There aren’t millions being laid off in tech. Big names laying off 10k but with the nuance being they hired 30-40k last year.
There’s about 12M tech workers in the US broadly speaking (and I mean BROADLY, as most estimates say 5-7M. **12M is all employees, including clerical corpo etc. ). If there were millions laid off we’d be talking about a catastrophic impact. Most of these people will be swept up by smaller firms and especially cybersecurity firms which pay just as well and have been taking off in the last 5 years like crazy thanks to the GDPR and other PII laws.
Sea_Mathematician_84 t1_j5g3kgb wrote
Reply to comment by National_Smoke4580 in The dichotomy of FT by Johs92
There aren’t millions being laid off in tech. Big names laying off 10k but with the nuance being they hired 30-40k last year.
There’s about 12M tech workers in the US broadly speaking (and I mean BROADLY, as most estimates say 5-7M. **12M is all employees, including clerical corpo etc. ). If there were millions laid off we’d be talking about a catastrophic impact. Most of these people will be swept up by smaller firms and especially cybersecurity firms which pay just as well and have been taking off in the last 5 years like crazy thanks to the GDPR and other PII laws.