After a pandemic hiring frenzy, the global technology industry is in downsizing mode, with many of the world’s biggest tech firms announcing massive cuts – and Canadian tech workers aren’t immune.– an online database cataloguing the cuts globally – over 100,000 tech workers lost their jobs across 344 firms in the first six weeks of the year. By comparison, the website only tracked 160,000 layoffs in all of 2022, most of which occurred in the final two months of the year.
Preliminary data also suggest that women and members of minority communities might be losing their jobs at disproportionately high rates. When Mr. Lee ran the names of 1,258 recently laid-off tech workers through a software application that sorts names based on gender it identified almost 45 per cent as “likely female.” According to a 2022
When Mr. Lee ran the names of 150 workers who were recently cut from Canadian-based tech companies, a similar proportion – 43 per cent – were identified as likely female. Even if the cuts were proportionate to employee gender populations, however, TAP Network chief executive Stephanie Hollingshead says they would still take a greater toll on female and minority workers.
Good.. maybe people will go and perform work at a real job that creates something physical..
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