What's driving mass layoffs in the tech sector globally?
SECTIONS
What's driving mass layoffs in the tech sector gl ..
The mass layoffs in the tech industry follow close on the heels of the hiring frenzy of Covid-19. But as tech companies seek to lower headcounts to strengthen their balance sheets, the biggest chunk of jobs lost is not in tech-related roles. According to a report by 365datascience, the most laid-off workers, close to 28%, worked in HR and talent sourcing.
Software engineers were second with 22. 1% jobs lost followed by marketing (7. 1%) and customer service (4. 6%) roles. A small portion ..