The tech business’s second of reckoning: layoffs and hiring freezes

It appears like daily, we hear information of mass layoffs and hiring freezes from large tech firms that had been previously well-known for having deep pockets and near-endless facilities for employees. Now, it’s clear that the business as an entire is tightening its belt, leaving a whole bunch of 1000’s of workers out of labor — and extra questioning in the event that they’ll have a job throughout the subsequent few months or looking for jobs in an business that now not has a spot for them. It’s gotten to the purpose the place one tech recruiting web site created an interactive tool to trace the layoffs throughout established firms and startups.

We’ll in all probability see much more causes for layoffs or freezes as different firms announce their very own. Stay tuned to this web page for the most recent on large tech firms’ cost-cutting measures and the way they have an effect on present and former workers.