There are still a surprising number of open vacancies
if you lose With 100,000 jobs a month, it’s easy to think that the tech job market is bottoming out, as happened in tech in January. layoffs have been swift and brutal, laying off thousands of people each.
But like everything else in this recession, it’s been a long, hard road, with the economy crashing hard after the dot-com bubble burst in 2008 and 2000. return to stability.
The justification for these headcount reductions is lower operating costs and increased profits, presumably to reduce labor costs that ballooned during the height of the pandemic. It’s a barbaric business, but a careful look at the job posting data reveals it’s not as bad as it might seem at first glance.
Conventional wisdom suggests that these job cuts will eventually have to catch up with us, but so far tech workers, especially those in engineering, data science, AI, cybersecurity, etc. Workers with specialized skills continue to be in demand as supply lags behind numbers. open job.
People fired from big tech may not go to other tech companies.
