Is Big Tech Stumbling?

Blue ticks, pink slips, and mass layoffs.

From pandemic boom to layoff season. Who will swing the axe next?

Significant downsizing is reinforcing the notion that the bull market years of the previous decade, which made these tech firms trillion-dollar companies and created numerous job opportunities worldwide, are currently coming to an end.

How should employees cope with layoffs? Can tech giants crack the code to a stable future?

If you’ve been laid off, look at other opportunities that fit your skills. You may need to adjust your salary expectations temporarily until the economy is in a better place. Certain industries to consider, such as healthcare, insurance and finance, and banking are more “recession-proof” than others and can potentially utilize some of the tech skills you have acquired over the years. 

If you have been one of the thousands laid off in the tech industry, have hope that this industry is not going anywhere — it is a vital part of everyone’s day-to-day lives. Tech companies will eventually reinvest in research and development, products, and other opportunities.

Video from WION: The World is One News.