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Tech employment now significantly worse than the 2008 or 2020 recessions - Hacker News
Overview
The tech labor market has deteriorated sharply and is now described as significantly worse than during the 2008 financial crisis or the 2020 downturn. Widespread layoffs, hiring freezes, and cuts to contractors are affecting firms of all sizes; high-profile moves like Atlassian’s 1,600-job reduction and Amazon’s robotics cuts underscore how pervasive the slowdown and AI-driven shifts are. The change is producing longer unemployment spells, downward pressure on compensation, and pressure for consolidation and retraining.
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ORGtechnology sectorORGtechnology companiesORGtech industryPERSONtech workerstech employees
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