Tech layoffs Getty Images In today’s fast-paced tech industry, layoffs have become an unfortunate reality. However, instead of viewing tech layoffs as a setback, companies can use them as an opportunity to build a resilient tech team. First, it is important to understand the reasons behind tech layoffs. As companies prepare for a potential recession and difficulties in raising capital, layoffs have become seen as a necessary measure. Last year, more than 107,000 jobs were cut from public and private tech companies in the US, with thousands more cut in January of this year alone. This includes companies such as Google, Microsoft, Amazon, Goldman Sachs, and Salesforce. Most tech talent is able to find a job quickly, since there’s still high demand for tech talent, according to a recent survey by the ManpowerGroup, but the demand is softening. The primary reason for the layoffs at the top tech firms and the softening demand for tech talent more broadly is a bearish market, where investors are becoming more conservative and unwilling to invest in high-risk ventures. Additionally, the primary market is down significantly, with fewer IPOs expected in the near future. However, as a highly experienced expert in the topic […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
