Re:Where have all the sacked tech workers gone?
by pakitan on Tuesday March 28, 2023 @02:43PM
(#35345894)
That's actually quite a bad summary with some hallucinations included (tourism, hospitality, AI screened resumes, focus on the pandemic). The summary I got was after I copy/pasted the contents and it's pretty much on the mark. Not sure why there is such a difference:
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Big tech companies like Meta and Amazon have announced massive layoffs, with American tech firms having announced 118,000 sackings so far this year. However, techies have been mostly spared, and the axe has fallen mainly on business functions like sales and recruitment. These functions had grown steadily as a share of tech-industry employment in recent years, a sign of bloat. The recent layoffs may release talented tech workers back into the job market, which could benefit other sectors struggling with digital reinvention, such as industrial goods, carmakers, banks, health insurers, and retailers. Some of the laid-off techies are also helping fuel a new generation of startups.
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Big tech companies like Meta and Amazon have announced massive layoffs, with American tech firms having announced 118,000 sackings so far this year. However, techies have been mostly spared, and the axe has fallen mainly on business functions like sales and recruitment. These functions had grown steadily as a share of tech-industry employment in recent years, a sign of bloat. The recent layoffs may release talented tech workers back into the job market, which could benefit other sectors struggling with digital reinvention, such as industrial goods, carmakers, banks, health insurers, and retailers. Some of the laid-off techies are also helping fuel a new generation of startups.