Half of Bay Area tech workers worry they'll be laid off, survey finds - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

A new survey found that 53% of Bay Area tech workers are concerned they'll be laid off as the tech industry continues to be hit hard by the coronavirus crisis

, which helps companies analyze and optimize their workforces, found that tech has been impacted by the coronavirus crisis in a different way from other industries. Visier found that the big tech companies, many of which are based in the Bay Area, made bigger job cuts and started laying off workers sooner than companies in other industries.

The study also showed that tech firms continued cutting jobs at high rates after companies in other industries mostly stopped laying off workers. Given that employee expenses, including payroll, tend to make up a significant portion of tech companies' costs, those companies are looking to cut some of those costs during the downturn, Ian Cook, Visier's vice president of people solutions,"High tech is highly dependent on people," Cook said. "We know that they're always quick and careful to manage that cost base.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thank You Mass Protesters Looters Thugs and Criminal!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No one cares.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Hedge funds regaining interest from major investors after 2 years of outflows, survey says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's best investing stories of the week ended July 21 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Google's Eric Schmidt is building tech college to rival Stanford, MIT - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Sounds like a plan to train people to infiltrate government..? First pay for mine. So far you are criminal, nothing you can tech about my ways. My system, ecommerce and so on is not yours, not for you. You can teach, that you were in unjust enrichment for all this time.
Source: BusinessInsider - 🏆 729. / 51 Read more »