Tuesday, 3 September 2024

What are predictions about Tech Layoffs?

“Will I lose my job in the next layoff?”

A question that increases the heartbeat of every employee! As per a report, the tech industry is witnessing massive layoffs, with over 100,000 jobs affected. So, will your job be secured or will you be the next one to be fired? Let's visualise the future with these 3 key predictions about tech layoffs! 

1] Continued Layoffs : Economic uncertainty and high interest rates may drive more companies to reduce headcount.

2] Impact on Large Firms : Larger tech companies are more likely to undergo multiple rounds of layoffs due to their complex structures and significant overheads.

3] Stable Job Postings : Despite layoffs, job postings are expected to remain stable, offering hope to those seeking employment.

These predictions highlight a complex job market, offering both opportunities and challenges. 

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What are your views about these predictions? Let us know in the comments!