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Tech hired way more than any other sector during the pandemic, and is now reverting to the mean. It sucks for us but means little about the broader economy.
by Analemma_ 2y ago
Tech hired way more than any other sector during the pandemic, and is now reverting to the mean. It sucks for us but means little about the broader economy.
- kingTug 2y agoI've been hearing this for the last 2 years. How many more layoffs until we touch the baseline?
- rsanek 2y agoif you look at the data, big tech employment grew a ton 2019-2022 and has been flat since. the layoffs are just a way to clean house while remaining roughly the same size.
- subsubzero 2y agoexcept I know so many out of work that are not in tech. Finance is getting destroyed right now, also media, learning and pharma. Govt jobs and travel jobs lost during covid seem like the only thing thats out there. The economy is absolute garbage right now and the media has been gaslighting everyone saying its all in our heads.
- deleted 2y ago[deleted]
- mrweasel 2y agoIt's really interesting how different the job market is across countries. Unemployment in Denmark is still really low (2.9% [1]) of the top of my head I can't think of a single industry that isn't still hiring, except there's no one to hire. I'd really like to know why there's such a huge different between e.g. the US, UK and Denmark. It may have to do with declining population in Denmark. Or maybe US companies over-hired, because they could, but those people would have had to go somewhere else. [1] https://www.dst.dk/da/Statistik/emner/arbejde-og-indkomst/beskaeftigelse-og-arbejdsloeshed/arbejdsloese https://www.dst.dk/da/Statistik/emner/arbejde-og-indkomst/be...
- mardifoufs 2y agoThis is far from just affecting tech. Good luck getting a job with any other STEM or finance/admin degree.