Tech Layoffs Here to Stay; Workers Must Upgrade or Be Out of Date: Tech Experts
Many tech workers still reel from the juggernaut of massive layoffs that began late last year.
Historically, tech workers have experienced layoffs more than once in their career. In previous years, through the dotcom bubble bust in 2000 and the great recession in 2007, tech workers expected layoffs to mean 5 to 50 employees being let go.
But late in 2022, Alphabet (Google), Meta (Facebook), Microsoft, IBM, and other tech companies began chopping off whole divisions with massive layoffs.
Layoff.fyi states that 475 tech companies have laid off a total of 127,354 employees as of this writing.
Some news reports attribute layoffs to economic recession, the war in Ukraine, the trade war in China, or even the pandemic changing the working lifestyle. But how do tech insiders explain the layoffs now? Several tech experts emailed The Epoch Times their insights about the situation….