This article paints a very bleak figure. In particular it ignores that in any given year around 2.5% of the workforce will retire, and retiring a year early isn

This article paints a very bleak figure. In particular it ignores that in any given year around 2.5% of the workforce will retire, and retiring a year early isn't a massive hardship if you are getting severance, so 5% cuts can be easily accommodated (although obviously that makes things more challenging for me entrants to the industry). The other thing is that these numbers appear to be international, and are therefore a tiny drop in the ocean of the international IT workforce.