat is over, and they will get to pay the new staff less.
I hope the laid off workers realize it’s the Democrats economic policies causing this downturn.
Why were you negative about the Twitter layoffs but not Google. I have never been a fan of biased news. I guess I can’t be a fan of CBS!
A lot of tech jobs are do nothing positions anyway.
Ohh. So we gonna vibrate just like you did over Twitter