Introduction: In recent years, tech layoffs have become an unfortunately common sight across many industries with some companies predicting more job losses as soon as 2023. This has left many tech firms wondering what this means for their talent and how they should move forward. In this blog, we will be unpacking the impact that … Continue reading What are the longterm impacts of the layoffs in tech?
During the past year, tech layoffs have become commonplace – particularly in recent months as big and small businesses alike had to scale back after hitting a peak of profits throughout this pandemic. While it’s clear that countless newly unemployed tech employees are searching for their next gigs, what isn’t certain is where exactly they will end up. Continue reading What impact will the layoffs in Tech have on the industry?
In 2008, 65,000 tech employees lost their jobs; this number was mirrored in 2009 according to Challenger, Gray & Christmas only global outplacement and career transitioning firm. By comparison, 965 tech companies laid off more than 150,000 employees this year globally, surpassing the Great Recession levels of 2008-2009. Notable tech companies, such as Amazon, Twitter, … Continue reading Economist believe tech layoffs to surpass Great Recession